Vogtle Construction Update Video

This video provides an encouraging view of the positive impact that the Vogtle expansion project is having on the local community. It’s 4,000 – 5,000 construction jobs is just one part of the economic impact; that $23 million dollar property tax check shown during the video is another part that apparently brings smiles to the faces of local government leaders and school children.

During a talk at the Nuclear Energy Insider Small Modular Reactor conference, I heard a Wall Street banker make the following statement to explain why his bank is reluctant to finance a nuclear energy project.

As an investor, I am not anti-nuclear. I am pro-money.

I couldn’t find the speaker after his talk. I wanted to tell him that I am not anti-money. I am pro-people. That’s why I am a nuclear energy proponent.


Personal side note – George Koucheravy, the big, bearded guy speaking from 4:12-5:29, signed a substantial portion of my EOOW qualification card on USS Stonewall Jackson in the spring of 1983. He asked some tough questions. It was great to hear his voice again; it brought back a flood of memories.

NEI Small Reactor Forum Report – Part 2

The Nuclear Energy Institute (NEI) hosted its biannual Small Reactor Forum on February 25, 2014. The agenda for the one day event included six well-organized sessions with presentations from three small reactor vendors, the industry trade group, the regulatory agency, and several outside observers with a significant interest in the technology from a variety of […]

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DOE Signing What May be the Only Nuclear Loan Guarantee

Yesterday, Dr. Ernest Moniz made it official; he is continuing his recent travels through the southern US. As he joked with the audience at the National Press Club, there is a reason why his itinerary has focused on southern locations in December, January and February. His next stop will be today, Feb 20, 2014, in […]

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Update – DOE Loan Guarantee for Vogtle

Update: (Feb 19. 2014 4:38 pm) – Here is the press release that DOE posted after Dr. Moniz’s talk at the National Press Club. Sec. Moniz to Georgia, Energy Department Scheduled to Close on Loan Guarantees to Construct New Nuclear Power Plant Reactors Word is spreading that Secretary of Energy Ernest Moniz will make several […]

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Argentina pours nuclear grade concrete for CAREM, a 25 MWe SMR

On February 8, 2014, Argentina poured its first nuclear grade concrete for CAREM-25, an integrated pressurized water reactor (iPWR) whose design has been in intermittent progress for more than 24 years. Will Davis wrote an informative piece titled Argentina carries torch for SMR construction about the design and the project at ANS Nuclear Cafe. Argentina […]

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If you really care about carbon…

By Paul Lorenzini Two recent reports ought to frame the conundrum for environmental activists who oppose nuclear power and offer guidance for all who are concerned about carbon. Renewables and efficiency are not enough The first was BP’s Energy Outlook 2035. It challenges the prevailing narrative that has been driving the thought of many environmentalists […]

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Westinghouse’s Roderick shifts resources from SMR to AP1000

NuScale was the sole winner in the latest round under the DOE’s Funding Opportunity Announcement (FOA) for small modular reactors (SMR). The DOE announced its decision in December 2013. As a result of that decision, Westinghouse has shifted internal resources from working on a 225 MWe SMR to focus more on continued refinements and completion […]

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VC Summer makes impressive progress during 2013

SCANA has produced a terrific short video that provides an update on the progress they and their suppliers have made in building VC Summer units 2 and 3 during 2013. It’s hard not to be encouraged and impressed by the people, the machinery and the equipment being assembled into two powerful new clean energy sources. […]

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Russia using oil wealth to finance nuclear exports

Russia has announced plans to lend Hungary $14 billion at below market rates to finance the construction of additional nuclear energy production units at the existing Paks nuclear power station. The announcement is one more piece of evidence showing that Russia continues to diversify its income by exporting nuclear power stations to as large a […]

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Chinese plan to dominate nuclear market worldwide

A California-based correspondent shared the following vignette to a private email list early this morning. An aside — had dinner with a Stanford biz prof teaching entrepreneurship. His 15 Chinese students were at the table too (big table). A few spoke English. One is international marketing head for China Nuclear Power Engineering Company — largest […]

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Are natural gas suppliers purposely overproducing?

On December 27, 2013, Matt Wald published a piece in the New York Times titled New Energy Struggles on Its Way to Markets that points to the predictable consequences of having too many energy options chasing too few customers. When there is excess supply compared to demand, prices tend to fall rather dramatically. Falling prices […]

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