By Jack Devanney Engineering, procurement, and construction (EPC) contractors have led recent nuclear plant projects into disasters. Deca-billion dollar cost overruns. Schedules doubling. Some projects being cancelled after squandering billions of dollars. Giant corporations facing bankruptcy. This raises the obvious question: if Westinghouse can’t build a standard nuclear power plant, how in the world will a start up like ThorCon…
In April, Secretary of Energy Perry announced a 60 day study of current U.S. electricity markets with an emphasis on their effects on long term grid reliability, reliance and stability. That report was issued sometime around 10 pm yesterday. It’s a lengthy, detailed product backed up with data, charts, customer feedback, and expert input. Here’s…
By Jim Little Would you be willing to continue investing in an established business with flat revenues, increasing costs while competing against an agile field of competitors who enjoy a market advantage of lower costs, quicker deployment schedules and the support of government subsidies and favorable public opinion? Should you stay the course and focus…
In July 2017, District Court Judge Manish Shah, U.S. District Court of Northern Illinois, handed a decisive victory to nuclear energy supporters and plant owners in a case that challenged Illinois’s right to choose the mix of fuels used to produce power inside its borders. The plaintiffs opposed the “Future Energy Jobs Act” recently passed…
“Don’t wait for a serious crisis to occur. Create one that can be more carefully controlled to your advantage.” Credit: Fictional natural gas futures trader whose last name might be Dulles or Bundy One of my favorite sources for natural gas industry news and opinions is RBN Energy LLC. Their blog is near the top…
A couple of weeks ago, I spoke with Donald Hoffman, the founder, president and CEO of EXCEL Services Corporation (EXCEL). Hoffman is an active and visible leader within the nuclear industry. He’s a past President of the American Nuclear Society (ANS). His company has been a major exhibitor at ANS events for several decades – people…
The Beaver Valley (PA) Times has published an important article titled Group forms to oppose bailout of struggling nuclear power industry. That article needs to be read and retained by those of us who believe that existing nuclear plants are important pillars of the U.S. electricity supply network that is often called “the grid.” The…
During the ANS Student Conference 2017 in Pittsburg, PA, a student at the University of Wisconsin-Madison made the effort to find me and introduce himself. Among several other topics, he wanted to exchange thoughts about an article that I first published more than 22 years ago. The student indicated his interest in becoming an atomic…
Simon Irish, the Chief Executive of Terrestrial Energy, provided a project update to the 7th Annual SMR and Advanced Reactor Summit organized by Nuclear Energy Insider. What Is Terrestrial Energy Doing To Move Its Design To Market? His company is developing an Integral Molten Salt Reactor (IMSRTM). He noted that he had last provided information…
Attendees at the 7th Annual International SMR and Advanced Reactor Summit in Atlanta, GA were intensely curious about the effect of Westinghouse’s decision to enter into a Chapter 11 bankruptcy reorganization effort. They are also working hard to learn whatever lessons might be available to help them avoid similar situations. What About That Westinghouse News?…
Generation mPower, one of the early leaders in the development of small modular reactors (SMR), has decided to fully terminate its partnership and put the design material that was developed onto a corporate shelf. Though this isn’t specifically good nuclear news, it is an indication that nuclear energy development has many hurdles that it shares…
There are numerous reasons why Toshiba, formerly an enormous and successful Japanese electronics manufacturer, is struggling to survive. One of the lessons available to be learned – once again – is caveat emptor (buyer beware). After a series of purchases and deals that gradually took Toshiba a long way from its core competencies, the company…