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 […]
Business of atomic energy
What Does Westinghouse Bankruptcy Mean To Nuclear Energy Innovators?
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? […]
Bechtel And BWXT Quietly Terminate mPower Reactor Project
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 […]
One Toshiba Lesson – Organizations With Venerable Corporate Names Can Be Risky Acquisitions
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 […]
Toshiba Announces $6.3 B Writedown On A $229 M Construction Company Acquisition
Toshiba’s chairman, Shigenori Shiga, has accepted the responsibility for his company’s financial challenges and operating losses and resigned his position as chairman and as a board member. He remains an executive with the company. After some early confusion related to a discussion about its financial statements with its auditors, Toshiba has announced that it will […]
Toshiba Likely To Exit Nuclear Plant Construction Business
Note: There is an important information update at the end of this post. Westinghouse is “unlikely to carry out actual construction work for the future nuclear power plant projects to eliminate risk.” Satoshi Tsunakawa, President and CEO of Toshiba, the Japanese company that owns Westinghouse and its CB&I Stone Webster subsidiary, made that statement during […]
U. S. should strengthen and export its atomic energy capabilities
Donald Trump has once again caused a huge stir with the issuance of a 140 character statement of purpose. Here is the tweet heard around the world: The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes — Donald J. Trump (@realDonaldTrump) […]
Maria Korsnick brings fresh thinking to nuclear energy leadership
Maria Korsnick has a passion for nuclear energy and a well- informed view of the challenges and opportunities the U.S. nuclear industry faces. That was my impression after recently attending her first press conference as NEI’s new president and CEO. “If we hope to maximize nuclear energy’s immense potential globally, the United States must take […]
NuScale Getting Ready For Design Certification Submission
NuScale remains on track to submit a high quality design certification application to the Nuclear Regulatory Commission by the end of 2016. That statement might surprise people who follow small modular reactor developments closely enough to be aware that the company received a status report earlier this week from the NRC that gave a grade […]
Natural gas burners file suit challenging fairness of New York Zero Emission Credts
A coalition of electric power producers that operate natural gas-burning generation plants have filed suit in the U.S. District Court Southern District of New York. They are challenging the New York State Department of Public Service’s (NYSDPS) recently enacted Zero Emission Credit. Competition wasn’t designed with customers in mind The lawsuit filing document Indicates that […]
Another nuclear plant will close for good on Monday
The Ft. Calhoun Station (FCS) is scheduled to shut down for good on Monday, October 24. The number of operating nuclear power reactors in the US will have been in the three digits again for a just one week. That event will be a tragic shame for the surrounding community, for a gradually growing portion […]
Stockpile of 20% enriched uranium will enable advanced reactor deployment
This is a call to action. The Department of Energy is soliciting comments on its excess uranium management plan. The deadline for comments, initially announced as August 18, 2016, has been extended until September 19. That is just 4 days away. Here is a quote from the Federal Register request for information: The U.S. Department […]
