I’ll start with a disclosure. I’m still long on NuScale in my personal portfolio and have no intention of changing that position in the near future. I believe that the company has a good product and excellent potential for growth. The image above with Jose Reyes and me is from a visit I paid to…
Last Energy is an innovative new company governed by a philosophy of avoiding the invention of anything that has not been done before. They have created a business that is laser focused on building, owning and operating small (20 MWe), modular pressurized water reactors and selling the electricity they produce under long term power purchase…
Two years ago, NuScale committed to filing a license application for its eponymous SMR design with U.S. regulators by the end of 2016. Just three months before two company executives used a custom pen on the cover letter of the ~12,000 page design certification application, even NuScale insiders were doubtful that the task could be…
Note: For an update on this topic see subsequent post titled Bechtel will “pursue” acceleration of mPower project. On March 4, 2016, in a press release issued from Reston, VA, Bechtel and BWX Technologies (BWXT) announced that they would be accelerating their Generation mPower small modular reactor project. Bechtel will take over the project lead…
On February 16, 2015, an AP article by Ray Henry titled Nuclear plants delayed in China, watched closely by US firms contained a short paragraph that has contributed to a number of sleepless nights. I’m pretty sure there are plenty of other people affected in the same manner who have far more at stake than…
The established nuclear energy industry has taken a wait-and-see approach to the idea of developing and deploying smaller, simpler fission power stations that can take advantage of the economy of series production. The industry’s trade organization, the Nuclear Energy Institute, has expressed cautious optimism and has engaged in a moderate effort to identify regulatory obstacles…
A few days ago, Dan Yurman at Neutron Bytes published a blog post that is now titled Flash: NuScale executive says firm may build SMRs at Idaho lab. It was a follow-up to an earlier post in which Dan speculated about the Idaho National Lab’s potential as a good site for a new nuclear power…
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…
Finns are pragmatic people who love their country, but also recognize its geographic limitations. “Finland is a very cold and dark country. Electricity is very important to us. We are a kind of island in Europe, we have take care of ourselves. No one will help us if we run out of power.” Way back…
Reuters is running a series titled Breakout: Inside China’s Military Buildout. Installment number 6 is titled The U.S. government lab behind Beijing’s nuclear power push. The title is misleading; it is not about China’s world-leading, multibillion-dollar program. That program includes 29 large commercial nuclear plants currently under construction. Instead, the article focuses on a $350…
On December 12, 2013, the US Department of Energy (DOE) announced the selection of NuScale as the winner of the second round of funding under the Department of Energy Funding Opportunity Announcement (FOA). That announcement, which had been due since sometime in September, must have been quite welcome to a lot of really talented and…
As a Navy nuke, I was carefully taught to believe that everything we learned about atomic energy had to be strictly protected from release to anyone who was not “cleared”, especially anyone who was not a US citizen. I started to question that policy after I completed my tour as the Engineer Officer on the…