Nuclear News

U.S. nuclear technology company TerraPower announced yesterday the close of a $750 million equity raise—one of the largest advanced-nuclear investment drives to date, according to the announcement—with $250 million of that contributed by South Korean firms SK Inc. and SK Innovation.

Both firms are subsidiaries of the Seoul-based conglomerate SK Group, South Korea’s second-largest conglomerate, after Samsung Group.

Craig Piercy
cpiercy@ans.org

It is often said that in Washington, “trust is the coin of the realm.” Of course, you can be forgiven for thinking these days that trust in politics is an outmoded concept—that the only coin of the realm today is, well, “coin.” But you would be wrong.

Behind the facade of political polarization and tribalism there still exists a genuine desire to make good policy. Of course, each side of the ideological spectrum will always have their preferred set of solutions, and those solutions will usually be “spiced” by the parties’ respective “bases.” But I never cease to be surprised by how much undetected common ground exists on practical matters.

During the last six months, in partnership with the bipartisan U.S. House Advanced Reactor Caucus, I have had the honor of moderating monthly Jeffersonian dinners on Capitol Hill with members of Congress and leaders from across the nuclear profession. If you are not familiar with the format, a Jeffersonian dinner requires that there be one single conversation at the table around a posed central question, such as, “Is nuclear energy overregulated?” or “Should the U.S. recycle its nuclear fuel?”

After hours of debate alternating between Democratic praise for the Inflation Reduction Act (IRA) and Republican denunciation of it, the House of Representatives late Friday passed the sweeping energy, tax, and health care package in a straight party-line vote, 220–207. Its passage represents a significant win for President Biden, who is expected to sign the bill into law this week.

The boldly named $430 billion measure includes $369 billion in energy security and climate spending, with nuclear energy included among the beneficiaries.

Can nuclear power plants prosper in the grid of 2030 or 2035, when new wind and solar farms will make electricity prices even more volatile? Can plants install energy storage that will help them keep running at full power, 24/7, to ride out times of surplus and sell their energy only when prices are high?

Evidence that Canada is serious about becoming a world leader in small modular reactor deployment continues to mount. Ontario-based SMR developer Terrestrial Energy yesterday inked a memorandum of understanding with Invest Alberta—a crown corporation of the government of Alberta that promotes the province internationally—to support commercialization of the company’s Integral Molten Salt Reactor (IMSR) in western Canada.

Just over one year ago, on August 8, 2021, researchers achieved a yield of more than 1.3 megajoules (MJ) at Lawrence Livermore National Laboratory’s National Ignition Facility (NIF) for the first time, achieving scientific ignition and getting closer to fusion gain.

The scientific results of the historic experiment were published exactly one year later in three peer-reviewed papers: one in Physical Review Letters and two (an experimental paper and a design paper) in Physical Review E. In recognition of the many individuals who worked over decades to enable the ignition milestone, more than 1,000 authors are included on the Physical Review Letters paper.

In the latest episode of a years-long dispute, the D.C. circuit court has denied a petition to reverse the Nuclear Regulatory Commission’s 2014 decision granting a license to Powertech USA for uranium extraction at its Dewey Burdock site, the company’s parent, enCore Energy, announced yesterday.

All high-enriched uranium has been removed from the Kyoto University Critical Assembly (KUCA), according to an announcement from the U.S. Department of Energy’s National Nuclear Security Administration.

Teollisuuden Voima Oyj (TVO), owner and operator of the Olkiluoto nuclear power plant in Finland, has resumed Olkiluoto-3’s test production phase, following completion of maintenance and repair work at the new reactor’s turbine island, the company announced this week.

TVO had announced in June a delay to the unit’s commercial start of some three months—from September to December—after material that had detached from the steam guide plates was found in the turbine’s steam reheater in May, necessitating repair work and a halt to testing.

The Department of Energy has chosen Los Alamos National Laboratory to lead a $9.25 million collaborative project to model the behavior and properties of structural materials in molten salt through the Scientific Discovery through Advanced Computing (SciDAC) program and announced the news August 9. The team working on the five-year project includes experts from LANL; Carnegie Mellon University; and Idaho, Lawrence Berkeley, and Sandia national laboratories.

While the Mississippi Public Service Commission earlier this year accepted a $300 million offer from Entergy Corporation to settle its portion of a multistate dispute with the utility over Grand Gulf nuclear plant customer rate impacts, the Arkansas Public Service Commission last week turned down its own $142 million offer, terming it “a low-ball amount.”

Small modular reactor developer X-energy and materials science giant Dow this morning announced the signing of a letter of intent aimed at deploying X-energy’s Xe-100 reactor technology at one of Dow’s U.S. Gulf Coast facilities. The companies expect the SMR plant, which would provide power and process heat to the Dow facility, to be operational by approximately 2030.

Dow is the first manufacturer to declare its intention to develop SMR technology options and intends to take a minority equity stake in X-energy, according to the announcement.

News of the collaboration broke at the American Nuclear Society’s Utility Working Conference and Vendor Technology Expo, being held through August 10 at Marco Island, Fla.

Mexican authorities announced last week that the Mediterranean fruit fly, more commonly known as the medfly, had been successfully eradicated in the state of Colima using a nuclear technique described by the International Atomic Energy Agency (IAEA) as “birth control for pests.” Mexico used the sterile insect technique (SIT) in cooperation with the IAEA and the Food and Agricultural Organization of the United Nations (FAO) to protect fruit and vegetable crops, farmers’ livelihoods, and the country’s economy.

X-energy and Dow announced today a collaboration with intent to deploy an advanced small modular reactor at one of Dow’s U.S. Gulf Coast facilities. The SMR, which would be operable by about 2030, would provide heat and power to the Dow facility.

The announcement was made at the American Nuclear Society's Utility Working Conference and Vendor Technology Expo (UWC 2022), being held through August 10 at Marco Island, Fla.

The Tennessee Valley Authority and GE Hitachi Nuclear Energy (GEH) have signed an agreement to support planning and preliminary licensing for the potential deployment of a BWRX-300 small modular reactor at the Clinch River site near Oak Ridge, Tenn., the utility’s president and chief executive officer, Jeff Lyash, announced last week.

An evolution of GEH’s 1,520-MWe Generation III+ ESBWR design, the BWRX-300 is a 300-MWe water-cooled, natural-circulation SMR with passive safety systems.

All 92 U.S. power reactors operating today need water—in the right place and at the right time. But extreme weather events, including floods, droughts, hurricanes, and heat waves, upend expectations and demand resilience: the ability to anticipate, accommodate, and recover from adverse impacts.

Resilience was built into today’s nuclear power plants decades ago. Weather data and climate forecasts not available then can be factored into risk analysis now to ensure the plants remain resilient in a changing climate.

SNC-Lavalin subsidiary Candu Energy recently announced that it is engaged in pre-project design and engineering work at the Qinshan Phase III nuclear power station in China’s Zhejiang Province with Third Qinshan Nuclear Power Company (TQNPC), the plant’s operator.

By all accounts the most productive nuclear power plant in British history, Somerset’s Hinkley Point B station closed for good on August 1, with the shutdown of its B1 unit, a 485-MWe advanced gas-cooled reactor. (The plant’s B2 unit, a 480-MWe AGR, was shuttered early last month.)

The station employed around 500 staff and 250 contractors and contributed approximately £40 million (about $48.7 million) per year to the Somerset economy, according to EDF Energy, owner and operator of the United Kingdom’s power reactor fleet.

Steven Arndt
president@ans.org

At the June ANS Annual Meeting in Anaheim, Calif., our Executive Director/CEO Craig Piercy used an interesting acronym: he said, “This meeting is so exciting we are going to give nuclear professionals FOMO with respect to ANS meetings going forward.” The term “fear of missing out” was common a few years ago, but I had not heard it recently. So when Craig used it, it really caught my attention. Craig was, of course, correct that the Annual Meeting was great: technically interesting, productive, and great fun, as well. It provided a wonderful opportunity to learn, network, and advance both academic and business goals. However, in thinking about this phrase I realized that in a lot of ways, getting people to realize how important nuclear science and technology is for making the world better is a lot like trying to get people to understand that they are truly missing out.

Energy Secretary Jennifer Granholm visited Idaho National Laboratory on August 3 to meet with INL staff, including director John Wagner, as she toured key research facilities on INL’s 890-square-mile site and the lab’s campus in Idaho Falls.