The Department of Energy has announced a competitive funding opportunity of up to $13 million to help first movers defray the licensing costs of bringing advanced nuclear reactors to market.
Nuclear energy produces about 9 percent of the world’s electricity and 19 percent of the electricity in the United States, which has 94 operating commercial nuclear reactors with a capacity of just under 97 gigawatts-electric. Each reactor replaces a portion of its nuclear fuel every 18 to 24 months. Once removed from the reactor, this spent (or used) nuclear fuel (SNF or UNF) is stored in a spent fuel pool (SFP) for a few years then transferred to dry storage.
Another calendar year has passed. Before heading too far into 2025, let’s look back at what happened in 2024 in the nuclear community. In today's post, compiled from Nuclear News and Nuclear Newswire are what we feel are the top nuclear news stories from October through December 2024.
Advanced nuclear reactor company Last Energy joined with two Republican state attorneys general in a lawsuit against the Nuclear Regulatory Commission, arguing that some microreactors should not require the commission’s approval.
The media have gleefully resurrected the language of a past nuclear renaissance. Beyond the hype and PR, many people in the nuclear community are taking a more measured view of conditions that could lead to new construction: data center demand, the proliferation of new reactor designs and start-ups, and the sudden ascendance of nuclear energy as the power source everyone wants—or wants to talk about.
Once built, large nuclear reactors can provide clean power for at least 80 years—outlasting 10 to 20 presidential administrations. Smaller reactors can provide heat and power outputs tailored to an end user’s needs. With all the new attention, are we any closer to getting past persistent supply chain and workforce issues and building these new plants? And what will the election of Donald Trump to a second term as president mean for nuclear?
As usual, there are more questions than answers, and most come down to money. Several developers are engaging with the Nuclear Regulatory Commission or have already applied for a license, certification, or permit. But designs without paying customers won’t get built. So where are the customers, and what will it take for them to commit?
The American Nuclear Society’s Diversity and Inclusion in ANS (DIA) Committee hosted a workshop social at the 2024 Winter Conference & Expo in November that brought dozens of attendees together for an engaging—and educational—twist on the game show Family Feud.
Another calendar year has passed. Before heading too far into 2025, let’s look back at what happened in 2024 in the nuclear community. In today's post, compiled from Nuclear News and Nuclear Newswire are what we feel are the top nuclear news stories from July through September 2024.
Stay tuned for the top stories from the rest of the past year.
Marzano
Matthew Marzano became the newest member of the Nuclear Regulatory Commission when he was officially sworn into office by chair Christopher Hanson this week.
The nuclear engineer and former reactor operator was confirmed last month in a 50–45 vote in the U.S. Senate. Last July, President Biden nominated Marzano to serve on the commission, which is tasked with formulating policies, developing regulations, issuing orders, and resolving legal matters.
Marzano’s term expires June 30, 2028.
The potential application of artificial intelligence to the operation of nuclear power plants is explored in an article published in late December in the Washington Examiner. The article, written by energy and environment reporter Callie Patteson, presents the views of a number of experts, including Yavuz Arik, a strategic energy consultant.
“SMRs present a viable opportunity for Indiana to transition to a cleaner, resilient, and diversified energy future. Successful deployment of SMR technology requires a careful balance of economic, regulatory and social considerations along with development of the technology.” Those are among the conclusions of a comprehensive study conducted on small modular reactors primarily by researchers at Purdue University and funded by the Indiana Office of Energy Development.
Another calendar year has passed. Before heading too far into 2025, let’s look back at what happened in 2024 in the nuclear community. In today's post, compiled from Nuclear News and Nuclear Newswire are what we feel are the top nuclear news stories from April through May 2024.
Stay tuned for the top stories from the rest of the past year.
The Department of Energy’s Gateway for Accelerated Innovation in Nuclear (GAIN) has awarded four fiscal year 2025 vouchers to support the development of advanced nuclear technologies. Each company will get access to specific capabilities and expertise in the DOE’s national laboratory complex—in this round of awards both Idaho National Laboratory and Pacific Northwest National Laboratory are named—and will be responsible for a minimum 20 percent cost share, which can be an in-kind contribution.
Nuclear manufacturer BWX Technologies has announced its plan to acquire Kinectrics Inc. for approximately $525 million. The deal is expected to close in mid-2025.
Here is a recap of industry happenings from the recent past:
DOE signs up first foreign partner for ARPA-E project
The Department of Energy has selected Finland’s VTT Technical Research Centre as the first-ever foreign partner to join an Advanced Research Projects Agency-Energy (ARPA-E) research project. The program is designed to accelerate the commercial development of fusion energy, with a focus on developing materials for the fusion reactor wall that can withstand extreme temperatures and radiation.
Another calendar year has passed. Before heading too far into 2025, let’s look back at what happened in 2024 in the nuclear community. In today's post, compiled from Nuclear News and Nuclear Newswire are what we feel are the top nuclear news stories from January through March 2024. Some images below are of the covers of Nuclear News for the months as noted.
Stay tuned for the top stories from the rest of the past year.
The uranium market closed out 2024 with a spot price of $72.63 per pound and a long-term price of $80.50 per pound, according to global uranium provider Cameco.
The Nuclear Regulatory Commission is hosting a hybrid public meeting with Holtec next week to discuss plans for needed repairs at Michigan’s Palisades nuclear plant before bringing the unit back on line.
The Department of Energy has agreed to hold a 30-day review and comment period on a draft environmental analysis associated with a proposed plan for retrieving, grouting, and transporting some of Hanford’s low-activity tank waste for out-of-state disposal.
U.S. General Services Administration seeks protection from future energy price hikes
The U.S. General Services Administration has announced a historic long-term purchase of electricity, including carbon-free electricity, from Constellation New Energy Inc. to power 13 federal agencies. In combination with another GSA contract, Constellation secured more than $1 billion from the deal.
The Nuclear Regulatory Commission has renewed for a second time the operating license for Unit 1 of Minnesota’s Monticello nuclear power plant.