Craig Piercy
cpiercy@ans.org

This month’s issue of Nuclear News focuses on the role of probabilistic methods in assessing and mitigating the risk of adverse events at nuclear plants and facilities. It’s a timely topic as we move to launch a new generation of nuclear technologies, but it is only half of a larger question that is universal to the human condition: Are the rewards of a particular thing worth its attendant risks?

Nuclear engineers use hard technical terms like “probabilistic risk assessment” and “core damage frequency,” but other industries have much more colorful ways of describing the holistic risk-reward construct in their world. In finance, it’s known simply as “alpha.” A zero alpha investment suggests that its returns are commensurate with the associated risks. Negative alphas get pushed to the curb, and “high alpha” deals get Wall Street hedge fund managers their house in the Hamptons.

The House Committee on Appropriations last week approved an Energy and Water Development funding bill for fiscal year 2022 that provides an 11 percent increase for the Department of Energy’s Office of Nuclear Energy.

Reported favorably out of committee on July 16 via a party-line vote of 33 to 24, the House bill sports a total price tag of $53.2 billion, an increase of $1.5 billion from the FY 2021 enacted level. (The committee’s official report on appropriations for the next fiscal year can be found here.)

The American Nuclear Society sent a letter this morning to the chairman and the ranking member of the House Foreign Affairs Committee, urging them to oppose any amendments to H.R. 3524, the Ensuring American Global Leadership and Engagement Act, that would disallow U.S. cooperation with China in the field of civil nuclear energy.

The bill, introduced on May 25 by the Foreign Affairs Committee chairman, Rep. Gregory Meeks (D., N.Y.), was scheduled for markup by the committee this afternoon at 1:00 (EDT).

As more than 1,500 meeting attendees were partaking in technical sessions during the 2021 ANS Virtual Annual Meeting, the American Nuclear Society launched a new policy engagement initiative aimed at drawing support for a segment of the Biden administration’s FY 2022 budget request. The initiative, kicked off today by an email to ANS members, urged the members to send letters to their congressional representatives asking for support of advanced nuclear research and development funding.

The theme of the 2021 ANS Virtual Annual Meeting—Breaking Through to Deployment—is a theme of action. It can take substantial momentum, shrewdly applied, to break through barriers.

Dunzik-Gougar

Piercy

The scheduled premature shutdown of Indian Point-3 will all but guarantee a massive increase in fossil fuel use, according to an op-ed written by American Nuclear Society President Mary Lou Dunzik-Gougar and Executive Director/CEO Craig Piercy that was published in the New York Daily News on November 30.

Indian Point-3 is slated to be shut down in April 2021, four years before its operating license expires.

Clockwise from top left are Craig Piercy, Ray Furstenau, Tom O’Connor, Sean McDeavitt, Tara Neider, and Judi Greenwald.

The Versatile Test Reactor’s conceptual design was approved in September, and a draft environmental impact statement could be released within the week. The completion of more project milestones leading to operation in 2026, however, will depend on congressional appropriations. An expert panel described the need for a state-of-the-art test reactor and the value that the VTR could bring to the U.S. nuclear R&D community over its 60-year lifetime during a recent webinar—“Advanced U.S. Nuclear Research and Development: A Briefing and Discussion on the VTR”—hosted by Idaho National Laboratory.

Craig Piercy, ANS executive director/CEO, moderated the webinar, introducing a project update from VTR executive director Kemal Pasamehmetoglu and facilitating a Q&A session with representatives of the Nuclear Regulatory Commission, the Department of Energy, universities, reactor developers, and the Nuclear Innovation Alliance. A recording of the October 29 webinar is available online. INL also has a video and information online on the VTR.

“I think that the VTR represents part of a larger effort to modernize our infrastructure, develop a new set of technologies, and really preserve our global leadership in the field,” said Piercy. Read on to learn more about the promise the VTR holds for the nuclear community.

Craig Piercy

Originally published in the August 2020 issue of Nuclear News.

Dear reader:

Let’s face it. The U.S. nuclear manufacturing and supply chain is not what it once was. In the 1960s and ’70s, America was the dominant player in the global nuclear industry. Under the auspices of Atoms for Peace, U.S. companies successfully provided reactor systems and associated services to countries across the world and held significant sway over the course of future nuclear development in the international arena. America was at the top of its nuclear game.

Craig Piercy

Originally published in the July 2020 issue of Nuclear News.

Dear reader:

Welcome to the inaugural edition of the new Nuclear News! What you are seeing is truly the product of a team effort, led by our Director of Publications John Fabian and veteran Editor-in-Chief Rick Mi­chal, to fundamentally reimagine the way we bring you news and insights from the wide world of nu­clear science and technology. Nuclear News has always been the flagship publication of the American Nuclear Society, but in recent decades our visual format has gotten a little, well . . . long in the tooth.