Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction have signed an agreement to “jointly participate in global AP1000 plant opportunities,” the Pennsylvania-based nuclear technology firm announced on May 24.

“Keeping Illinois nuclear plants open is saving some customers $237 a year on average,” reads the headline of a recent CNBC article about the Climate and Equitable Jobs Act, which was passed by the Illinois legislature and signed into law by Gov. J.B. Pritzker in September 2021. The legislation includes a provision to keep Illinois nuclear power plants open to meet the state’s clean energy goals, even if the facilities are not profitable.

“What if I told you that scientists had figured out a way to produce affordable electricity that was 99 percent safer and cleaner than coal or oil, and that this breakthrough produced even fewer emissions per gigawatt-hour than solar or wind?” That’s the question that Derek Thompson, a staff writer at The Atlantic, asks in his article, "The Forgotten Stage of Human Progress," before revealing, “The breakthrough I’m talking about is 70 years old: It’s nuclear power.”

Craig Piercy
cpiercy@ans.org

Laurence J. Peter, author of The Peter Principle, said, “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” By that definition, I guess we are all economists now.

As I write this column, it’s still too early to know exactly how the Russian invasion of Ukraine, and the world’s response to it, will shape the long-term economics of energy production, and specifically the economics of nuclear energy. But we can make a few logical guesses.

First, I think we will see a stronger security “overlay” to every energy policy decision we make in the next few years. Energy security is a potent motivator. France’s decision to go nuclear wasn’t a decarbonization play; it was a direct result of the Arab oil embargo of 1973, when most of its electricity was generated by oil-fired power plants.

Statement from American Nuclear Society President Steven Nesbit and Executive Director and CEO Craig Piercy:

Notwithstanding the snubbing of nuclear in its recently released Green Bond Framework, the Canadian government is showing support for small modular reactors in its 2022 budget plan, which was presented to the House of Commons by the minister of finance, Chrystia Freeland, on April 7.

According to the Canadian Nuclear Association, “This is the first documented government policy that provides explicit financial support for SMRs as a key solution for climate change.”

From left: Kalev Kallemets, chief executive officer of Fermi Energia, and James Lauritsen, managing director of Laurentis Energy Partners. (Photo: Fermi Energia)

Laurentis Energy Partners will work with Fermi Energia to support the development of small modular reactors in Estonia, the companies announced yesterday at the 2022 Canadian Nuclear Association Conference being held in Ottawa, Ontario.

A subsidiary of Ontario Power Generation (OPG), Laurentis bills itself as a provider of SMR services throughout the development life cycle, from feasibility and planning through construction, commissioning, and operations. Fermi Energia is an Estonian energy company focused on SMR development and deployment.

What they’re saying: “Building on our owner’s engineer and nuclear management experience, Laurentis is pleased to work with Fermi Energia to provide an opportunity for Estonia to confidently introduce SMRs into their energy mix,” stated Jason Van Wart, vice president of Laurentis.

Unit 2 at the United Arab Emirates’ Barakah nuclear power plant has entered commercial operation, Emirates Nuclear Energy Corporation (ENEC) announced on March 24. Unit 2 adds an additional 1,400 MW of zero-carbon emission electricity to the UAE’s national grid, bringing the total amount of electricity produced at Barakah to 2,800 MW.

The United States and the Philippines recently signed a memorandum of understanding on strategic civil nuclear cooperation to help boost the development of the latter’s nuclear energy program.

The Canadian government has announced an investment of C$27.2 million (about $21.6 million) in Westinghouse Electric Canada to support the development of the company’s eVinci microreactor technology.

François-Philippe Champagne, Canada’s minister of Innovation, Science, and Industry, made the announcement on March 17 during a visit to the company’s Burlington, Ontario, facility.

The combined Michigan and Ohio Section of the American Nuclear Society (ANS) urged Michigan Gov. Gretchen Whitmer and state lawmakers in a letter to reconsider the premature closure of the carbon-free Palisades nuclear power plant in May.

Europeans are taking resolute steps to reduce their output of climate-changing gases, but some countries are moving in the wrong direction.

Many countries are adding solar and wind, which are low-carbon energy sources. Some have moved to biomass, the value of which as a climate cure is not clear. A few are adding reactors, while others are defining nuclear as dirty energy and natural gas as “clean” and are changing their generation mix accordingly.

Imagine life without refrigeration, television, clean cooking facilities, clean water, clothes washers, and electric lights. For the roughly 1 billion people around the world without access to electricity, energy poverty is a reality that drastically reduces their quality of life and economic opportunities.

At the same time, fossil fuels currently provide more than 60 percent of electricity and about 80 percent of energy worldwide, even as global carbon dioxide levels are higher than at any point in at least the past 800,000 years.

The Tennessee Valley Authority and Oak Ridge National Laboratory have signed a memorandum of understanding to advance decarbonization technologies in pursuit of the federal government’s net-zero-by-2050 goal, the utility and the lab announced yesterday in a joint press release.

The Tennessee Valley Authority’s board of directors has given the go-ahead for a program that will explore the development and potential deployment of small modular reactors as part of the utility’s decarbonization strategy.

Designing a reactor is complicated but building one may be harder. Even companies that have had lots of practice haven’t always done it well. And all the power reactors in service today were built by companies that had years of experience in other kinds of big steam-electric power plants. In contrast, some of the creative new designs now moving toward commercialization come from start-ups that have never built anything at all. How should they prepare?

In a wide-ranging “program statement” laying out its policy priorities, the Czech Republic’s new, center-right government has endorsed nuclear energy and renewables and called for power generation from coal to be phased out by 2033.

The final version of the statement was released on January 7 by the five-party coalition government, sworn into office last month and led by Prime Minister Petr Fiala, head of the Civic Democratic Party.

As 2021 closes, Nuclear News is taking a look back at some of the feature articles published each month in the magazine. The May issue reviewed the economics of nuclear power and provided some great articles on nuclear power plant capacity factors, advanced reactor markets, the economic consequences of plant closures, plant closures as an opportunity for industry engagement with local communities, and the article below that looks at why the electricity markets are failing nuclear power plants.

The Biden administration has a goal to decarbonize the U.S. electricity sector by 2035.¹ Achieving this goal would require a massive nuclear power build program. The U.S. nuclear power industry’s size and historical success signal that we are in a good position to do this, but at present, the U.S. nuclear fleet is shrinking. Why is this so, and what can be done to turn the trend around?

In its latest show of interest in Central and Eastern European markets, Portland, Ore.–based NuScale Power has signed a memorandum of understanding with Kazakhstan Nuclear Power Plants LLP (KNPP) to explore the deployment of NuScale’s small modular reactor plants—recently christened VOYGR—in Kazakhstan.