From left, Shannon Bragg-Sitton, Paul Chodak, and Michael J. Guastella appear before the Senate Committee on Energy and Natural Resources on November 4.
As Congress awaited key votes yesterday on spending bills that include production tax credits for at-risk plants and a new amendment adding $500 million in supplemental funding over five years to increase the availability of high-assay low-enriched uranium (HALEU), the U.S. Senate Energy and Natural Resources Committee held a Full Committee Hearing On Potential Non-Electric Applications Of Civilian Nuclear Energy. Sen. Joe Manchin (D., W.V.), chairman of the committee, emphasized that “advanced nuclear reactors hold enormous potential to provide opportunity to communities across the country with zero-emission baseload power” and made it clear he expects new reactors to replace retiring coal plants in his home state of West Virginia.
Speaking before the committee were Shannon Bragg-Sitton of Idaho National Laboratory, Paul Chodak III of American Electric Power, and Michael J. Guastella of the Council of Radionuclides and Radiopharmaceuticals.
This June 2021 photo of ITER vacuum vessel sector #6 includes two panels of thermal shielding ready to slide into place. (Photo: ITER/Courtesy of Chang Hyun Noh)
Following a week of heightened attention to all things hydrogen preceding Hydrogen and Fuel Cell Day (October 8), Bernard Bigot, director general of the ITER Organization, published an op-ed on October 11 in The European Files, a magazine billed as an “effective work tool for European deciders.” Bigot’s article, “Hydrogen fusion: The way to a new energy future,” doubled as a fusion primer, promoting the technology as a future source of clean energy that is fueled by hydrogen and is capable of providing heat and power to produce more hydrogen.
May 21, 2021, 2:41PMNuclear NewsCharles Forsberg and Eric Ingersoll TerraPower and GE Hitachi Nuclear Energy jointly developed the sodium-cooled Natrium reactor with the turbine hall, nitrate heat storage tanks, and cooling towers separated from the reactor at the back of the site.
The viability of nuclear power ultimately depends on economics. Safety is a requirement, but it does not determine whether a reactor will be deployed. The most economical reactor maximizes revenue while minimizing costs. The lowest-cost reactor is not necessarily the most economical reactor. Different markets impose different requirements on reactors. If the capital cost of Reactor A is 50 percent more than Reactor B but has characteristics that double the revenue, the most economical reactor is Reactor A.
The most important factor is an efficient supply chain, including on-site construction practices. This is the basis for the low capital cost of light water reactors from China and South Korea. The design of the reactor can significantly affect capital cost through its impact on the supply chain. The question is, how can advanced reactors boost revenue and reduce costs?