The 2015 CSX Transportation crude oil train derailment and fire in Mount Carbon, W. Va. (Photo: CPO Angie Vallier/U.S. Coast Guard)
We all know that nuclear energy is the best energy source available—the safest and most reliable with the lowest life-cycle carbon footprint and the lowest environmental impact of any source, according to the latest UN report (unece.org/sites/default/files/2021-11/LCA_final.pdf).
Francesco Venneri (left), USNC CEO, and Hyeon Sung Hong, Hyundai Engineering CEO, at a framework agreement signing for MMR project development and deployment.
Representatives of Ultra Safe Nuclear Corporation (USNC) of Seattle, Wash., and Hyundai Engineering of Seoul, South Korea, traveled last week between USNC project sites in Oak Ridge, Tenn., and Ontario, Canada, to sign two agreements extending their collaboration on the deployment of USNC’s high-temperature, gas-cooled Micro Modular Reactor (MMR). The agreements expand on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June, and follow the closure earlier this month of a previously announced $30 million equity investment after its review by the U.S. Treasury Department’s Committee on Foreign Investment in the United States.
Research being done at INL’s Energy Systems Laboratory is providing information on how nuclear power plants can contribute to effective energy storage and discharge, to aid in arbitrage. (Photo: INL)
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?
Artist’s rendering of the MMR project. (Image: USNC)
Global First Power’s (GFP) Micro Modular Reactor (MMR) project has moved to the formal license review phase with the Canadian Nuclear Safety Commission (CNSC), becoming the first small modular reactor to do so.