Investment banking on higher demand for SMR and large nuclear reactors
BWX Technologies announced today plans to expand and add advanced manufacturing equipment to its manufacturing plant in Cambridge, Ontario, Canada.
A $36.3 million USD ($50M CAD) expansion will increase the plant’s size by 25 percent—to 280,000 square feet—and another $21.7 million USD ($30M CAD) will be spent on new equipment to increase and accelerate its output of large nuclear components. The investment will increase capacity and create more than 200 long-term jobs for skilled workers, engineers, and support staff, according to the company.
Virtual option available
Palisades nuclear power plant. (Photo: NRECA)
Nuclear Regulatory Commission staff will host a public information meeting on Wednesday, April 17, to discuss plans for repowering the shuttered Palisades nuclear plant in Michigan.
A concept image of NASA’s Fission Surface Power Project. (Image: NASA)
Imagine what our world would be like today without the benefits of electric energy. Think of the inventions and technologies that never would have been. Think of a world without power grids and the electricity that makes them run. Without this power, we’d find it difficult to maintain our industrial and manufacturing bases or enable advancements in the fields of medicine, communications, and computing.
Now consider the moon, our closest celestial neighbor about which we still know so little, waiting for modern-day explorers in spacesuits to unveil its secrets. Lunar exploration and a future lunar economy require reliable, long-lasting, clean sources of power. Nuclear fission answers that call. When assessing the application of nuclear power in space, three Ps should be considered: the present, the potential, and the partnerships.
The Palisades nuclear power plant in Covert Township, Mich.
The Department of Energy’s Loan Programs Office (LPO) today announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration and resumption of service of the 800-MWe Palisades nuclear power plant in Covert Township, Mich.
Hitachi pulled out of plans for a nuclear project at Wylfa in 2020 (Image: Horizon Nuclear Power)
Great Britain announced last week that it will purchase land at two nuclear sites from Hitachi for £160 million ($203 million).
Chancellor Jeremy Hunt announced the deal for the sites—Wylfa in northern Wales and Oldbury-on-Severn in southwestern England—during the annual budget speech to Parliament. Under Hitachi’s ownership, the land was prepped for developing a pair of advanced boiling water reactor units, but those plans were suspended in 2019 due to economic constraints.
The OECD NEA workshop will be held at Chateau Laurier in Ottawa, Canada. (Image: OECD NEA)
The OECD Nuclear Energy Agency is hosting a workshop on the economics of small modular reactors in Ottawa, Canada, on February 27, 2024.
The workshop will be an in-person event, with no hybrid or virtual attendance option. There is no cost for the workshop, but attendees from relevant organizations will be prioritized due to room capacity.
Registration is required.
Some of the participants at the NEA Workshop on Extended Storage and Transportation of Spent Fuel and Radioactive Waste from Current and Future Reactor Technologies. (Photo: NEA)
A recent event co-organized by the Nuclear Energy Agency, the Electric Power Research Institute, and Holtec International brought together about 100 international experts for a workshop on spent fuel and radioactive waste.
Concept art of an ARC-100 plant. (Image: ARC)
Small modular reactor developer ARC Clean Technology, Canadian utility New Brunswick Power, and nuclear plant operator Korea Hydro & Nuclear Power have signed a memorandum of understanding to explore opportunities for commercializing ARC technology in Canada, South Korea, and the United States, as well as in other regions where KHNP has business operations.