Industry


Westinghouse, Fortum to study SMRs in Finland, Sweden

June 8, 2023, 9:30AMNuclear News

Representatives of Westinghouse and Fortum sign MOUs in Helsinki, Finland, on June 7. From left are Laurent Leveugle, vice president of new nuclear at Fortum; Petra Lundström, executive vice president of nuclear generation at Fortum; Elias Gedeon, senior vice president of commercial operations at Westinghouse; and Roman Romanowski, vice president of new plant market development at Westinghouse. (Photo: Westinghouse).

Looking to add Finland and Sweden to its growing list of potential reactor customers in Europe, Westinghouse Electric Company on June 7 announced the signing of memoranda of understanding with Finnish state-owned energy company Fortum—operator of the two-unit Loviisa nuclear plant—to explore the possibilities of developing and deploying AP1000 and AP300 reactor projects in the two Nordic nations. The MOUs, according to Westinghouse, establish a framework of collaboration for detailed technical and commercial discussions.

OPG to collaborate further with Polish firm on SMR deployment in Europe

June 7, 2023, 3:00PMNuclear News
Officials gather after OPG and OSGE signed a letter of intent on SMR deployment in Europe on June 2. (Photo: OSGE)

Ontario Power Generation—owner and operator of Canada’s Darlington and Pickering nuclear plants—and Poland’s ORLEN Synthos Green Energy (OSGE) have signed a letter of intent (LOI) that builds on the companies’ existing cooperation on the deployment of small modular reactors in Europe, OPG announced last week.

Evolving finance structures drive new joint ventures for SMRs

June 7, 2023, 12:00PMNuclear NewsAndrew Paterson

Andrew Paterson

Having worked at the U.S. Department of Energy for a decade (1997–2007) and across the energy sector on the Environmental Business International board for 30 years, I have witnessed firsthand the widely shared opinion that the “next big thing” in nuclear will be small modular reactors for urban centers and to provide both heat and power for a variety of energy-intensive sectors. To meet the decarbonization demands of these urban centers, the current energy landscape is pushing many countries away from a “renewables-only” strategy. For example, the German Energiewende (or “energy turnaround”) formally started around 2000 under then chancellor Gerhard Schroeder to phase out nuclear toward mostly renewables (with natural gas backup imported from Russia). As demonstrated by the 2022 gas supply shock and price spikes, Germany created its own nightmare: They now suffer the highest energy prices in Europe, have an unstable grid, and are forced to use more coal.

From the pages of Nuclear News: Industry update

June 6, 2023, 9:35AMNuclear News

Here is a recap of industry happenings over the past month:

ADVANCED REACTOR MARKETPLACE

Partnership formed to study X-energy’s SMR in commercial conditions

X-energy and Kinectrics have launched a partnership to design, build, and operate a commercial-scale test facility to study the performance of the Xe-100 advanced small modular reactor in helium--based high-temperature, high--pressure operating conditions. The test facility, the site for which is to be announced sometime this summer, may be completed and operational by 2025.

Framatome extends partnership with Slovakia’s nuclear operator

June 6, 2023, 7:00AMNuclear News
From left, Framatome’s CEO Bernard Fontana shakes hands with Slovenské Elektrárne’s CEO Branislav Strýček following the signing of an MOU. Also pictured is first vice chairman of Slovenské Elektrárne’s board of directors, Michele Bologna.

Slovakia’s Slovenské Elektrárne—operator of the nation’s two nuclear power plants, Bohunice and Mochovce—and France’s Framatome have signed a memorandum of understanding for the development of a global strategic relationship, the companies announced last week.

DOE grant leads to new AMS maintenance project

June 5, 2023, 7:00AMANS Nuclear Cafe

Analysis and Measurement Services Corporation (AMS) has been awarded $500,000 from the Department of Energy for a yearlong project to develop an industry blueprint that should reduce outage times and maintenance costs at nuclear power plants. The project is set to start later this year.

NEI defends eligibility of existing nuclear for clean hydrogen tax credits

May 26, 2023, 7:00AMANS Nuclear Cafe

The Nuclear Energy Institute—along with Constellation, Energy Harbor, PSEG, and Vistra—submitted a 19-page letter on May 24 to the Treasury Department and Internal Revenue Service, taking issue with April 10 comments to those agencies from the Clean Air Task Force (CATF) and Natural Resources Defense Council (NRDC) concerning the Inflation Reduction Act’s clean hydrogen production tax credit (Internal Revenue Code sec. 45V). (The Treasury and the IRS released a notice last November requesting public input on the credit’s implementation.)

The indispensable value of a P.E. license for entrepreneurs

May 24, 2023, 3:00PMANS NewsArielle Miller

Arielle Miller

In the world of engineering, obtaining a Professional Engineering (P.E.) license is often seen as a significant milestone. The journey toward earning this esteemed credential can be arduous and time-consuming, involving rigorous exams, licensing applications, and recommendations from licensed professionals. However, many young engineers question the practicality of obtaining a P.E. license, especially when starting their own business. This article explores the importance of having a P.E. license when venturing into entrepreneurship and how it can benefit engineers in their professional journey.

For aspiring entrepreneurs in engineering, acquiring a P.E. license early in their careers can be a strategic move. Working for an established company allows young engineers to take advantage of opportunities like employer-funded preparation courses and financial assistance for licensing and exam fees. By investing time and effort into obtaining a P.E. license during the early-career stage, engineers position themselves for future success in their entrepreneurial endeavors.

Granholm talks nuclear and other energy issues with WSJ

May 22, 2023, 9:31AMANS Nuclear Cafe

Granholm

Secretary of energy Jennifer Granholm recently discussed the future of clean energy with Christopher M. Matthews, the U.S. energy editor for the Wall Street Journal. The May 15 live Q&A focused on Granholm’s perspective on the Biden administration’s policies for decarbonization and energy security. Granholm, who mentioned nuclear briefly at beginning of her remarks, returned to the issue at the end of the half-hour interview. In her answer to Matthews’s question, she addressed nuclear industry incentives, safety and waste concerns, next-generation technologies, and fusion.

Fossil fuels? Matthews opened the discussion by noting President Biden’s signing of the Inflation Reduction Act (IRA) last year, allocating “billions of dollars in tax credits and federal loans to boost green energy, including electric vehicles, hydrogen production, and more.” He added, “At the same time, the administration has called on oil and gas producers to increase drilling to slow inflation and to tamp down energy prices.”

Introducing the new online Buyers Guide database

May 16, 2023, 3:00PMNuclear News

The American Nuclear Society introduced its online Buyers Guide database earlier this month, timing the release to coincide with the delivery of the 2023 print edition of that publication. The fully searchable database includes content published in both the Nuclear News and Radwaste Solutions annual directories and is available to all ANS members. Users can search through over 600 records to find the right company, partner, or people to keep the nuclear fleet operating. Companies are catalogued and cross-referenced under thousands of nuclear-related categories, products, and services to match any need.

Reuters: India’s nuclear industry may seek foreign investment

May 15, 2023, 12:00PMANS Nuclear Cafe
An Indian postage stamp commemorating the country’s first nuclear reactor at Trombay. (Source: Government of India)

Reuters has reported that India is considering the recommendation of a government panel to overturn the nation’s ban on foreign investment in the domestic nuclear energy industry. The panel—established by think tank Niti Aayog, which is headed by Indian prime minister Narendra Modi—also recommended that policies be revised to allow for greater participation by private Indian companies in the nuclear energy industry, which is currently dominated by the Nuclear Power Corporation of India and Bharatiya Nabhikiya Vidyut Nigam, both of which are wholly owned by the government of India. The panel made these recommendations, according to Reuters, so that “both domestic and foreign private companies can complement nuclear power generation by public companies.”

Helion inks fusion energy purchase agreement with Microsoft

May 10, 2023, 3:00PMNuclear News
Image: Helion

Helion Energy, based in Everett, Wash., today announced an agreement to use its first fusion power plant to provide electricity to Microsoft. Constellation, which operates 21 commercial nuclear reactors in the United States, will serve as the power marketer and will manage transmission for the project.

Promising nuclear technologies receive $22.1 million from DOE

May 10, 2023, 12:01PMNuclear News

The Department of Energy yesterday announced the awarding of $22.1 million to 10 industry-led nuclear projects, including two aimed at expanding clean hydrogen production and one at advancing a microreactor design. Other projects selected for funding are focused on addressing nuclear regulatory hurdles, improving existing reactor operation, and facilitating new advanced reactor developments.

Abstracts for all 10 projects can be found here.

Great Lakes hydrogen hub applies for DOE funding

May 9, 2023, 12:00PMNuclear News
The Davis-Besse nuclear power plant. (Photo: NRC)

The Great Lakes Clean Hydrogen Hub coalition (GLCH) has submitted an application for funding from the $8 billion Department of Energy program authorized by the Bipartisan Infrastructure Law to support the creation of regional clean hydrogen hubs, nuclear plant owner/operator Energy Harbor announced on May 2.

Holtec deepens relationship with South Korea for SMR deployment

May 4, 2023, 12:01PMNuclear News
From left: Hyundai E&C president and CEO Young-joon Yoon, Holtec president and CEO Kris Singh, South Korean minister of trade, industry and energy Chang-yang Lee, and K-Sure president and chairman Inho Lee. (Photo: Holtec)

Two South Korean financial institutions—the Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM)—have signed pacts with Holtec International and Hyundai Engineering & Construction (a Hyundai Motor Group subsidiary) to provide support to Holtec’s SMR-160 projects around the world, the American firm announced on May 2.

Jacobs awarded ITER diagnostics and maintenance contract

May 1, 2023, 7:00AMNuclear News
Inside the ITER tokamak assembly hall. (Photo: ITER Organization)

The engineering company Jacobs announced last week that it has been awarded a four-year contract to design and engineer remotely operated tools for the ITER fusion project in southern France. The contract, which includes a possible two-year extension, covers work on up to 25 diagnostic ports and systems used for operating and sustaining the ITER experimental machine, which is currently under construction.

U.S. firms expand collaboration with Korea on advanced reactors

April 27, 2023, 3:00PMNuclear News

NuScale Power and TerraPower both signed agreements earlier this week with South Korean entities to support development of the American firms’ respective reactor technologies.

Consortium for CMSR-based floating nuclear plants debuts

April 27, 2023, 9:30AMUpdated April 27, 2023, 9:30AMNuclear News
At table, from left: Navid Samandari, chief executive officer of Seaborg Technologies; Jooho Whang, CEO of KHNP; and Jintaek Jeong, CEO of Samsung Heavy Industries. (Photo: Seaborg Technologies)

Denmark-based Seaborg Technologies, developer of the compact molten salt reactor (CMSR), has teamed with two South Korean firms—shipbuilder Samsung Heavy Industries (SHI) and nuclear plant owner and operator Korea Hydro & Nuclear Power (KHNP)—to form a consortium for the development of floating nuclear plants featuring the CMSR. The consortium agreement was signed in Seoul on April 20.

Holtec inks agreement for up to 20 SMRs in Ukraine

April 25, 2023, 3:00PMNuclear News
Kris Singh (front left), Holtec International president and chief executive officer, signs the cooperation agreement between Holtec and Ukraine’s Energoatom, alongside other Holtec officials. (Photo: Holtec)

Small modular reactor developer Holtec International and Energoatom, Ukraine’s nuclear plant operator, signed a cooperation agreement last Friday that envisions the construction of up to 20 of the American firm’s SMR-160 units in Ukraine, with grid connection for the pilot project achieved by March 2029. In addition, the agreement calls for building a Ukrainian manufacturing facility to localize the production of equipment required for SMR-160 construction.