U.S. nuclear technology company TerraPower announced yesterday the close of a $750 million equity raise—one of the largest advanced-nuclear investment drives to date, according to the announcement—with $250 million of that contributed by South Korean firms SK Inc. and SK Innovation.

Both firms are subsidiaries of the Seoul-based conglomerate SK Group, South Korea’s second-largest conglomerate, after Samsung Group.

After hours of debate alternating between Democratic praise for the Inflation Reduction Act (IRA) and Republican denunciation of it, the House of Representatives late Friday passed the sweeping energy, tax, and health care package in a straight party-line vote, 220–207. Its passage represents a significant win for President Biden, who is expected to sign the bill into law this week.

The boldly named $430 billion measure includes $369 billion in energy security and climate spending, with nuclear energy included among the beneficiaries.

ANS’s August 4 online event “The New Space Race is Going Nuclear” featured several expert panelists who discussed the growing importance of nuclear technologies in space commercialization and exploration. Although nuclear energy has long played a role in space missions, participants discussed the latest exciting developments in the space nuclear field and presented their views on how increased application of nuclear technologies could fundamentally transform the ways in which both crewed and uncrewed space missions are carried out.

The Tennessee Valley Authority and GE Hitachi Nuclear Energy (GEH) have signed an agreement to support planning and preliminary licensing for the potential deployment of a BWRX-300 small modular reactor at the Clinch River site near Oak Ridge, Tenn., the utility’s president and chief executive officer, Jeff Lyash, announced last week.

An evolution of GEH’s 1,520-MWe Generation III+ ESBWR design, the BWRX-300 is a 300-MWe water-cooled, natural-circulation SMR with passive safety systems.

Rockville, Md.–based X-energy announced yesterday that it has selected Zachry Group and a combined team from Burns & McDonnell and Day & Zimmermann to work with the company on the next phases of design and deployment for its Xe-100 small modular reactor fleet.

A Stanford University–led research article on small modular reactors published Tuesday in Proceedings of the National Academy of Sciences (PNAS) is not sitting well with SMR developers or, for that matter, with much of the largely pro-SMR nuclear community.

Battelle Energy Alliance (BEA), the management and operating contractor for Idaho National Laboratory, has signed a five-year memorandum of understanding with the State of Wyoming to collaborate on the research, development, demonstration, and deployment of advanced energy technologies and approaches, with a special focus on advanced nuclear.

China’s State Council recently approved the construction of four Westinghouse AP1000 reactors—two at China’s Sanmen plant in Zhejiang Province and two at the Haiyang plant in Shandong Province.

The plants currently house two AP1000 units each. Sanmen’s reactors are rated at 1,157 MWe and Haiyang’s at 1,170 MWe. Sanmen-1 and -2 began commercial operation in 2018. Haiyang-1 started commercial operation in 2018, and Haiyang-2 in 2019.

Upton

McMorris Rodgers

Rep. Cathy McMorris Rodgers (R., Wash.), ranking member of the House Energy and Commerce Committee, and Fred Upton (R., Mich.), ranking member of the Subcommittee on Energy, sent a letter to energy secretary Jennifer Granholm on April 27 urging that more be done to secure America’s nuclear energy sector.

Excerpt: “Russia’s invasion of Ukraine exposes the risks of weakening American energy security,” McMorris Rodgers and Upton write. “These risks extend beyond our oil and gas assets to include supply vulnerabilities in our civilian nuclear sector. This sector is essential for national and energy security and for strengthening the geostrategic relationships necessary to compete with Russia, China, and other adversaries.

Nuclear News reached out to the Nuclear Engineering Department Heads Organization (NEDHO) to ask for assistance in connecting with nuclear engineering programs at U.S. universities. Our request to the universities was to provide us with updates on their programs and to detail their areas of special interest.

The Nuclear Innovation Alliance (NIA), a nonprofit advocating for advanced nuclear, has announced the publication of a new report, Fission Vision: Doubling Nuclear Energy Production to Meet Clean Energy Needs. According to the April 13 announcement, the United States needs a “focused national effort” to develop and deploy advanced nuclear technologies to help meet midcentury climate goals.

Current U.S. climate targets (set by the Biden administration) include a 50–52 percent reduction from 2005 levels in net greenhouse gas pollution by 2030 and a net-zero–emissions economy by 2050.

“Fission Vision answers the question: What is the role advanced nuclear energy could play at a scale and at a pace to help provide safe, reliable, and affordable clean energy?” said Judi Greenwald, NIA’s executive director. “Fission Vision has three objectives: catalyzing a robust U.S. innovation and commercialization ecosystem, ensuring ‘social license’ to operate advanced nuclear energy, and reimagining and integrating advanced nuclear energy with other clean energy sources. If we can achieve these objectives—and we think we can—advanced reactors will play a major role in meeting our climate and energy goals by at least doubling U.S. nuclear energy production by 2050.”

From left: Bonnie Jenkins, the U.S. State Department’s undersecretary for arms control and international security, and Jānis Vitenbergs, Latvia’s economics minister. (Photo: U.S. State Department)

The U.S. and Latvian governments announced last week a new partnership under the Biden administration’s Foundational Infrastructure for Responsible Use of Small Modular Reactor Technology (FIRST) program.

Launched in April of last year, the FIRST program is designed to deepen strategic ties, support energy innovation, and advance technical collaboration with partner nations on nuclear energy infrastructure.

The U.S.-Latvia FIRST project, according to the State Department, will draw on expertise from across government, industry, national laboratories, and academia for policy and technical exchanges focused on topics such as workforce development, stakeholder engagement, regulatory development, and familiarization with advanced nuclear technologies—including SMRs—to support Latvia’s energy independence and security and climate priorities. Latvia currently has no nuclear power facilities.

What they’re saying: “We are pleased to be working with Latvia to explore what role advanced nuclear technologies can play in Latvia’s future energy mix,” said Bonnie Jenkins, the State Department’s undersecretary for arms control and international security. “The United States and Latvia share a commitment to energy security, combatting climate change, and nonproliferation. The FIRST program provides a framework for our countries to work together to achieve these goals.

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.

Justice

West Virginia Gov. Jim Justice signed a bill yesterday that repeals the state’s quarter-century-old ban on nuclear power plant construction. The legislation, S.B. 4, passed the West Virginia Senate and House of Delegates last month with no substantial opposition and will go into effect in May.

S.B. 4 rescinds article 27A of the West Virginia Code, which prohibited “the construction of any nuclear power plant, nuclear factory, or nuclear electric power generating plant until such time as the proponents of any such facility can adequately demonstrate that a functional and effective national facility, which safely, successfully, and permanently disposes of radioactive wastes, has been developed.” 27A also required nuclear facility construction to be economically feasible for West Virginia ratepayers and in compliance with all applicable environmental protection laws, rules, and requirements.

As 2021 closes, Nuclear News is taking a look back at some of the feature articles published each month in the magazine. The April issue reviewed the current state of advanced reactors. This article looks at how the DOE and private industry are working together to realize the benefits of advanced nuclear.

As electric utilities rush to reduce carbon emissions by investing in intermittent renewables such as wind and solar, they often rely heavily on fossil fuels to provide steady baseload power.

More than 60 percent of the nation’s electricity is still generated with fossil fuels, especially coal-fired and gas-fired power plants that have the ability to quickly ramp up or ramp down power to follow loads on the electric grid. Most experts agree that even with a radical advancement in energy storage technology, relying exclusively on wind and solar to replace fossil fuels won’t be enough to maintain a stable electric grid and avoid the major impacts of climate change.

President Biden is expected to sign the recently passed $1.2 billion bipartisan infrastructure bill, which provides support for both existing and advanced nuclear, on Monday. However, the fate of its legislative companion, the $1.75 trillion Build Back Better Act—the other major component in the president’s ambitious domestic agenda—is far from certain.

The Nuclear Innovation Alliance (NIA) has followed up its report, Advanced Nuclear Technology: A Primer, published last month, with the release of two new reports on the subject—one for policymakers, the other for investors.

For policymakers: According to the NIA, Advanced Nuclear Reactors for State Policymakers, in Brief provides an overview of enabling federal policies and looks at state options to incentivize local development of advanced reactors. In addition, the report features a series of “topical briefs” on the characteristics of advanced reactors with respect to safety, economic benefits, waste remediation, flexibility and dispatchability, and timing and development. The report also contains case studies of state-specific advanced nuclear projects such as the Natrium reactor demonstration project in Wyoming, Energy Northwest’s plans in Washington state, Utah Associated Municipal Power Systems’ consortium for the first light water small modular reactor, and the Nuclear Alternative Project in Puerto Rico.

The Breakthrough Institute, an environmental research center, last week sent a letter to congressional leaders arguing that advanced nuclear energy needs to be included in legislation proposing an expansion of federal tax credits for clean energy.