Finland’s Radiation and Nuclear Safety Authority (STUK) recently provided the country’s Ministry of Economic Affairs and Employment with a positive safety review of the Loviisa reactors, bringing the plant closer to an approval for operation to 2050.
Finnish energy companies Fortum and Helen Oy are initiating a study to explore collaboration on nuclear power projects, with particular emphasis on small modular reactors, the firms jointly announced last week, adding the caveat that “any future decisions on cooperation and investments will be made at a later stage.”
Released this week in the lead-up to November’s COP27 event in Egypt is a report from the United Nations Economic Commission for Europe, Carbon Neutrality in the UNECE Region: Technology Interplay under the Carbon Neutrality Concept, which calls for maximizing the use of all low- and zero-carbon technologies—including nuclear technology—to achieve net-zero carbon emissions by 2050.
Termed by the UNECE a “roadmap to carbon neutrality for Europe, North America, and Central Asia,” the 60-page report finds that to attain the net-zero goal, investment in energy as a percentage of gross domestic product needs to grow from 1.24 percent in 2020 to 2.05 percent every year from 2025 until 2050—translating to between $44.8 trillion and $47.3 trillion by 2050, with any additional delay in taking action adding to that price tag.
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.
Électricité de France has signed cooperation agreements with five Polish companies as it continues its efforts to be named the large-reactor supplier for Poland’s incipient nuclear power program.
Polish firms Polimex Mostostal, Sefako, Tele-Fonika Kable, Uniserv, and ZRE Katowice inked the pacts at the fifth Polish-French Nuclear Industry Day in Ołtarzew, Poland. According to EDF, the event was held to foster collaboration between Polish and French companies in support of the utility giant’s offer to deliver four to six EPRs for the Polish program.
From left: Kalev Kallemets, chief executive officer of Fermi Energia, and James Lauritsen, managing director of Laurentis Energy Partners. (Photo: Fermi Energia)
Laurentis Energy Partners will work with Fermi Energia to support the development of small modular reactors in Estonia, the companies announced yesterday at the 2022 Canadian Nuclear Association Conference being held in Ottawa, Ontario.
A subsidiary of Ontario Power Generation (OPG), Laurentis bills itself as a provider of SMR services throughout the development life cycle, from feasibility and planning through construction, commissioning, and operations. Fermi Energia is an Estonian energy company focused on SMR development and deployment.
What they’re saying: “Building on our owner’s engineer and nuclear management experience, Laurentis is pleased to work with Fermi Energia to provide an opportunity for Estonia to confidently introduce SMRs into their energy mix,” stated Jason Van Wart, vice president of Laurentis.
Fitterling
Nuclear power from small modular reactors should be a central part of the chemical industry’s drive toward achieving carbon neutrality, according to Jim Fitterling, chairman and chief executive officer of Dow Inc. Fitterling’s comments, delivered at the 2022 International Petrochemical Conference, hosted by American Fuel & Petrochemical Manufacturers and held March 27–29 in San Antonio, Texas, were reported by Independent Commodity Intelligence Services (ICIS).
Beyond renewables: The ICIS report noted that more than 25 percent of Dow’s manufacturing sites are fully or partially powered by renewable energy sources, including wind, solar, and hydropower. Nevertheless, Fitterling said, “We need a broader and more realistic approach to feed our energy needs. Renewables are great, and we’re a tremendous supporter . . . but renewables alone are not the answer.” He added that renewable power generation would have to increase 90 times to equal the energy that is currently provided by hydrocarbons in the United States.
The Fuqing nuclear plant’s Unit 6, one of two Chinese-designed and -developed Hualong One reactors at the site, has entered commercial operation, China National Nuclear Corporation (CNNC) announced on March 25. The milestone was reached some 14 months after the reactor’s twin, Fuqing-5, became the first Hualong One in the world to enter commercial operation.
Also known as the HPR1000, the Hualong One is a 1,000-MWe Generation III pressurized water reactor that incorporates design elements of CNNC’s ACP1000 and China General Nuclear Power Group’s ACPR1000+.
Finnish utility Fortum Power and Heat Oy has submitted an application to Finland’s Ministry of Economic Affairs and Employment to operate the two reactors at the Loviisa nuclear power plant through 2050. The current operating licenses for Loviisa-1 and -2 expire in 2027 and 2030, respectively.
In its latest show of interest in Central and Eastern European markets, Portland, Ore.–based NuScale Power has signed a memorandum of understanding with Kazakhstan Nuclear Power Plants LLP (KNPP) to explore the deployment of NuScale’s small modular reactor plants—recently christened VOYGR—in Kazakhstan.
Macron
In a televised address Tuesday evening, French president Emmanuel Macron announced his government’s intention to build new large nuclear reactors in France to address growing energy and environmental challenges.
“If we want to pay for our energy at reasonable rates and not depend on foreign countries, we must both continue to save energy and invest in the production of carbon-free energy on our soil,” said Macron. “This is why, to guarantee France’s energy independence, to guarantee our country’s electricity supply, and to reach our goals—notably carbon neutrality in 2050—we will for the first time in decades revive the construction of nuclear reactors in our country and continue to develop renewable energy. These investments will allow us to live up to our commitments. As we close COP26 in Glasgow, this is a strong message from France.”
Day three of the 2021 Utility Working Conference commenced early Tuesday morning with a plenary session featuring Rita Baranwal, the Electric Power Research Institute’s vice president of nuclear and chief nuclear officer, and Greg Cullen, Energy Northwest’s vice president for energy services and development.
Achieving global carbon neutrality by 2050—a pledge made by well over 100 countries so far, including Canada, the European Union, Japan, the United Kingdom, and the United States—will require investment in new nuclear capacity and the retention of existing nuclear generation, states an open letter released last Friday by the leaders of six prominent nuclear industry organizations.
Gorman
Desbazeille
Arai
Korsnick
Greatrex
Bilbao y Leon
The letter was signed by John Gorman, president and chief executive officer of the Canadian Nuclear Association; Yves Desbazeille, director general of FORATOM; Shiro Arai, president of the Japan Atomic Industrial Forum; Maria Korsnick, president and CEO of the Nuclear Energy Institute; John Greatrex, chief executive of the United Kingdom’s Nuclear Industry Association; and Sama Bilbao y León, director general of the World Nuclear Association.