MHI picked to lead development of Japanese fast reactor

July 25, 2023, 7:02AMNuclear News

Concept art of a tank type sodium-cooled fast reactor. (Image: MHI)

The Japanese government has chosen Mitsubishi Heavy Industries (MHI) to head up the conceptual design and research and development of a demonstration sodium-cooled fast reactor, the Tokyo-based engineering firm announced recently.

MHI is to oversee the work in partnership with Mitsubishi FBR Systems Inc. (MFBR), an MHI Group engineering company established in 2007 to develop and design fast breeder reactors.

Conceptual design work is scheduled to commence in fiscal year 2024, with operation of the unit slated for the 2040s.

Reactor roadmap: According to MHI’s announcement, in the strategic roadmap for fast-reactor development adopted by the Japanese Cabinet in December 2018, a policy was defined to assess the efficacy of several types of technologies to be developed following a competition among private-sector companies. The roadmap was subsequently revised by the Cabinet in December 2022, at which time two decisions were made: (1) to select a sodium-cooled fast reactor as the target of the conceptual design of the demonstration unit and (2) to select a manufacturer to serve as the core company in charge of the reactor’s design and requisite R&D.

Plan for two additional Natrium units announced

April 7, 2023, 9:29AMNuclear News

Portland, Ore.–based PacifiCorp—owner of the soon-to-be-retired Wyoming coal plant selected in 2021 as the future site of TerraPower’s Natrium reactor demonstration project—has released its 2023 Integrated Resource Plan, which recommends the addition of two more Natrium units to the company’s generation resource mix by 2033.

TerraPower announces delay due to lack of fuel availability

December 19, 2022, 12:00PMNuclear News

TerraPower, the advanced nuclear company backed by Bill Gates, announced last week that the start date for its Natrium reactor has been pushed back. As Russia is currently the only commercial source of the high-assay low- enriched uranium (HALEU) the plant requires, the company faces a lack of fuel availability. TerraPower originally planned to use Russian fuel to get its demonstration reactor up and running by 2028, but Russia’s invasion of Ukraine has dashed those plans.

TerraPower, PacifiCorp to consider expansion of Natrium deployment

October 28, 2022, 7:00AMNuclear News
An artist’s rendering of Natrium. (Image: TerraPower)

Nuclear technology firm TerraPower and utility partner PacifiCorp have launched a study to evaluate the feasibility of deploying up to five additional Natrium reactor and integrated energy storage systems in the utility’s service territory by 2035, the companies announced yesterday. (PacifiCorp’s business units—Pacific Power and Rocky Mountain Power—serve customers in California, Oregon, and Washington, and in Idaho, Utah, and Wyoming, respectively.)

South Korean firms invest $250 million in TerraPower

August 16, 2022, 3:03PMNuclear News

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.

U.S. nuclear in spotlight at Senate hearing

March 26, 2021, 9:32AMNuclear News
Sen Joe Manchin gives his opening statement at the March 25 hearing.

The Senate Energy and Natural Resources Committee yesterday held a hearing to examine the latest developments in the U.S. nuclear energy sector, with a focus on ways to maintain and expand the use of nuclear in the United States and abroad.

Testifying before the committee were Jeffrey Lyash, president and chief executive officer of the Tennessee Valley Authority (TVA); Chris Levesque, president and CEO of TerraPower, Scott Melbye, president of Uranium Producers of America (UPA); Amy Roma, founding member of the Atlantic Council’s Nuclear Energy and National Security Coalition and a partner with the law firm Hogan Lovells; and J. Clay Sell, CEO of X-energy.