Startup company Last Energy has announced power purchase agreements for 34 units of its 20-MWe nuclear power plants with four industrial partners in Poland and the United Kingdom. In total, according to the company, the deals represent more than $18.9 billion in electricity sales.
Interest in reducing carbon emissions around the world continues to climb. As a complement to the increasing deployment of variably generating renewables, advanced nuclear is commonly shown in net-zero grid modeling for 2050 because it represents firm electricity production that can flex in output with load demands.1 However, these projections are challenged by the high levelized cost of electricity associated with legacy nuclear construction, which is often more than double that of modern combined-cycle gas turbine (CCGT) plants.
Finnish energy company Fennovoima has terminated, effective immediately, its engineering, procurement, and construction (EPC) contract with RAOS Project Oy, a subsidiary of Russia’s Rosatom, for the delivery of a 1,200-MWe VVER-1200 pressurized water reactor at the Hanhikivi site in Finland’s Pyhäjoki municipality.
The 1,250-ton cryostat base is positioned over the ITER tokamak pit for installation. The base is the heaviest lift of the tokamak assembly. Photo: ITER
ITER, the world’s largest international scientific collaboration, is beginning the assembly of the fusion reactor tokamak that will include 12 essential hardware systems provided by US ITER, which is managed by Oak Ridge National Laboratory. The first major machine element to be installed is the 1,250-ton base of the cryostat, which was placed into the tokamak assembly pit on May 26. ITER is located in southeastern France.
Battelle Energy Alliance, the managing and operating contractor for Idaho National Laboratory, is seeking an expression of interest (EOI) from industry stakeholders interested in forming a partnership to develop and/or demonstrate advanced construction technologies and processes. The effort would be executed as an initiative of the National Reactor Innovation Center (NRIC) at INL. Battelle announced the EOI on April 17, with a deadline for responses of May 16.