LA GRANGE PARK, Ill. – The American Nuclear Society (ANS) President Steven Arndt and ANS CEO and Executive Director Craig Piercy issued the following statement on the Inflation Reduction Act of 2022:

Small modular reactor developer X-energy and materials science giant Dow this morning announced the signing of a letter of intent aimed at deploying X-energy’s Xe-100 reactor technology at one of Dow’s U.S. Gulf Coast facilities. The companies expect the SMR plant, which would provide power and process heat to the Dow facility, to be operational by approximately 2030.

Dow is the first manufacturer to declare its intention to develop SMR technology options and intends to take a minority equity stake in X-energy, according to the announcement.

News of the collaboration broke at the American Nuclear Society’s Utility Working Conference and Vendor Technology Expo, being held through August 10 at Marco Island, Fla.

The American Nuclear Society (ANS) President Steven Arndt and ANS CEO and Executive Director Craig Piercy issued the following statement on the Inflation Reduction Act of 2022:

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.

Steven Arndt
president@ans.org

At the June ANS Annual Meeting in Anaheim, Calif., our Executive Director/CEO Craig Piercy used an interesting acronym: he said, “This meeting is so exciting we are going to give nuclear professionals FOMO with respect to ANS meetings going forward.” The term “fear of missing out” was common a few years ago, but I had not heard it recently. So when Craig used it, it really caught my attention. Craig was, of course, correct that the Annual Meeting was great: technically interesting, productive, and great fun, as well. It provided a wonderful opportunity to learn, network, and advance both academic and business goals. However, in thinking about this phrase I realized that in a lot of ways, getting people to realize how important nuclear science and technology is for making the world better is a lot like trying to get people to understand that they are truly missing out.

The Nuclear Hydrogen Initiative (NHI), an international coalition of more than 40 participants, has launched with the mission of advancing the development of commercial hydrogen fuel generated by nuclear power “as a critical climate solution within a shared vision of a decarbonized global energy system.” The coalition plans to raise awareness among policymakers, businesses, investors, and other stakeholders regarding the promising role of nuclear hydrogen in delivering carbon-free, secure, and affordable energy.

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.

Ontario Power Generation has updated its Green Bond Framework to include nuclear energy in recognition of the role the technology stands to play in helping the company reach its decarbonization goals. (OPG’s climate change plan, established in 2020, commits the firm to achieving net-zero carbon emission status by 2040.)

The green bonds issued by the utility and its subsidiaries are used to finance and/or refinance certain energy projects and support the development of clean technologies.

As part of its strategy to achieve net-zero status by 2050, the Tennessee Valley Authority yesterday issued a request for proposals for supplying up to 5 GW of carbon-free energy that must be operational before 2029.

The state of California recently and quite sensibly cracked the door back open for continued operation of the Diablo Canyon nuclear power plant past the current operating license expiration dates in 2024 (Unit 1) and 2025 (Unit 2). The nonprofit North American Electric Reliability Corporation’s recently released 2022 Summer Reliability Assessment highlights the risk of electricity shortages in California. Given that concern, as well as the benefits of continued Diablo Canyon operation—including much needed clean, reliable energy; good jobs; and potential for large-scale production of fresh water—another look at the shutdown decision made several years ago is clearly warranted. Sen. Dianne Feinstein (D., Calif.) reinforced this point when she added her voice to the growing chorus of policymakers advocating extended operation for Diablo Canyon.

A group of six organizations have issued a statement to world leaders currently gathered at the G7 summit in Germany that highlights nuclear energy’s strengths in addressing the current global challenges of environmental sustainability and energy security and urges additional support.

On the road to achieving net-zero by midcentury, low- or no-carbon energy sources that slash carbon dioxide emissions are critical weapons. Nevertheless, the role of nuclear energy—the single largest source of carbon-free electricity—remains uncertain.

Nuclear energy, which provides 20 percent of the electricity in the United States, has been a constant, reliable, carbon-free source for nearly 50 years. But our fleet of nuclear reactors is aging, with more than half of the 92 operating reactors across 29 states at or over 40 years old—the length of the original operating licenses issued to the power plants. While some reactors have been retired prematurely, there are two options for those that remain: retire them or renew their license.

The United Arab Emirates’ Federal Authority for Nuclear Regulation (FANR) has issued the operating license for the Barakah nuclear plant’s Unit 3 reactor, the Emirates Nuclear Energy Corporation announced yesterday. In addition, following receipt of the license, ENEC subsidiary Nawah Energy Company began the process of loading fuel assemblies into the unit, according to the announcement.

Extending the operational life of California’s Diablo Canyon nuclear power plant beyond 2025—its scheduled year of retirement—would help the state meet its climate goals more quickly, more reliably, and more cheaply than allowing the facility to close, a new study has found.

According to Retaining Diablo Canyon: Economic, Carbon, and Reliability Implications, keeping the plant on line could not only substantially reduce California’s emissions, natural gas use, and electric power costs, but also help avoid blackouts.

A new survey conducted by Bisconti Research shows strong numbers for public support of nuclear energy and for the building of additional nuclear power plants in the United States. Unlike other surveys on nuclear energy, which have yielded varying results over time, the Bisconti survey—known as the National Nuclear Energy Public Opinion Survey—is the only poll that has consistently asked the same questions in the same context for the past four decades, making its findings especially noteworthy for the nuclear industry.

Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction have signed an agreement to “jointly participate in global AP1000 plant opportunities,” the Pennsylvania-based nuclear technology firm announced on May 24.

“Keeping Illinois nuclear plants open is saving some customers $237 a year on average,” reads the headline of a recent CNBC article about the Climate and Equitable Jobs Act, which was passed by the Illinois legislature and signed into law by Gov. J.B. Pritzker in September 2021. The legislation includes a provision to keep Illinois nuclear power plants open to meet the state’s clean energy goals, even if the facilities are not profitable.

“What if I told you that scientists had figured out a way to produce affordable electricity that was 99 percent safer and cleaner than coal or oil, and that this breakthrough produced even fewer emissions per gigawatt-hour than solar or wind?” That’s the question that Derek Thompson, a staff writer at The Atlantic, asks in his article, "The Forgotten Stage of Human Progress," before revealing, “The breakthrough I’m talking about is 70 years old: It’s nuclear power.”

Craig Piercy
cpiercy@ans.org

Laurence J. Peter, author of The Peter Principle, said, “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” By that definition, I guess we are all economists now.

As I write this column, it’s still too early to know exactly how the Russian invasion of Ukraine, and the world’s response to it, will shape the long-term economics of energy production, and specifically the economics of nuclear energy. But we can make a few logical guesses.

First, I think we will see a stronger security “overlay” to every energy policy decision we make in the next few years. Energy security is a potent motivator. France’s decision to go nuclear wasn’t a decarbonization play; it was a direct result of the Arab oil embargo of 1973, when most of its electricity was generated by oil-fired power plants.

Statement from American Nuclear Society President Steven Nesbit and Executive Director and CEO Craig Piercy: