Francesco Venneri (left), USNC CEO, and Hyeon Sung Hong, Hyundai Engineering CEO, at a framework agreement signing for MMR project development and deployment.
Representatives of Ultra Safe Nuclear Corporation (USNC) of Seattle, Wash., and Hyundai Engineering of Seoul, South Korea, traveled last week between USNC project sites in Oak Ridge, Tenn., and Ontario, Canada, to sign two agreements extending their collaboration on the deployment of USNC’s high-temperature, gas-cooled Micro Modular Reactor (MMR). The agreements expand on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June, and follow the closure earlier this month of a previously announced $30 million equity investment after its review by the U.S. Treasury Department’s Committee on Foreign Investment in the United States.
The first sector of the ITER vacuum vessel was placed in the assembly pit in May. Here, a technician positions targets on the surface of the component to be used in laser metrology. (Photo: ITER Organization)
Delivery of electricity from fusion is considered by the National Academies of Engineering to be one of the grand challenges of the 21st century. The tremendous progress in fusion science and technology is underpinning efforts by nuclear experts and advocates to tackle many of the key challenges that must be addressed to construct a fusion pilot plant and make practical fusion possible.
A cutaway of the Integral Molten Salt Reactor and balance of plant. (Image: Terrestrial Energy)
Ammonia is a carbon-free energy carrier that could be produced using thermal energy from nuclear power plants. Terrestrial Energy announced June 9 that it has signed an agreement with engineering firm KBR to explore the use of its Integral Molten Salt Reactor (IMSR) for both hydrogen and ammonia production.
A depiction of an electrolyzer from Bloom Energy. (Photo: Bloom Energy)
Using nuclear power technology to produce clean hydrogen is getting a visibility boost as the Department of Energy hosts a virtual three-day (June 6–8) Annual Merit Review and Peer Evaluation Meeting on the agency’s efforts to accelerate clean hydrogen production. On June 6, the DOE announced a notice of intent (NOI) to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs (H2Hubs) and the launch of a new Hydrogen Shot Incubator Prize that seeks “disruptive technologies” to reduce the cost of clean hydrogen production. That same day, Westinghouse Electric Company and Bloom Energy Corp. (a maker of solid oxide electrolyzer technology) announced a letter of intent to develop electrolyzers for use in the commercial nuclear power market and said they are “well positioned to support the U.S. Department of Energy’s developing hydrogen hubs.”
From left, Shannon Bragg-Sitton, Paul Chodak, and Michael J. Guastella appear before the Senate Committee on Energy and Natural Resources on November 4.
As Congress awaited key votes yesterday on spending bills that include production tax credits for at-risk plants and a new amendment adding $500 million in supplemental funding over five years to increase the availability of high-assay low-enriched uranium (HALEU), the U.S. Senate Energy and Natural Resources Committee held a Full Committee Hearing On Potential Non-Electric Applications Of Civilian Nuclear Energy. Sen. Joe Manchin (D., W.V.), chairman of the committee, emphasized that “advanced nuclear reactors hold enormous potential to provide opportunity to communities across the country with zero-emission baseload power” and made it clear he expects new reactors to replace retiring coal plants in his home state of West Virginia.
Speaking before the committee were Shannon Bragg-Sitton of Idaho National Laboratory, Paul Chodak III of American Electric Power, and Michael J. Guastella of the Council of Radionuclides and Radiopharmaceuticals.
This June 2021 photo of ITER vacuum vessel sector #6 includes two panels of thermal shielding ready to slide into place. (Photo: ITER/Courtesy of Chang Hyun Noh)
Following a week of heightened attention to all things hydrogen preceding Hydrogen and Fuel Cell Day (October 8), Bernard Bigot, director general of the ITER Organization, published an op-ed on October 11 in The European Files, a magazine billed as an “effective work tool for European deciders.” Bigot’s article, “Hydrogen fusion: The way to a new energy future,” doubled as a fusion primer, promoting the technology as a future source of clean energy that is fueled by hydrogen and is capable of providing heat and power to produce more hydrogen.
May 21, 2021, 2:41PMNuclear NewsCharles Forsberg and Eric Ingersoll
TerraPower and GE Hitachi Nuclear Energy jointly developed the sodium-cooled Natrium reactor with the turbine hall, nitrate heat storage tanks, and cooling towers separated from the reactor at the back of the site.
The viability of nuclear power ultimately depends on economics. Safety is a requirement, but it does not determine whether a reactor will be deployed. The most economical reactor maximizes revenue while minimizing costs. The lowest-cost reactor is not necessarily the most economical reactor. Different markets impose different requirements on reactors. If the capital cost of Reactor A is 50 percent more than Reactor B but has characteristics that double the revenue, the most economical reactor is Reactor A.
The most important factor is an efficient supply chain, including on-site construction practices. This is the basis for the low capital cost of light water reactors from China and South Korea. The design of the reactor can significantly affect capital cost through its impact on the supply chain. The question is, how can advanced reactors boost revenue and reduce costs?