House Appropriations panel approves $56 billion energy spending bill

June 22, 2022, 3:01PMNuclear News

A draft fiscal year 2023 Energy and Water Development bill, released Monday by the House Appropriations Committee, received the imprimatur of the Energy and Water Development (EWD) Subcommittee yesterday and now moves to the full committee for consideration.

The measure, totaling $56.275 billion—$3.4 billion more than the FY 2022 enacted level—includes funding for the Department of Energy, U.S. Army Corps of Engineers, Bureau of Reclamation, and a number of independent agencies, including the Nuclear Regulatory Commission.

What are the key cost drivers for microreactors?

May 17, 2022, 9:30AMNuclear News

Microreactors upend the traditional economics of nuclear power plants by shifting the paradigm from economies of scale (large reactors) to economies of multiple (mass production). While shrinking power output per unit may increase costs per kilowatt compared to large plants, offsetting gains can be expected from simplified and standardized designs, factory fabrication, inherent safety, lower radionuclide inventories, fast installation, and low financing costs. For instance, the lower power density in a microreactor core leads to a greatly reduced decay heat source, simplifying emergency cooling needs. These design aspects can lead to innovations including substantial simplifications to safety and control needs, minimized human operational requirements, a very compact balance of plant, the ability to fabricate almost every component in a factory, shortened construction time, and less daunting financing.