Texas-based Vistra Corporation, owner of the Comanche Peak nuclear plant, has announced a $3.43 billion deal to acquire Energy Harbor, the Ohio-based owner and operator of the Beaver Valley, Davis-Besse, and Perry nuclear facilities.
Here is a recap of industry happenings over the past month:
INFUSE program funds 10 private-public projects
As part of the Department of Energy Office of Science’s Innovation Network for Fusion Energy (INFUSE) program, $2.3 million in funding is being awarded to 10 projects that pair private industry with national laboratories for purposes of fusion energy development. The projects are being led by researchers at seven companies: Commonwealth Fusion Systems in Cambridge, Mass.; Energy Driven Technologies in Champaign, Ill.; Focused Energy in Austin, Texas; General Atomics in San Diego, Calif.; Princeton Stellarators in Princeton, N.J.; Tokamak Energy in Bruceton Mills, W.Va.; and Type One Energy Group in Madison, Wis. Through the INFUSE funding, these companies gain access to the expertise of the national labs as they conduct research into fusion energy systems. Each award provides between $50,000 and $500,000 for a one- to two-year project, with a 20 percent cost share for the industry partners.
Ivaylo Ivanov (left), member of Kozloduy NPP-Newbuilds’ board of directors, and Elias Gedeon, senior vice president for Westinghouse Energy Systems, complete the signing of an MOU for Westinghouse AP1000 technology. (Photo: Westinghouse)
Continuing to move forward with its ambitions in Central and Eastern Europe, Westinghouse Electric Company last week signed a memorandum of understanding with Kozloduy NPP–Newbuilds (KNPP-NB), establishing a working group to initiate planning for the potential deployment of one or more of the American company’s AP1000 reactors at Bulgaria’s Kozloduy nuclear power plant.
KNPP-NB was established in 2012 to commission new nuclear power capacity at Kozloduy.
The working group, according to a March 2 Westinghouse announcement, will also evaluate regulatory, licensing, and design bases to ensure compliance with applicable regulations, as well as a streamlined execution path to enable Bulgaria to achieve its nuclear energy goals.
The Nuclear Regulatory Commission has published its 2022–2023 Information Digest, NUREG-1350, Vol. 34, which describes the agency's responsibilities and activities and provides general information regarding nuclear-related topics.
The Canadian Nuclear Safety Commission (CNSC) and Poland’s National Atomic Energy Agency (PAA) have signed a memorandum of cooperation to share best practices and experience in reviewing advanced and small modular reactor technologies. (The two agencies are already engaged in cooperation on nuclear safety matters under a memorandum of understanding inked in 2014.)
Waste Management Symposia (WMS), which hosts the annual Waste Management Conference in Phoenix, Ariz., is launching a new effort along with Longenecker & Associates to support science, technology, engineering, and mathematics (STEM) education efforts to attract and build the next-generation nuclear workforce. The engineering, environmental, and nuclear services company Spectra Tech is joining the initiative by matching Longenecker & Associates' contributions to the program.
Institutional investor BNF Capital has taken a 10.7 percent stake in Lightbridge Corporation, which is developing fuel for small modular reactors and existing light water reactors. BNF Capital is based in London, U.K. Lightbridge is located in Reston, Va.
A creative fan of Lego—and nuclear power—has designed a nuclear power plant out of the famous building blocks and has submitted the idea to the Lego Group for possible production—but first, the idea needs the support of the public.
Framatome and Ultra Safe Nuclear announced on January 26 that they intend to form a joint venture to manufacture commercial quantities of tristructural isotropic (TRISO) particles and Ultra Safe’s proprietary fully ceramic microencapsulated (FCM) fuel.
The companies have signed a nonbinding agreement to integrate their resources to bring commercially viable, fourth-generation nuclear fuel to market for Ultra Safe’s micro-modular reactor (MMR) and other advanced reactor designs.
In a follow-up to A Step-by-Step Guide to Nuclear Innovation Policy, which was released by think tank Third Way in 2016, the Fastest Path to Zero Initiative of the University of Michigan has now published “Young Carla,” an eponymous “prequel” about a fictional nuclear engineering student. Carla was introduced in the 2016 report as a graduate nuclear engineering student with an idea for a new type of nuclear energy technology. The report explained how wise policy decisions in the United States could improve government-private partnerships so that Carla’s idea could be commercially demonstrated.
Oklo said it has submitted a licensing project plan to the Nuclear Regulatory Commission, outlining the company’s plans for preapplication engagement activities that support the future licensing of a used nuclear fuel recycling facility. The first-of-a-kind facility is intended to produce fuel to support the deployment of Oklo’s advanced fission power plants.
NAC International Inc. has completed its acquisition of Philotechnics Ltd., a health physics, radiological services, and waste management company headquartered in Oak Ridge, Tenn., with a satellite facility in San Diego, Calif. The company, now under NAC International ownership, has been renamed NAC Philotechnics Ltd.
Paragon Energy Solutions and Thermo Fisher Scientific have entered into a definitive agreement that grants Paragon a long-term license for the product line of Thermo Fisher’s Gamma-Metrics neutron flux monitoring systems (NFMS). The agreement allows the legacy nuclear reactor customers of service provider Thermo Fisher to more easily purchase spare parts, upgrades, services, and new systems from Paragon, a leading supplier of safety-related products and components for the nuclear industry. This enhanced purchasing ability reduces the risk of obsolete products being used in the operating nuclear fleet.
Kairos Power, an Alameda, Calif.–based advanced reactor developer, announced yesterday that it has been named to Cleantech Group’s list of the 100 most innovative and promising private companies in the cleantech sector for 2023. Cleantech Group is a research and consulting services firm headquartered in San Francisco.
Tokamak Energy announced today that it has signed an agreement with Furukawa Electric Co., of Tokyo, Japan, and the Furukawa Electric Group's SuperPower Inc, of New York, for supply of several hundred kilometers of specialist high temperature superconducting (HTS) tape for Tokamak's new advanced prototype fusion device, ST80-HTS.
The Department of Energy’s National Nuclear Security Administration’s Minority Serving Institution Partnership Program (MSIPP) has issued a funding opportunity announcement (FOA) titled "Community and Junior College Trade Occupation Program." The FOA encourages grant applications from tribal and minority serving community and junior colleges that diversify student and faculty populations, enhance training programs in trade and skilled labors, and increase the capacity of the NNSA's nuclear security enterprise workforce.
Eligible tribal and minority serving community and junior colleges have until February 17, 2023, 11:50 p.m. EST to respond to the FOA with proposals.
Here is a recap of industry happenings over the past month:
ADVANCED REACTOR MARKETPLACE
X-energy enters into agreement to become publicly traded company
X-energy, a developer of small modular reactors and nuclear fuel technology, has entered into a definitive business combination agreement with Ares Acquisition Corporation, a publicly traded special-purpose acquisition company. As a result of the agreement, X-energy will become a publicly traded company, a status that is expected to give a boost to its growth strategy, investment opportunities, and financial flexibility. In addition, X-energy will receive differentiated sponsorship by Ares Management Corporation, which describes itself as a “leading global alternative investment manager.” The existing equity holders of X-energy are expected to hold more than 60 percent of the issued and outstanding shares of the common stock of the combined company. The transaction is expected to be finalized in the second quarter of 2023.
Steven Arndt
president@ans.org
It has always amazed me how broad and diverse the nuclear science and technology field is. It is one of the things that drew me to the nuclear business in the first place. The American Nuclear Society, with its eighteen technical divisions, embraces this diversity from accelerator applications and space nuclear to isotopes and robotics. We are truly a disparate group of engineers and scientists. Based on this, I guess I should not be surprised by the renewed interest we are seeing in uses of nuclear energy beyond the generation of electricity. In recent years, engineers and scientists from all around the world have focused on reducing the impact of electric energy generation on the environment and on finding ways to also reduce the impact of other industrial processes. What I have been seeing—including at COP27—is a renewed interest in nuclear power not only for electric generation but also for its unique capabilities in a diverse set of applications. To name only a few, I have seen strong interest in desalinization, hydrogen generation, process heat, and district heat.
Sarah Camba Lynn
How to characterize a tight-knit, high--functioning workplace is an open question. Some consider it a family, due to close working relationships and long hours spent together. Personally, I prefer to focus on the parallels between a group of coworkers and a professional sports team.
Being a good Texan, football is my go-to for sports analogies. A football team, while cohesive, is really made up of several smaller teams. Not everyone is on the field at once, nor are the positions interchangeable. They share a goal—to win—but each smaller team has a different focus and specific tasks to achieve the goal. At a nuclear power plant, there are several departments, each also with a distinct focus but overall contributing together to the goal of reliable, safe, carbon-free energy.
The Nuclear Regulatory Commission has proposed an $8,000 fine for a Connecticut hospital for violations involving the temporary loss of a radioactive source used to calibrate nuclear medicine dosage-measuring equipment.