Artist’s rendering of the MMR project. (Image: USNC)
Global First Power’s (GFP) Micro Modular Reactor (MMR) project has moved to the formal license review phase with the Canadian Nuclear Safety Commission (CNSC), becoming the first small modular reactor to do so.
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?
Source: GlobalData Power Intelligence Center
Nuclear power will remain the dominant source of electricity generation in Bulgaria until 2030, despite the national government’s plans to add a substantial amount of renewable capacity this decade, says GlobalData, a U.K.-based data and analytics company. (According to a national strategy blueprint published on the Bulgarian parliament’s website last year, the country is targeting an additional 2,645 MW of installed capacity from renewable sources by the end of 2030.)
“Big Carl,” the world’s largest land-based crane, lifts the second of three prefabricated steel rings that will form the reinforced cylinder around the nuclear reactor at Hinkley Point C from its bunker to a lay-down area in late April. (Photo: EDF)
EDF has signed a new membership agreement with the United Kingdom’s Nuclear Advanced Manufacturing Research Centre (AMRC) to drive innovation in low-carbon power generation and support U.K. manufacturers, the University of Sheffield–based center announced recently.
New York’s Indian Point-3 was scheduled to close in April 2021.
At present, more than 20 commercial nuclear power plants in the United States have entered the decommissioning process, and many indicators point to a coming wave of additional plant closures. Indeed, with increasing numbers of plants terminating operations due to unfavorable market conditions, some voices have deemed this the “age of decommissioning.”
Regardless of whether a plant shuts its doors earlier than anticipated or seeks a life extension through relicensing, all plants eventually close. When they do, the closure sets off a wave of economic impacts ranging from minor disruptions to severe and long-lasting harm.
The Byron nuclear power plant
Illinois governor J. B. Pritzker’s proposal to subsidize the state’s Byron and Dresden nuclear plants, introduced in legislative form last week, falls short, Exelon Corporation President and Chief Executive Officer Chris Crane said on May 5 during the company’s first-quarter earnings call.
“From what we’ve heard, it’s open to negotiation, but just going from the street analyst opinion and what we’ve seen, its starting point is not adequate to keep the plants’ continued operations going,” Crane stated.
Artist’s rendering of Kairos Power’s KP-FHR reactor. (Image: Kairos Power)
The Tennessee Valley Authority and nuclear technology and engineering company Kairos Power this morning announced plans to collaborate on the deployment of the latter’s low-power demonstration reactor, dubbed Hermes, at the East Tennessee Technology Park (ETTP) in Oak Ridge, Tenn. TVA will provide engineering, operations, and licensing support to help Kairos with deployment, according to the announcement.