Cost drivers of nuclear steam cycle constructionInterest in reducing carbon emissions around the world continues to climb. As a complement to the increasing deployment of variably generating renewables, advanced nuclear is commonly shown in net-zero grid modeling for 2050 because it represents firm electricity production that can flex in output with load demands.1 However, these projections are challenged by the high levelized cost of electricity associated with legacy nuclear construction, which is often more than double that of modern combined-cycle gas turbine (CCGT) plants.Go to Article
Fund to spur new nuclear projects launched in U.K.The U.K. government is providing £120 million (about $149.9 million) for a new fund designed to support the development of new nuclear energy projects, stimulate competition in the industry, and unlock investment.Go to Article
Penn State wants a Westinghouse eVinci microreactor on campusPenn State University has announced plans to explore siting a Westinghouse Electric Company eVinci microreactor on its State College campus in central Pennsylvania. Under a memorandum of understanding to perform research and development work that could advance the future commercial deployment of eVinci, a team of researchers in Penn State’s Ken and Mary Alice Lindquist Department of Nuclear Engineering also plans to explore how eVinci could displace some fossil-fueled energy sources on campus.Go to Article
Georgia Tech–led consortium focuses on emerging technologies and nonproliferationThe Department of Energy’s semiautonomous National Nuclear Security Administration funds three university–national laboratory consortia: the Consortium for Enabling Technologies and Innovation (ETI), led by the Georgia Institute of Technology in Atlanta; the Consortium for Monitoring, Technology, and Verification (MTV), led by the University of Michigan–Ann Arbor; and the Nuclear Science and Security Consortium (NSSC), led by the University of California–Berkeley. All three consortia are involved in education and research related to nuclear security and nonproliferation.Go to Article
Defense agency invests in fusion- and radioisotope-powered space propulsionThe Defense Innovation Unit (DIU), a Department of Defense organization focused on swiftly putting commercial technology to use in the U.S. military, has awarded contracts for two nuclear technologies—compact fusion and radioisotope heat—for spacecraft that could carry a high-power payload and freely maneuver in cislunar space. The objective is to accelerate ground and flight testing and launch a successful orbital prototype demonstration of each approach in 2027.Go to Article
DOE extends application deadline for nuclear credit programThe Department of Energy today announced an extension to its deadline for applications and sealed bid submissions under the $6 billion Civil Nuclear Credit (CNC) Program, launched earlier this year.According to the DOE, owners and operators of nuclear power reactors most at risk of premature retirement due to economic difficulties have 47 more days to submit applications for certification and sealed bids for credits. The deadline for the first CNC award cycle, originally set for tomorrow, is now 11:59 p.m. MDT on July 5.Go to Article
DOE-NE 2023 budget priorities summarized in ANS online programA team from the Department of Energy’s Office of Nuclear Energy joined ANS Executive Director/Chief Executive Officer Craig Piercy on April 27 for an ANS members–only online event to discuss the Biden administration’s fiscal year 2023 NE budget proposal. The proposed total for the office, $1.675 billion, is more than a $20 million increase from the FY 2022 enacted level of $1.654 billion.Go to Article
NNSA launches infrastructure initiative to adapt to climate changeThe Department of Energy’s National Nuclear Security Administration is establishing an Energy Resilient Infrastructure and Climate Adaptation (ERICA) initiative, which will help position it to deal with climate issues. In a recent press release, the NNSA noted that ERICA will help it to meet the requirements of federal legislature and executive orders, along with the DOE’s climate adaptation, energy resilience, and sustainability goals in support of the agency’s national security missions.The initiative was outlined in President Biden’s fiscal year 2023 budget request for the DOE.Go to Article
DOE releases Final EIS for one-of-a-kind Versatile Test ReactorThe Versatile Test Reactor, a custom-designed sodium-cooled fast neutron spectrum test reactor, is one step closer to its goal of providing data to accelerate research, development, and demonstration of diverse advanced reactor designs. The Department of Energy released the Final Versatile Test Reactor Environmental Impact Statement (Final VTR EIS) on May 13, and 30 days after its anticipated May 20 publication in the Federal Register, the DOE will issue a Record of Decision on the project.Go to Article
What are the key cost drivers for microreactors?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.Go to Article