Last Thursday, the private used fuel repository, Private Fuel Storage, LLC passed a major milestone with the decision by the Atomic Saftey Licensing Board to remove the last of the administrative objections on the project lodged by the state of Utah. This decision moves the project closer to a final licensing vote by the Nuclear Regulatory Commission. Hopefully this decision will soon allow the industry to demonstrate once again that it can move used nuclear fuel safley and securely on the nation's highways and railroads.
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap
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