Skip to main content

Bodman on Nuclear Expansion and Nuclear Security

From a speech by Energy Secretary Sam Bodman delivered last week at the Sandia Labs International Security Conference:
The need for expanding nuclear energy production is clear. The International Energy Agency predicts that global demand for energy will rise by about 60 percent over the next 25 years, and that two-thirds of the increase will come from developing nations. Countries like China already have begun building emission-free nuclear plants to help meet future energy needs.

But with broader use of nuclear power comes greater responsibility. The nuclear energy sector’s top priority must always be safety -- avoiding accidents -- and security -- preventing the malicious use of nuclear technology and materials. This is more than a slogan. The concepts approved for Generation IV development are those that optimize safety and proliferation resistance. Proliferation resistance is also a goal of a common Action Plan adopted in 2002 by six U.S. National Laboratories, including our hosts at Sandia.

As we develop tomorrow’s nuclear energy systems, we must continue to address the risks of nuclear technology in use today. One major area of concern is uranium enrichment and reprocessing facilities, which are integral to the commercial nuclear sector… but also can enable their users to make weapons. We know that dangerous regimes, including those with ties to terrorism, seek these capabilities. Yet, judging by what is now known about illicit nuclear purchases by Iran and Libya, these capabilities are far too accessible today. I believe we all can agree that this needs to change.

In addtion, Secretary Bodman announced that the Department of Energy would host a conference in conjunction with the nuclear fuel sector to better coordinate non-proliferation efforts.

Technorati tags: , , , ,

Comments

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...