Good morning to all of the readers of NEI's Nuclear Energy Overview, our member-only newsletter. The following summary is especially for those of you who have come here looking for a summary of President Bush's historic visit to Calvert Cliffs Nuclear Power Plant, as well as a roundup of reactions from around the Web to the President's speech on expanding the use of nuclear energy. To read our coverage from the June 22 visit, click here. For our followup post on reaction to what the President had to say, click here.
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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