Skip to main content

From the NEI Clip File

Here are some of the news clips we're reading at NEI today. The United States' newly strengthened relationship with India is making waves in the global community. The Boston Globe reports that the United States has pledged to assist the nuclear power in meeting its energy needs:
The Bush administration yesterday reversed a longstanding policy and pledged to provide India with civilian nuclear energy technology, a clear sign of the emerging alliance between the two nations after decades of acrimony over India's Cold War legacy as a leader of the Nonaligned Movement.

India got what it has wanted most in recent years from the United States: promises of nuclear reactors and nuclear fuel to meet its ballooning energy needs. In return, India pledged to ''assume the same responsibilities and practices" as other countries with advanced nuclear technology, including separating its civilian and weapons facilities and programs.
A recent analysis by Planet Ark reports that Uranium prices are soaring, and that investors are taking notice.
Prices of uranium, the fuel used in most of the world's nuclear power plants, have tripled in the last five years to record levels due to years of under-investment in the supply chain, traders and analysts said.

Soaring oil prices and international attempts to reduce greenhouse gas emissions have thrown the spotlight back onto nuclear energy after many years of disfavour.

European manufacturers are looking at nuclear energy to secure long-term power prices, with Alcan considering building a plant to feed its aluminium smelting capacity in France and construction of a reactor in Finland is already under way to supply the paper and pulp industry.

China plans to build 30 new reactors by 2020 and the United States, Britain, South Korea, Russia, Ukraine, India and Chile also looking at reactor programs.

Spot uranium is trading at $29.50/lb according to the Ux Consulting (UxC) website, a leading publisher of uranium prices and price forecasts, against $8-10/lb three or four years ago.
Come back tomorrow for more news from the NEI Clip File.

Technorati tags: , , , , ,

Comments

Popular posts from this blog

Making Clouds for a Living

Donell Banks works at Southern Nuclear’s Plant Vogtle units 3 and 4 as a shift supervisor in Operations, but is in the process of transitioning to his newly appointed role as the daily work controls manager. He has been in the nuclear energy industry for about 11 years.

I love what I do because I have the unique opportunity to help shape the direction and influence the culture for the future of nuclear power in the United States. Every single day presents a new challenge, but I wouldn't have it any other way. As a shift supervisor, I was primarily responsible for managing the development of procedures and programs to support operation of the first new nuclear units in the United States in more than 30 years. As the daily work controls manager, I will be responsible for oversight of the execution and scheduling of daily work to ensure organizational readiness to operate the new units.

I envision a nuclear energy industry that leverages the technology of today to improve efficiency…

Why America Needs the MOX Facility

If Isaiah had been a nuclear engineer, he’d have loved this project. And the Trump Administration should too, despite the proposal to eliminate it in the FY 2018 budget.

The project is a massive factory near Aiken, S.C., that will take plutonium from the government’s arsenal and turn it into fuel for civilian power reactors. The plutonium, made by the United States during the Cold War in a competition with the Soviet Union, is now surplus, and the United States and the Russian Federation jointly agreed to reduce their stocks, to reduce the chance of its use in weapons. Over two thousand construction workers, technicians and engineers are at work to enable the transformation.

Carrying Isaiah’s “swords into plowshares” vision into the nuclear field did not originate with plutonium. In 1993, the United States and Russia began a 20-year program to take weapons-grade uranium out of the Russian inventory, dilute it to levels appropriate for civilian power plants, and then use it to produce…

Nuclear: Energy for All Political Seasons

The electoral college will soon confirm a surprise election result, Donald Trump. However, in the electricity world, there are fewer surprises – physics and economics will continue to apply, and Republicans and Democrats are going to find a lot to like about nuclear energy over the next four years.

In a Trump administration, the carbon conversation is going to be less prominent. But the nuclear value proposition is still there. We bring steady jobs to rural areas, including in the Rust Belt, which put Donald Trump in office. Nuclear plants keep the surrounding communities vibrant.

We hold down electricity costs for the whole economy. We provide energy diversity, reducing the risk of disruption. We are a critical part of America’s industrial infrastructure, and the importance of infrastructure is something that President-Elect Trump has stressed.

One of our infrastructure challenges is natural gas pipelines, which have gotten more congested as extremely low gas prices have pulled m…