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
Comments
This is the principle reason why a nuclear waste dump at Yucca Mountain will never be built but continued to be mired in controversy.
Moreover, the United States Department of Interior denied the lease to Private Fuel Storage to go ahead with an "interim" dump of commercial nuke waste because they have "no confidence" in the national deep geological repository process.
Hmmmm? A show of the OOI's "no confidence" in the NRC's "nuclear waste confidence decision?".
Onward into the fog....
Gunter