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...
With the possible exception of Redskins-Monday-Morning-Quarterbacking and the Veep stakes, few DC parlor games attract more interest than guessing who will fill a new president's cabinet. Towards that end, we'll be feeding the frenzy (chumming the waters?) these next few weeks by passing along pundit speculation; paying special attention to the position of Energy Secretary. From a Washington Post online chat earlier today, Energy Wire's Steve Mufson weighed in.
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