Skip to main content

Local, State and International Leaders Turn Their Attention to New Reactors, Both Big and Small

South Carolinian and Missourian leaders came forward this week to tout the economic benefits of new nuclear reactors, a sign of their growing support for further developing new plants in their states. The positive statements come at a time when the bidding continues to heat up for investment funds from the U.S. Department of Energy (DOE) to participate in the first public-private partnership to develop and deploy small nuclear reactors (SMRs).

Today, S.C. Gov. Nikki Haley held a joint press conference with representatives from Holtec International, SCE&G and AREVA on how small reactor technology could bring additional jobs and manufacturing to the Southern state. The Aiken Standard reports:

Deployment of SMRs at SRS [Savannah River Site] would "offer South Carolina a unique opportunity to become a leader in the next generation of nuclear reactor manufacturing," according to a press release from the governor's office.

Savannah River Nuclear Solutions’ spokesperson Barbara Smoak applauded the governor’s response.

“We are really excited because we really do think South Carolina is where they [small reactors] should be deployed,” Smoak said. “We’re excited that the state and the governor are supporting us, too.”

The governor indicated that South Carolina “will fight for federal grants that could make the state a hub for the next-generation nuclear technology,” WRDW reports following the press conference.

In the Midwest on Sunday, Columbia (Mo.) Daily Tribune columnist Bob Roper also voiced his support for the Ameren Missouri and Westinghouse Electric partnership to develop small reactor technology at the Callaway nuclear plant site. Calling small reactors a “game changer” for the nuclear industry, Roper writes:

I have always believed one of the great attributes of nuclear energy is the simple concept of scale: the tremendous amount of energy that can be produced by small amounts of uranium as compared to what is required of other sources of energy. In the past, the problem was nuclear power had to be generated via huge, and hugely expensive, power plants. The SMRs change that, which is why this looks like that "game changer" to me. After all, someday cities might be able to get their power from SMRs, at least in part. And surely other potential uses abound.

Citing the economic benefits that would come from participating in the demonstration project in Missouri, including creating jobs and solidifying the manufacturing base, Roper states that developing the new technology:

Will be hugely beneficial to our nation, our state, our region and the University of Missouri if it all comes to fruition.

Elsewhere in new nuclear energy news, The State (S.C.) had a great article this week on the long-term benefits already being felt in the Palmetto State from the construction of two new Westinghouse Electric Co. AP1000 nuclear reactors at the V.C. Summer Nuclear Station:

Ramping up education and tapping into specialized job training are the surest ways for Fairfield County and its 24,000 residents to reap the economic, social and civic benefits of having one of the largest construction projects in the country in its backyard, area leaders say.

Not only will the projects help to build careers for local workers, it will also enhance the communities. The article continues:

In addition to job creation, the project will increase the tax base and could lead to more economic development, broadband availability, tourism promotion and added attention to existing businesses, Vickers [the Fairfield County Chamber of Commerce president] said.

france2Meanwhile, further south in Georgia this week, DOE officials and the chairman of France’s Atomic Energy and Alternative Energy Commission toured the Plant Vogtle site, where two other AP1000 reactors are under construction. The French Commissioner Bernard Bigot hailed that the construction project is “a symbol of America’s reawakened nuclear program.” The Augusta Chronicle reports:

“If something is going well here, all nations benefit,” said Bernard Bigot, who toured the Burke County site Monday with U.S. Energy Department officials. “And if something is wrong, everyone shares.”

--

“The U.S. has been the first nation to move on with nuclear, and it has the largest fleet,” he said. “It is a time when you need to show to the public that we can move on.”

More information from Bigot’s visit, including video, is available on WRDW’s website.

Visit NEI’s website to learn more about new nuclear energy facilities.

Image: Bernard Bigot, chairman of the French Alternative Energies and Atomic Energy Commission, led a delegation of French energy officials on a tour of Southern Company subsidiary Georgia Power’s Plant Vogtle on Monday.

Comments

Popular posts from this blog

Fluor Invests in NuScale

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...

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...