Skip to main content

Why #NEA17 Is at the Intersection of Nuclear’s Present and Future

Nuclear power is working for America. On May 22, hundreds of engineers, scientists, plant operators, entrepreneurs and students will gather in Scottsdale, at the annual Nuclear Energy Assembly, to talk about the multiple benefits that our technology provides, and the challenges and opportunities ahead.

In preparation, NEI's Matt Wald sat down recently with Lenka Kollar, the director of business strategy at NuScale Power, the company that submitted the first application for design certification of a small modular reactor. Lenka will be a panelist on the first day of the conference.


NuScale is one of several companies working on small modular reactors, reactors that can be built in a factory and then shipped by barge, rail or truck to sites around the country or the world. It’s not quite plug-and-play, but it’s closer to it than anything the nuclear industry has done so far. NuScale is further down the path to deployment than others; the Nuclear Regulatory Commission recently accepted for review the company’s application for design certification.

Lenka described the significance of NuScale’s approach. “Nuclear energy doesn’t have to be what people think it is,” she said. “It’s usually thought of as baseload power that is not flexible, and what we’re creating is something that is far more flexible and can meet the diverse energy needs here in the U.S. and abroad.’’

The Nuclear Energy Assembly, she said, will be an intersection of the existing and the new. That will be true on stage, in the Expo Hall and in the hallways.

Governor Doug Ducey of Arizona will address the meeting and talk about nuclear power as an element of Arizona’s infrastructure. Kristine Svinicki, chairman of the Nuclear Regulatory Commission, and Colette Honorable, a member of the Federal Energy Regulatory Commission, will speak, as will José Gutiérrez, the interim president and chief executive officer of Westinghouse, and Ray Rothrock, a venture capitalist who specializes in high-tech energy firms. Rear Admiral Michael W. Hewitt (USN, ret.), will speak on nuclear power as a component of American global leadership.

Also speaking will be Rich Powell, the executive director of the ClearPath Foundation, a non-profit that focuses on energy and environment. In a recent video, Rich explained a topic that is slightly nerdy (his word) but very important: how electricity prices are set in the wholesale electric market in the “deregulated” states. Market policy is set by the Federal Energy Regulatory Commission. (At the moment, that body does not have a quorum. It’s one of several agencies important to nuclear power that needs re-populating.)

We look forward to seeing you in Scottsdale. If you can’t attend, follow the conversation on Twitter using #NEA17 and watch select panels live on our Facebook page.

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...