NEI's Energy Markets Report - September 14

NEI's Energy Markets Report - September 14 - 18, 2009

The latest is up, below are two tidbits you may find useful:

Uranium prices continued their trend downward as prices fell to $42-$42.50/lb U3O8 last week. The EURATOM Supply Agency (pdf) “reported that, compared to 2007, total worldwide uranium production in 2008 rose more than 7% to 44,248 tU [metric tons of uranium]. Canada is still the world’s largest uranium producer (20% of world production) with a total of 9,000 tU. Contrary to 2007, Australia lost its position as the second largest producer and was replaced by Kazakhstan, which produced a total of 8,512 tU. For Kazakhstan, this represents nearly a 30% increase in production compared to 2007 (6,654 tU). Australia’s 2008 uranium production declined to 8,430 tU from 8,577 tU in 2007. After Kazakhstan, the second largest increase in uranium production came from Africa with a total of 7,926 tU (a 20% increase in comparison to 2007)” (UxConsulting, pages 1 and 3).

According to data from Ventyx Velocity Suite, 42,000 megawatts of capacity are currently under construction and expected to come online by the end of 2013. Of the 42,000 MW, 41% is natural gas capacity, 38% is coal capacity, 16% is wind capacity and 5% are other renewables and nuclear capacity. For the first eight months of 2009, the following capacity came online: 7,200 MW of natural gas, 4,400 MW of wind, 2,000 MW of coal, and 650 MW of other renewables (see page 5).

Comments

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

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 Is a Long-Term Investment for Ohio that Will Pay Big

With 50 different state legislative calendars, more than half of them adjourn by June, and those still in session throughout the year usually take a recess in the summer. So springtime is prime time for state legislative activity. In the next few weeks, legislatures are hosting hearings and calling for votes on bills that have been battered back and forth in the capital halls.

On Tuesday, The Ohio Public Utilities Committee hosted its third round of hearings on the Zero Emissions Nuclear Resources Program, House Bill 178, and NEI’s Maria Korsnick testified before a jam-packed room of legislators.

Washingtonians parachuting into state debates can be a tricky platform, but in this case, Maria’s remarks provided national perspective that put the Ohio conundrum into context. At the heart of this debate is the impact nuclear plants have on local jobs and the local economy, and that nuclear assets should be viewed as “long-term investments” for the state. Of course, clean air and electrons …

NEI Nuclear Notes

Search This Blog