The nuclear energy industry can learn from aircraft manufacturers, pharmaceutical companies and the space travel industry, according to a Breakthrough Institute report. The shift to "economies of multiples" in the aircraft industry and the effect of staged licensing on startups in the pharmaceutical industry are two areas that the nuclear energy industry should learn from, the report states.
Nuclear energy demand is expected to increase under any of a number of potential worldwide energy scenarios, according to the World Energy Outlook 2016. In particular, nuclear energy benefits under the "450 Scenario," in which changes are made to limit greenhouse gases to 450 parts per million.
A group of New York Assembly members are attempting to block the implementation of the state's Clean Energy Standard until members of the Public Service Commission testify at a legislative hearing. While the legislators support the continued operation of the upstate nuclear plants, they "we need to understand how the PSC arrived at the decisions they made," said Assembly Energy Committee Chairwoman Amy Paulin.
An amount of uncertainty would be cast upon the construction of new reactors at Georgia Power's Plant Vogtle in Georgia and SCE&G's V.C. Summer plant in South Carolina if Westinghouse Electric declares bankruptcy, according to Moody's analyst Michael Haggarty. "We would argue the plants most likely get finished, but what is that additional cost going to be and who's going to absorb that cost," said Lyle Fitterer, head of tax-exempt debt for Wells Capital Management.
Barakah Unit 3 in the United Arab Emirates has passed a pair of significant construction milestones as the reactor containment building dome has been completed and pipe welding has been finished on the reactor coolant loop. With the dome's completion, major construction activities for the building are now finished.
Budget cuts for the Labor Department's Office of Science in President Donald Trump's first budget proposal could put the future of Brookhaven National Laboratory in doubt, according to Sen. Charles Schumer, D-N.Y. "Brookhaven National Lab is home to some of the world's brightest minds and most cutting-edge innovations, which both advance human knowledge and spur our economy," Schumer said.
Urenco and Amec Foster Wheeler are working to develop small modular reactors, each of which has a 10-megawatt capacity, according to Urenco CEO Thomas Haeberle. The U-Batteries "will enable nuclear to grow in areas that big nuclear wouldn't have access to," Haeberle said.
The Senate Environment and Public Works Committee passed the Nuclear Energy Innovation and Modernization Act by an 18-3 vote on Wednesday. The bill would require the Nuclear Regulatory Commission to put a licensing framework in place for advanced nuclear reactors.
A Connecticut legislative panel passed a bill on Tuesday that would allow Dominion Energy to bid directly on energy contracts for its Millstone nuclear plant. The Energy and Technology Committee voted 17-7 to advance the bill.
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