But by its own estimates, the U.S. nuclear industry can handle only about two new nuclear
reactor projects annually at its present - day capacity.
An official of another energy company that had considered new
reactor projects said, «We're going to build gas [generators] and that's the way it is.
Funding for fusion in general is extremely tight because of general government budget - cutting and the high cost of the ITER fusion
reactor project in France, of which the United States is a partner.
Cost cutting has been the name of the game for Osamu Motojima since he took the reins of the ITER fusion
reactor project, the world's most expensive science experiment, in July.
The leader of a proposed compact fusion
reactor project says that Lockheed Martin's decision to lift the lid on its secret effort is an attempt to build a scientific team and find partners.
ITER, the international fusion
reactor project in France, is reeling from an assessment that found serious problems with the project's leadership, management, and governance.
* Update, 28 February, 3 p.m.: The executive summary of the report on management of the international ITER fusion
reactor project was published today by The New Yorker.
Managers from the ITER fusion
reactor project in France held urgent meetings at the European Commission in Brussels today following Wednesday's collapse of the commission's plan for filling a $ 1.4 - billion ITER funding hole in 2013.
Last week, it was announced that Europe's contribution to building the ITER fusion
reactor project would amount to $ 7.2 billion, 2.7 times the original estimate.
Canadian Nuclear Laboratories (CNL) has invited small modular
reactor project proponents to evaluate the construction and operation of a demonstration SMR project at a site it manages.
Mindful of the public mood, the government of Shinzo Abe has completely given up on the country's dream of nuclear self - sufficiency, and pulled the plug in December on the $ 8.5 billion experimental
reactor project at Monju.
Dozens of Nuclear Cooperation Agreements and Memoranda of Understanding have been signed with these countries, ranging from research and development and human resources development to full
reactor projects.
«Israeli warplanes bombed
a reactor project at the site in 1981.
The federal government would bear most of the risk, facing potentially large losses if borrowers defaulted on
reactor projects that could not be salvaged.
Next - Generation Nuclear Plant (NGNP)- The Department of Energy and the NRC complied with the Energy Policy Act of 2005 in examining the NGNP advanced
reactor project.
Not exact matches
The ITER international
project in France has been plagued by cost overruns — the original 5 - billion - euro
project is now budgeted at 13 billion euros (about $ 15 billion)-- and its 23,000 - ton Tokamak experimental
reactor, three times heavier than the Eiffel Tower, is still many years from completion.
CB&I and Westinghouse were consortium partners building those
reactors prior to their deal for Stone & Webster, which was meant to resolve disagreements over each contractor's responsibilities over the
projects.
CB&I received no upfront payment for the sale of the nuclear construction business, but stood to receive earnouts based on the progress of the completion of two U.S.
projects by Stone & Webster: a nuclear power plant in Georgia for Southern Co and two
reactors in South Carolina for SCANA Corp (scu).
May stunned investors by putting Hinkley on hold in July, just hours before a deal was to be signed, saying she needed time to assess the
project under which French utility firm EDF would build Britain's first new nuclear
reactor in decades, backed by $ 8 billion of Chinese cash.
Nor is this a UK phenomenon: the Finnish
reactor is running a year behind schedule and the World Bank will no longer lend on nuclear
projects.
The
projected in - service date for the Champlain line is 2021, just as Indian Point's second
reactor is scheduled to retire.
The so - called «wave
reactor» needs a pilot
project to evaluate whether its components could stand radioactive bombardment
The US Department of Energy is co-sponsoring a
project to see whether small modular
reactors (SMRs), each producing about 180 megawatts (compared with 1000 megawatts from a full - sized
reactor) can be made cost - effective.
As part of the Manhattan
Project effort to build an atomic bomb during World War II, Szilard worked together with physicist Enrico Fermi and other colleagues at the University of Chicago to create the world's first experimental nuclear
reactor.
One of the biggest ongoing
projects is ITER in France, an international effort to build the first magnetic fusion
reactor that pumps out more energy than it consumes.
Now NRG Energy, based in Princeton, New Jersey, is sticking its neck out with plans to build two new nuclear
reactors at the South Texas
Project facility near Bay City.
But those two Texas
reactors, as well as several other high - profile nuclear power
projects, had been on the ropes long before Fukushima.
Simply put, even the largest utilities do not have the capital to build a $ 7 billion
reactor, and such large
projects have a tendency to see costs balloon as
projects are delayed.
But Southern Co., the primary developer, is permitted to recapture costs during construction, and another
project partner has a «hell or high water» sales contract requiring customers to keep paying down on the
project's debt even if the
reactors can't be completed.
The situation is no better in Europe, according to Steven Thomas, a professor of energy studies at the University of Greenwich in London: Finland can not complete its new
reactor; the U.K. has yet to get started on any
projects; and a new nuclear
reactor in France, after 18 months of construction, is 20 percent overbudget and requires complete subsidy by the French government.
EDF's financial backing and the participation of France's
reactor builder Areva, were crucial bulwarks for the Maryland
project, with expectations that French export credits would help meet the financing requirements.
And DOE was told not to spend more than $ 115 million on the U.S. contribution to ITER, the international fusion
reactor being built in France, until ITER officials present a new schedule for the troubled
project.
«We are the first to use both light and heat to synthesize liquid hydrocarbons in a single stage
reactor from carbon dioxide and water,» said Brian Dennis, UTA professor of mechanical and aerospace engineering and co-principal investigator of the
project.
Hundreds of scientists and engineers at the world's biggest fusion
reactor, the Joint European Torus (JET) at Culham near Oxford, will be laid off later this year unless a solution is found to a long - running dispute over the treatment of Britons working on the
project.
The International Thermonuclear Experimental
Reactor (ITER)
project has been 2 decades in the making, and with today's signing, construction of the
reactor in southern France can begin next year.
«ITER is not the first mega
project: it's a great challenge, but it's also great fun,» says Ken Blackler, who will have the job of fitting together the giant components inside the tightly confined wall of the
reactor, Tetris - style.
It accumulated there from the middle of World War II, when the Manhattan
Project invented the first nuclear weapon, to 1987, when the last
reactor shut down.
For more than 18 months the European Union has been trying to find $ 1.3 billion to pay for its 2012 - 13 contribution to the ITER fusion
reactor, a $ 16 billion international
project now being built in France.
ITER, which is poised to begin construction at the
reactor site in southern France, has yet to gain final approval for its design, schedule, and cost, collectively known as the
project's baseline.
U.S. researchers have been working to master fusion for decades and are partners in ITER, a global
project to build a huge fusion
reactor in France which is currently under construction.
Because of nagging concerns over the construction schedule of the
reactor, the ITER council, which represents the seven international partners in the
project — China, the European Union, India, Japan, South Korea, Russia, and the United States — did not give the expected rubber stamp to the thousands of pages of documents that fully define the
project.
Even though a supporter of nuclear power, Charpak was one of three signatories to an editorial in the French daily Libération in August that called for a halt to the building of the experimental fusion
reactor ITER in the south of France because the cost of the
project has running out of control and the plant will be «unusable.»
Work began on a pair of dedicated, Mo -99-producing
reactors, but the
project was abandoned by 2008.
In October Constellation Energy pulled out of a bid to build a new
reactor at Calvert Cliffs in Maryland, among other U.S. nuclear
projects that have recently been dropped or delayed.
The Prime Minister replied that the proposed investment of about # 177 million to complete the construction of two 440 - megawatt Soviet - designed VVER 213
reactors at Mochovce will be the first nuclear
project financed by an international financial institution.
The critics claim that for all the effort being put into the
project, it may not bring the
reactors up to Western safety standards.
A consortium of 16 power companies announced last week that it will help to underwrite a $ 100 million
project to design a standardised advanced nuclear
reactor.
In addition to not needing to refuel between flights, a nuclear - powered airplane in theory would not pollute the environment as long as the radioactive waste from its
reactor could be contained (the Air Force's
project never progressed far enough to come up with a practical way to address this).
The government has already spent about $ 4 billion on the
project, Scott noted, which is supposed to help convert 34 metric tons of weapons - grade plutonium from the former Soviet Union and elsewhere into fuel pellets for commercial
reactors.
A study
projects 130 future cancer deaths from the meltdowns at the
reactors in Fukushima last year, but does that suggest nuclear power is safer than fossil fuel alternatives?