Not exact matches
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.
But those two Texas
reactors, as well as several other high - profile nuclear power
projects, had been
on the ropes long before Fukushima.
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.
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.
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 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.
* 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.
Work began
on a pair of dedicated, Mo -99-producing
reactors, but the
project was abandoned by 2008.
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.
American builders could base their estimates
on reactors built recently in Asia, but no one really knows how a
project in Texas or Florida might compare with one in Japan or South Korea.
As the international ITER
project to develop an experimental nuclear fusion
reactor eats into research budgets around the world, an advisory panel to the US Department of Energy recommends mothballing at least one of three major experiments and focusing
on research necessary to bring ITER online.
Last week, defense firm Lockheed Martin revealed a few details
on a secret
project: building a «compact fusion
reactor,» a working
reactor about 1/10 the size of current efforts.
Joint
projects with Russian nuclear scientists began to ebb soon after President Vladimir Putin came to power in 2000, and reached a nadir last October when Russia suspended an agreement with the United States
on nuclear R&D cooperation and terminated another
on retooling Russian research
reactors to no longer run
on weapons - grade uranium fuel.
The technology is proven, PRISM's simplified
reactor design will speed construction, and GEH's technical and operational expertise has proven our ability to consistently deliver
on time and
on budget nuclear power
projects anywhere in the world.
He leads the Fuel Material and Chemistry Focus Area of the Consortium for Advanced Simulation of Light Water
Reactors, a DOE Energy Innovation Hub, as well as Scientific Discovery through Advanced Computing (SciDAC)
projects on plasma surface interactions and fission gas behavior in nuclear fuel.
A fourth generation
reactor designed by GEH, PRISM incorporates the groundbreaking features of the Argonne Laboratory's
project, representing a technological leap that could power the UK or similar countries for hundreds of years with used nuclear fuel that is already
on hand.
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.
I will tell you about another scientist from an earlier time, Her name was Leona Woods Libby, she was the only woman that worked
on the manhattan
project, she was accomplished in developing the first nuclear
reactor; after the war she went into the science of climate change based
on natural cycles.
Subtitle C: Next Generation Nuclear Plant
Project -(Sec. 641) Instructs the Secretary to establish the Next Generation Nuclear Plant
Project consisting of design, construction, and operation of a prototype plant, including a nuclear
reactor: (1) based
on Generation IV Nuclear Energy Systems Initiative research and development; and (2) used to generate electricity or produce hydrogen, or do both.
But construction
on the two new US
reactors is moving ahead, though most other utilities are waiting to see if these
projects can come in
on time and
on budget.
Experimentally, solar
reactors range from 1 meter to 5 meters to demonstrate the concept or as pilot
projects, depending a little
on the technology.
The federal government would bear most of the risk, facing potentially large losses if borrowers defaulted
on reactor projects that could not be salvaged.
Georgia's double -
reactor Vogtle
project has been sold
on the basis of federal loan guarantees.
American utilities have taken a very short - term view
on project pay - back and cite $ 7,500 + per - kW prices
on new
reactors and outlandish per - kWh costs to customers (Lovins has a piece denouncing nuclear because of this, but he doesn't take into consideration that its been done much cheaper elsewhere).
n guarantees were approved at the end of 2007, making U.S. taxpayers the co-signers
on l... s for new
reactors and uranium enrichment
projects, half of which are predicted to default.
This ruling allows regulators to «avoid careful consideration of serious environmental and human health impacts associated with a plan to build new nuclear
reactors at the Darlington site
on Lake Ontario — including the consequences of a major nuclear accident — during the
project's environmental assessment.»