Global Energy News Roundup: October 12

Nuclear Innovation Alliance Calls for Support of SMRs

The Nuclear Innovation Alliance issued a report calling for US federal and state policymakers to support the development of Small Modular Reactors (SMRs) by US companies to “help secure the nation’s position as an international leader on nuclear technology for decades to come.” The report states that “with aging US coal and nuclear plants slated for retirement, and the urgency of combating climate change, SMRs are well-suited to help provide the next generation of much-needed clean, dispatchable energy, alongside renewable energy and other low-carbon energy sources.” Please see here for the full report.

Japanese Court Orders Fukishima Nuclear Plant and Government to Pay Area Residents

Earlier this week a Japanese court ordered the operator of the Fukushima nuclear plant and also the Japanese government to pay 500 million yen ($4.5 million) to area residents and also those who chose to evacuate after the 2011 nuclear power plant meltdown. The Fukushima District Court stated that the government did not order Tokyo Electric Power Co. to improve the plant’s safety measures despite understanding the risk of a tsunami in the region.

Source: Los Angeles Times

Molten Salt Reactors See Support at Oak Ridge National Laboratory Workshop

The Oak Ridge National Laboratory hosted researchers, venture capitalists, regulators, and reactor developers at its annual molten salt reactor workshop last week. At the workshop, it was made clear that molten salt reactors are gaining traction throughout the clean energy sector. The reactors are appealing because “they operate at very low pressure and at high temperatures, which makes them more energy efficient than existing water-cooled reactors.” Many of the developers present at the conference were optimistic about molten salt reactors being implemented into the grid by the mid-2020s.

Source: Knoxville News Sentinel

CBO Estimates Cost of Yucca Mountain Restart Bill

A House bill that aims to restart the process to make Yucca Mountain a permanent storage facility for nuclear waste would increase spending by $260 million over the next 10 years, according to the Congressional Budget Office (CBO). The CBO published the report last Friday and noted that some numbers were still uncertain. This score could hurt the bill’s chances for becoming law as the cost would need to be offset by cuts to other federal spending areas.

Source: Roll Call