Global Energy News Roundup: February 15

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy

Japan Post Co. and Fukushima Prefecture Create Partnership to Track Radiation Levels

It has been announced that Japan Post Co. and the Fukushima Prefectural Government entered into a partnership agreement that will allow the Japan Post Co. to measure radiation throughout the area affected by the 2011 nuclear plant meltdown. During the signing, the Fukushima Prefectural’s Governor Masao Uchibori stated “the agreement is very assuring, as we will be able to receive support for efforts on the safety and security of the region.” The plan calls for Japan Post’s delivery minivehicles to be equipped with radiation gauges, which will collect data that will be wirelessly transmitted to Fukushima’s government.

Source: The Japan Times

Toshiba Forecasts Better Than Expected Earnings

Toshiba announced this week that due to the sale of its chip and nuclear unit, the company expects a net profit of 520 billion yen for the year. The company avoided a net loss with a drop of its tax expenses that occurred with the sale of the chip business to a Bain Capital led consortium. The sale of Westinghouse, the U.S. nuclear energy firm, also helped Toshiba’s earnings. The company announced that over nine months, it saw a net profit of 27 billion yen.

Source: Japan Today

Trump Administration Budget Proposal Supports Nuclear Energy Technology

On Monday the White House released President Trump’s proposed budget for 2019, which requested funds for numerous areas throughout the nuclear power sector. The budget includes specific requests for small modular reactors and Yucca Mountain. The details are listed below.

  • “$432M for specific, cutting-edge, early-stage R&D efforts in energy storage solutions beyond batteries, advanced fossil-based power systems, and advanced reactor technologies including Small Modular Reactors…”
  • “$120M for the Yucca Mountain and Interim Storage Program, demonstrating the Administration’s commitment to nuclear waste management by restarting Nuclear Regulatory Commission licensing activities for the Yucca Mountain nuclear waste repository and establishing a robust interim storage program to develop a capability for earlier acceptance of spent nuclear fuel.”

Source: The U.S. Department of Energy

Russia and Republic of Congo Work Together on Nuclear Energy Production

Russia and the Republic of Congo have signed a Memorandum of Understanding (MoU) that will allow the two countries to work together on nuclear energy. The document outlines specific areas in which the two countries will work together including “the development of nuclear infrastructure in the Republic of Congo and programs aimed at increased awareness of nuclear technologies and their applications, as well as the use of radioisotopes and radiation technologies in manufacturing, agriculture, healthcare, education and training of personnel.” The Republic of Congo currently has no nuclear energy facilities, but the country hopes to work with Russia to build a Russian-designed research reactor.

Source: World Nuclear News