US-Japan Roundtable Members and Canadian Company to Work Together on Small Modular Reactors
Two of the US-Japan Roundtable’s long-term members, ARC Nuclear (ARC) and GE Hitachi Nuclear Energy (GEH), have agreed to work together with New Brunswick Power (NB Power) and its affiliates to explore the development, licensing, and construction of an advanced small modular reactor (SMR) based on ARC Nuclear’s Generation IV sodium-cooled fast reactor technology. ARC has agreed to collaborate with NB Power in exploring the potential future deployment of the ARC-100 at NB Power’s Point Lepreau nuclear plant site. GEH will offer its broad engineering experience, deep technical capability, and significant investment in its sodium fast reactor technology program that builds on a 60-year history as an original equipment manufacturer of boiling water reactors worldwide, while the ARC Nuclear team brings decades of sodium fast reactor experience to this effort.
Japan Launches Initiative to Develop Next Generation Nuclear Reactors
Japan is launching a public-private partnership that will aim to “develop next-generation nuclear reactors that are safer and less expensive” in the hopes of keeping nuclear power as a viable source of energy. Japan’s Ministry of Economy, Trade, and Industry is working on a deal with power companies and reactor builders to begin the project. There will be a consultation group that could include Tokyo Electric Power Company Holdings, Kansai Electric, Mitsubishi Heavy Industries, and Hitachi. This month, the Japanese government approved the 5th Basic Energy Plan, that presents nuclear as “an important base-load power source contributing to the stability of the long-term energy supply-and-demand structure,” and states that necessary measures will be taken to achieve nuclear power’s share of 20-22% in the 2030 energy mix.
US DOE Funds Research and Development for Nuclear Technologies
The US Department of Energy (DOE) announced that it will provide almost $20 million in funding to nine selected projects for research and development of advanced nuclear technologies. The awards are part of the second group selected under a Department of Energy’s Office of Nuclear Energy’s funding opportunity for “cost-shared projects to develop innovative, industry-driven reactor designs and accompanying technologies with high potential to advance nuclear power in the USA. DOE announced the funding opportunity in December for money that will be made available in the fiscal 2018 year under its US Industry Opportunities for Advanced Nuclear Technology Development. The funding is separated into three groups: 1) “first-of-a-kind” nuclear demonstration readiness projects; 2)advanced reactor development projects; and 3) regulatory assistance grants.
Source: World Nuclear News
A Resurgence is Occurring for the Nuclear Power Sector
Real Clear Energy has published an article describing the resurgence in innovation throughout the nuclear power sector. The resurgence is supported by new policies and emerging technologies and is being helped by a growing value of nuclear energy as a clean, and sustainable power sources from the public and government agencies. The article’s author describes how nuclear power can enhance space travel, support existing infrastructure, and provide reliable and clean energy.
Source: Real Clear Energy