U.S. Department of Energy Receives Report on How SMR Deployment Could Benefit from Renewable Experience
Kutak Rock and Scully Capital have prepared a report for the U.S. Department of Energy’s Office of Nuclear Energy which analyzes how advanced nuclear energy technology could receive the same benefits as renewables and benefit substantially. The study, titled Examination of Federal Financial Assistance in the Renewable Energy Market “examines financial support from state, local and federal governments that was used to stimulate investment in the development of the renewable energy sector, particularly wind and solar, over the ten years from 2005 to 2015, and looks at how SMRs could benefit from similar forms of government support.” The report is organized in five parts: 1) Overview of Mandates and Incentives for Renewable Energy; 2) Project Level Effects of Financial Incentives; 3) Costs and Economic Benefits of Support Programs for Renewables; 4) Application to SMRs; and 5) Next Steps for Supporting Commercial Deployment of SMRs. The report concludes that federal finance assistance used to support the renewables sector, such as tax credits and credit support, can be used to “enhance the economic competitiveness of SMRs and potentially allow this generation source to meet emerging generation market needs.”
Poland Looks to Nuclear Power as Way to Decrease Dependency on Coal
In an effort to reduce its reliance on coal, Poland is working to build its first nuclear power plant. The plant is not expected to be put in operation before 2030. Poland currently generates around 80% of its electricity from coal. The country’s Deputy Environment Minister Michal Kurtyka stated that “the discussion over launching the nuclear power plant has accelerated. It is mostly about the international partnership. We are able to finance the construction on our own, but we have to draw the technology from somewhere.” Poland will talk with Japan, the United States, France, and South Korea about nuclear technologies.
Source: Asian Oil and Gas
Vogtle Nuclear Plant Hits Latest Milestone
Georgia Power announced yesterday that it had placed the “first two sets of double-decker shield building panels around the outer wall of the Unit 3 containment vessel.” These shield building panels provide support to the containment cooling water supply and protect the containment vessel. According to the article, the panels are unique to the AP1000 reactor design at the Vogtle plant and provide additional protection and safety to the containment vessel. The move marks a positive step towards the completion of the two reactors.