Fluor’s NuScale Power and U.S. Department of Energy Agree on Funding for Advanced Nuclear Small Modular Reactor Technology

IRVING, Texas, May 28, 2014 (BUSINESS WIRE) -- Fluor Corporation  announced today that NuScale Power, in which Fluor is the majority investor, officially signed a contract agreement with the U.S. Department of Energy (DOE) for funding that will support the development, licensing and commercialization of the company’s nuclear small modular reactor (SMR) technology.

The DOE would provide up to $217 million in matching funds over five years to help the Oregon-based nuclear power company develop its SMR design, which is set to revolutionize the next generation of nuclear power plants. The reactor technology can deliver the energy diversity needed to replace aging coal plants, to power growing populations and to reduce emissions, all while proving to be a safer, more flexible and cost-effective nuclear power solution
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Perry Nuclear Power Plant vice president speaks to business community on continued investment

From the News-Herald - With a renewal licensing process by the Nuclear Regulatory Commission looming over the next decade, the head of the Perry Nuclear Power Plant is reinforcing his company’s commitment to investing in Lake County.  The operating license at the more than 27-year-old power plant doesn’t expire until 2026, but FirstEnergy officials plan to submit a 20-year renewal application in September 2015, said spokeswoman Jennifer Young.
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Dominion Resources reviewing operating its nuclear power reactors for 80 years

Dominion Resources Inc. is considering running its six nuclear power reactors for 80 years.
The company’s nuclear units are each licensed to operate for 60 years.

Corporate parent of Dominion Virginia Power, Dominion Resources is conducting preliminary internal reviews to support 20-year operating license extensions for its six nuclear units in Virginia and Connecticut.

“We believe it is possible to re-license these units for another 20 years of safe operation,” company spokesman Rick Zuercher said. “We’re going through the process to figure out what we need to do to preserve these nuclear stations for another 20-year term.”


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Environmentalists Warm Up to Nuclear Energy

Gasp! The green movement may be getting smarter. Slowly, if not surely, more and more greens seem to be getting on board with nuclear energy. The reasoning is simple: Nuclear doesn’t emit greenhouse gases, and the alternatives for base-load power generation are the dreaded fossil fuels. Now, as the New York Times reports, a green group is preparing to publish a report lamenting the slow decline of the industry in the US:

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New Cumbria nuclear power station in Cumbria could create 21000 jobs

NW Evening Mail

AN agreement for a new nuclear power station in Cumbria has been ... The Nuclear Decommissioning Authority has reached an agreement with ...

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Exelon to become top US power distributor with Pepco buy

KDAL

The deal will allow Exelon to sell more power at stable rates set by ... the first quarter, hurt by weak energy prices and a fall in nuclear and coal output.

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