Hall

Nuclear energy stocks “have become far more compelling to many investors in recent years,” and “there are good reasons to support this carbon-free source of energy,” according to investment entrepreneur and financial lecturer Jason Hall. In an article recently published by The Motley Fool, Hall discusses the opportunities and risks of investing in nuclear energy companies and offers his perspective on three top nuclear energy stocks.

Nuclear basics and new innovations: Hall started at the beginning, describing the most basic aspects of nuclear energy: the production of heat through fission, the generation of electricity via turbines, and the mining and enrichment of uranium for fuel. He noted that there “are only a small handful of companies with the expertise and financial strength to deal with nuclear reactors, and almost all are either private, state-owned, or the subsidiary operation of a large industrial conglomerate.”

Bill Loeb, a charter member of the American Nuclear Society who was present at ANS’s founding and who served as a naval officer during World War II, passed away this year at the age of 98. Loeb was active in the nuclear workforce after his military service, founding a company that provided food preserved with gamma radiation to the U.S. Army in Vietnam. Loeb maintained his ANS membership and “lived an active, full life,” according to his youngest son, Jonathan.

Baton Rouge, La.-based Aptim Federal Services announced that the U.S. Army Corps of Engineers, Baltimore District, has awarded the company a six-year, $95.5 million contract to decommission, dismantle, and dispose of the SM-1A nuclear power reactor at Fort Greely, Alaska.

The Department of Energy announced $7 billion on October 13 to launch seven regional Clean Hydrogen Hubs (H2Hubs) across the country and accelerate the commercial-scale deployment of clean hydrogen. Two of the seven hubs will feature hydrogen production using electricity—and possibly steam—from nuclear power. The federal government’s multibillion-dollar investment will be matched and exceeded by more than $40 billion from the awardees, for a total investment in clean energy and job creation near $50 billion.

The Nuclear Regulatory Commission has docketed an application from Dominion Energy South Carolina for the subsequent license renewal (SLR) of the V. C. Summer plant’s Unit 1 reactor. The action was announced in Monday’s edition of the Federal Register.

Anyone involved in the nuclear power industry could tell you that the operation of nuclear power plants is a demanding and never-ending endeavor. Our machines are complex, our challenges are diverse, and our standards are unyielding. The truth is, however, many of us stay in this field because there’s something at the heart of what we do that makes it all worthwhile.

Westinghouse has signed a contract with Rolls-Royce SMR to develop a fuel design for the British firm’s small modular reactor program, the companies announced last week.

The design work, to be undertaken in the United Kingdom and the United States, will include associated core components and will be based on an existing Westinghouse pressurized water reactor fuel assembly design.

This summer, the American Nuclear Society supported two student members who participated in the Washington Internships for Students of Engineering (WISE) Program, a nine-week program that gives engineering and technology students the chance to spend a summer learning about public policy. This year’s ANS-sponsored WISE interns, Sarah Cole of Boise State University and Abbey Hageman of the University of Nevada–Reno, arrived in Washington, D.C., in May, where during the course of the program they made professional contacts, researched and presented policy papers (published in the WISE Journal of Engineering and Public Policy), and learned how government officials make decisions on complex technological issues—and how engineers contribute to this process.

Operating costs for nuclear units have grown significantly since the start of the commercial nuclear power industry. For nuclear power generation to remain competitive, process efficiencies and innovations will need to be introduced. The challenge for any change is to improve the safe operation of the nuclear unit. An area of opportunity to reduce operating costs while improving operational safety is through upgraded fuel design and manufacturing. At Southern Nuclear, the pressurized water reactor fuel engineering team worked with Westinghouse to implement the PRIME fuel features, where simple improvements would yield safer operation and long-term cost-savings due to a more robust fuel design. Implementing the PRIME fuel ensures that the operator’s burden from fuel performance is minimized while keeping the reactor unit in a safe operating condition.

Purdue University’s School of Nuclear Engineering is hosting a two-day Atoms for Humanity symposium on campus at the Stewart Center’s Eliza Fowler Hall on October 25–26. The symposium—which will take place from 10:00 a.m. to 6:00 p.m. (EDT) on the first day and from 10:00 a.m. to 5:00 p.m. (EDT) on the second day—will highlight the role of nuclear energy as a clean energy source. It is open to everyone, and no registration is required.

American Centrifuge Operating (ACO), a subsidiary of Centrus Energy, has started enriching uranium hexafluoride gas to high-assay low-enriched uranium (HALEU) levels at the Department of Energy’s enrichment facility in Piketon, Ohio, the DOE announced October 11. The HALEU will be used to help fuel the initial cores of two demonstration reactors awarded under DOE’s Advanced Reactor Demonstration Program and will also support fuel qualification and the testing of other new advanced reactor designs.

The Department of Energy is seeking the public’s input on the Hanford Site’s 5-year plan, which outlines planned cleanup work either to be completed or initiated at the former plutonium production site near Richland, Wash. The DOE updates Hanford’s 5-year plan annually to reflect current progress and ongoing integrated planning for future work at the site.

Barnard

It’s late March 2023, and freshman state Rep. Stephanie Barnard (R., 8th Dist.) moves quickly through the halls of the capitol building in Olympia, Wash. She enters a room packed with state legislators—both Democrats and Republicans—who are waiting for a meeting to begin.

The event is part of the recently formed Nuclear Energy Caucus, and the featured speaker is Carol Browner, director of the Office of Energy and Climate Change Policy under President Obama and the administrator of the Environmental Protection Agency during the Clinton administration. The meeting is a success, with animated discussion following Browner’s address.

International engineering, construction, and project-management company Bechtel, which is headquartered in Reston, Va., opened its newest office, the Engineering Execution Center, in Knoxville, Tenn. The office—the second Bechtel has opened stateside in the last few months—will provide engineering support for the company’s numerous mission-based projects, and it is the second new U.S. office opened by Bechtel in the past few months—the other being in Chandler, Arizona.

A couple of years ago, my wife and I were looking to purchase a new car. But just as we made that decision, major pricing inflation and supply constraints became an issue. So, we decided to wait. We also knew that we would need new tires before we could sell our current vehicle. Instead of buying the best quality (and expensive) tires, we got the much cheaper ones, knowing we would only use them for a brief period. Why invest in an asset that won’t be serving its purpose for you that much longer, right?

The Nuclear Regulatory Commission last week issued a preliminary “yellow” finding to Dominion Energy for failing to resolve a two-decade-long problem with cracks in the piping of the V. C. Summer plant’s emergency diesel generator (EDG) fuel oil system.

The Nuclear Regulatory Commission will hold its 2023 Workshop on Advanced Manufacturing Technologies for Nuclear Applications on October 24–26 as a hybrid meeting.

At the American Nuclear Society’s 2023 Winter Meeting in November, a panel of experts will provide insights and opinions on the funding of nuclear energy research in the United States. The executive session “Rethinking How We Structure Federal R&D Programs in Nuclear Energy” will feature the University of Michigan’s Todd Allen, Aditi Verma, and Sola Talabi, and Idaho National Laboratory’s Jess Gehin.

The North Carolina General Assembly has overridden Gov. Roy Cooper’s October 2 veto of S.B. 678—a measure aimed at incentivizing the development of nuclear power facilities in the state.

Researchers at Idaho National Laboratory have a new experimental tool to study nuclear fuel under simulated loss of coolant accident (LOCA) conditions in INL’s Transient Reactor Test (TREAT) Facility. A specialized experiment holder called a TWIST capsule holds a fuel sample surrounded by water, which can rapidly drain away during testing, simulating loss of coolant in a light water reactor environment.