Wright

Oil industry executive Chris Wright has been selected by President-elect Donald Trump to serve as the next secretary of energy. Wright is also to serve on Trump’s new Council of National Energy, which, Trump said in a statement over the weekend, “will consist of all departments and agencies involved in the permitting, production, generation, distribution, regulation, transportation, of ALL forms of American energy.” Trump previously named North Dakota governor Doug Burgum as head of that council.

Following the announcement of his selection, Wright posted on X, “My dedication to bettering human lives remains steadfast, with a focus on making American energy more affordable, reliable, and secure. Energy is the lifeblood that makes everything in life possible. Energy matters.”

Washington, D.C. — Craig Piercy, CEO of the American Nuclear Society (ANS), issued the following statement:

"The American Nuclear Society applauds the announced partnerships between Google and Kairos Power and by Amazon and X-energy. Together, these deals will add at least 820 megawatts of zero carbon electricity to the U.S. energy supply. This is a major step toward securing the commercial deployment of advanced nuclear technologies that will make the world a cleaner and more prosperous place."

A white paper produced by Schneider Electric makes the case for using small modular reactors to meet the energy challenges of the data center sector. “Small Modular Nuclear Reactors Suitability for Data Centers,” by Marcin Wegrzyn and Steven Carlini, discusses the potential SMRs offer for supplying reliable, low-carbon energy to data centers, along with enhanced operational safety and improved energy resiliency, compared with renewable alternatives. However, to better evaluate SMR suitability for the continued technological advancement of data centers, an improved regulatory landscape, and ongoing international cooperation are necessary.

The Tennessee Valley Authority’s board of directors approved $150 million in additional funding to continue design work and TVA’s plans for small modular reactors at its Clinch River site near Oak Ridge, Tenn. With that decision late last week and an initial $200 million investment announced in early 2022, TVA has put a total of $350 million toward the development of SMRs at the site.

Wald

“We’re going to have to do things differently if we hope to trim the output of climate-changing emissions,” writes Matthew L. Wald in an essay recently published by the Breakthrough Institute. Wald is an independent energy analyst, writer, and Nuclear News contributor who formerly worked for the Nuclear Energy Institute and the New York Times. In the essay, he says that despite optimism surrounding progress in clean energy, consumption of fossil fuels is growing, and greenhouse gas emissions are increasing.

Wald suggests that this situation is unlikely to turn around until small modular reactors and other advanced nuclear technologies are demonstrated to be commercially viable.

Race to zero emissions? Wald notes that “global consumption of fossil fuels grew 1.5 percent last year.” Furthermore, “the fossil mix is getting worse; oil was up even faster than total fossil consumption, and demand passed 100 million barrels a day for the first time.

Dutton

The only nuclear reactor in Australia is a small one in the Sydney suburb of Lucas Heights, which has been used to produce medical radioisotopes since 1958. Recently, the Hon. Peter Dutton, Parliament’s leader of the opposition to the Labor-led government, announced his plan to get the country into the nuclear energy business by building five large reactors and two small modular reactors by 2050.

Criticizing the government’s “renewables-only” energy policy, Dutton promised to have the first nuclear reactor operating by the mid-2030s, should his Liberal–National Coalition win power in the next federal election (to be held on or before September 27, 2025). That promise, which would require overturns of existing federal and state bans on nuclear energy, has generated a great deal of controversy in Australia among government officials, political activists, and nuclear engineers.

Las Vegas, Nev. — The American Nuclear Society (ANS) issued the following statement during the 2024 ANS Annual Conference in Las Vegas:

“The American Nuclear Society applauds the Group of Seven (G7) leaders’ Apulia communiqué in its call for continued international cooperation in strengthening, expanding, and diversifying civil nuclear supply chains as the world deploys advanced reactors.

As small modular reactor (SMR) and advanced reactor (AR) developers look to build out their supply chains, NAC International (NAC) offers these companies a wide range of products and services for the full range of their nuclear energy facilities.

Nuclear energy advocates attended a White House summit today on domestic nuclear deployment and will help advise a new federal initiative to support building new grid-scale nuclear reactors.

The event showcased recent policy developments and new industry investments that have changed the playing field—for the better—for nuclear during the past few years. The White House is calling it “the largest sustained push to accelerate civil nuclear deployment in the United States in nearly five decades.”

The United Kingdom has announced a northern Wales site as its preferred location for a third mega-nuclear power station as the nation aims to support long-term energy security.

Following its plans to build nuclear facilities at Hinkley in Somerset and Sizewell in Suffolk, both in England, U.K. officials hope to revive the nuclear history of Wylfa, in Wales, and bring thousands of jobs and major investment to the area. The government is kickstarting talks with global energy firms in hopes of building a nuclear plant in Wylfa that could provide enough energy to power 6 million homes for 60 years.

The Group of Seven (G7) recommitted its support for nuclear energy in the countries that opt to use it at a Ministerial Meeting on Climate in Italy last month.

In a statement following the April meeting, the group committed to support multilateral efforts to strengthen the resilience of nuclear supply chains, referencing the goal set by 25 countries during last year’s COP28 climate conference in Dubai to triple global nuclear generating capacity by 2050.

An official groundbreaking last week at Framatome’s Mill Ridge Road facility, in Lynchburg, Va., marks the start of a $50 million expansion and an eventual addition of 500 employees, according to the nuclear company.

Through a trilateral agreement signed last week, nuclear regulatory agencies from the United States, Canada, and the United Kingdom will work together to expedite the licensing of advanced and small modular reactor technologies.

The spread of “electricity-hungry data centers and clean-technology factories” throughout the United States is “leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid,” according to a recent article in the Washington Post. According to the report, the surge in industrial power requirements due to such factors as innovation in artificial intelligence (AI) and the corresponding construction of large computing infrastructure, is prompting some officials to “look beyond the grid” to ease the “grid bottleneck” and meet electricity demands.

A new report, A New Nuclear Age: How 2023 Developments Will Impact the Industry in 2024, has been released by Morgan Lewis, a global corporation that provides litigation, corporate, labor and employment, and intellectual property services. Morgan Lewis’s energy specialist attorneys, who compiled the report, reviewed recent developments in rules and guidance from the Nuclear Regulatory Commission and Department of Energy that have impacted various aspects of the nuclear energy industry. Covered areas include cybersecurity, small modular reactors, advanced reactors, sustainability, export controls, plant decommissioning, microreactors, and fusion systems. Also considered in the report are potential future developments that may further affect the nuclear industry this year.

Designs for high-tech products, and the start-ups that offer them, will always outnumber the commercial successes. Ditto: many more power plants are proposed than actually get built, no matter what the technology.

This is an axiom of free-market economies, but in early November 2023 it became painfully obvious in the advanced reactor field. NuScale Power, the only advanced reactor that has made it through the licensing gauntlet, acknowledged that the consortium of utilities that was its intended launch customer had failed to put together a feasible package.

Powering our Economy and the World with Clean Energy—Our Path Forward to 2035 is a new document released by the province of New Brunswick, Canada, that “outlines a 12-year energy road map and supporting strategies for how the energy landscape will transition in New Brunswick and how we will achieve our energy reliability, sustainability, and affordability goals.”

A message at the beginning of the document—signed by the New Brunswick premier Blaine Higgs and minister of natural resources and energy development Mike Holland—notes the importance of engaging New Brunswickers on the province’s energy future. “We will be forming an energy transition working group” to gather input from provincial stakeholders, the letter states.

Utah Associated Municipal Power Systems (UAMPS) and NuScale Power announced November 8 that they have mutually agreed to end the Carbon Free Power Project (CFPP)—a plan to build a set of 77-MWe pressurized water reactors, called NuScale Power Modules, at Idaho National Laboratory. The reactors were intended to provide power to INL and UAMPS customers in Utah and surrounding states with an anticipated start date of 2029.

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.”