nuclear-news

USA’s Energy Secretary Moniz promoting nuclear industry for all he’s worth

Moniz: Congress Should Authorize Interim Nuclear Fuel Storage, Morning Consult, JACK FITZPATRICK   |   OCTOBER 24, 2016 Energy Secretary Ernest Moniz warned Monday that Congress and businesses need to act with more urgency to work out a medley of challenges in promoting nuclear power.

The United States is on track to experience a wave of nuclear plant retirements around 2030. …… Because raising capital and making the necessary business decisions on nuclear power is a slow process, there are only about five years left to start relicensing before many nuclear plants close. If more nuclear plants can extend their licenses to run for 80 years rather than 60, that would be “a very big deal” in terms of keeping nuclear power available, Moniz said.

This is important because the lack of a clear solution for storage of spent nuclear fuel creates a “significant headwind” for opening new nuclear facilities, Moniz said. He called on Congress to pass legislation creating an interim storage facility for spent nuclear fuel.

Moniz previously told a Senate Appropriations subcommittee the department might be allowed to store nuclear waste at a privately managed facility without congressional approval.

Even so, Moniz said Monday that it would help if Congress acted on the issue. “If Congress acted to give us the authorities — and whether public or privately held storage — we could be having a pilot facility running in not much more than five years,” he said…..

“I believe that consolidated storage, sometimes called interim storage, is absolutely essential,” Moniz said. “No matter when a geological repository is realized, interim storage should be part of the system.”……

October 27, 2016 - Posted by Christina Macpherson | politics, USA, wastes