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Risky venture for Utah counties? will they gamble on speculative thorium nuclear venture?

Will Utah counties fund thorium reactor?  Salt Lake Tribune,  14 Aug 17,  “….Now a Utah startup is developing a thorium reactor, perhaps the first in the U.S. in half a century, and a consortium of eastern Utah counties is exploring whether to participate in the project. The Seven County Infrastructure Coalition (SCIC) last month issued a request for qualifications (RFQ) seeking a “project analyst” to evaluate “a thorium energy facility for producing electricity, etc. as proposed by Alpha Tech Research Corp.”……

 concerns about the use of limited county resources in such a speculative venture. Nor is it clear how the thorium proposal squares with the coalition’s legal mission, which is to “build essential regional infrastructure elements,” such as pipelines, roads, transmission and rail needed to deliver extracted minerals and power to markets…….
The coalition’s financing and procurement practices have recently come under intense scrutiny by Utah Treasurer David Damschen, who believes the group could be flouting accountability standards.
As a new member of the state Community Impact Board (CIB), which gives out federal mineral royalties to rural counties, Damschen has raised numerous concerns about the coalition’s management of CIB grants— its sole source of revenue. At recent meetings, the state treasurer has openly wondered whether the coalition steers contracts to insiders instead of the best qualified people and spends public money in ways that provide minimal public benefit…….

 thorium technology has years of costly research and development ahead before it’s ready to produce power and isotopes, according to Mike Simpson, a University of Utah metallurgical engineering professor.

“It‘s not accurate to say it’s proven to work. Aspects of it have been proven, but everything that has to be tied together hasn’t happened,” said Simpson….. many technical hurdles remain and these rural counties are not positioned to help address these challenges other than siting assistance for a reactor, Simpson added.

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August 18, 2017 - Posted by | technology, thorium, USA

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