nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Nuclear energy developers want Trump administration to subsidise their business, in hopes of exporting “new nukes”

CEOs Ask Trump to Help Them Sell Nuclear Power Plants Abroad, Bloomberg, By Jennifer A Dlouhy,  Ari Natter, and Jennifer Jacobs, February 13, 2019,   Executives say they compete with China, Russia and France,  Thriving nuclear development key to U.S. security, they say

U.S. nuclear energy developers on Tuesday met with President Donald Trump and asked for help winning contracts to build power plants in the Middle East and elsewhere overseas……..

……..The push comes as developers seek U.S. government approval of next-generation advanced and small modular nuclear reactors — and the administration’s help in selling their products to the world. The International Atomic Energy Agency predicts that some 554 gigawatts of nuclear electric generating capacity will come online by 2030, a 42 percent increase over current levels.

The White House meeting included representatives from a range of nuclear developers, including NuScale Power LLCTerraPower LLCWestinghouse Electric Co. LLC and General Electric Co, as well as suppliers Centrus Energy Corp. and Lightbridge Corp. and other companies. It was initiated by Jack Keane, a retired Army general and the co-founder of IP3 International, a company that has advocated American nuclear power development in the Middle East, according to two people familiar with the session.

The executives sought to enlist Trump in their bid to make U.S. nuclear power more competitive globally, such as with financing assistance to vie against subsidized companies. Russia, China and France are also seeking to build nuclear plants overseas……….

The developers argued that U.S. national security would be jeopardized if the country cedes its role as a chief developer of civilian nuclear power plants. As the domestic nuclear fleet ages — and the prospects for building a new wave of plants diminish — exporting the technology globally is a way to ensure a robust and thriving U.S. brain trust on nuclear power.

……..One possibility: A directive laying out U.S. nuclear power development as a chief national security goal.

Also on the table: Efforts to secure agreements to share U.S. nuclear technology with Middle East nations, including Jordan and Saudi Arabia. While negotiations for a so-called 123 agreement with Saudi Arabia were damaged after the killing of columnist Jamal Khashoggi at the Saudi consulate in Istanbul, an agreement with Jordan is also a possibility.

Some nuclear executives also expressed concerns about a raft of policies designed to boost their competitors generating renewable power. The industry representatives meeting with Trump promised to come back in a few months with more concrete ideas.

Separately Tuesday, a bipartisan group of senators introduced legislation that would require any nuclear sharing agreement between Saudi Arabia and the U.S. meet the so-called “gold standard” barring enrichment and reprocessing of uranium.

The White House has vowed to help the nuclear power industry, which is struggling to compete with electricity from cheaper natural gas and renewables, but the administration so far hasn’t been able to formulate a plan to do so.

IP3 International is backed by several prominent national security figures, including Keane, whom Trump has considered as a possible defense secretary.

Michael Flynn, Trump’s former national security adviser who pleaded guilty to making false and fraudulent statements to the FBI, has been linked to IP3 and was accused of failing to disclose private travel and meetings tied to a plan by Russia and Saudi Arabia to build nuclear plants while seeking a government security clearance.

Representatives of IP3 did not respond to a request seeking comment. A NuScale representative referred questions about the meeting to the U.S. Nuclear Infrastructure Council, which didn’t immediately respond to a request for comment. A spokeswoman for the White House declined to comment.

— With assistance by Alyza Sebenius https://www.bloomberg.com/news/articles/2019-02-12/trump-said-to-meet-with-nuclear-developers-looking-globally

Advertisements

February 14, 2019 - Posted by | politics, USA

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: