nuclear-news

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

Small Nuclear Reactors Have A Big Problem

November 2, 2024 Posted by | Uncategorized | Leave a comment

TODAY. Canadians are waking up to the nuclear scam. Why are the media and other nations pretending that nuclear is just dandy?

I do read quite a few criticisms of the nuclear industry, from various non-profit groups. But lately, there’s a whole heap of them from Canada. And the unnerving thing is that these pesky Canadians are giving “chapter and verse” – facts and figures on how bad things really are, for the nuclear industry.

Of course, the Canadian, and indeed, the global nuclear lobby too, are pretending not to notice this. (But they must be a tad worried, lest too many intelligent people in other countries catch on to this annoying attention to detail)

Susan O’Donnell writes about New Brunswick’s nuclear fantasies – the history of successive governments pouring tax-payers’ money into “advanced” reactor designs that are known by reputable scientists to be commercially unviable. -The Higgs government passing legislation forcing NB Power to buy electricity, at any price, from SMRs if they are ever built and actually work.

The companies involved have been unable to entice private investors, and are unlikely to get federal funding. NB Power’s $5.4-billion debt is mainly due to the poor performance of its Point Lepreau nuclear reactor. New Brunswickers are facing a 19.4 per cent increase in electricity rates. “Keeping the Point Lepreau and SMR fantasies alive will require considerable effort from the new government. “

Another recent example – from the Seniors for Climate Action Now! (SCAN):

They point out :

  • the scandal-ridden nuclear history. 
  • the revolving door between government officials and nuclear industry well-paid jobs.  
  • the government/industry nuclear pitch to NATO-  “Ontario is selling itself as the nuclear North Star to guide the direction of American power”. 
  • the failure of theNuScale SMR project.  
  • OPG’s lengthy submission on small nuclear reactors is full of the things that could go wrong.
  •  the over $40billion cost of refurbishing old end-of-life reactors. 
  • New nuclear reactors at over $60billion

They raise such awkward questions about “Ontario’s journey to becoming an energy superpower”

But then, I forgot that this comes from Seniors. And I’ve just remembered that the nuclear industry is all about the young cool and trendy.

There are so many views from Canadians exploding the nuclear propaganda. And they’re not all old fogeys.

November 2, 2024 Posted by | business and costs, Canada, Christina's notes, politics | Leave a comment

Despite History of Fabrication, Press Uncritically Covers IDF-Provided Documents on Hamas

a pattern of Israel engineering misleading narratives to shape public opinion, and fabricating the evidence needed to do so.

Bryce Greene, FAIR, 1 Nov 24

Earlier this month, the New York Times (10/12/24), Washington Post (10/12/24) and Wall Street Journal (10/12/24) each published front-page articles based on different sets of documents handed to them by the Israeli military.


Israel claims it seized all the documents—in the form of meeting minutes, letters and planning documents—in its ground invasion of Gaza, and that they reveal insights into Hamas’s operations prior to the October 7 attacks. The documents include alleged evidence of Hamas’s pre-10/7 coordination with Iran, plans to blow up Israeli skyscrapers, and even a scheme to use horse-drawn chariots in an attack from Gaza.

Documents received directly from intelligence agencies should always be treated with skepticism, and that’s especially true when their government has a well-documented history of blatant lying. Yet leading newspapers took these Israeli document dumps largely at face value, advancing the agenda of a genocidal rogue state.

A history of lying

Israel’s use of fabrications to shape public perception is well known, and was put on display early in the assault on Gaza that began last October. After an explosion at Al Ahli hospital killed and injured hundreds (misreporting of which caused a great deal of confusion), the media naturally pointed the finger at Israel. The Israeli government, concerned about the public backlash, denied responsibility, claiming that the explosion was caused by a misfired rocket from Palestinian Islamic Jihad. (See FAIR.org, 11/3/23.)

To back up their claims, Israel released a recording allegedly capturing two Palestinian militants discussing Palestinian Islamic Jihad’s responsibility for the strike. However, an analysis by the firm Earshot found that the audio was the result of two separate channels being edited together (Channel 4, 10/19/23). In other words, Israel engineered a phony audio clip in an attempt to clear itself of war crimes  in the public mind.

Investigations based on open sources have since come to various conclusions about the attack (Guardian, 10/18/23; Bellingcat, 10/18/23; Human Rights Watch, 11/26/23; AP, 11/22/23; Michael Kobs, 2023; New Arab, 2/19/24), but Israel’s fraudulent attempt to manipulate evidence certainly suggests that they had something to hide, and demonstrates their lack of reliability as a media source. Recently, the UN released a report accusing Israel of systematically targeting healthcare infrastructure in Gaza, making their denials of this earlier attack far less credible.

In another instance, Israel presented 3D renderings of a supposed Hamas “command center” beneath Al Shifa hospital, claiming it was based on intelligence. However, no such command center was ever found (FAIR.org, 12/1/23). Upon storming the hospital, Israel staged scenes in order to bolster claims that the facility was used by militant groups. The deception was so blatant that mainstream outlets were openly calling it out.

Recently Israel was caught actually providing fabricated documents to the press with the aim of manipulating public opinion. Earlier this year, the Israeli government provided documents to both the Jewish Chronicle (9/5/24) and the German paper Bild (9/6/24) that purportedly showed that Hamas had no interest in a ceasefire, and had a plan to sneak the late Hamas chief Yahya Sinwar out of Gaza to Iran, along with some of the remaining hostages. The reports were then uncritically repeated in outlets like the Times of Israel (9/6/24).

Shortly after these documents were published, the Israeli paper Yedioth Ahronoth (9/8/24) reported on an internal IDF investigation that found that they had been leaked to foreign media as part of a campaign to “shape public opinion on Israel.” The documents were determined to be forgeries, after a comprehensive search of all databases containing documents found in the wake of Israel’s operations. The IDF told the paper that an investigation was underway to determine the origin of the leak.

This non-exhaustive list of examples demonstrates a pattern of Israel engineering misleading narratives to shape public opinion, and fabricating the evidence needed to do so.

Questionable authenticity

Whether they are authentic or not, it is clear that the documents leaked to the Wall Street Journal, New York Times and Washington Post serve the same purpose of propagandizing on behalf of Israel. In an attempt to preserve some journalistic integrity, the Post and Times both gave separate justifications for why they believed the respective documents leaked to them were authentic.

The Post was quick to note that “the documents’ authenticity could not be definitively established,” but gave readers the impression there was reason to believe they were real. First, it claimed that the contents of the documents it received were

“broadly consistent” with US and allies’ post–October 7 intelligence assessments about Hamas’s long-range planning and complex relationship with Iran.

…………………………………………..While Haaretz made no note of the leaked documents provided to the Wall Street Journal, the article ironically acknowledged that

having them published by Fox News or even the Wall Street Journal would have looked like an Israeli public diplomacy operation rather than a legitimate journalistic investigative report.

Haaretz noted that the documents promote narratives that “Israel would be happy to burn into the world’s consciousness,” namely the well-known propaganda effort to equate Hamas with organizations that are universally reviled by Americans. The Post documents purportedly outlined a Hamas plan to blow up a skyscraper in Tel Aviv, evoking the September 11 attacks against the World Trade Center:

The Hamas documents are supposed to bolster Netanyahu’s claim that Israel isn’t fighting against a liberation movement seeking to free the occupied Palestinian people, or even against a paramilitary organization that is poorly funded and trained and lacks planes, the Iron Dome anti-missile system, tanks and artillery….

Rather, it is fighting a terrifying “axis of evil” led by Iran that threatens to destroy Western culture as a whole.

Haaretz also argued that this kind of propaganda campaign was designed to ensure that the violence continues to escalate:………………………………………………………….

………………….Israel’s campaign of genocide in Gaza and greater war in the Middle East has been successful in part because the Israeli government can count on Western press to present and contextualize facts in a way that advances their narrative. Despite Israel’s long history of fabrications, the corporate media will dutifully republish documents, statements and explanations with complete credulity. https://fair.org/home/despite-history-of-fabrication-press-uncritically-covers-idf-provided-documents-on-hamas/

November 2, 2024 Posted by | Israel, media, USA | Leave a comment

Report: US Sitting on Nearly 500 Reports of US Weapons Killing Civilians in Gaza

Officials are reportedly ignoring the Biden administration’s own weapons guidance to continue fueling Israel’s genocide.

By Sharon Zhang , Truthout, October 30, 2024,  https://truthout.org/articles/report-us-sitting-on-nearly-500-reports-of-us-weapons-killing-civilians-in-gaza/

iden administration officials are sweeping aside hundreds of reports of Israeli forces using U.S.-provided weapons to slaughter civilians in Gaza, new reporting finds, flouting the administration’s own policies regarding weapons to give Israel a pass.

According to a new report by The Washington Post published Wednesday, the State Department has received nearly 500 reports of U.S. weapons being used in attacks that caused “unnecessary harm” to civilians amid Israel’s genocide. But, despite policies requiring these reports to be urgently investigated, hundreds of the cases are still unresolved, former and current officials cited by the Post said.

In August of last year, the Biden administration established a process for responding to incidents of U.S.-made weapons killing civilians. Under the system, known as the Civilian Harm Incident Response Guidance, officials must recommend actions like a suspension of arms transfers if U.S. weapons are found to have been used to kill civilians by U.S. allies. At the time, the initiative was lauded as a step toward reducing civilian harm and boosting the U.S. commitment to human rights.

The State Department receives the reports from within the government, as well as humanitarian aid groups, media reports and eyewitness accounts. As media reports have demonstrated numerous times over the past year of the genocide, many reports are accompanied by photographic evidence of fragments of U.S. weapons at sites of attacks.

However, as the U.S. has done countless times over the last year of the genocide (and in the decades of Israeli apartheid preceding it), officials are ignoring their own regulations in order to continue fueling Israel’s atrocities in Gaza, the occupied West Bank, Lebanon, and beyond.

Even though the guidance requires investigations to be done within two months, over two-thirds of the cases are unresolved, “with many pending response from the Israeli government, which the State Department consults to verify each case’s circumstances,” the Post writes.

Officials have not taken a single case to the final stage, where action is recommended, officials said, despite the deadlines.

One of the cases reportedly concerns the Israeli military’s killing of 6-year-old Hind Rajab and the paramedics who came to save her — despite U.S officials’ public insistence that they are relying only on Israel’s own investigation into the killing. Another regards a horrific Israeli strike in July on the Gaza “humanitarian safe zone” in al-Mawasi, in which Israeli forces dropped eight 2,000-pound bombs on civilian areas and killed at least 90 Palestinians.

Humanitarian groups, Gaza officials and weapons experts — including ones within the State Department — have repeatedly said that Israel is making extensive use of U.S. weapons to commit war crimes against Palestinians in Gaza. In fact, experts have said that it would be impossible for Israel to carry out the level of destruction it has in Gaza without U.S. help.

The Washington Post report is the latest evidence that the Biden administration is purposefully sidestepping domestic law in its support of Israel.

In a bombshell finding last month, ProPublica found that, this spring, two U.S. agencies had recommended a suspension of weapons transfers to Israel, citing Israel’s humanitarian aid blockade and attacks on aid efforts.

But Secretary of State Antony Blinken lied to Congress about the findings, saying that the government did not assess that Israel has been blocking humanitarian aid just as Israel embarked on its Rafah invasion that would mark the beginning of an even harsher Israeli aid blockade. Now, months later, aid entry into Gaza has hit record lows, as disease and famine plague the population.

November 2, 2024 Posted by | Gaza, Israel, USA, weapons and war | Leave a comment

Gravelines nuclear power plant: EDF refuses to respond on flood risks and tries to silence whistleblowers

Greenpeace France reminds that Monday morning’s action in the perimeter of the Gravelines power plant carries a message of public interest on the risks of marine submersion and flooding on the Gravelines power plant, an area combining climatic, industrial and nuclear vulnerabilities. For Greenpeace France, in light of the forecasts of scientists and the large uncertainties of the different climate scenarios, it is too dangerous to build two new nuclear reactors on this site, as EDF aims to do.


 Greenpeace France 30th Oct 2024, https://www.greenpeace.fr/espace-presse/gravelines-edf-refuse-de-repondre-sur-les-risques-dinondations-et-tente-de-faire-taire-les-lanceurs-dalerte/

After more than 48 hours of deprivation of liberty, 10 of the 12 activists arrested have just been released. This arrest follows the action of Greenpeace France in the perimeter of the Gravelines power plant . Since 9 a.m. this morning, a gathering has been taking place in front of the Dunkirk Judicial Court, at the initiative of several local organizations that came to support the activists. The court informed the activists that a trial would be held on March 3, 2025 at 1:30 p.m. for intrusion into a civil facility housing nuclear materials in assembly. EDF has filed a complaint [1].

After spending two nights in police custody, the activists were brought before the Dunkirk Judicial Court in the early morning, at the request of the public prosecutor. The first activist to be released was deprived of his liberty for a total of 52 hours.

Greenpeace France reminds that Monday morning’s action in the perimeter of the Gravelines power plant carries a message of public interest on the risks of marine submersion and flooding on the Gravelines power plant, an area combining climatic, industrial and nuclear vulnerabilities. For Greenpeace France, in light of the forecasts of scientists and the large uncertainties of the different climate scenarios, it is too dangerous to build two new nuclear reactors on this site, as EDF aims to do.

While EDF refused to respond to Greenpeace France’s questions sent during the summer concerning the consideration of the impacts of climate change on the choice of the Gravelines site and the construction of new nuclear reactors, Greenpeace France dug into the subject and examined EDF’s project file, which resulted in the publication of a report on October 3 demonstrating the underestimation of the seriousness of climate change and the risks inherent in this project to build new reactors.

Greenpeace France also got involved in the consultation areas, particularly the ongoing public debate in Gravelines, and repeated its questions to obtain information on flood risks and the protective measures planned for the new reactors, ahead of the meetings on nuclear safety (theme of 19 November) and climate change (theme of 10 December). After Monday’s action, media reported that EDF did not wish to comment.

For Pauline Boyer, Energy Transition campaign manager at Greenpeace France: ” EDF is ignoring our questions about the risks that the construction of the two EPR2 reactors in Gravelines would create for the population, the workers at the plant and for the environment. In line with its behavior during the public debate for its similar project in Penly, it is clearly sending a signal of contempt for questions from the public, whether NGOs or residents. EDF is operating a diversion strategy by taking activists to court over the form of their action, in order to better evade the substantive issues. EDF is losing more points of trust. EDF will not succeed in gagging the whistleblowers. “

For Marie Dosé, the activists’ lawyer: ” The custody measures are unjustified and have only one purpose: to dissuade activists from alerting the population on a subject of general interest. All of them could have been the subject of a free hearing but, once again, the prosecuting authority preferred to make them sleep two nights in cells and bring them hastily before the court. “
Two activists remain in court at the time of writing this press release.

November 2, 2024 Posted by | climate change, France, opposition to nuclear | Leave a comment

ExoAnalytic observes 500 pieces of debris from Intelsat 33e breakup

It is too early to say whether parts of Intelsat 33e could hit another object in orbit after the satellite broke up Oct. 19, which could create more potentially hazardous debris.

Jason Rainbow, October 28, 202

TAMPA, Fla. — U.S.-based space-tracking company ExoAnalytic Solutions has identified about 500 pieces of debris from Intelsat 33e’s recent breakup in geostationary orbit (GEO).

“The size of the debris we are tracking ranges from small fragments roughly the size of a softball to larger pieces up to the size of a car door,” ExoAnalytic chief technology officer Bill Therien told SpaceNews in an Oct. 28 email.

“The majority of the tracked objects are on the smaller end of that spectrum, which contributes to the difficulty of consistently observing all the debris pieces.”

ExoAnalytic has observed 108 of these pieces in the last 24 hours, Therien said, adding that the company does not expect to observe every piece of debris each night because size, velocity, and position relative to ground sensors can influence whether the debris is visible during a particular observation window.

In addition, it is possible some of them are no longer present, such as solid fuel fragments that are evaporating.

“The debris field from an incident like this can be complex, and new pieces can be more reliably tracked over time,” Therien said………

It is too early to say whether parts of Intelsat 33e could hit another object in orbit after the satellite broke up Oct. 19, which could create more potentially hazardous debris……………………………………………………………………. https://spacenews.com/exoanalytic-observes-500-pieces-of-debris-from-intelsat-33e-breakup/?utm_source=ActiveCampaign&utm_medium=email&utm_content=%F0%9F%A4%9DLockheed%20Martin%20buys%20Terran%20Orbital%20-%20SpaceNews%20This%20Week&utm_campaign=SNTW%20Nov%201%202024

November 2, 2024 Posted by | space travel | Leave a comment

Department of Defense Releases Fiscal Year 2024 Military Intelligence Program Budget – just the bare $29.8 billion

https://www.defense.gov/News/Releases/Release/Article/3952746/department-of-defense-releases-fiscal-year-2024-military-intelligence-program-b/

Today, the Department of Defense released the Military Intelligence Program (MIP) appropriated top line budget for FY2024. The total was $29.8 billion and is aligned to support the National Defense Strategy.

The Department determined that releasing this top line figure does not jeopardize any classified activities within the MIP.  No other MIP budget figures or program details will be released, as they remain classified for national security reasons.

November 2, 2024 Posted by | USA, weapons and war | Leave a comment

NextEra No Longer Bullish on Nuclear SMRs

By Alex Kimani –  Oil Price , Oct 31, 2024,

NextEra Energy is exploring the reopening of the Duane Arnold nuclear plant amid rising data center interest but remains cautious on the viability of small modular reactors.

SMRs, though promising in terms of smaller size, lower fuel needs, and modular design, face significant challenges.

High production costs for HALEU, estimated to reach up to $25,725/kg, pose a substantial financial hurdle.

……………………..CEO John Ketchum said he was “not bullish” on small modular reactors (SMRs), adding that the company’s in-house SMR research unit has so far not drawn favorable conclusions about the technology.

“A lot of [SMR equipment manufacturers] are very strained financially,” he said. “There are only a handful that really have capitalization that could actually carry them through the next several years.”

Ketchum might have a valid point. …………………………………………….

The U.S. Department of Energy has so far spent $1.2B on SMR R&D and is projected to spend nearly $6B over the next decade. Last year, the U.S. Nuclear Regulatory Commission (NRC) certified NuScale Power Corp.(NYSE:SMR) VOYGR 77 MW SMR in Poland, the first ever SMR to be approved in the country.

But there’s a big problem here because the fuel required to power these novel nuclear plants might be really expensive.

Three years ago, U.S. Nuclear Regulatory Commission (NRC) approved Centrus Energy Corp.’s (NYSE:LEU) request to make High Assay Low-Enriched Uranium (HALEU) at its enrichment facility in Piketon, Ohio, becoming the first company in the western world outside Russia to do so. A year later, the U.S. Department of Energy (DoE) announced a ~$150 million cost-shared award to American Centrifuge Operating, LLC, a subsidiary of Centrus Energy. HALEU is a nuclear fuel material enriched to a higher degree (between 5% and 20%) in the fissile isotope U-235. According to the World Nuclear Association, applications for HALEU are currently limited to research reactors and medical isotope production; however, HALEU will be needed for more than half of the SMRs currently in development. HALEU is only currently available from TENEX, a Rosatom subsidiary.

………..A 2023 survey by the Nuclear Energy Institute on U.S. advanced reactor developers estimated that the total market for HALEU could reach $1.6 billion by 2030 and $5.3 billion by 2035.

Last year, the Nuclear Innovation Alliance (NIA) published a report wherein they discussed production costs for HALEU.  Here’s an excerpt from the report:

‘‘Calculated HALEU production cost for uranium enriched to 19.75% is $23,725/kgU for HALEU in an oxide form and $25,725 for HALEU in a metallic form under baseline economic assumptions but could be higher.’’

The report claims that a SWU (Separative Work Unit) is going to cost a lot more in a HALEU enrichment cascade compared to a standard LEU (Low-Enriched Uranium) enrichment cascade. 

……………….NIA reckons it might cost ~$2000/kgU to make HALEUF6 into HALEUO2, and as much as $4000/kgU to make HALEUF6 into HALEU-metal. At the end of the day, you’d end up with  HALEU with 28 times the fissile content of natural uranium at over 100 times the price. 
https://oilprice.com/Alternative-Energy/Nuclear-Power/NextEra-No-Longer-Bullish-on-Nuclear-SMRs.html

November 2, 2024 Posted by | business and costs, Small Modular Nuclear Reactors, UK | Leave a comment

UK urged to break with France, North Korea and Russia on UN nuclear war resolution


  Julian Borger Guardian 31st Oct 2024

Non-proliferation groups call on government not to oppose creation of a study into effects of nuclear conflict

Non-proliferation groups are urging the UK government to make a late about-turn on plans to vote alongside France, Russia and North Korea against a UN resolution to study the effects of nuclear war.

In a debate on Friday, a UN general assembly committee will discuss a resolution to create an international panel of scientific experts to examine the global impact of different nuclear conflict scenarios.

The resolution, drafted by Ireland and New Zealand, is expected to be overwhelmingly approved by the committee and then later by the full assembly. Diplomats involved in preparations for the vote say the US and China are expected to abstain but that the UK, France, Russia and North Korea had indicated they were likely to vote against.

London and Paris joining forces with Moscow and Pyongyang would not stop the resolution but could have an impact on their reputations when it comes to other nuclear proliferation issues.

The UK and French missions to the UN did not respond to requests for comment and diplomats in New York said final decisions could be left until the last hours before the vote.

Arms control advocates expressed disappointment on Thursday that, with just 24 hours to go before the debate, the UK’s new Labour government had shown no signs of changing course.

“People naively thought that, with a Labour government, you would see a shift away from this kind of weird line that the UK has taken on this particular type of thing,” said Patricia Lewis, the head of the international security programme at the Chatham House thinktank. “Maybe this is the Labour party trying to be more Catholic than the pope when it comes to nuclear weapons, but why not vote with the US, and abstain?”

The panel proposed in Friday’s resolution would be the first such UN-mandated study since 1988 and experts say a lot has changed since then, in science and the nuclear threats around the world. For example, Russia and North Korea, countries which have made aggressive nuclear threats, have entered a deepening partnership.

Lewis argued that a no vote by the UK and France would undermine their credibility with other UN member states, especially when London and Paris are trying to rally global support for criticism of Moscow.

“The UK has been struggling to get countries like South Africa and Brazil onboard over the whole issue of Russia’s behaviour, so this is an opportunity for the UK to say: ‘Yes, we hear you,’” Lewis said.

Observers believe the UK position could be the result of a pact with France to fend off criticism of their nuclear arsenals………………………………………………………………………………………

In April, the UK Royal Society was part of a joint statement by the national academies of science of the G7 member states, which said: “Among the roles of the scientific community are to continue to develop and communicate the scientific evidence base that shows the catastrophic effects of nuclear warfare on human populations and on the other species with which we share our planet.”

While some governments and national scientific institutions have done their own research, supporters of the resolution said a UN panel could establish a global consensus and a scientific “gold standard”, emulating the Intergovernmental Panel on Climate Change, and have an impact on policy.

“Studying the results of nuclear war will flesh out how bad it would be to have one, and maybe add pressure on countries who would otherwise think about using nuclear weapons,” said Andrey Baklitskiy, a senior researcher at the UN Institute for Disarmament Research. “Their leaders, their elites would maybe study or read it, or their populations, or partners or allies, who would maybe say we really don’t want this to happen.”
https://www.theguardian.com/world/2024/oct/31/uk-urged-break-france-north-korea-russia-un-nuclear-war-resolution

November 2, 2024 Posted by | politics international, UK | Leave a comment

Race to build Britain’s first mini-nukes delayed again in Budget

‘Tortuously slow’ decision-making blamed for decision to push back development of small modular reactors.

Matt Oliver,  Telegraph 31st Oct 2024 https://www.telegraph.co.uk/business/2024/10/31/race-to-build-britains-first-mini-nukes-delayed-again-reeve/

Ministers have delayed the competition to build Britain’s first
mini-nuclear power plants, amid “tortuously slow” decision-making in
Whitehall. The contest to develop small modular reactors (SMRs) was
whittled down to four contenders last month, with two winners originally
expected to be chosen by late this year or early 2025.

That already represented a significant delay on timelines originally set out when six
vendors were shortlisted a year ago. However, the Government has now pushed
back the selection of winners even further, with a decision not expected
until the spring.

The two-sentence update was snuck out in Budget documents
published alongside a speech by Rachel Reeves, the Chancellor, on
Wednesday. On Thursday, Great British Nuclear (GBN) confirmed the new
timetable and said it would provide further updates “in due course”. It
is understood the delay is largely down to a slower-than-expected pace of
decision-making in Whitehall, as well as fears that the process risks being
challenged by judicial review if it is not robust enough.

November 2, 2024 Posted by | business and costs, politics, UK | Leave a comment

Nuclear Energy “Renaissance”: Should You Buy NuScale Power Stock?

The Motley Fool, By Brett Schafer – Oct 27, 2024

Key Points

The stock is incredibly risky at the moment.

NuScale Power stock is up close to 500% this year.

The company wants to disrupt the energy market with small modular reactors.

Companies are betting big on nuclear energy to power AI…………..

Tens of billions are going to be spent on nuclear power in the next few decades, but there are few publicly traded nuclear energy stocks one can buy. One, NuScale Power Corp (SMR -0.68%), plans to disrupt the market with its new small modular reactors (SMRs). Its shares are up close to 500% this year as investors pile into the nuclear energy trade. Should you follow them and buy some shares yourself?

………………………NuScale won’t generate meaningful revenue for years

The problem is, NuScale Power is far from this reality. The company has never sold an SMR and has virtually zero revenue today. Many companies in multiple countries have proposed deals with NuScale, but none are operational and, if they ever get built, they won’t be ready until 2030 or later. That is over five years until NuScale Power is generating any form of revenue, let alone profits.

Given all the upfront costs in research and development, Nuscale is currently burning a lot of cash. Over the last 12 months, its free cash flow was negative $170 million. That is more than the cash it holds on the balance sheet ($130 million). What this means is NuScale is set to run out of money within a year but needs over five years of runway — if not more — before getting its SMRs commercialized. Management is going to need to raise money in the form of stock offerings or debt to bridge the gap between this cash burn and the time when its SMRs finally get sold.

The stock is shaky, at best

Investors in NuScale Power are thinking all about the upside of SMR technology right now. That is why the stock is up close to 500% in less than 12 months. However, there is a lot of potential downside that they may be forgetting right now, and that is how investors can get in trouble.

For one, it trades at a market cap of $1.7 billion and has zero revenue. Shareholders are likely going to be weighed down by stock offerings or debt, which will need to happen within the next 12 months. This will present a headwind to long-term shareholder returns.

Two, we don’t even know if the SMR technology will work. It isn’t proven, and it is unclear whether utilities want these solutions or the older large nuclear reactors. The idea of SMRs makes sense, but it is only an idea. And ideas don’t generate positive cash flow.

NuScale Power is a pre-revenue business burning a ton of cash that will likely stay pre-revenue through 2030. Even though the stock is soaring, smart investors will stay far away from this risky stock. There are better places to store your money right now.  https://www.fool.com/investing/2024/10/27/nuclear-energy-renaissance-should-you-buy-nuscale/?fbclid=IwY2xjawGQ6g9leHRuA2FlbQIxMQABHTdbZQF5x3-PErplyYXEJmIRC-1UX_k9hjjgDgdnSdU8KfJLMojZSpSrlQ_aem_felvtV_-cil14iXalVC_yg

November 2, 2024 Posted by | business and costs, USA | Leave a comment

Technical troubles delay new tests at huge Eastern WA radioactive waste melter

BY ANNETTE CARY, Tri City Herald, June 21, 2024 

The Department of Energy is unlikely to meet a deadline set by a federal court for the next step to prepare the Hanford site’s vitrification plant to treat radioactive waste for disposal. On Thursday DOE notified the Washington state Department of Ecology that it was at risk of not meeting the Aug. 1 deadline to start cold commissioning of the plant, a test of vitrification using nonradioactive chemicals to simulate waste before radioactive waste is introduced into the plant.

DOE is asking the Department of Ecology to agree to a four-month extension to Nov. 29 of this year. “The process for commissioning this first-in-kind facility is comprehensive and dynamic,” said DOE Hanford Manager Brian Vance in a message to Hanford employees Thursday…………………..

DOE remains committed to starting treating radioactive waste by the federal court consent decree deadline of August 2025, Vance said, despite the shortened time proposed between the start of cold commissioning and introducing radioactive waste into the plant for hot commissioning. DOE broke ground 22 years ago on the vitrification plant at the Hanford nuclear reservation to turn much of the 56 million gallons of radioactive and hazardous chemical waste stored in underground tanks into a stable glass form for disposal.

The waste is left from chemically processing uranium fuel irradiated at the Hanford site adjacent to Richland in Eastern Washington to produce nearly two-thirds of the plutonium for the nation’s nuclear weapons program from World War II through the Cold War.

The current plan is to begin treating some of the least radioactive tank waste next year as DOE continues to work toward meeting a consent decree deadline to also start treating high level radioactive waste in the tanks by 2033.

The 2010 consent decree resulted from a Department of Ecology lawsuit over legal deadlines that DOE had missed or was near certain to miss. The consent decree deadlines originally called for cold commissioning to treat both low activity radioactive waste and high level radioactive waste to begin in 2018. Consent decree deadlines have been extended several times over the last 14 years, including to allow DOE more time due to work delays caused by the COVID pandemic. The Department of Ecology said Thursday morning that it was reviewing the notification from DOE, which also was sent to Oregon.

If the Department of Ecology agrees to the extension, the federal court must then sign off on the change. TECHNICAL ISSUE AT HANFORD PLANT DOE told the Department of Ecology in its notification Thursday that it has had technical issues with the glass former system at the vitrification plant’s Low Activity Waste Facility.

Glass forming materials are planned to be mixed with waste and then heated to fill canisters with a molten glass mixture. After cooling, the radioactive waste will be immobilized and ready for disposal.

The glass forming material is trucked to 12 vertical tanks outdoors at the vitrification plant in central Hanford. From there horizontal pipes with a screw conveyor are used to move the solid glass forming material into vessels inside the plant before the glass forming material and waste or waste simulant are added to melters.

There have been problems with clogging as the system has been used so far to move 40,000 pounds of glass forming material into the plant. The issue with the glass forming system is the main reason DOE has asked for a deadline extension, but it also has some other issues it is addressing at the vitrification plant that might interfere with the Aug. 1 deadline to start cold commissioning. Other issues are with the thermal catalytic oxidizer, the steam plant Morrison tubes and the overall reliability of the mechanical handling system, DOE told the Department of Ecology.

The delay comes as DOE and its vitrification plant contractor Bechtel National have been making progress on preparing to treat waste at the vitrification plant……….

The first shipment of 10,000 gallons of the simulated waste, which is liquid sodium hydroxide, has been delivered to the vitrification plant for the start of cold commissioning after technical issues with the glass forming system are resolved……..  https://www.tri-cityherald.com/news/local/hanford/article289415648.html?fbclid=IwY2xjawGQ85pleHRuA2FlbQIxMAABHXSOmqPdX05-ob45hMlDtydxbNAUQaYy3hZHsjjJN36uXswbGOitN8vfCw_aem_T6xrJeHnpOhqhMLAvIemaQ

November 2, 2024 Posted by | USA, wastes | Leave a comment

Onagawa nuclear plant’s restart sparks concerns over evacuation routes


 Japan Times 30th Oct 2024

Located on the intricate ria coast of the Oshika Peninsula, Tohoku Electric Power’s Onagawa nuclear power plant — which was restarted on Tuesday — sits amid a maze of narrow, winding mountain roads and remote islands with few transportation options.

When the Great East Japan Earthquake struck in 2011, several sections of evacuation routes along prefectural roads were closed. Residents now fear about their ability to escape if another disaster hits.

According to Miyagi Prefecture’s road management division, two main coastal prefectural roads along the peninsula were partially closed after the earthquake due to road surface collapses, while another inland road saw nine landslides that cut off isolated communities for around 10 days………………….(Subscribers only) https://www.japantimes.co.jp/news/2024/10/30/japan/society/onagawa-evacuation-challenges/

November 2, 2024 Posted by | Japan, safety | Leave a comment

A small amount of nuclear fuel debris retrieved at Tepco Fukushima plant


 Japan Times 31st Oct 2024
https://www.japantimes.co.jp/news/2024/10/31/japan/fukushima-debris-catch/

A device has retrieved a small amount of nuclear fuel debris during trial work to remove debris from a reactor at Tokyo Electric Power Company Holdings’ Fukushima No. 1 plant, the company has said.

It is expected to take about a week to finish collecting the portion of debris.

If successful, it will be the first time for nuclear fuel debris to be removed from any of the three reactors at the plant that experienced meltdowns following the March 2011 Great East Japan Earthquake and tsunami.

The trial work began just before 10 a.m. on Wednesday.

A claw-like tool attached to the tip of a telescopic collection device was lowered toward debris at the bottom of the containment vessel of the No. 2 reactor at the plant in Fukushima Prefecture.

The remotely operated device retrieved a small amount of debris at 10:30 a.m.

Tepco was set to pull out the removal device from the containment vessel Thursday or later and put the debris in a transport container.

If radiation levels are higher than expected, the debris may be put back into the containment vessel to avoid workers being exposed to radiation.

If they are not higher than expected, however, the collected debris will be analyzed at a facility of the Japan Atomic Energy Agency.

About 880 tons of nuclear fuel debris are believed to sit inside the meltdown-stricken No. 1 to No. 3 reactors.

Removing the debris is viewed as the most difficult part of the process of decommissioning the Fukushima plant.

Tepco initially planned to begin the removal work in 2021.

It started in September this year about three years behind schedule due chiefly to delays in the development of the device and problems with preparing for the work.

November 2, 2024 Posted by | Fukushima continuing, wastes | Leave a comment