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Depressing news for the nuclear lobby in Western Europe

Western Europe cools on plans for nuclear power https://climatenewsnetwork.net/western-europe-cools-on-plans-for-nuclear-power/, November 25th, 2020, by Paul Brown  As more reactors face closure, governments in Europe may prefer renewable energy to replace nuclear power.

LONDON, 25 November, 2020 – News that two more reactors in the United Kingdom are to shut down on safety grounds earlier than planned has capped a depressing month for nuclear power in Europe.

The news came after weeks of unfounded speculation, based on “leaks”, that the British government was about to take a stake in a giant new French-designed nuclear power station planned at Sizewell in Suffolk on the east coast of England as part of a “Green New Deal.” Taxpayers’ backing would have enabled the heavily-indebted French company EDF to finance the project.

In the event Boris Johnson, the prime minister, in his 10-point “green” plan  for the UK, boosted a far more speculative alternative scheme from a Rolls-Royce consortium which was helping to pay for research and development into a full-blown proposal to construct 16 small modular reactors (SMRs).

He failed to mention the Sizewell scheme at all, and instead of singing the praises of nuclear power extolled the virtues of offshore wind power, in which the UK is currently the world leader.

Johnson hopes that offshore wind will produce enough electricity to power every home in Britain, leaving little room for a nuclear industry. He has referred to the UK as “becoming the Saudi Arabia of wind power.”

Meanwhile across the English Channel in Belgium the Electrabel company – the Belgian subsidiary of French utility Engie – has cancelled any further planned investment in its seven-strong nuclear reactor fleet because of the government’s intention to phase out nuclear power by 2025.

“The cause of this damage [at Hunterston] is not fully understood, and it is entirely possible that this form of age-related damage may be much more extensive”

Plans will only be re-instated if a Belgian government review fails to find enough alternative electricity supply to replace the reactors’ output. The seven Belgian reactors currently produce half the country’s electricity supply.

These reversals come seven years after British governments promised a nuclear renaissance by encouraging French, Japanese, American and finally Chinese companies to build ten nuclear power stations in the UK. Only one station has been begun, a £22 billion (US$29 bn) joint venture between EDF and Chinese backers.

The French, with a 70% stake and the Chinese with 30%, began work on the twin reactors, to be known as Hinkley Point C, in Somerset in the West of England more than two years ago. The station was due to be completed in 2025, but is behind schedule and has cost overruns.

The two partners wanted to replicate these reactors at the planned Suffolk plant, Sizewell C, but EDF has not found the necessary capital to finance it, hoping that the London government would either take a stake or impose a nuclear tax on British consumers to help pay for it.

The idea was for Hinkley Point C and Sizewell C to replace the 14 smaller reactors that EDF owns in Britain, thus keeping the nuclear industry’s 20% share of the UK’s electricity production. Johnson appears to have dashed these hopes. At best Hinkley Point C will produce 7% of the nation’s needs.

Meanwhile there is a question mark over the future of EDF’s remaining reactor fleet in Britain. Two of the 14, also at the Sizewell site, are French-designed pressurised water reactors opened in 1991, and have plenty of life left in them, but the other 12 are all older British-designed advanced gas-cooled reactors (AGRs) that use graphite blocks to control nuclear reactions.

Premature closure

A serious safety flaw has emerged in this design, involving hundreds of cracks in the graphite, causing doubts over whether the reactors could be turned off quickly in an emergency.

After a long stand-off with the UK’s nuclear safety watchdog, the Office for Nuclear Regulation, EDF decided earlier this year to prematurely close two of the worst affected reactors – both in a station known as Hunterston B in Scotland. Now, for the same reason, two further reactors at Hinkley Point B in Somerset will also close. All four reactors will be defuelled in 2022.

Currently six of these 12 AGR reactors are turned off – out of service for maintenance or safety checks. Two of them, at Dungeness B on the south-east coast of England, have been undergoing repairs since 2018 – this time because of corrosion of vital pipework – although cracks in the graphite blocks are also a safety issue here too.

While EDF remains upbeat about its prospects in developing nuclear power and is keeping its remaining ageing AGR reactors going until they can be replaced, it is hard to see where the company will get the money to build a new generation of reactors or attract government subsidies to do so.

The UK’s decision to back the British company Rolls-Royce to develop SMRs means it is unlikely the government has the money or the political inclination to back the French as well.

Rolls-Royce has been badly hit by the Covid-19 pandemic because a large part of its business relies on the struggling aviation business, while it needs support because it makes mini-reactors to power British nuclear submarines. The proposed SMR research programme will allow nuclear-trained personnel to switch between military and civilian programmes. 

Long out of office

The Rolls-Royce SMRs are a long shot from the commercial point of view, since they are unproven and likely to be wildly expensive compared with renewable energy. However, they have the political advantage of being British, and their development lies so far into the future that the current government will be out of office before anyone knows whether they actually work or are economic.

As far as the current crop of reactors is concerned, it is clear that at least those with graphite cores are nearing the end of their lives. Nuclear power has some way to go before it can expect a renaissance in the UK.

Paul Dorfman is a research fellow at University College London. He told the Climate News Network: “It is apparent that the graphite cores of Hunterston B, Hinkley B, and possibly all UK AGR reactors have developed and continue to develop significant structural damage to graphite bricks, including keyway cracks in the fuelled section of the reactor.

“It is also clear that the cause of this damage is not fully understood, and it is entirely possible that this form of age-related damage may be much more extensive.

“Given that weight loss in graphite blocks and subsequent graphite cracking occurs in all UK AGRs, what’s happening with Hunterston B has significant implications for the entire UK AGR fleet.

Dr Dorfman concluded: “Given the parlous finances of EDF, who are already struggling with their own reactor up-grade bills in France, it is entirely likely that UK nuclear generation will be reduced to  just Sizewell B, with electricity generation relying almost entirely on renewables by the time Hinkley C comes online, very late and over-cost as usual.” – Climate News Network


November 26, 2020 Posted by | business and costs, politics, UK | Leave a comment

European Commission approves Romania’s purchase of nuclear reactors

November 26, 2020 Posted by | EUROPE, marketing | Leave a comment

UK government losing enthusiasm for new nuclear power stations, as grim financial realities set in

November 23, 2020 Posted by | business and costs, politics, UK | Leave a comment

Standard nuclear designs are still too costly, and safety features are only a third of nuclear costs.

Ars Technica 21st Nov 2020, Should any discussion of nuclear power go on for long enough, it becomes inevitable that someone will rant that the only reason they’ve become unaffordable is a proliferation of safety regulations. The argument is rarely (if ever) fleshed out—no specific regulation is ever identified as problematic, and there seems to be no consideration given to the fact that we might have learned something at, say, Fukushima that might merit addressing through regulations.

But there’s now a paper out that provides some empirical evidence that safety changes have contributed to the cost of building new nuclear reactors. But the study also makes clear that they’re only one of a number of factors, accounting for only a third of the soaring
costs. The study also finds that, contrary to what those in the industry seem to expect, focusing on standardized designs doesn’t really help matters, as costs continued to grow as more of a given reactor design was built.

https://arstechnica.com/science/2020/11/why-are-nuclear-plants-so-expensive-safetys-only-part-of-the-story/

November 23, 2020 Posted by | 2 WORLD, business and costs | Leave a comment

Ohio likely to require nuclear reactor audit before renewing bailout

November 21, 2020 Posted by | business and costs, politics, USA | 2 Comments

UK government’s plans for Sizewell and Wylfa nuclear stations are wavering, with doubts about costs

November 21, 2020 Posted by | business and costs, politics, UK | Leave a comment

Britain’s enthusiasm for nuclear power stations is waning.

Bloomberg 20th Nov 2020, Britain’s ambition to renew its aging fleet of nuclear power plants is losing momentum after the government offered few new details on how it will support additional projects. Prime Minister Boris Johnson’s
administration set aside 500 million pounds ($661 million) for small modular reactor projects but was silent on support for traditional
large-scale plants.

The issue gained urgency on Thursday as Electricite de France SA’s announced the closure of its Hinkley Point B reactors two
years early. The government’s latest thinking on how to replace its aging fleet of nuclear plants marks a dramatic shift from 2013, when David Cameron agreed to funding for new reactors at the Hinkley Point site with support from China. Since then, relations with China have deteriorated, electricity demand slumped and renewables such as wind and solar farms became much cheaper than new atomic plants.

https://www.bnnbloomberg.ca/nuclear-power-pushed-to-back-burner-in-u-k-s-green-energy-plan-1.1525271

November 21, 2020 Posted by | business and costs, politics, UK | Leave a comment

Bankrupt AREVA, resuscitated as ‘Framatome’, joins the the Sizewell C nuclear build Consortium

Nuclear Engineering International 18th Nov 2020, Framatome has joined the Sizewell C Consortium, a group of more than 100
companies and organisations from across the UK working to design, supply
and construct the proposed nuclear power station in Suffolk, England.
“Working with the passionate and expert members of the Sizewell C
Consortium, we are engaging new partnerships with British companies and
suppliers to support lifetime management of the country’s existing
nuclear facilities and new build projects,” said Marc Duret, managing
director of Framatome in the UK.

https://www.neimagazine.com/news/newsframatome-joins-sizewell-c-consortium-8368345

November 21, 2020 Posted by | business and costs, UK | Leave a comment

Russia and the United States Nuclear Industry

Trump’s Impact on Nuclear Proliferation,  Treating Foreign Policy as a Business, Just Security,  by Tamsin ShawNovember 18, 2020  “…………….Russia and the United States Nuclear Industry

It’s only relatively recently that the public and private U.S. institutions have begun to examine seriously the intricate financial network that lies behind and links Russian nuclear business dealings in the United States. Public perception of these dealings has been dominated by the false Uranium One conspiracy theory. This distraction has diverted attention from the extent to which Russia has established a strong foothold in the US nuclear industry in a way that suggests an aspiration to vertical control.

The grain of truth in the Uranium One story is that in 2010 Canadian company Uranium One, which was responsible for mining 20% of the currently licensed uranium in the United States, made an agreement with JSC Atomredmetzoloto, or ARMZ, the mining arm of Rosatom, giving them a controlling stake (51%). In 2013 Rosatom acquired full ownership. Uranium One continues to mine approximately 10% of that licensed in-situ uranium.

The United States also relies, both for civilian utilities and defense purposes, on nuclear fuel supplied by Russian subsidiary of Rosatom called Techsnabexport (TENEX). No U.S. uranium enrichment facilities are currently in operation. The U.S. company, Centrus has a new centrifuge design but it will likely be over a decade before it goes into action.

Nor does the United States currently have a company that builds commercial nuclear reactors. The only U.S. company now aiming to construct them is Bill Gates’s TerraPower, which is working on what will likely be the next generation of reactors, small modular reactors (SMRs), but again these won’t be commercially viable for a decade. Commercial nuclear reactors were previously designed and built by US company Westinghouse. But on March 24, 2017, Westinghouse declared Chapter 11 bankruptcy. The sale of that company naturally has serious national security implications. But the story of the sale and of the role that the Trump administration played in it raises many questions.

Trump’s friend and adviser, Tom Barrack, seized on the opportunity presented by the Westinghouse bankruptcy to put together a new version of the Marshall Plan for the Middle East, producing his own document setting out the details. In his March 2017 white paper, Barrack refers to the plan interchangeably as the “Trump Marshall Plan” and the “Trump Plan.” The July 2019 House Oversight and Reform Committee report details the ambitious deal Barrack tried to put together to purchase Westinghouse. Barrack had permission from the highest levels at the White House for a US-led consortium involving Colony Capital, IP3, and financial firms Blackstone and Apollo. Barrack assured Blackstone CEO Steve Schwartzman,

Our GCC [Gulf Cooperation Council] allies in Saudi Arabia and the UAE have committed to invest in the Westinghouse acquisition and are willing to concurrently lock in Westinghouse as the primary partner on the 30+ reactors expected to be constructed in their countries in the coming decade.

IP3 officials were very optimistic. President Trump and Jared Kushner had met with MBS on March 14, and IP3 boasted that this meeting prepared the way for a “partnership to acquire Westinghouse between IP3 and Saudi Arabia.” They eagerly arranged meetings with officials in the administration to promote the plan, including then-CIA Director Mike Pompeo, Director of the National Economic Council Gary Cohn, and top National Security Council (NSC) Staff officials. They also briefed Jared Kushner.

But in January, 2018 it was announced that Canadian company, Brookfield Business Partners, a subsidiary of investing giant Brookfield Asset Management, would purchase Westinghouse. And Westinghouse promptly and unilaterally decided to sever ties with IP3. ProPublica discovered that Kushner was the one who prevented the IP3-led deal from happening, reporting that Kushner “wanted to table the nuclear question in favor of simpler alliance-building measures with the Saudis, centered on Trump’s visit in May, according to a person familiar with the discussions.”

The Westinghouse sale went through on August 1, 2018. Three days later it was announced that Brookfield Properties, another subsidiary of Brookfield Asset Management that had just purchased Westinghouse, would buy Jared Kushner out of his catastrophic real estate deal involving 666 Fifth Avenue.

Who Owns Westinghouse?

The Westinghouse purchase was naturally considered an extremely sensitive deal, deserving scrutiny by the Committee on Foreign Investment in the United States (CFIUS), which at the time included Steve Mnuchin, Rex Tillerson, Jeff Sessions, Wilbur Ross and Dan Coats. The committee approved the transaction but with a Nuclear Regulatory Committee (NRC) Requirements Notice forbidding transfer of their licenses and insisting on compliance with all applicable statutory and regulatory requirements. But the NRC filing submitted to CFIUS is fairly thin. It tells us that Westinghouse would be “ultimately controlled” by Brookfield Asset Management, but little about the money behind the deal. According to their 2018 20-F annual report, BBU acquired 44% of the company, while having a 100% voting interest, having put in $405m of equity totaling $920m, with the balance coming from “institutional partners.” The rest of the purchase price was funded with approximately $3b of long-term debt financing. The sources of the equity and financing aren’t disclosed.

Immediately prior to the Westinghouse sale, prominent foreign policy experts Thomas Duesterberg and William Schneider wrote an article expressing serious concerns about the opacity………….https://www.justsecurity.org/73422/trumps-impact-on-nuclear-proliferation/

November 19, 2020 Posted by | business and costs, politics international, Russia, USA | Leave a comment

£525 million pledged to build UK small nuclear reactors, no funding package yet revealed for £20 billion Sizewell plant

Times 18th Nov 2020. A total of £525 million has been pledged “to help develop large and
smaller-scale nuclear plants, and research and develop new advanced modular
reactors”. However, there is no word as yet on a funding package to
support the proposed £20 billion new nuclear plant at Sizewell in Suffolk.

https://www.thetimes.co.uk/edition/news/boris-johnson-promises-revolution-in-homes-roads-and-industry-n6xzp6jld

November 19, 2020 Posted by | business and costs, politics, UK | Leave a comment

USA looks to get $18billion now, maybe $40billion later, in flogging off nuclear reactors to Poland

November 17, 2020 Posted by | EUROPE, marketing, USA | Leave a comment

Solar energy is bullish in the market; the same can’t be said for nuclear

……..Solar rising,   By Alex Kimani for Oilprice.com  16 Nov 20, 

Whereas the nuclear sector comeback has its work cut out for it, solar power has clearly been on the ascendancy thanks in large part to falling costs.

Nuclear advocates have pointed to rising electricity costs in California as the reason why other states should think twice before adopting its model. Environmental Progress has reported that between 2011 and 2018, power costs in the Golden State increased by 27.9% compared to a 4% national average. This period coincided with a period when California has been aggressively ramping up its renewable generation capacity. Renewable sources currently account for ~30% of California’s electricity generation with an aim to double that by 2030 and hit 100% by 2045.

But that’s being a bit disingenuous because it fails to capture just how much solar costs have fallen over the timeframe.

According to the Solar Energy Industries Association (SEIA), solar installation costs have dropped by more than 70% over the past decade, opening up vast new markets and systems nationwide. The organization says prices as of Q2 2020 dropped to their lowest levels in history across all market segments, with utility-scale prices ranging from $16/MWh – $35/MWh, thus making it competitive with all other forms of generation. Meanwhile, costs for the average-sized residential system were cut in half from a pre-incentive price of $40,000 in 2010 to roughly $20,000 today.

And no, renewables are not to blame for California’s blackouts.

Higher Soft Costs Remain

A common complaint is that solar power is only becoming cheaper for utilities but not for residential applications.

That’s partly true but not entirely so because residential costs have actually been falling but at a slower clip than their bigger brethren.

According to SEIA, residential PV pricing fell only 20% between 2014-2020 to $2.84/Watt mainly due to soft costs, including labor, overhead costs, supply chain, customer acquisition, and permitting/inspection/interconnection costs remaining high. Further, inconsistent permitting practices and building codes and permitting practices across jurisdictions have led to some regions not being able to enjoy the full benefits of falling hardware costs.

Strongly Bullish 

Despite these challenges, the solar sector remains strongly bullish.

Indeed, S&P Platts says that the shift to renewable energy is likely to continue full steam ahead regardless of fed policies noting that the energy transition has “clearly been moving forward on a regional basis,” despite lacking clear endorsement at the federal level under Trump.

It remains to be seen whether nuclear energy can command the same level of support.

 

 

November 17, 2020 Posted by | 2 WORLD, business and costs | Leave a comment

Small nuclear reactor plan by Rolls Royce consortium – not likely to be economically feasible

Rolls-Royce vows to create 6,000 UK jobs with nuclear power station plans, Engineering firm is part of consortium pushing for government backing, Jasper Jolly, Wed 11 Nov 2020 

 ‘……….However,it faces opposition on the grounds of safety, security and cost.

The consortium this week signed agreements with the US company Exelon Generation and the Czech power company CEZ to consider the reactors.

Small nuclear reactors were first developed in the 1950s to use in nuclear-powered submarines. Since then Rolls-Royce has designed reactors for seven classes of submarine and two separate land-based prototype reactors.

However, to be cost-effective for civilian use the power generated by the reactors has to compete with renewable sources such as wind and solar power. The costs of installing renewables have fallen dramatically in the last decade and they do not pose the same safety concerns.

The Financial Times last month reported that the government was backing the plans to commit between £1.5bn and £2bn, and that it would form part of Boris Johnson’s 10-point plan for the environment. However, the second wave of coronavirus has caused the delay of the Treasury’s multiyear spending review. …..

a 2017 study by the consortium partner Atkins found that the electricity produced from the small reactors would be a third more expensive than traditional plants……. https://www.theguardian.com/business/2020/nov/11/rolls-royce-vows-to-create-6000-uk-jobs-with-nuclear-power-station-plans

November 12, 2020 Posted by | business and costs, Small Modular Nuclear Reactors | Leave a comment

Financial problems, proliferation concerns put the brakes on nuclear development in the Middle East

Middle East nuclear ambitions stymied by financial constraints, enrichment fears, S and P Global  , AuthorDania Saadi, EditorKshitiz Goliya-11 Nov 20, 

HIGHLIGHTSIran, UAE producing nuclear power for electricity generation

Egypt, Jordan, Saudi Arabia, Turkey want to follow suit

But Saudi Arabia and Jordan want uranium enrichment

Dubai — While the UAE started its first nuclear reactor this year, other countries in the Middle East are stuck in their plans as they grapple with financial constraints, uranium enrichment aspirations, and Western fears amid Iran’s controversial nuclear ambitions.

he UAE, so far, is the only regional country to have agreed to the so-called “gold standard” in its nuclear cooperation agreement with the US, foregoing any plans to enrich uranium, which is the West’s main cause of concern.

The UAE’s peaceful program includes four 1.4 GW nuclear reactors, the first of which started in August, to meet up to 25% of the country’s electricity needs.

“The question of deployment of sensitive nuclear technologies has been a hot button issue in the Middle East for years, beginning in 1970s when Israel clandestinely produced nuclear weapons and the rest of the countries in the region had to respond to that development,” said Mark Hibbs, senior fellow at the Carnegie Endowment for International Peace’s nuclear policy program.

“Nuclear transparency issues in the Middle East are not confined to just to one or two or three countries but are the concern of virtually all states in a region where suspicion is widespread and where international cooperation and confidence building are limited.”

Saudi nuclear plans

In Saudi Arabia, earlier scenarios to develop 17.6 GW of nuclear power by 2032 have been scaled back to building a mix of 1.2-1.6 GW and small modular reactors without any set timeline.

However, the West has concerns about the Saudi program because of its stated intentions to mine and enrich its uranium deposits.

In a March 2018 interview with CBS, Crown Prince Mohammed bin Salman said, “Saudi Arabia does not want to acquire any nuclear bomb, but without a doubt if Iran developed a nuclear bomb, we will follow suit as soon as possible.”

Such statements have unnerved Western countries, including some US lawmakers, who have urged the US Administration to persuade Saudi Arabia to agree to the “gold standard” and foreswear enriching uranium.

Resource-barren Jordan

Turkey, which has a so-called 123 nuclear cooperation agreement with the US just like the UAE, is building its first nuclear plant Akkuyu, which will consist of four 1.2 GW reactors being supplied by Rosatom, with work on the first unit set to start in 2023………

esource-barren Jordan needs financial help to achieve its ambition to produce nuclear energy to help halt its reliance on energy imports. Jordan, which in 2015 signed with Rosatom a $10 billion deal to build a 2 GW nuclear power plant, has since scrapped this plan and is looking at small modular reactors.

Financial constraints

Jordan also wants to mine and enrich its own uranium deposits, which is another sticking point with the US in reaching a 123 agreement.

“Finances is likely to pose the biggest obstacle to fulfilling these [nuclear] dreams because nuclear energy is such a costly venture,” said Mark Fitzpatrick, associate fellow at the International Institute for Strategic Studies.

“If you look at it in terms of energy efficiency, nuclear energy is not the most efficient way of developing electricity. Solar energy probably offers better efficiency in the long-run, while in the short-run because of the depressed price of oil, countries are finding it more economic to just import oil.”

However, the elephant in the room that may thwart the region’s nuclear ambitions is Iran, which started in 1959 with a small US nuclear reactor but ended up entangled in a major standoff with the West in the 2000s……

Besides Iran, another cause for concern is the potential attack on nuclear facilities.

“Modern nuclear power plants are designed to be secure against most kinds of threats but they can’t be perfectly secure against threats such as an airplane directly attacking the plant…or in the case of an attack like the Israeli attack on Iraq’s Osirak reactor [in 1981],” Fitzpatrick said. https://www.spglobal.com/platts/en/market-insights/videos/market-movers-europe/110920-utilities-renewables-libya-oil-lockdown-lng-uniper-germany

November 12, 2020 Posted by | business and costs, MIDDLE EAST, politics international | Leave a comment

Consortium wants to take over Wylfa nuclear power project

New Civil Engineer 11th Nov 2020, A consortium led by Bechtel is reportedly in talks with the government
about acquiring the Wylfa Newydd site on Anglesey earmarked for nuclear
development. Plans for a £20bn nuclear plant were recently scrapped by
developer Horizon after 18 months of talks with government about a funding
mechanism eventually fizzled out. The site is however still safeguarded and
the project could theoretically be restarted by a third party. Led by the
Bechtel, the consortium includes Southern Company, an electricity utility,
and Westinghouse, a nuclear engineering company.

https://www.newcivilengineer.com/latest/bechtel-led-consortium-in-talks-about-wylfa-site-11-11-2020/

City AM 10th Nov 2020, A group of US companies has reportedly approached the government about
taking over the development of a nuclear power plant at Wylfa in north
Wales. Engineering giant Bechtel will lead the consortium, and will be
joined by utility firm Southern and nuclear engineers Westinghouse.

https://www.cityam.com/us-consortium-mulls-taking-on-abandoned-wylfa-nuclear-project/

November 12, 2020 Posted by | business and costs, politics, UK | Leave a comment