nuclear-news

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

Uncertain future for nuclear engineers

High-Paying Jobs in Nuclear Power Aren’t Looking So Safe Anymore

A wave of plant closings has workers—even highly trained engineers—on edge, THE WALL STREET JOURNAL, Erin Ailworth, Dec. 28, 2018  “………As large employers, these plants are often economic anchors for the smaller, sometimes rural communities in which they were built. When they disappear, so too can a significant portion of the tax base—a big blow for many. Each plant shuttered equals hundreds of jobs lost; combined, the nine slated to retire employ more than 7,000.

After a plant closes, those employees are left playing musical chairs, hoping to land a spot at another nuclear plant even as that job pool shrinks. Federal labor data for nuclear and other electric power generation shows the number of workers has dropped to about 63,000 in October from roughly 158,000 in 1990. At least 3,000 of those jobs vanished since the start of 2013………

Federal forecasts show that employment among nuclear power reactor operators, who tend to have a high school or equivalent education, is expected to fall by just over 10% from 2016 to 2026. Meanwhile, the Nuclear Energy Institute, a trade association, estimates that of 100,000 nuclear workers—including those with jobs outside power plants—it expects about 23,000 people to retire from or quit the industry over the next five years.

……. The latest nuclear job losses occurred at Oyster Creek, a 49-year-old plant owned by Exelon Corp. in New Jersey, that went offline in September. Next to go will be Entergy Corp.’s Pilgrim nuclear plant in Massachusetts, which is scheduled to shut down in May. Three Mile Island’s shuttering is slated for September 2019.

Christopher Crane, chief executive of Exelon, said his company is doing what it can to absorb workers displaced by Oyster Creek’s retirement, even as it works to avoid further closures by lobbying for policies that recognize nuclear power as a carbon-free resource akin to solar and wind farms.

…….. The last nuclear plant built in the U.S. came into full service in 2016. More recent nuclear projects have had huge cost overruns and delays.

The Trump administration, meanwhile, repeatedly has promised to help the struggling nuclear industry, but so far its efforts haven’t panned out.

Employees at the James A. FitzPatrick nuclear plant in central New York state worry about their future. https://www.wsj.com/articles/high-paying-jobs-in-nuclear-power-arent-looking-so-safe-anymore-11545993000

January 5, 2019 Posted by | employment, USA | Leave a comment

Japan abandoning ambition to sell nuclear power reactors to Turkey

January 5, 2019 Posted by | business and costs, Japan | Leave a comment

Trump’s done one good thing – stopped the Bill Gates- China “new nuclear power” push

Bill Gates shelves nuclear reactor in China, citing U.S. policy, Axios, Amy Harder, Dec 30

TerraPower, a nuclear-energy company founded by Bill Gates, is unlikely to follow through on building a demonstration reactor in China, due largely to the Trump administration’s crackdown on the country.

Why it matters: This is a blow to America’s attempts to commercialize advanced, smaller scale nuclear technology and, separately, further evidence of soured relations between the U.S. and China under President Trump.

Driving the news: In a year-end blog post covering various topics published Saturday night, Gates said of TerraPower: “We had hoped to build a pilot project in China, but recent policy changes here in the U.S. have made that unlikely.”

Details: The Trump administration, led by the Energy Department, announced in October that it was implementing measures to “prevent China’s illegal diversion of U.S. civil nuclear technology for military or other unauthorized purposes.”

  • Those measures have made it nearly impossible for TerraPower’s project to go forward, according to multiple people familiar with the development.
  • TerraPower had pursued plans to build a pilot reactor in China because that country has two things America doesn’t — growing electricity demand and a long-term strategic energy plan — a top TerraPower executive told me last year.
  • Morning Consult and, separately, an analyst for the think tank International Institute for Strategic Studies, covered the impacts of the October policy change shortly after it occurred, with brief mentions of the likely negative impact on TerraPower………

What’s next: “We may be able to build it [the reactor] in the United States if the funding and regulatory changes that I mentioned earlier happen,” Gates said in his post, although he didn’t specify which funding or regulations.

Meanwhile, the Energy Department just announced it plans to buy some of the power from new advanced reactors being pursued by NuScale, another advanced nuclear company, for here in the United States. https://www.axios.com/bill-gates-nuclear-reactor-china-terrapower-be4c792c-6f76-4723-bf63-d8f9fb527dc1.html

 

January 1, 2019 Posted by | business and costs, China, politics, USA | 2 Comments

Desperate effort to find a buyer for the Santee Cooper after its nuclear fiasco

Inside the hurried effort to find a buyer for Santee Cooper, Herald Sun, BY AVERY G. WILKS, DECEMBER 30, 2018 , COLUMBIA, SC 

A day before state regulators approved Dominion Energy’s bid to buy SCANA Corp., representatives from at least six firms gathered in a secret meeting in North Charleston to discuss a possible solution to the other half of South Carolina’s $9 billion nuclear construction fiasco.

The gathering revolved around the possible sale of Santee Cooper, the state-owned utility that racked up more than $4 billion in debt before abandoning a joint effort with SCANA to expand a nuclear power plant in Fairfield County.

ICF International — a Virginia-based firm hired by the General Assembly — hosted the invitation-only meeting as part of a hurried, ongoing effort to solicit and study bids from some of the largest names in the utility industry.

There to ask questions about Santee Cooper’s assets and operations — and to scout out the competition — were two dozen legal and financial experts representing Charlotte-based Duke Energy, Florida-based NextEra Energy, Virginia-based Dominion, Greenville-based Pacolet Milliken Enterprises, New York-based LS Power and South Carolina’s electric cooperatives — who together buy three-fifths of Santee Cooper’s electricity.

SCANA’s chapter of the V.C. Summer Nuclear Station debacle is winding down with the Cayce-based company’s impending sale to Dominion. But 17 months after the project’s collapse, the buzz surrounding Santee Cooper’s future is only now ramping up.

This summer, S.C. lawmakers slashed the nuclear-bloated electric rates for customers of SCANA’s electric subsidiary, SCE&G. That $22-a-month rate cut was made permanent by state regulators earlier this month.

Now, the nearly 2 million S.C. residents who get their power from Santee Cooper — either directly or through one of the state’s 20 electric co-ops — are wondering whether they will get a rate cut, too. That will be one of the biggest questions facing the General Assembly when it reconvenes in Columbia in January.

……….. The presentation on Santee Cooper’s assets and operations, and a question-and-answer period were scheduled to last all day. But with each of the bidders hesitant to ask a question that could tip their hands, the event wrapped up about lunchtime instead, sources said.

ICF declined to comment through a public relations agency.

State Rep. Murrell Smith, the Sumter Republican who co-chairs the Legislature’s Santee Cooper sale study committee, told The State in a recent interview he is confident in the timeline set for the process.

ICF told Smith’s committee there would be enough time for “meaningful and thorough bids,” particularly since potential buyers have known for more than a year that Santee Cooper could be on the auction block, he said.

Those bids are due Jan. 14. https://www.heraldsun.com/news/state/south-carolina/article223631625.html

December 31, 2018 Posted by | business and costs, USA | 1 Comment

Don’t mistake a short burst in uranium market – the longterm outlook is no good

How Poor Is the Long-term Outlook for Cameco Corp. (TSX:CCO)? The Motley Fool Matt Smith | December 27, 2018  “………it is becoming increasingly unpopular. This is primarily due to the dangers it poses during times of catastrophic failure, as demonstrated by the Fukushima incident. There are also concerns over the safe processing and storage of the radioactive waste that it produces.

Bullish analysts point to growing demand for the fuel and rising supply constraints as the reason to be optimistic for uranium and Cameco. This makes the demand side dynamics for uranium appear healthy, pointing to higher consumption which will bolster prices.

However, other nations are moving to reduce their dependence on nuclear power in favour of renewable sources of energy which in recent years have become significantly cheaper to install and operate. The inherent risks associated with nuclear power see France intending to reduce the share of its electricity generated by nuclear by 25% by 2025. Whereas Germany has measures in place to decommission all reactors by 2022 and South Korea intends to undergo a similar process.

According to analysis conducted by asset management firm Lazard, utility scale solar and wind generated electricity is significantly cheaper to produce than nuclear as well as coal and natural gas-fired power generation. This explains why a record level of renewable energy was installed during 2017 and most of that new installed capacity was composed of solar and wind. This points to a sharp deterioration in demand for nuclear power over the long term, particularly given that some of the reactors under construction will replace existing reactors that are to be decommissioned.

No analysis is complete without an understanding of the supply-side of the equation. Recent production cutbacks by Cameco and Kazakhstan’s state-owned producer Kazatomprom triggered uranium’s latest rally and those are likely only to be temporary. Both miners will boost output once uranium prices firm sufficiently to make the operations that they have shuttered economic to operate. Then you have nations such as Namibia, the world’s sixth-largest producer, which is aiming to boost production to benefit financially from uranium before it falls into disuse, becomes a stranded asset and loses its value.

The long-term outlook is poor

While the average spot price during the third quarter 2018 was higher than the equivalent period in 2017 Cameco’s revenue of $488 million was flat year over year. This can be attributed to much of the uranium sold by the miner being priced according to long-term contracts.  Cameco, however, reported a significant improvement in its bottom line, announcing adjusted net income of $15 million compared to a $50 million loss a year earlier.

The miner has also secured additional uranium deliveries during the fourth quarter 2018, which along with firmer prices, bodes well for Cameco to report stronger earnings. This will give its stock a short-term lift, but it appears that any lasting recovery may never occur. The reasons for this are simple: there is no sign of the bear market for uranium ending anytime soon. A combination of declining demand over the long-term and the potential for supply to grow significantly all points to uranium never attaining its pre-Fukushima prices. https://www.fool.ca/2018/12/27/how-poor-is-the-long-term-outlook-for-cameco-corp-tsxcco/

December 28, 2018 Posted by | business and costs, Uranium | Leave a comment

McAfee computer virus protection company is in partnership with nuclear corporation AREVA, (now rebranded as ORANO, and rebranded again as FRAMATOME)

Framatome partners with McAfee to support energy industry cybersecurity 24 May 2018, Framatome signed an agreement with McAfee, the device-to-cloud cybersecurity company, to distribute cybersecurity solutions to energy transmission, distribution and generation facilities worldwide. Together, Framatome and McAfee will work with these facilities to help protect their digital assets and support the reliable production of electricity.

“In a rapidly evolving digital landscape, holistic and robust cybersecurity programs are critical to protecting nuclear energy facilities and electrical power and distribution infrastructure,” said Catherine Cornand, senior executive vice president of Framatome’s Installed Base Business Unit. “This partnership with McAfee will enhance our ability to provide customers with the right combination of cutting-edge technologies and expertise.”…….http://www.framatome.com/EN/businessnews-1331/framatome-partners-with-mcafee-to-support-energy-industry-cybersecurity.html

December 28, 2018 Posted by | 2 WORLD, business and costs, secrets,lies and civil liberties | Leave a comment

USA desperate to make money from the nuclear industry – selling radioactive trash clean-up technology

US to offer ‘black box’ nuclear waste tech to other nations ChannelNews Asia 20 Dec 18 

The U.S. Department of Energy’s nuclear security office is developing a project to help other countries handle nuclear waste, an effort to keep the United States competitive against global rivals in disposal technology, according to two sources familiar with the matter.

WASHINGTON: The U.S. Department of Energy’s nuclear security office is developing a project to help other countries handle nuclear waste, an effort to keep the United States competitive against global rivals in disposal technology, according to two sources familiar with the matter.

The push comes as the United States struggles to find a solution for its own mounting nuclear waste inventories amid political opposition to a permanent dump site in Nevada, proposed decades ago, and concerns about the cost and security of recycling the waste back into fuel.

The National Nuclear Security Administration is considering helping other countries by using technologies that could involve techniques such as crushing, heating and sending a current through the waste to reduce its volume, the sources said.

The machinery would be encased in a “black box” the size of a shipping container and sent to other countries with nuclear energy programs, but be owned and operated by the United States, according to the sources, who asked not to be named because of the sensitivity of the matter.

“That way you could address a country’s concerns about spent fuel without transferring ownership of the technology to them,” said one of the sources.

The NNSA confirmed a project to help other countries with nuclear waste is underway but declined to provide details.

We are in the conceptual phase of identifying approaches that could reduce the quantity of spent nuclear fuel without creating proliferation risks – a goal with significant economic and security benefits,” NNSA spokesman Dov Schwartz said.

The effort is being led by NNSA Deputy Administrator for Defense Nuclear Nonproliferation Brent Park, a nuclear physicist and former associate lab director at the Energy Department’s Oak Ridge National Laboratory, appointed by President Donald Trump in April.

The NNSA declined a Reuters request for an interview with Park.

The sources did not name countries to which the service would be marketed, or where the waste would be stored after it is run through the equipment. But they said they were concerned the processes under consideration could increase the risk of dangerous materials reaching militant groups or nations unfriendly to the United States.

Former President Jimmy Carter banned nuclear waste reprocessing in 1977 because it chemically unlocks purer streams of uranium and plutonium, both of which could be used to make nuclear bombs.

The NNSA’s Schwartz said the plans under consideration do not involve reprocessing, but declined to say what technologies could be used.

The sources familiar with the NNSA’s deliberations said there are three basic ways that the physical volume of nuclear waste can be reduced, all of which are costly. At least one of the techniques poses a security threat, they said.

The first, called consolidation, reduces the volume of nuclear waste by taking apart spent fuel assemblies and crunching the waste down to two times smaller than the original volume – an approach that is considered costly but which doesn’t add much security risk.

A second technique involves heating radioactive pellets in spent fuel assemblies. The process, which gives off gases that must be contained, results in a waste product that has more environmental and health risks.

A third approach called pyroprocessing – developed at the Department of Energy’s Argonne National Laboratory – puts spent fuel in liquid metal and runs an electric current through it. That reduces volume, but concentrates plutonium and uranium – making it a potential proliferation risk.

The nuclear community is divided on whether pyroprocessing fits the definition of reprocessing.

The Trump administration has made promoting nuclear technology abroad a high priority, as the United States seeks to retain its edge as a leader in the industry, amid advancements by other nations like Russia, and France – both of which already offer customers services to take care of waste.

U.S. reactor builder Westinghouse, which emerged from bankruptcy in August and is owned by Brookfield Asset Management, hopes to sell nuclear power technology to countries from Saudi Arabia to India, but faces stiff competition from Russia’s state-owned Rosatom.

U.S. Energy Secretary Rick Perry visited Saudi Arabia this month for talks on a nuclear energy deal with the kingdom, despite pushback from lawmakers concerned about the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul………… https://www.channelnewsasia.com/news/technology/exclusive–us-to-offer–black-box–nuclear-waste-tech-to-other-nations-11046762

December 20, 2018 Posted by | business and costs, politics international, wastes | 1 Comment

Reliability problems at Mississippi’s Grand Gulf nuclear power plant

December 20, 2018 Posted by | business and costs, safety | Leave a comment

Japan’s nuclear export industry about to get the fatal blow

Sun setting on Japan’s nuclear export sector http://www.atimes.com/article/sun-setting-on-japans-nuclear-export-sector/

Post-Fukushima cost overruns may kill a giant power project in Turkey, and there are few other deals to replace it

By TODD CROWELL DECEMBER 16, 2018    Japan’s nuclear export industry could be dealt a fatal blow if Mitsubishi Heavy Industries pulls out of a massive project to build four large power plants on Turkey’s Black Sea coast, as reports have suggested.

The Sinop plant project in Turkey was seen as Japan’s best chance for an industry – battered and bruised after the 2011 tsunami and triple meltdown at Fukushima – to put together a workable export strategy that did not break the bank of potential international customers.

Aside from Sinop, the Japanese industry has only one viable export project still upcoming: Hitachi’s bid to build two reactors on the island of Anglesey in Britain. And even that deal is looking shaky.

Mitsubishi Heavy Industries (MHI) has not pulled the plug yet on its stake in the four-reactor project on Turkey’s Black Sea coast, but a slew of domestic media reports and talk in Tokyo, suggests that, in the face of seemingly ever-rising construction costs to meet new safety standards that have been put in place since the 2011 Fukushima disaster, the company will bail.

Fukushima legacy

When the deal was signed with Ankara in 2013, the ownership profile was: 65% awarded to a consortium made up of MHI, Itochu, France’s Areva, and GDF Suez. The other 35% was covered by Turkey’s electric power utility, Elektrik Uretim.

However, in April, Itochu pulled out of the consortium, citing cost overruns. That left the consortium with 51%, and the remaining 49% owned by the Turkish utility.

Without Mitsubishi the viability of the project is in question, sources say, unless Turkey can find a new partner or is willing to take on the project without its largest foreign partner. The Russians, who are building a nuclear complex on Turkey’s southern Mediterranean coast, might be interested.

According to Kyodo, a thorough cost evaluation was to be completed by the end of this year. Itochu waited for the report to be released before bailing out of the deal. MHI is apparently waiting for the study to be completed before deciding its next move.

When the deal with Mitsubishi was signed in 2013, the estimated cost was $18 billion for four 1,100-megawatt nuclear power plants. But overall costs have soared, passing $42 billion in April – when Itochu withdrew, and is now put at about $44 billion.

Cost increases are nothing new in the nuclear power industry, but have been exacerbated in recent years by expensive adjustments phased in to meet more stringent safety concerns following the earthquake and tsunami that destroyed four units of the Fukushima Daiichi plant. The Sinop cost rises, however, also encompass other problems encountered in construction.

Fukushima, one of the most serious nuclear accidents in history, turned most of Japan against nuclear power. Before March 11, 2011, Japan had 54 nuclear plants. All were shut down after the accident and some are slowly returning to service having passed scrutiny by the regulator. Five are expected to restart within the next five years, and eight will likely be decommissioned. But prospects for the remaining plants are unclear.

Aware that no new nuclear plant may ever be built at home amid the anti-atomic public mood, Japan’s nuclear vendors have turned to overseas exports as the Fukushima accident does not appear to have destroyed the Japanese industry brand in other countries.

Endgame for nuclear exports?

If Mitsubishi does pull out of the huge project in Turkey it will be a blow to Prime Minister Shinzo Abe, who sees international exports of nuclear technology as an important way to boost the economy. On his many trips abroad, he often acts as a salesman for nuclear exports. For example, it was a topic of discussion with Turkish President Recep Erdogan on the sidelines of the G-20 meeting in Argentina.

Details of the conversation were not revealed, but it would be a good bet that they discussed the Sinop project with the threat of Mitsubishi hanging over them, and that Abe sought ways to keep the project viable.

Meanwhile, it is not just MHI that may have doubts about the sector. Japan’s nuclear export industry has suffered plenty of setbacks in the seven years since Fukushima. Questions about the future of the sector hang over all three main players in the sector.

Toshiba, one of Japan’s big-three nuclear constructors, recently pulled out of the nuclear power business overseas after incurring huge losses in the United States.

Toshiba has also suffered something of an administrative meltdown in its quest to win construction contracts in the US. In February it finally unloaded it money-losing American subsidiary, Westinghouse, for $1 billion less than it paid to acquire the company 10 years ago.

If the export program is to remain viable, it may be in Wales, where the British government is seeking to build a two-reactor nuclear power plant on the island of Anglesey. Among those bidding for the project is Japan’s third nuclear constructor, Hitachi, through a subsidiary called Horizon Nuclear.

In the nuclear world, there are constructors – like MHI, Toshiba and Hitachi – and operators, who run the plant after it is completed, and they are not always the same. Japan learned from Korea’s successful bid to build six nuclear plants in the United Arab Emirates that offering to build and also run them – a one-stop service – is key to making sales.

Hitachi is teaming up with the Japan Atomic Power Company, which operates two plants in Japan (although both are currently shut down pending the review by regulators). The plan is to present the British with a package deal.

Now, there are worries that Hitachi might pull out of the British project. Chairman Hiroaka Nakanishi was quoted in the Times of London saying his company was “facing an extreme situation,” and that a final decision on whether to stay with the project or leave it will be made next year.

If Mitsubishi does, as is widely expected, pull out of the huge project in Turkey, the only egg left in Japan’s overseas nuclear export basket will be Wales.

December 18, 2018 Posted by | business and costs, Japan, politics | Leave a comment

Hitachi having trouble financing new nuclear reactors in Wales – may pull the plug on Wylfa project

Hitachi may freeze British nuclear project due to swelling costs, https://www.japantimes.co.jp/news/2018/12/16/business/corporate-business/hitachi-may-freeze-british-nuclear-project-due-swelling-costs/#.XBawLdIzbGg

KYODO 17 Dec 18, Hitachi Ltd. is considering freezing its plan to build nuclear reactors in Wales after facing difficulties in finding investors to finance the project’s ballooning costs, sources close to the matter said Sunday.

If the Japanese conglomerate freezes the ¥3 trillion Wylfa Newydd plant construction, all of the overseas nuclear projects promoted by the government of Prime Minister Shinzo Abe as part of his growth strategy would have faltered.

Mitsubishi Heavy Industries Ltd. is mulling withdrawing from a nuclear project in Turkey amid swelling safety-related costs following the 2011 Fukushima nuclear accident, while Toshiba Corp. has decided to exit from the nuclear plant business outside Japan after incurring huge losses in the United States.

Hitachi has said it wants to lower its stake in Horizon Nuclear Power Ltd., a wholly owned unit it acquired in 2012 from two German electric utilities to take over the nuclear project, to below 50 percent to limit the impact on the Hitachi group of the construction of two advanced boiling water reactors on the Isle of Anglesey in Wales.

Hitachi is likely to have told the British and Japanese governments of its plan to freeze the project, the sources said. The issue will likely be discussed at the planned meeting between Abe and British Prime Minister Theresa May in January, they said.

The company has been contacting prospective investors in the project, including Japanese utilities, but little progress has been made amid concerns that costs will further swell, they said.

Hitachi also remains at odds with the British government over the purchase price of electricity to be generated by the plant, a key factor in determining the project’s profitability for the company and potential investors.

Given the current turmoil in British politics over May’s proposed deal with the European Union on the United Kingdom’s departure from the bloc, price-setting talks are at a “deadlock,” a senior Hitachi official said.

December 18, 2018 Posted by | business and costs, Japan, UK | 1 Comment

Cost of Chinese-designed and largely Chinese-owned nuclear reactor for Bradwell UK will probably blow out hugely

Dave Toke’s Blog 16th Dec 2018 The UK’s Office for Nuclear Regulation (ONR) has requested a long series of safety improvements to the proposed design of the Chinese HPR1000 (‘Hualong’) reactor proposed to be built at Bradwell in Essex. Previous experience suggests this could presage a big increase in costs for the plant which is likely to cost a lot more than similar plant built in China. The HPR100 design Bradwell, UKis based on one being built in China at by China General Nuclear Power Group (CGN). CGN will own around two-thirds of the project, with EDF owning the remaining share.
In a judgement issued last month the ONR rapped the CGN/EDF developers for the ‘slow’ development of the safety case and said that their ‘response revealed a number of potential shortfalls related to the status of the safety case planning and arrangements (including organisational)’. Most tellingly, the ONR has given the developers a large number of ‘follow-up’ points to which they need to adequately respond before they can be given the go ahead after the later stages in the ‘generic design assessment’ (GDA) process run by the ONR.
Although the ONR has stressed that there is nothing fundamentally wrong with the developer’s proposals, the evidence is that the sheer extent of
‘follow up’ point materials must severely question any financial estimates of the plant’s costs that have been based on the plant being built in
China.
This is the ‘Fanggchengang 3’ power plant being built in South China. This conclusion is based partly on the experience of the last GDA process which involved the approval of Hitachi’s ABWR plant which is earmarked for development in Wylfa. The construction of the Wylfa ABWR plant is now doubtful following reports that Hitachi cannot find investors.
This failure has been ascribed, at least in part, to extensive cost increases racked up as a result of safety improvements needed for the plant. The cost of building the plant increased by more than a third after the ONR’s GDA was completed in 2017.
https://realfeed-intariffs.blogspot.com/2018/12/office-for-nuclear-reactor-demands.html

December 18, 2018 Posted by | business and costs, China, politics international, UK | Leave a comment

Hitachi calling on Britain to further subsidise new nuclear reactors for Wales

Hitachi to ask UK for further funding as nuclear project stalls https://asia.nikkei.com/Business/Companies/Hitachi-to-ask-UK-for-further-funding-as-nuclear-project-stalls

Company struggles to find other Japanese parties willing to invest  TAKAFUMI HOTTA and SHINICHIRO IBUSUKI, Nikkei staff writers, DECEMBER 18, 2018 

TOKYO — Hitachi will ask the British government for additional support for a nuclear power project in Wales as it struggles to recruit other Japanese investors amid international headwinds for atomic energy.

The company will consider scrapping the project, worth more than 3 trillion yen ($26.6 billion), should negotiations with London fail to reach a conclusion by January.

Aborting Japan’s last active proposal to build an overseas nuclear power plant would deal a blow to the government’s plan to expand exports of energy-related infrastructure, as similar projects face setbacks around the world.

“It is a fact that it is facing a difficult situation,” Hitachi Chairman Hiroaki Nakanishi said at a news conference Monday. “I told the British government that we are already reaching the limit.”

Nakanishi was speaking in his capacity as chairman of the Japan Business Federation, the nation’s top business lobby, better known as Keidanren. The news conference was held after reports emerged that Hitachi is considering scrapping the project altogether due to the difficulty of securing funding from Japanese companies.

With aid from the British government, Hitachi’s nuclear power segment intends to build two reactors on the Welsh island of Anglesey through British subsidiary Horizon Nuclear Power. It was scheduled to make a decision on the project’s economic feasibility sometime in 2019 but will probably push that decision forward by more than six months as the business environment worsens.

Nuclear power is losing its competitiveness as the price of renewable energy falls. The U.K. government also plans to buy electricity from the Wales plant for lower prices than those charged by other nuclear power facilities.

The Japanese government has promoted overseas nuclear power plant construction as a pillar of its strategy to boost infrastructure exports. Since the 2011 Fukushima disaster, no new reactors have been approved inside Japan. To maintain nuclear expertise and talent, Japan’s public and private sectors have teamed up to sell the technology abroad.

But ground has not broken on any project to date. A Japanese public-private consortium led by Mitsubishi Heavy Industries is planning to scrap a nuclear power plant in Turkey, for instance. Should the nuclear industry lose its legs, it could affect the restating and decommissioning of existing plants.

Hitachi has said it will move forward with the project if it can limit its exposure by reducing its 100% stake in Horizon Nuclear to around 30%. The U.K. has pledged more than 2 trillion yen in loans for the project, with the remaining cost of about 900 billion yen to be split among investments from Hitachi, the British government and business as well as the Japanese government and businesses.

Lining up Japanese investors, however, has proved to be a challenge. Tokyo Electric Power Co. Holdings, also known as Tepco, is reluctant to provide funding. Chubu Electric Power and other Japanese companies probably will follow its lead. Without other investors on the horizon, Hitachi is asking the British to share more of the burden.

Aside from Tepco and Chubu Electric, Hitachi also solicited investments from Japan Atomic Power, the Japan Bank for International Cooperation, the Development Bank of Japan and other parties. But the industrial conglomerate is having trouble gathering the necessary 300 billion yen.

The British government is no position to acquiesce to these demands. Having already pledged around $18 billion in loans, it risks backlash from the public by providing further financial support. Prime Minister Theresa May can ill afford another fight as her government risks collapse over negotiations to leave the European Union.

At a separate news conference held by Hitachi, Toshiaki Higashihara, the company’s president and CEO, did not attempt to downplay the situation. “Hitachi is a private company,” he said, “and there is a limit to how much risk it can take. If the project is not economically rational, it is possible that the project will be halted.”

Higashihara added that the final investment decision will be made by the end of 2019.

Hitachi Executive Vice President and Executive Officer Toshikazu Nishino also spoke, saying the company “has not given up yet,” though it recognizes “the negotiations are not easy.”

December 18, 2018 Posted by | business and costs, politics, UK | Leave a comment

Saudi Arabia, the Khashoggi murder case: the nuclear connections with Terra Power, Bill Gates, Breakthrough etc

US Nuclear Energy Policy & Khashoggi Murder: Appeasement Or Threat? Clean Technica, December 12th, 2018 by Tina Casey  “…………..The Nuclear Energy Connection

Either way, that brings us around to the idea that the corporate world needs to step up and press for meaningful action on the Khashoggi case, since the White House is falling down on the job.

In particular, the tech sector is feeling the pressure not only because of its financial ties to Saudi Arabia, but also because of the high profile of its biggest players.

That brings us right back around to the nuclear energy angle, where the US nuclear company TerraPower has been making waves.

TerraPower was formed back in 2006 and crossed the CleanTechnica radar during COP 2015, when it popped up in relation to a newly launched investor umbrella organization called the Breakthrough Energy Coalition.

Breakthrough is a tech incubator with a focus on clean energy and rapid decarbonization, and nuclear energy makes the cut.

As a global organization, Breakthrough can provide TerraPower with a platform for pitching its technology overseas — a key consideration, given the morbid state of demand for new nuclear power plants here in the US.

So far TerraPower has been focusing on foreign markets, particularly China, for its new technology.

If all of this is beginning to ring some bells, that’s where the tech and Silicon Valley connections kick in.

Microsoft’s Bill Gates is financial backer of TerraPower and chairman of its board.

Gates is also the chair of the Breakthrough Coalition’s Breakthrough Energy Ventures, where you’ll find a host of other familiar top-dollar investors with an interest in decarbonization including Jeff Bezos, Richard Branson, Vinod Khosla, and Michael Bloomberg.

Saudi Arabia is represented among Breakthrough members through Prince Alwaleed bin Talal, who is Chairman of Alwaleed Philanthropies and a supporter of Gates’s “giving pledge.”

Saudi Arabia is also represented among the 24 countries (including the EU) that support the Mission Innovation clean energy initiative, which is in turn receives considerable support from Breakthrough, so there’s that.

Not for nothing, but as of last August the Department of Energy has supported a TerraPower molten salt reactor project with $28 million in cost-shared funds.

When Will The Silicon Valley Crickets Stop Chirping And Start Acting?

All this is by way of saying that when it comes to the Saudi government, the Khashoggi murder, and the cash flow, all roads lead back to Silicon Valley and the US tech sector.

The New York Times raised a red flag on Saudi financial ties to Silicon Valley last year. Among other developments since then, Tesla has been ramping up its profile in the country, and Google has expressed interest in building data centers there.

Perhaps it’s not fair for the tech sector to take all the heat, but on the other hand these are the guys who promised to make life better for millions if not billions of people all over the world. More is expected of them than, say, the CEO of a local pest control company.

The Trump family’s financial ties with Saudi Arabia seem to be the driving force behind Trump’s response to the Khashoggi murder, and now it seems those same ties have silenced the US tech sector.

The fact is that the Khashoggi murder is not going away. New details about the murder are emerging on a regular basis, and even Trump’s Republican allies have finally stirred into action.

In the latest development, today the US Senate is reportedly set to debate cutting off US support for the Saudi-lead war in Yemen. The measure has been linked directly to outrage over the country’s role in the Khashoggi killing.

Meanwhile, CleanTechnica is reaching out to TerraPower for comment, so stay tuned for more on that.

Follow me on Twitter. https://cleantechnica.com/2018/12/12/us-nuclear-energy-policy-khashoggi-murder-appeasement-or-threat/

December 17, 2018 Posted by | business and costs, Saudi Arabia, secrets,lies and civil liberties, USA | 1 Comment

Amazon planning to run a “global brain” for the Pentagon.

To understand the implications of JEDI, we must realize that the information being gathered and sorted will inevitably be used for the targeting and killing of not only opposing government-based military forces, but also nongovernmental individuals and groups who are viewed as political or potential military threats by the US.

The transfer of a massive amount of military information into a privately owned and built cloud, as will happen with the creation of JEDI, raises the possibility that the owner or owners of that cloud will — because of their knowledge of the cloud structure, capabilities and content — become more powerful than military and elected officials.

“Alexa, Drop a Bomb”: Amazon Wants in on US Warfare, Nick Mottern, Truthout     https://truthout.org/articles/alexa-drop-a-bomb-amazon-wants-in-on-us-warfare/December 16, 2018 

Amazon is seeking to build a global “brain” for the Pentagon called JEDI, a weapon of unprecedented surveillance and killing power, a profoundly aggressive weapon that should not be allowed to be created.

Founded in 1994 as an online book seller, Amazon is now the world’s largest online retailer, with more than 300 million customers worldwide, and net sales of $178 billion in 2017.

Amazon has built a vast, globally distributed data storage capacity and sophisticated artificial intelligence programs to propel its retail business that it hopes to use to win a $10 billion Pentagon contract to create the aforementioned “brain” that goes by the project name Joint Enterprise Defense Infrastructure, a moniker obviously concocted to yield the Star Wars acronym — JEDI.

As of the October 12, 2018, deadline for submitting proposals for JEDI, Amazon is the betting favorite for the contract, which will go to just one bidder, in spite of protests by competitors, chief among them Microsoft and IBM. The Pentagon appears likely to select a winner for the contract in 2019.

Jedi Powers? Continue reading →

December 17, 2018 Posted by | business and costs, Reference, secrets,lies and civil liberties, USA, weapons and war | Leave a comment

Nuclear power is no answer to global heating – even if only because nuclear power is unaffordable

Want to solve climate problem? Nuclear isn’t the answer https://www.downtoearth.org.in/blog/energy/want-to-solve-climate-problem-nuclear-isn-t-the-answer-62428

Alternatives to nuclear energy, in particular renewable sources of electricity like wind and solar energy, have become drastically cheaper. By M V RamanaL 10 December 2018 “It is nuclear power that will be the main tool to reduce emissions” said Poland’s Minister of Energy, Krzysztof Tchórzewski, in keynote remarks at a meeting during the 24th Conference of Parties to the United Nations Framework Convention on Climate Change (COP 24) being held in Katowice, Poland. There is more than a little irony in that statement.

To start with, Poland, which is invested heavily in coal, has no nuclear power plants; its current plans call for starting nuclear power generation in 2030. That projection has to be taken with more than a pinch of salt. In 2002, even the International Atomic Energy Agency (IAEA), whose official objective is “to accelerate and enlarge the contribution of atomic energy”, concluded that nuclear power in Poland was not viable because of “insufficient economic competitiveness of nuclear plants, availability of cheaper alternatives and the absence of environmental motivation”.

The second irony was that Tchórzewski was speaking at an event organised by an initiative called Nuclear Innovation: Clean Energy Future, that was set up in May 2018 by the country that is withdrawing from the Paris climate accord, the United States of America. The United States, under the Trump administration, has been engaged in the perverse pursuit of various efforts that will result in increased emissions. Such an administration touting nuclear power suggests a basis for scepticism about nuclear energy being a tool to reduce emissions.

The final, and the most important, irony is that nuclear energy is fading in importance globally. The peak in nuclear power’s share of global electricity generation was 17.5 percent in 1996. Since then this fraction has steadily declined, reaching 10.3 percent in 2017. For a variety of reasons, the downward trend is expected to continue.

Although nuclear energy’s share of electricity generation has been continuously declining, expectations for how nuclear energy will fare in the future went up in the first decade of this millennium, thanks to propaganda from nuclear advocates about an impending nuclear renaissance. That supposed resurgence came to a crashing halt after multiple devastating accidents at the Fukushima Daiichi nuclear plant in Japan that started in 2011, which reminded the world about the hazardous technology involved in the generation of nuclear power. Even the IAEA’s average projections for nuclear power for the year 2050 have decreased from 1,002 gigawatts (GW) as laid out in 2010 to 552 GW in its 2018 publication.

This decline reflects the corresponding declines in future projections of nuclear power in many individual countries as exemplified by India and China. In 2010, the secretary of India’s Department of Atomic Energy (DAE) announced a target of 35 GW by 2020. The DAE is nowhere near that target and, as of December 2018, the current capacity is only 6.8 GW. If all the currently under-construction plants are ready in time, the total installed capacity will reach 13.5 GW by 2024-25, a far cry from earlier projections.

In China, the country constructing the largest number of nuclear plants, the official target as of 2010 was 70 GW by 2020, and the expectation was that “reaching 70GW before 2020 will not be a big problem”. That proved not to be the case and China’s current target for 2020 is only 58 GW and it is unlikely to meet that target.

India and China are often considered the poster children for nuclear energy growth—and even there the picture is quite dismal. The outlook in other countries is worse. Operating nuclear capacity in the two countries with the largest deployments of nuclear power plants, the United States and France, is expected to decline.

What is behind this trend? Fukushima is only a minor part of the story. The primary reason is that nuclear power is no longer financially viable. Because they are hugely expensive, it has been known for a while that building new nuclear power plants makes little economic sense. What has changed in the last decade is that it is not just constructing new reactors, but just operating one, even one that is old and has its capital costs paid off, that has ceased to make economic sense.

This is because alternatives to nuclear energy, in particular renewable sources of electricity like wind and solar energy, have become drastically cheaper. In contrast, just about every nuclear plant that was constructed in the last decade has proven more expensive than initially projected.

This economic reality adds to the other well-known problems associated with nuclear energy—the absence of any demonstrated solutions to managing radioactive waste in the long run, the linkage with nuclear weapons, and the potential for catastrophic accidents. The bottom line is that nuclear power cannot be a tool to decrease emissions. If we want to solve the climate problem, we will have to look elsewhere.

December 15, 2018 Posted by | 2 WORLD, business and costs, climate change | 1 Comment

« Previous Entries     Next Entries »