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Disturbing links between Britain’s nuclear power stations and the military

Military secrets of our nuclear power plants https://www.theguardian.com/uk-news/2017/dec/27/military-secrets-of-our-nuclear-power-plants

Disturbing links between Britain’s nuclear power stations and the military are highlighted by Dr David Lowry. In her excellent article on the Hinkley C nuclear plant financial fiasco (The long read, 21 December), Holly Watt mentions the innovative insight of Sussex University academics Prof Andy Stirling and Dr Phil Johnstone, who have identified the central importance of expansion of the skill base of the new nuclear build programme – headed by Hinkley C – for the Trident military nuclear renewal programme. Watt also mentions the first nuclear plant built on the same site, Hinkley A. What is barely acknowledged about this reactor is it was both built and operated to manufacture plutonium for British nuclear warheads, and probably some plutonium it created was sent to the US for use in its military stockpile too.

I have dug up considerable evidence that demonstrates this beyond any doubt. The first public hint came with an announcement on 17 June 1958 by the Ministry of Defence, on “the production of plutonium suitable for weapons in the new [nuclear] power stations programme as an insurance against future defence needs”.
The Conservative government’s paymaster general, Reginald Maudling, told parliament a week later: “At the request of the government, the Central Electricity Generating Board has agreed to a small modification in the design of Hinkley Point … so as to enable plutonium suitable for military purposes to be extracted should the need arise. The government made this request in order to provide the country, at comparatively small cost, with a most valuable insurance against possible future defence requirements.”

And that is exactly what they did. The nuclear world has thus turned full circle, as the atomic conjoined twins that had been painfully separated for nearly 50 years are being rejoined in an insidious way by this new Conservative government.
Dr David Lowry
Senior research fellow, Institute for Resource and Security Studies

December 29, 2017 Posted by | UK, weapons and war | Leave a comment

Sellafield Ltd buries the cost of its expensive Evaporator D Nuclear waste processing project

CORE 26th Dec 2017, There can’t be many nuclear bodies that choose to bury – just three days before Christmas – what is touted as a good news story by the industry. But this is exactly what Sellafield Ltd has contrived to do in its 22nd December announcement that the long overdue and eye-wateringly expensive Evaporator D has come on line at Sellafield.

Yet by confirming that the new Evaporator actually came on line at 0800 on the 8th December, the start-up has been kept under wraps for a fortnight until a time when public attention was focused on seasonal festivities rather than on nuclear
news. Keeping such a story under the public radar for so long is, to say the least, wholly out of character for the industry – though the Evaporator’s history is hardly something to shout about.

It is not however just about the burial of ‘good’ news itself that many will find disturbing, but rather the manner in which the burial rites have been manipulated and massaged to dupe the wider world. Designed to process the dangerous high level waste liquids produced by the site’s reprocessing operations so that they can be vitrified and canned for eventual disposal, Evaporator D is located in the site’s Highly Active Liquid Evaporation and Storage (HALES) facility.

Its tortured construction track record since its inception over a decade ago by British Nuclear Fuels (BNFL) is well
documented and gives the lie to its original costings and timescale. As reported in the industry’s Nuclear Fuel journal in 2009 ‘Sellafield operators estimated (in 2007) the cost of the proposed Evaporator D at GBP90 million and said they expected it to be operational around 2010/2011’. Now in operation over six years late, the Evaporator’s £750M cost today represents an eight-fold increase on its original costing. …..

There are few positives to be taken from the Evaporator D saga that rivals the similar squandering of public money on the ill-fated and now defunct Sellafield MOX plant and even – when its financial accounts are eventually exposed publicly for the first time – the THORP plant itself. The one positive that will bring at least some cheer to the UK taxpayer is that, then costed at £600M, plans for an Evaporator E were abandoned by Sellafield in 2012.  http://corecumbria.co.uk/briefings/sellafields-delayed-evaporator-d-now-operating-and-gift-wrapped-for-christmas/

December 29, 2017 Posted by | UK, wastes | 1 Comment

Hinkley point Nuclear Power – a bad deal in every way – obsolete before it ever starts working?

Hinkley Point: the ‘dreadful deal’ behind the world’s most expensive power plant, The Guardian, 21 Dec 17  Building Britain’s first new nuclear reactor since 1995 will cost twice as much as the 2012 Olympics – and by the time it is finished, nuclear power could be a thing of the past. How could the government strike such a bad deal? By Holly Watt Hinkley Point, on the Somerset coast, is the biggest building site in Europe. Here, on 430 acres of muddy fields scattered with towering cranes and bright yellow diggers, the first new nuclear power station in the UK since 1995 is slowly taking shape. When it is finally completed, Hinkley Point C will be the most expensive power station in the world. But to reach that stage, it will need to overcome an extraordinary tangle of financial, political and technical difficulties. The project was first proposed almost four decades ago, and its progress has been glacial, having faced relentless opposition from politicians, academics and economists every step of the way.

Some critics of the project have questioned whether Hinkley Point C’s nuclear reactor will even work. It is a new and controversial design, which has been dogged by construction problems and has yet to start functioning anywhere in the world. Some experts believe it could actually prove impossible to build. “It’s three times over cost and three times over time where it’s been built in Finland and France,” says Paul Dorfman, from the UCL Energy Institute. “This is a failed and failing reactor.”

Others have pointed to the cost. At present, the estimated total bill for Hinkley Point C is £20.3bn, more than twice the London Olympics. To pay for it, the British government has entered into a complex financial agreement with Électricité de France (EDF), the energy giant that is 83% owned by the French government, and China General Nuclear Power Group (CGN), a state-run Chinese energy company. Under this contract, British electricity consumers will pay billions over a 35-year period. According to Gérard Magnin, a former EDF director, the French company sees Hinkley as “a way to make the British fund the renaissance of nuclear in France”. He added: “We cannot be sure that in 2060 or 2065, British pensioners, who are currently at school, will not still be paying for the advancement of the nuclear industry in France.”

Many British observers agree that the deal is ludicrously favourable to EDF – “a dreadful deal, laughable” says Prof Steve Thomas, who works on energy policy at the University of Greenwich. But even insiders at EDF aren’t entirely happy with it. In the months before the EDF board finally signed off the deal in autumn 2016, the finance director resigned, along with Magnin. “The Hinkley Point project remains very risky,” Magnin told me. He is particularly concerned about EDF’s ability to complete the project before the current deadline of 2025. “Why have we reached this point?” asked Magnin. “It is the construction of a house of cards.”

Not everyone has lost faith in the project. When John Hutton was business secretary in 2008, he announced that the government would encourage the “safe and affordable” development of nuclear reactors. Back then, he insisted the plants would be completed “well before 2020”, and wouldn’t receive a penny in subsidies from the British government. Today, despite those earlier promises having been broken, Hutton still lobbies for nuclear: “We’re not just creating power stations,” he told me. “We are making history.”

 But the irony of Hinkley Point C is that by the time it eventually starts working, it may have become obsolete. Nuclear power is facing existential problems around the world, as the cost of renewable energies fall and their popularity grows. “The maths doesn’t work,” says Tom Burke, former environmental policy adviser to BP and visiting professor at both Imperial and University Colleges. “Nuclear simply doesn’t make sense any more.”

The story of Hinkley Point C is that of a chain of decisions, taken by dozens of people over almost four decades, which might have made sense in isolation, but today result in an almost unfathomable scramble of policies and ambitions. Promises have been made and broken, policies have been adopted then dropped then adopted again. The one thing that has been consistent is the projected cost, which has rocketed ever upwards. But if so many people have come to believe that Hinkley Point C is fundamentally flawed, the question remains: how did we get to this point, where billions of pounds have been sunk into a project that seems less and less appealing with every year that passes?…..https://www.theguardian.com/news/2017/dec/21/hinkley-point-c-dreadful-deal-behind-worlds-most-expensive-power-plant?CMP=twt_gu

December 22, 2017 Posted by | politics, UK | Leave a comment

UK’s Office for Nuclear Regulation approves nuclear power plans for Wylfa, Anglesey. Now where’s the funding?

Plans for major nuclear power station in Wales win green light, Office for Nuclear Regulation approves design for new reactor at Horizon Nuclear Power’s plant at Wylfa, Anglesey, Guardian, Adam Vaughan, 13 Dec 17Plans for a major new nuclear power station in Wales have taken a crucial step forward as UK regulators approved the project.

The Office for Nuclear Regulation and two other government bodies gave the green light on Thursday for the Japanese reactor design for Horizon Nuclear Power’s plant at Wylfa, marking the end of a five-year regulatory process……

Attention will now turn to financing the Hitachi-backed project on the island of Anglesey, which was the site of Britain’s oldest nuclear plant until it closed two years ago.

During a visit by UK ministers to Japan last December, it emerged that London and Tokyo were considering public financing for Wylfa. This would be a significant break with the UK government’s previous approach.

Hitachi has already spent £2bn on development. Last week the consortium said it needed a financial support package by mid-2018 or it could stop funding development.

Japan’s Toshiba has bowed out of the race to build nuclear plants in the UK, confirming last week that a South Korean nuclear firm had been chosen to buy its venture to build a plant in Cumbria.

………. https://www.theguardian.com/environment/2017/dec/14/plans-for-major-nuclear-power-station-in-wales-win-green-light-wylfa-anglesey

December 16, 2017 Posted by | politics, UK | Leave a comment

British parliamentarians worried that the UK nuclear industry will suffer as Britain leaves Euratom, in Brexit move

Independent 13th Dec 2017, Britain should retain as a close as possible a relationship with the European civil nuclear regulator after Brexit, a Commons committee has demanded ahead of a crucial vote on the issue. MPs on the committee warn that the impacts of leaving Euratom will be “profound”, putting the UK in a much weaker position to drive regulatory standards at a European level.

“We conclude that the Government should seek to retain as close as possible a relationship with Euratom, and that this should include accepting its delivery of existing safeguards requirements in the UK,” the report from the Business, Energy and Industrial Strategy (BEIS) committee states.

The committee’s report comes as more than 100 MPs signed an amendment to the EU (Withdrawal) Bill, dealing with the
Government’s intention to leave Euratom after Brexit. They want the Prime Minister to guarantee protections for the nuclear industry.
http://www.independent.co.uk/news/uk/politics/brexit-nuclear-regulation-eurotom-leave-eu-co-operation-latest-news-energy-edf-mps-a8105711.html

December 16, 2017 Posted by | politics international, UK | Leave a comment

Wikileaks ruled by UK tribunal to be a media organisation

Julian Assange welcomes UK ruling that WikiLeaks is a media organisation, WikiLeaks founder welcomes ruling by UK tribunal. IBT ,By Jason Murdock, December 14, 2017  WikiLeaks has been recognised as a “media organisation” by a UK tribunal in a ruling that flies in the face of claims by US officials who have branded it a “hostile intelligence agency”.

The anti-secrecy website – helmed by Julian Assange – has faced the ire of CIA director Mike Pompeo, who has compared its work to Hezbollah, Isis and al-Qaeda. Over the years, WikiLeaks has disclosed countless documents pilfered from the US government……….

The tribunal, in a section detailing the public interest for disclosing any withheld information, described Assange as “the only media publisher and free speech advocate in the Western world who is in a situation that a UN body has characterised as arbitrary detention”.

It added: “The circumstances of his case arguably raise issues about human rights and press freedom, which are the subject of legitimate public debate.”….http://www.ibtimes.co.uk/julian-assange-welcomes-uk-ruling-that-wikileaks-media-organisation-1651567

December 16, 2017 Posted by | UK, Wikileaks | Leave a comment

Britain’s plans to become a leader in Small Modular Nuclear Reactors

The government has announced up to £56m in funding for the development of
mini-nuclear plants. The money will be available over the next three years
to assess the potential of designs of advanced and small modular reactors
(SMRs). It will also support early access to regulators in order to build
the capability and capacity needed to assess and licence SMRs and will
establish an expert finance group to advise how small reactor projects
could raise private investment in the UK. The first round of funding
comprises up to £4m for feasibility studies and up to £7m to further
develop their capability. Should these efforts prove successful, up to
£40m will be made available for R&D projects to bring the technology into
the mainstream. The government said it wanted the UK to become a world
leader in developing the next generation of nuclear technologies.

Engineering & Technology 8th Dec 2017

https://eandt.theiet.org/content/articles/2017/12/mini-nuclear-power-plant-concept-gets-56m-funding-boost-from-uk-government/

December 11, 2017 Posted by | politics, Small Modular Nuclear Reactors, UK | Leave a comment

Horizon nuclear venture wants direct tax-payer funding for its Wylfa nuclear station project

Times 8th Dec 2017. Hitachi could stop funding the development of a new nuclear plant on
Anglesey unless the government agrees a viable financial support package by
the middle of next year, the head of the project has warned.

Duncan Hawthorne, chief executive of the Horizon venture, said that its Japanese
owners had already spent £2 billion and would not keep “throwing a
bottomless pit of cash at a project without some certainty it can get to a
successful conclusion”.

Horizon is in talks with the UK and Japanese governments about possible direct state funding for its proposed plant at
Wylfa Newydd. Ministers appeared yesterday to move closer to agreeing
direct funding as the Nuclear Industry Council, a joint industry-government
body that is co-chaired by Richard Harrington, the energy minister,
recommended looking at models including the government taking an equity
stake in projects.

The National Audit Office has said that such models
could significantly reduce the cost to consumers compared with Hinkley
Point C, Britain’s first new plant in a generation. In further nuclear
industry developments yesterday The Nuclear Industry Council set targets
for reducing the costs to consumers of nuclear plants by up to 30 per cent
by 2030. The head of the Nugen venture developing reactors in Cumbria said
that its proposed acquisition from Toshiba by South Korea’s Kepco, which
plans to use its own reactor design, could delay its first power until
2030.

The government announced a fresh review into ways of financing small
nuclear reactors, and £4 million funding for feasibility studies into
other early-stage technologies. Mr Hawthorne acknowledged that the
government as a whole was yet to be convinced on the idea of direct
financing, with the Treasury concerned about anything that would put a
plant on its balance sheet, but said time was running out. He told The
Times: “We have been saying we need to have some confidence that the basis
of a transaction exists and we need to see some documentary evidence of
that. By the middle of 2018, we need to have something tangible to show to
our shareholders that allows them to keep funding.”
https://www.thetimes.co.uk/edition/business/hitachi-will-stop-anglesey-nuclear-plant-funds-without-deal-mbjzk6jj2

December 9, 2017 Posted by | politics, UK | Leave a comment

Scrutiny on Small Modular Nuclear Reactors as UK govt ploughs money into them , despite financial risks

Telegraph 7th Dec 2017, Ministers are poised to plough almost £150m into developing new nuclear
technologies even after the Government’s own investigation revealed deep
uncertainties about the economics of next generation reactors.

The Government’s plan to reboot its stalled nuclear ambitions by investing in
research and development has been mired by indecision and delay since it
promised in 2015 to provide £250m to help developers find new, cheaper
ways to invest in the low-carbon power.

Government provoked furtherconfusion today after issuing a flurry of funding announcements for small
modular reactors, known as ‘baby nukes’, alongside findings that they may
prove even more expensive than traditional nuclear plants.

The new reactors, being developed by industrial giants including Rolls Royce and
NuScale, will face another round of financial scrutiny by industry experts,
the Government said. But in the meantime as much as £460m has been
promised for new nuclear research and development by the end of the decade.

The money will come from the Government, Innovate UK, and the Research
Councils, a Government spokeswoman said. The research funding windfall
includes £86m to develop nuclear fusion technology and a further £56m
towards research and development of next generation nuclear reactors.
http://www.telegraph.co.uk/business/2017/12/07/nuclear-windfall-new-technologies-concerns-cost-persist/

December 9, 2017 Posted by | Small Modular Nuclear Reactors, UK | 1 Comment

Electricity from Small Modular Nuclear Reactors (SMRs) would be much more expensive than from ‘conventional’ reactors

Power from mini nuclear plants ‘would cost more than from large ones’
UK government study finds electricity would be nearly one-third pricier than it would from plants such as Hinkley Point C, 
Guardian, Adam Vaughan, 7 Dec 17, Electricity from the first mini nuclear power stations in Britain would be likely to be more expensive than from large atomic plants such as Hinkley Point C, according to a government study.

Power from small modular reactors (SMRs) would cost nearly one-third more than conventional large ones in 2031, the report found, because of reduced economies of scale and the costs of deploying first-of-a-kind technology.

The analysis by the consultancy Atkins for the Department for Business, Energyand Industrial Strategy said there was “a great deal of uncertainty with regards to the economics” of the smaller reactors.

However, the authors said such reactors should be able to cut costs more quickly than large ones because they could be built and put into service in less time.

Advocates have argued that the reactors could be built in factories and achieve savings through their modular nature.

While the report covers the technology being used by several of the international companies seeking government support, it does not apply to the design being pushed by businesses including Rolls-Royce.

A government source said nuclear companies had told officials that the cost of the technology had come down since the report, which was finished in July last year but only published on Thursday.

As revealed by the Guardian earlier this week, ministers confirmed that SMR developers would receive £56m of public funding for research and development over three years. A further £86m was announced for work on nuclear fusion.

Greg Clark, the business secretary, said the backing would help the nuclear sector compete globally………

The government also defended Britain’s need for new nuclear power in the face of falling renewable costs.

Richard Harrington, the energy minister, said the record low subsidies recently awarded to offshore windfarms emphasised the challenge for the French, Korean, Chinese and Japanese companies building the UK’s new generation of nuclear plants to be competitive on price………

green groups and politicians accused the government of talking down renewables.

Doug Parr, the policy director at Greenpeace UK, said: “Instead of downplaying the rapid advancement of UK renewables, the government should concentrate on the export opportunities for this UK success story.”

Caroline Lucas, the Green party co-leader, called the UK’s energy policy a mess. “Ministers are ploughing huge sums of money into supporting overpriced nuclear, while retaining a de facto ban on onshore wind and failing to give solar the support the sector needs,” she said……. https://www.theguardian.com/environment/2017/dec/07/power-mini-nuclear-plants-cost-more-hinkley-point-c

December 8, 2017 Posted by | Small Modular Nuclear Reactors, technology, UK | Leave a comment

Small Modular Nuclear Reactors not economically viable, but UK govt is funding them anyway

UK government to release funding for mini nuclear power stations
Up to £100m expected to be announced in effort to make UK leader in technology and provide fresh source of clean power,
Guardian, Adam Vaughan, 4 Dec 17, The energy minister, Richard Harrington, is expected to announce support for the embryonic technology on Thursday, industry figures told the Guardian. The funding is likely to be up to £100m, one source said.

Small modular reactors provide about a tenth of the power of a conventional large nuclear power station, such as the one EDF is building at Hinkley Point C in Somerset. But their backers pitch them as a cheaper and quicker way to generate the new, low-carbon power the UK needs.

 Rolls-Royce has been publicly and privately lobbying the Department for Business, Energy and Industrial Strategy (BEIS) over its SMR design, which it positions as an industrial opportunity for Britain that would generate thousands of UK jobs.

The firm argues that with electric cars likely to drive up future energy demand, the reactors will become a vital part of national infrastructure………

The funding is designed to help Rolls and other consortia, including the US companies NuScale and Terrapower and the controversial Chinese firm CNNC, undertake the research and development for a small nuclear power station to be built in the UK. It is not yet clear who will win a share of public funds, or how the pot will be carved up between the 33 participants in the SMR competition.

Government officials have repeatedly made it clear that developers will only get financial help if they can prove their SMR will be affordable and competitive with rival energy sources. The earliest an SMR is thought likely to be ready for deployment in the UK is around 2030………

The former energy secretary Lord Howell gave his backing to the reactors at a recent House of Lords event, where advocates and critics debated the technology.

“The obvious way forward is through the sequential construction of a new series of smaller modular reactors of the kind now being developed by Rolls-Royce in the UK, and also in China and in America,” said Howell.

However, energy experts said the case for SMRs was far from proved, especially given the falling cost of alternatives such as offshore windfarms………….

Paul Dorfman, a research fellow at University College London, said: “The real question the government must ask is this: given the ongoing steep reduction in all renewable energy costs, and since SMR research and development is still very much ongoing, by the time SMRs comes to market, can they ever be cost competitive with renewable energy? The simple answer to that is a resounding no.”

An energy industry source also questioned how credible most of the SMR developers were. “Almost none of them have got more than a back of a fag packet design drawn with a felt tip,” the source said……..https://www.theguardian.com/business/2017/dec/03/mini-nuclear-power-stations-uk-government-funding

December 4, 2017 Posted by | technology, UK | Leave a comment

South Korea’s Korea Electric Power Corporation (Kepco) to save UK’s troubled Moorside nuclear power plan?

Koreans save Cumbria’s Moorside nuclear plant,  http://www.telegraph.co.uk/business/2017/12/02/koreans-save-cumbrias-moorside-nuclear-plant/  , energy editor 2 DECEMBER 2017

The nuclear industry will clinch a multi-billion pound lifeline from South Korea this week alongside a government rescue deal.

Korea Electric Power Corporation (Kepco) is expected to say it will join the beleaguered consortium behind Europe’s largest new nuclear plant at Moorside in Cumbria to help prop up the £15bn project. The early agreement will kick-start the process of securing final approvals from nuclear regulators and company bosses before a final decision is made early next year.

The Nugeneration consortium was plunged into chaos this summer as Toshiba, the project’s lead developer, faced financial ruin due to its troubled Westinghouse nuclear business which had planned to build the Moorside reactor. It was then left scrambling to find new project partners as French energy giant Engie abandoned Nugen after Westinghouse crashed into bankruptcy proceedings in the US.

Alongside the injection of Korean capital into the UK, Business Secretary Greg Clark is expected to underline government support for the sector in a flurry of pledges. Industry sources said it would be the Government’s “most ambitious and complex sector deal” undertaken to date.
The lifeline comes shortly after Mr Clark held talks with South Korea’s trade minister last month in which the pair signed a memorandum to strengthen plans to collaborate on new nuclear projects. The agreement was kept under wraps ahead of this week’s package of policies which will form the building blocks of a landmark sector deal for the industry in 2018.
There is likely to be “significant funding” to rescue Britain’s world-leading Culham Centre for Fusion Energy near Oxford, which many feared would be forced to close in the wake of Brexit. Government will also break its silence over plans to develop small-modular nuclear reactors, or “mini-nukes”. Ministers hope the package of support measures could help reduce nuclear construction costs by between 20pc and 30pc, while cutting the cost of decommissioning by a fifth.

December 4, 2017 Posted by | politics, UK | Leave a comment

UK: Energy and Climate Intelligence Unit calls for windfarms: wind energy now cheapest form of electricity

No new onshore wind projects have been given contracts in the UK since a
change of government in 2015. The few still being built were awarded
contracts beforehand.

Now, an independent think tank — the Energy and
Climate Intelligence Unit — is arguing that construction of new onshore
wind farms could save electricity consumers as much as £1.5 billion
(€1.7 billion/$2 billion) over five years. Onshore wind is now the
cheapest form of electricity generation and can deliver savings even when
taking into account the costs associated with managing variability.

The report notes that a Spanish auction in May 2017 delivered onshore wind at
€43/MWh ($51/MWh) and suggests that around 1GW in the UK could be
delivered by the 15-year contracts for difference (CfD) currently used at
£49.40/MWh ($65/MWh) or less.

This is lower than the current estimate for new gas-fired generation of £66/MWh ($87/MWh). Assuming an average load
factor of 0.31 for onshore wind in the UK, 1GW would deliver 2.7TWh of
energy.

The report estimates the costs of delivering 2.7TWh by other means,
including the Hinkley Point C nuclear power station, a recently-contracted
biomass project, offshore wind, combined-cycle gas turbines (CCGT) and
small modular reactors (SMR). The Energy and Climate Intelligence Unit
report compares the annual generation costs from these sources.

They rangefrom £166 million in the case of onshore wind and £198 million for
offshore wind, to £271 million for Hinkley Point and £308 million in the
case of the biomass plant. The estimates for wind include an allowance for
an “integration cost” of £10/MWh ($13/MWh). This covers the costs of the
measures needed to cope with variability.
https://www.windpowermonthly.com/article/1451012/wind-economics-uk-consumers-miss-big-savings

December 4, 2017 Posted by | renewable, UK | Leave a comment

Underground bunkers – a promising marketing opportunity for South Korean and UK businessmen

Bomb shelter boss ‘wants North Korea to launch nuclear attack’ to help sell new ‘high street bunkers’  Mirror UK, 30 Nov 17    British bunker experts have been working alongside a Korean company on making the world’s toughest shelters to prepare for nuclear war A bomb shelter boss ‘wants North Korea to launch a nuclear attack’ to help sell ‘high street bunkers’.

The bunkers have been built to withstand a nuclear attack, by Kim Jong-un are now being sold on Seoul’s high street.

 British bunker experts Castellex have been working alongside the Korean company Chumdan Bunker System on making the world’s toughest shelters to prepare for nuclear war.

A ‘bunker showroom’ has now been opened in downtown Seoul, in the same shopping area where people are buying clothes and cosmetics.   CBS owner Go Wan Hyeok says that demand from ‘petrified’ locals for affordable bunkers led him to set up in the busy retail district of Jangan-Dong – and wants to branch out to Europe and the UK within five years.

He said: “I’m wishing that he presses the button and shoots the bomb! 

“I think more people will be selling bunkers on the high street in the next five years but I’m the first in the world. I want to then open up showrooms in Europe and my friends in the UK.”……http://www.mirror.co.uk/news/world-news/bomb-shelter-boss-wants-north-11613699

December 1, 2017 Posted by | marketing, South Korea, UK | Leave a comment

Looks as if UK nuclear power is coming to the end of the line

Is This The End Of Nuclear Power In The UK? https://oilprice.com/Alternative-Energy/Nuclear-Power/Is-This-The-End-Of-Nuclear-Power-In-The-UK.html, 

First, let’s put the Hinkley Point C nuclear power station in context. The UK government first announced its nuclear power expansion program in 2006. The plan was to build five new nuclear generating stations, producing 16 GWs, to be on-line by 2030. The units planned are at Sizewell, Wylfa, Moorside, Oldbury and Hinkley.

At the time the government cited two concerns with respect to the adequacy of national electric power generation. First, that “security of supply (was) jeopardized” and second, that by 2025 there would be a need to replace aging coal-fired and nuclear power generating plants. The ensuing decade was not kind to the assumptions of UK energy planners.

The price of both renewables and natural gas dropped significantly. License extensions could keep most existing nuclear power stations running. And demand for power has fallen below expectations due to moderating economic trends and the dampening impact of conservation measures.

From a UK power generation perspective, the big winners in recent years have been natural gas and renewables. Coal burn has dropped drastically and nuclear has remained stable.

On a price competition basis, the future looks like a race to the bottom between natural gas and the ever-declining costs of wind and solar technology. On a cost basis, the Hinkley guarantee of £92.50 per MWh looks rather steep compared with the £57.50 recent price for off-shore wind.

We can already hear the harrumphing from the pro nuclear contingent. But this to us is the problem of making commercial nuclear technology the Zelig of the energy world. In a world eager for low carbon, base load capacity, nuclear has attempted to re-brand itself as the low carbon option. But in countries facing stagnant or declining electrical demand, the need for new, non-intermittent base load power generating resources is diminishing as well.

You can find Leonard Hyman’s lastest book ‘Electricity Acts’ on Amazon

And the other low carbon generating resources, renewables, intermittent though they may be, are now much cheaper than new nuclear construction (£57.50 vs £92.50).

At another level, electricity is a commodity. A commodity that we can’t store, but still. And in a commodity business, where the product is wholly undifferentiated, price is the only consideration. Taken in this context, new nuclear is a non-starter.

December 1, 2017 Posted by | business and costs, politics, UK | Leave a comment