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Altman-Backed Oklo Sees Data Centers Boosting Nuclear Demand, (though OKLO design not yet approved)

Will Wade, Bloomberg News

Bloomberg) — A day after announcing a deal to provide nuclear energy to a data center, Oklo Inc. says it expects to sign additional contracts from the power-hungry industry. 

About 80% of Oklo’s inbound inquiries are coming from data center operators, according to Jacob DeWitte, chief executive officer of the company that is backed by Sam Altman, CEO of the AI firm OpenAI Inc. It went public this month through a merger with Altman’s AltC Acquisition Corp.

Oklo agreed Thursday to deliver 100 megawatts of power to Wyoming Hyperscalar to run a data center campus. “This is just a scratch on the tip of an iceberg,” DeWitte said in an interview Friday at Bloomberg’s headquarters in New York. “There’s going to be a lot more.”

May 27, 2024 Posted by | Small Modular Nuclear Reactors, USA | Leave a comment

Officials set up road closures around Sunnyside Community Hospital for radiation concerns

Le’Ana Freeman NonStop Local Digital Journalist, May 26, 2024, SUNNYSIDE, Wash.   https://www.nbcrightnow.com/news/sunnyside-police-warn-public-to-avoid-sunnyside-hospital-for-radiation-concerns/article_f8308f6e-1ba9-11ef-98e3-af76c9eab7ef.html

Sunnyside Police have confirmed they are blocking off the Sunnyside Hospital area from Franklin Ave to East Edison Ave to continue decontamination efforts. 

Officials are asking the public to avoid the area. 

Officials have asked the public to avoid the Sunnyside Hospital area.

According to the Sunnyside Police Department, construction workers arrived at the Sunnyside Hospital and reported radiation exposure from a construction site out of town. The hospital is decontaminating the emergency room and patients. 

Police ask the public to divert from the hospital and avoid the area for safety. 

May 27, 2024 Posted by | safety, USA | Leave a comment

Blinken Pushing To Let Ukraine Hit Russian Territory With US Weapons

Many members of Congress are also calling for President Biden to lift the ban, which risks a major escalation

by Dave DeCamp   https://news.antiwar.com/2024/05/23/blinken-pushing-to-let-ukraine-hit-russian-territory-with-us-weapons/?utm_source=substack&utm_medium=email

Secretary of State Antony Blinken is leading a push within the Biden administration to allow Ukraine to use US-provided missile systems and other weapons to hit Russian territory, The New York Times reported on Wednesday.

The report said there is a “vigorous debate” within the administration in the wake of Russia’s new offensive in Kharkiv, which was launched from over the border in Russia’s Belgorod oblast.

It’s unclear how many other high-level officials agree with Blinken, but the pressure is growing on President Biden to lift the prohibition on Ukraine using US weapons on Russian territory, a ban that, according to the Times, is designed to “avoid World War III.”

House Speaker Mike Johnson (R-LA) and many other members of Congress are also calling to lift the ban. Ultra-hawk Victoria Nuland, who left the State Department in March, appeared on ABC News this week to make the pitch for Ukraine to extend its use of US weapons to Russian territory.

“I think there’s also a question of whether we, the United States and our allies, ought to give them more help in hitting Russian bases, which heretofore we have not been willing to do,” Nuland said.

“I think if the attacks are coming directly from over the line in Russia, that those bases ought to be fair game, whether they are where missiles are being launched from or where they are where troops are being supplied from,” she added.

Moscow recently warned the UK that if Ukraine used British weapons on Russian territory, Russian forces would target UK military sites in Ukraine “and beyond.” The warning came after British Foreign Secretary David Cameron said Ukraine had the “right” to use British arms in attacks on Russia.

Russia is currently conducting tactical nuclear drills that it launched in response to provocative rhetoric from Western officials about sending troops to Ukraine. The Times report said that the US was also considering deploying troops for training, although Chairman of the Joint Chiefs of Staff Gen. Charles Q. Brown said there were “no plans” to do so at the moment.

May 26, 2024 Posted by | Ukraine, USA, weapons and war | Leave a comment

Joe Biden’s Deceptive Declarations on Gaza are contradicted by his actions

Ralph Nader 24 May 24,

As the keynote speaker at Morehouse College in Atlanta last week, Joe Biden listened to the class Valedictorian’s call for a permanent ceasefire in Gaza. The President nodded and applauded with others in the assembly. In contrast, he had just approved another billion dollars in killer weapons for the genocidal Netanyahu regime to blow up what’s left of the Death Camps in Gaza. “Stop it, stop it now, Joe,” declared his wife, Dr. Jill Biden months ago.

Countless times Joe Biden has publicly urged Netanyahu to allow the waiting trucks carrying – food, water, and medicine – blocked at the Egyptian and Israeli borders to deliver this humanitarian aid. But Biden declined to demand sanctions and an end to the Israeli military blocking hundreds of trucks, paid for by the U.S., into Gaza to help the dying population. He could have draped American flags over these trucks and dared the Israeli state terrorists to stop them. Biden showed lethal weakness from an unused position of great presidential power. “Stop it, stop it now, Joe,” implored his wife Dr. Jill Biden as thousands of children are being killed who could have been saved.
Biden asked early on that Netanyahu comply with international law. His government commits daily overt numerous war crimes targeting civilians, homes, schools, markets, hospitals and health clinics, ambulances, fleeing refugees, and even Mosques and Churches. The Israeli regime also violates the international law that requires the conquerors to protect the civilian population. Biden, Blinken and Austin have refused to condemn such “crimes against humanity,” halt arms shipments and thereby obey five federal laws prohibiting the U.S. from sending weapons to countries that are violating human rights or being used for offensive purposes.
When Biden took his oath of office, he swore to uphold the laws of the land. That oath requires action. His State Department, in a required compliance report this month to Congress, disgracefully punted. “Stop it, stop it now, Joe,” beseeched Dr. Jill Biden.
From the beginning, Biden has backed a two-state solution publicly and in private conversations with Netanyahu. These words support a peaceful settlement. Yet whether under Obama as vice president for eight years or since 2021, as president, Biden has not connected to any action advancing the two-state proposal. Worse, he has never called out Netanyahu, with consequences, for bragging year after year to his Likud Party that he has been supporting the Hamas regime and helping to fund it because Hamas, like Netanyahu, opposes a two-state solution.
Biden is still rejecting the recognition of a Palestinian state by 143 of the 193 member states of the United Nations. This week Spain, Norway and Ireland said they would recognize a Palestinian state. Biden bizarrely insists statehood be negotiated with Israel. He knows, of course, how many Israeli colonies (so-called settlements) exist in the West Bank and East Jerusalem. Israel rejects outright any such Free Palestine. Weak Joe Biden is okay with that brutal occupation. “Stop it, stop it now, Joe,” says Dr. Jill Biden.
Joe Biden is always condemning anti-semitism against Jews, while he spends billions of dollars weaponizing Netanyahu’s violent anti-semitism against Arab semites in Palestine. This “other” anti-semitism has been violently inflicted, with very racist epithets, on defenseless, subjugated Palestinian families for over fifty-five years. The violence includes U.S. fighter planes bombing, ground troops smashing homes, and refugee camps, blowing up homes, imprisoning and torturing thousands of men, women and children, without charges, and hundreds of dictates, checkpoints, and other maddening harassments. (See the New York Times Magazine Sunday, May 19, 2024 piece “The Unpunished: How Extremists Took Over Israel”). Biden and Netanyahu are arm-in-arm anti-semites against Arabs. (See the “Anti-Semitism Against Arab and Jewish Americans” speech by Jim Zogby and DebatingTaboos.org).
Throughout his fifty-year political career, Biden has never said that “Palestinians have a right to defend themselves.” Only the overwhelmingly more powerful, occupying Israelis have this right, as he has repeated hundreds of times. “Stop it, stop it now, Joe,” advises Dr. Jill Biden.
Biden has expressed doubt about the Hamas Health Ministry’s fatality count in Gaza – itself a huge undercount. (See my column March 5, 2024 column:  Stop the Worsening UNDERCOUNT of Palestinian Casualties in Gaza). His actions enabling the Israeli annihilations (“over the top” he once blurted) are moving the real fatality toll, especially with the Rafah invasion and starvation, to the fastest rate ever recorded in 21st century conflicts, according to experts. This includes the bloody, accelerating deaths of babies and children.
It’s the ongoing massacre of these little innocents – in their mother’s or father’s arms or in crumbling hospitals that led Dr. Jill Biden to admonish: “Stop it, stop it now, Joe.”

Still, Joe Biden conveys weakness to Netanyahu, to Netanyahu’s Congress and its omnipresent “Israel-can-do-no-wrong” lobby. Being weak on such a high visibility and protested genocide in Gaza is bad for your re-election, Joe. Even though Der Führer Donald is worse. Look at the latest polls in the swing states! A true leader doesn’t zig and zag when innocent people are being killed. “Stop it, stop it now, Joe.”

May 26, 2024 Posted by | politics, USA | Leave a comment

Follow the Money: How Israel-Linked Billionaires Silenced US Campus Protests

Scheerpost, By Alan MacLeod / MintPress News, May 23, 2024

Thousands of students face severe consequences for protesting Gaza violence. Alan Macleod investigates the powerful financial and ideological ties to Israel driving the harsh responses from America’s top universities.

America’s universities are on fire. A protest movement against the violence in Gaza and U.S. colleges’ complicity in them has swept the nation, with encampments on college campuses in 45 of America’s 50 states. The crackdown has been swift; thousands of students have been arrested, charged, fined, lost their degrees, or even deported. Amid corporate media demanding a “Kent State 2.0”, riot police, armored vehicles and snipers have been deployed across the country to terrify those campaigning for justice into silence.

Why have overwhelmingly peaceful demonstrations against a foreign power’s actions been met with such a heavy-handed response? A MintPress News investigation finds that those same elite institutions have deep financial and ideological ties to the state of Israel, are funded by pro-Israel billionaires who have demanded they take action to crush the student movement, are partially funded by the Israeli government, and exist in a climate where Washington has made it clear that the protests should not be tolerated.

ISRAEL’S BILLIONAIRE BACKERS

The movement began on April 17 at Columbia University, where a modest Gaza solidarity encampment was established. Protestors hardly expected to be welcomed by university authorities but were shocked as university president Minouche Shafik immediately called in the NYPD – the first time the university had allowed police to suppress dissent on campus since the famous 1968 demonstrations against the Vietnam War.

Shafik’s decision was no doubt influenced by the enormous pressure put on her by the university’s top donors – many of whom have deep connections to the Israeli state and its military

The turning point, Kraft said, was watching a publicity stunt by Shai Davidai, an Israeli-American academic at Columbia, who claimed his access to campus was revoked. Davidai had previously called the student protestors “Nazis” and “terrorists” and called for the National Guard to be set upon the encampment, obliquely referencing the Kent State University Massacre while doing so.

Kraft is one of Columbia’s most important donors, giving the institution millions of dollars, including $3 million to fund the Kraft Center for Jewish Student Life.

He also has deep connections to Israel, having visited the country over 100 times, including to have private lunch with his friend, Prime Minister Benjamin Netanyahu, who said, “Israel does not have a more loyal friend than Robert Kraft.”

Netanyahu is correct. Kraft is one of the Israel lobby’s primary benefactors, donating millions to groups such as the American Israel Public Affairs Committee (AIPAC), The Israel Project and StandWithUs. He pledged a gigantic $100 million to his own Foundation to Combat Antisemitism – a group that presents critics of Israeli policy with the charge of anti-Jewish racism. He has also funded a host of pro-Israel politicians in races against progressive, anti-war challengers. A recent MintPress News investigation took a closer look at how Kraft is a key actor in trying to launder Israel’s image in America.

LEON COOPERMAN

Another billionaire benefactor pulling his Columbia funding is Leon Cooperman………………………………………

LEN BLAVATNIK

A third billionaire backer using his financial clout to pressure Columbia is Soviet-born oligarch Len Blavatnik, who demanded that the university protestors be “held to account.” Leaked messages reveal that for Blavatnik,  this meant using the full weight of the law against protestors………………………………………….

IDAN OFER

From Columbia, the protests quickly spread across America, including to many of the country’s most prestigious institutions, including Harvard.

LESLIE WEXNER

Another billionaire apparently “stunned and sickened” by Harvard’s pro-Hamas positions is former Victoria’s Secret CEO Leslie Wexner. Apart from Wexner’s exceptionally close and well-publicized connections to child sex traffickers and Israeli intelligence asset Jeffrey Epstein, Wexner is a major donor to Israeli causes……………………………………………

MARC ROWAN

Nowhere, however, has the elite backlash to student protests been as bitter as at the University of Pennsylvania. Leading the charge to suppress pro-Palestine sentiment on campus there has been Marc Rowan. The billionaire investor demanded that his side must “exact a price” on students who express solidarity with Palestine. ……………………………………………………………………

ACADEMIC COLLABORATION

In addition to pressure from donors, elite U.S. universities have close academic and business ties to Israel………………………………………………………………………………………………………………………………

PAID FOR BY ISRAEL

However, more controversial than the academic collaboration is the Israeli government’s direct funding of American educational institutions. MIT, for example, is awash in Israeli cash. Scientists Against Genocide, a group at MIT, report that, since 2015, the university has received over $11 million in authorized research funding from the Israeli Ministry of Defense. This cash has reached various departments, including Electrical Engineering and Computer Science, Biological Engineering, Physics, Aeronautics and Astronautics, Materials Science and Engineering, and Civil and Environmental Engineering…………………………………………………………………….

TIES TO THE MILITARY INDUSTRIAL COMPLEX

It could be argued that MIT could reasonably be accused of directly abetting a genocide in Gaza. However, MIT and other elite institutions are under enormous governmental pressure from the other side. Its president, Sally Kornbluth, as well as Harvard president Claudine Gay and Pennsylvania’s Magill, were brought before Congress and grilled on their universities’ alleged support for Hamas and indifference to antisemitism. The case made national news and focused waves of pressure on universities nationwide………………………………………………….

While corporate media has demonized the students as out-of-touch supporters of terrorism, they enjoy widespread support among their peers. Students approved a resolution calling on MIT to cut all research and financial ties to the Israeli military, with 63.7% of undergraduates and 70.5% of graduates voting in favor of it. American adults aged between 18 and 44 support the nationwide protests by a ratio of 4:3.

THE CRACKDOWN

Authorities, however, have been in little mood to negotiate, and images of black-clad riot police beating up and dragging away students and faculty members have gone viral across the globe………………………………………………………………………………………..

SHREDDING THE FIRST AMENDMENT…………………………………………………………

Despite the campus demonstrations being overwhelmingly peaceful, authorities have chosen to crack down harshly upon them, shredding the First Amendment in the process. Why have both universities and the government shown virtually zero tolerance towards those protesting against genocide? Firstly, because so many big-money university benefactors are themselves committed Zionists and have deep ties to the Israeli state…………………………………………  https://scheerpost.com/2024/05/23/follow-the-money-how-israel-linked-billionaires-silenced-us-campus-protests/

May 25, 2024 Posted by | Education, secrets,lies and civil liberties, USA | Leave a comment

Biden and Congress Are Destroying International Law for Israel

The current American threats to sanction the ICC could spell the death of International Law. Whatever little hope people had for a just international system will disappear.

MondoWeiss, BY MITCHELL PLITNICK  MAY 23, 2024 


“Let me be clear, we reject the ICC’s application for arrest warrants against Israeli leaders,” U.S. President Joe Biden told his audience at a Jewish American Heritage Month event at the White House on Monday. 

Biden criticized the request for arrest warrants as creating a “false equivalence” between Israel and Hamas. By making that statement, Biden took a clear stance against the rule of law, under which any party, regardless of any other status, must be dealt with the same way. 

He also clarified again, if anyone was still unclear on the point, that the United States rejects accountability for itself and its allies, but holds rigorous standards in that regard for its enemies. Just over a year ago, Biden said that an ICC arrest warrant against Russian President Vladimir Putin was “justified” because he had “clearly committed war crimes.” 

The hypocrisy is par for the American course. But Biden is now faced with a dilemma. He and other senior officials in his administration have indicated that they will use more than words in response to the ICC Prosecutor’s request. Some in Congress are essentially calling for all-out war on the Court. But Biden is likely to be reluctant to go that far.

Republicans target the ICC

It had been clear for the past several weeks that the International Criminal Court (ICC) was preparing a case against Israeli leaders, and on Monday, the Chief Prosecutor of the Court, Karim Khan, requested arrest warrants for three Hamas leaders and two Israelis. The Israelis were Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. 

Predictably, both Israeli and American leadership lapsed into hysterics. As usual, Netanyahu immediately labeled the request for the warrants “the new antisemitism.” He also claimed that the Prosecutor “should be worried about his status,” a thinly veiled threat of violence, and that Khan was “turning the ICC into a pariah institution” and was “pouring gasoline on the fires of antisemitism spreading around the world.”

That kind of reaction reflects a profound concern about the charges potentially being brought against him — and it should not be overlooked that his statement did not include a denial of those charges. Netanyahu ran through the entire tired propaganda playbook, yet in doing so, he only highlighted the legitimacy of Khan’s request. But this was far from the beginning of the war on the Court.

Last week, before the warrants had been requested, a group of twelve Republican senators threatened Khan directly in a letter against bringing charges against Netanyahu. The letter was signed by some of the most prominent Republicans in the Senate, including Minority Leader Mitch McConnell, Marco Rubio, Tom Cotton, Ted Cruz, and Tim Scott. 

The letter threatened sanctions against the ICC and Khan himself, saying “Target Israel and we will target you.” This is language that should be more characteristic of the Mafia than of government officials, though increasingly, it is hard to tell the difference. It closed by stating flatly, “You’ve been warned.”

Khan also told CNN’s Christiane Amanpour that a “senior elected official” had told him ‘This court (the ICC) is built for Africa and for thugs like Putin.” It seems likely that such a blunt and racist bit of bullying came from an American leader……………………………………………………………………….. more https://mondoweiss.net/2024/05/biden-and-congress-are-destroying-international-law-for-israel/

May 25, 2024 Posted by | Legal, USA | Leave a comment

Project Veritas: White House aide admits Biden fears ‘huge Jewish influence’

The US president won’t risk angering the lobby in Washington, a security adviser told Project Veritas

Wed, 22 May 2024  https://www.rt.com/news/598009-biden-condemn-israel-veritas/

US President Joe Biden is under pressure from the Democratic Party’s progressive wing to more forcefully condemn Israel’s actions in Gaza, but will not do so unless he wins a second term in office, a National Security Council official has told Project Veritas. 

Biden’s position on Israel is the result of careful “political calculations,” National Security Council policy adviser Sterlin Waters told an undercover reporter for Project Veritas, a conservative outlet known for its hidden-camera sting operations.

On one hand, Biden and his top aides need to tell Israel that “you’re not going to continue to lie, and bomb, and kill all these kids without facing serious consequences” to placate progressive voters, Waters explained in a video published by the outlet on Tuesday. However, If Biden did this, Waters continued, he would anger the “huge, powerful Jewish influence in Republican and Democrat politics” and face a smear campaign that would cost him this November’s presidential election.

“If Biden won again he could be much more forthright about saying ‘No’,” Waters stated. “[But] that is a second-term decision.”

At present, Biden’s stance on Israel seemingly changes day to day, with the US president telling a crowd of college students on Sunday that he supports “an immediate ceasefire to stop the fighting” in Gaza, and telling reporters on Monday that “we stand with Israel to take out [Hamas leader Yahya] Sinwar and the rest of the butchers of Hamas.”

Israeli Prime Minister Benjamin Netanyahu maintains that Israel can only destroy Hamas by invading Rafah, a city in southern Gaza where more than a million displaced Palestinians are currently sheltering.

Earlier this month, Biden threatened to halt the supply of weapons to Israel if Netanyahu were to order a ground invasion of Rafah, a decision that Waters said was “a political risk.”

However, while the White House froze a shipment of bombs to Israel in late April, Biden approved a different, billion-dollar arms sale – including tank ammunition and mortar rounds – to the Jewish state days after pledging to withhold future deliveries.

Israel has pounded Rafah with airstrikes for the last two weeks, in addition to launching limited ground operations in the eastern neighborhoods of the city. Netanyahu has dismissed Biden’s threat to cut off military aid, proclaiming that Israel “will fight with our fingernails” if necessary. 

Despite Netanyahu’s bluster, the prime minister’s war cabinet has shelved plans for a major offensive in Rafah and opted for a more limited approach that will minimize civilian casualties, the Washington Post reported on Monday. Israeli sources who spoke to the Post said that this approach was chosen in order to avoid angering the US.

One day before Waters’ interview was published, a US State Department official told Politico that Secretary of State Antony Blinken had ordered staffers to stop leaking details to media of confidential discussions related to the Israel-Hamas conflict.

May 24, 2024 Posted by | politics, USA | Leave a comment

US military aid to Ukraine is ‘grift’ – Blackwater founder to Tucker Carlson

The equipment Washington sends to Kiev will never change the tide of battle, Eric Prince has said

 https://www.rt.com/news/598015-us-military-aid-ukraine-blackwater/ 22 May 24

US weapons shipments to Ukraine are senseless since they are not capable of changing the course of the conflict, Eric Prince, the founder of private American military contractor Blackwater, told journalist Tucker Carlson in an interview published on Tuesday.

The military aid to Ukraine is nothing but a “massive grift paid by the Pentagon,” Prince stated, adding that the latest major aid package worth $61 billion approved by Congress and signed by President Joe Biden in April will end up lining the coffers of US defense industry giants. Prince, himself a former Navy SEAL officer, resigned and divested from his company after the 2007 Iraqi massacre scandal.

“Most of that money goes to five major defense contractors to replace at five times the cost the weapons that we have already sent the Ukrainians,” the Blackwater founder said, adding that “it does not change the outcome of the battle.” 

“The Biden administration believed that all this American weaponry would have saved the day. It has not,” Prince said.

The Russian military has published photos and videos of damaged and destroyed Western-made military equipment in Ukraine, including US-supplied Abrams tanks. One of them ended up at a trophy exhibition in Moscow, alongside a German-made Leopard main battle tank and dozens of other pieces.

Kiev’s forces are already spread “very thin” and are about to face an “ugly summer,” according to Prince. “All the defenses that were supposed to be built by Ukrainians are much smaller or non-existent,” he said, mostly due to “corruption issues.” 

Moscow’s forces are “going to have a very good summer” and will seek to “absolutely humiliate the West and make sure they never have a problem with Ukraine again,” the Blackwater founder believes.

The interview comes amid Russian offensives in Donbass and Ukraine’s northeastern Kharkov Region, where Moscow’s forces have been steadily gaining ground. Last month, Russia’s former defense minister, Sergey Shoigu, said Moscow’s forces had seized the initiative and “dispelled the myth of the superiority of Western weapons.”

Prince went on to say that he never believed Ukraine could push Russia out of Donbass and Crimea. “The war should never have [been] started.” 

The only thing Washington and its allies will achieve in Ukraine is “facilitating the demise of the Ukrainian men” and “destroying” this nation “for future generations,” the Blackwater founder said.

Moscow has warned that Western arms shipments to Ukraine will only prolong the conflict without changing the outcome. It has also accused the West of forcing Kiev to “fight to the last Ukrainian.” In early May, Shoigu said that Kiev has lost more than 111,000 troops this year alone.

May 24, 2024 Posted by | business and costs, Ukraine, USA, weapons and war | Leave a comment

Sites with radioactive material more vulnerable as climate change increases wildfire, flood risks

the agency does not specifically consider future climate risks when issuing permits or licenses for new sites or projects

Likewise, the Nuclear Regulatory Commission considers only historical climate data rather than future projections in licensing decisions and oversight of nuclear power plants.

“We’re acting like … (what’s) happening now is what we can expect to happen in 50 years,”

The Canadian Press. Wed, May 22, 2024,
 https://ca.news.yahoo.com/sites-radioactive-material-more-vulnerable-050548288.html

As Texas wildfires burned toward the nation’s primary nuclear weapons facility, workers hurried to ensure nothing flammable was around buildings and storage areas.

When the fires showed no sign of slowing, Pantex Plant officials urgently called on local contractors, who arrived within minutes with bulldozers to dig trenches and enlarge fire breaks for the sprawling complex where nuclear weapons are assembled and disassembled and dangerous plutonium pits — hollow spheres that trigger nuclear warheads and bombs — are stored.

“The winds can pick up really (quickly) here and can move really fast,” said Jason Armstrong, the federal field office manager at Pantex, outside Amarillo, who was awake 40 hours straight monitoring the risks. Workers were sent home and the plant shut down when smoke began blanketing the site.

Those fires in February — including the largest in Texas history — didn’t reach Pantex, though flames came within 3 miles (5 kilometers). And Armstrong says it’s highly unlikely that plutonium pits, stored in fire-resistant drums and shelters, would have been affected by wildfire.

But the size and speed of the grassland fires, and Pantex’s urgent response, underscore how much is at stake as climate change stokes extreme heat and drought, longer fire seasons with larger, more intense blazes and supercharged rainstorms that can lead to catastrophic flooding. The Texas fire season often starts in February, but farther west it has yet to ramp up, and is usually worst in summer and fall.

Dozens of active and idle laboratories and manufacturing and military facilities across the nation that use, store or are contaminated with radioactive material are increasingly vulnerable to extreme weather. Many also perform critical energy and defense research and manufacturing that could be disrupted or crippled by fires, floods and other disasters.

There’s the 40-square-mile Los Alamos National Laboratory in New Mexico, where a 2000 wildfire burned to within a half mile (0.8 kilometers) of a radioactive waste site. The heavily polluted Santa Susana Field Laboratory in Southern California, where a 2018 wildfire burned 80% of the site, narrowly missing an area contaminated by a 1959 partial nuclear meltdown. And the plutonium-contaminated Hanford nuclear site in Washington, where the U.S. manufactured atomic bombs.

That realization has begun to change how the government addresses threats at some of the nation’s most sensitive sites.

The Department of Energy in 2022 required its existing sites to assess climate change risks to “mission-critical functions and operations,” including waste storage, and to develop plans to address them. It cited wildfires at Los Alamos and Lawrence Livermore national laboratories and a 2021 deep freeze that damaged “critical facilities” at Pantex.

Yet the agency does not specifically consider future climate risks when issuing permits or licenses for new sites or projects, or in environmental assessments that are reviewed every five years though rarely updated. Instead, it only considers how sites themselves might affect climate change — a paradox critics call short-sighted and potentially dangerous.

Likewise, the Nuclear Regulatory Commission considers only historical climate data rather than future projections in licensing decisions and oversight of nuclear power plants, according to a General Accounting Office study in April that recommended the NRC “fully consider potential climate change effects.” The GAO found that 60 of 75 U.S. plants were in areas with high flood hazard and 16 were in areas with high wildfire potential.

“We’re acting like … (what’s) happening now is what we can expect to happen in 50 years,” said Caroline Reiser, a climate and energy attorney at the Natural Resources Defense Council. “The reality of what our climate is doing has shifted dramatically, and we need to shift our planning … before we experience more and more of the extreme weather events.”

The National Nuclear Security Administration’s environmental safety and health division, which oversees active DOE sites, will conduct an internal review and convene a work group to develop “crucial” methodologies to address climate risks in permitting, licensing and site-wide assessments, John Weckerle, the division’s director of environmental regulatory affairs, told The Associated Press.

Assessments before and after projects are built are critical to protecting infrastructure and waste materials, said Dylan Spaulding, a senior scientist at the Union of Concerned Scientists.

“We know that climate change makes it likely that these events will happen with increased frequency, and that brings the likelihood for unprecedented consequences,” Spaulding said. Sites “can be better protected if you are anticipating these problems ahead of time.”

One of the most dangerous radioactive materials is plutonium, said Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists. It can cause cancer, is most dangerous when inhaled, and just a few hundred grams dispersed widely could pose a significant hazard, he said.

Experts say risks vary by site. Most plutonium and other radioactive material is contained in concrete and steel structures or underground storage designed to withstand fire. And many sites are on large tracts in remote areas where risk to the public from a radiation release would be minimal.

Even so, potential threats have arisen.

In 2000, a wildfire burned one-third of the 580-square-mile (1,502-square-kilometer) Hanford site, which produced plutonium for the U.S. atomic weapons program and is considered the nation’s most radioactive place.

Air monitoring detected plutonium in nearby populated areas at levels higher than background, but only for one day and at levels not considered hazardous, according to a Washington State Department of Health report.

The agency said the plutonium likely was from surface soil blown by the wind during and after the fire, though site officials said radioactive waste is buried several feet deep or stored in concrete structures.

Because the Hanford site is fire-prone — with 130 wildfires between 2012 and 2023 — officials say they’re diligent about cutting fire breaks and removing flammable vegetation.

The 2018 Woolsey Fire in California was another wakeup call.

About 150,000 people live within 5 miles (8 kilometers) of the Santa Susana Field Laboratory, a former nuclear power research and rocket-engine testing site.

The fire burned within several hundred feet of contaminated buildings and soil, and about 600 feet (183 meters) from where a nuclear reactor core partially melted down 65 years ago.

The state’s Department of Toxic Substances Control said sampling by multiple agencies found no off-site radiation or other hazardous material attributable to the fire. But another study, using hundreds of samples collected by volunteers, found radioactive microparticles in ash just outside of the lab boundary and at three sites farther away that researchers say were from the fire.

The state ordered demolition of 18 buildings, citing “imminent and substantial endangerment to people and the environment because unanticipated and increasingly likely fires could result in the release of radioactive and hazardous substances.”

It also ordered cleanup of old burn pits contaminated with radioactive materials. Though the area was covered with permeable tarps and did not burn in 2018, the state feared it could be damaged by “far more severe” wildfire, high winds or flooding.

“It’s like these places we think, it’ll never happen,” said Melissa Bumstead, founder and co-director of Parents Against Santa Susana Field Laboratory. “But … things are changing very quickly.”

Jay Coghlan, executive director of Nuclear Watch New Mexico, said he and others successfully urged federal nuclear security officials to include a wildfire plan in a 1999 final environmental impact statement for the Los Alamos National Laboratory.

The next year, the 48,000-acre (19,000-hectare) Cerro Grande Fire burned 7,500 acres (3,035 hectares) at the laboratory, including structures, and came within a half-mile (0.8 kilometers) of an area with more than 24,000 above-ground containers of mostly plutonium-contaminated waste.

The plan’s hypothetical fire “eerily matched the real fire,” Coghlan said, adding that it “could have been catastrophic,” if containers had been compromised and plutonium become airborne. But the lab had cut fire breaks around the area — and since then, most containers have been shipped to a permanent storage site in southern New Mexico.

Remaining radioactive material — including from the World War II Manhattan Project — now is underground with barriers to prevent leaching, or in containers stored under fire-retardant fabric-and-steel domes with paved floors until it can be processed for disposal.

The amount of radioactive material in each container is kept low to prevent a significant release if it were compromised, said Nichole Lundgard, engineering and nuclear safety program manager at DOE contractor N3B.

The lab also emphasizes fire preparedness, including thinning forests to reduce the intensity of future fires, said Rich Nieto, manager of the site’s wildland fire program.

“What used to be a three-month (fire) season, sometimes will be a six-month season,” he said.

Wildfires aren’t the only climate-related risk. Flooding from increasingly intense rainstorms can wash away sediment — especially in areas that have burned. Floods and extreme cold also can affect operations and have forced the shutdown of several DOE sites in recent years.

The Lawrence Livermore National Laboratory in Northern California was evacuated during a 2020 wildfire, and last year the lab was forced to shut down for three weeks because of heavy flooding.

The 2000 fire at Los Alamos was followed by heavy rainstorms that washed away sediment with plutonium and other radioactive material.

In 2010, Pantex was inundated with 10 inches (25 centimeters) of rain that forced the plant to shut down, affecting operations for almost a month. The plutonium storage area flooded and corrosion later was found on some containers that’s since “been addressed,” said Armstrong, the field office manager.

In 2017, storms flooded facilities that processed nuclear material and led to power outages that affected a fire alarm control panel.

Then in 2021, Pantex was shut down for a week because of extreme cold that officials said led to “freeze-related failures” at 10 nuclear facilities and other plants. That included failure of a sprinkler head in a radiation safety storage area’s fire suppression system.

Pantex has since adopted freeze-protection measures and a cold weather response plan. And Armstrong says there have been upgrades, including to its fire protection and electrical systems and installation of backup generators.

Other DOE sites also are investing in infrastructure, the nuclear security agency’s Weckerle said, because what once was considered safe now may be vulnerable.

“We live in a time of increased risk,” he said. “That’s just the heart of it (and) … a lot of that does have to do with climate change.”

 

May 23, 2024 Posted by | climate change, USA | Leave a comment

Endless Trump reporting in USA media, but very little reporting of genocide in Gaza

Why so little reporting of genocide in Gaza?

Walt Zlotow, 22 May 24 https://heartlandprogressive.blogspot.com/

If you only watch mainstream news, cable and network, you may not even be aware the US is enabling Israel’s grotesque genocide of Palestinians in Gaza. There’s a couple of reasons for that.

The entire commercial media has largely scrubbed reporting on genocide there. To cover it would reveal US complicity in the first major genocide of the 21st century, destroying any semblance of a livable existence for 2,300,000 Palestinians. Why expose the truth which doesn’t fit the now debunked narrative of American exceptionalism and decency round the world.

But there’s a more ghoulish reason scenes of genocide in Gaza are missing from the American version of Pravda. Israel is killing as many reporters on the ground as US 2,000 lb. bombs can obliterate. In the first 7 months of the genocide, 143 Palestinian reporters have been killed. That is more reporters than were killed in WWII and Vietnam War combined. But worse, it only includes credentialed reporters, not the many uncredited bloggers, writers and their family members killed along with them.

As in previous Israeli campaigns in Gaza, virtually all international media professionals are barred from entering Gaza to ensure Israeli crimes against the entire Palestinian people go unreported. Israel also imposes a gag order on its own journalists who might dare report the truth of its 8 month long genocide enabled by America. Just this week Israeli authorities seized Associated Press broadcasting equipment in southern Israel and blocked the outlet’s live feed of Gaza.

Turn on the endless loop of Trump trial coverage that passes for informing the American public and ponder: ‘If the genocide in Gaza is not being covered…does that mean it’s not happening?’

May 23, 2024 Posted by | media, USA | 1 Comment

In a letter to President Joe Biden and top members of his administration, Veterans For Peace asserts that U.S. law requires the cutoff of all weapons shipments to Israel

The national organization Veterans For Peace is demanding that the Biden administration abide by U.S. law regarding the illegal possession of unregulated nuclear weapons and halt all military aid to Israel.

In a letter to President Joe Biden and top members of his administration, Veterans For Peace asserts that U.S. law requires the cutoff of all military aid to Israel because it possesses nuclear weapons in noncompliance with the Nuclear Non-Proliferation Treaty (NPT). Israel does not admit it possesses nuclear weapons, has not signed the NPT, and does not allow inspections of its nuclear arsenal.

The letter lists multiple credible reports that Israel has possessed nuclear weapons for decades. Because Israel has not signed the NPT, the Symington-Glenn Amendments to the International Security Assistance and Arms Export Control Act of 1976, which allow no presidential discretion, require the suspension of all military aid.

The United States may not be able to directly control Israel’s nuclear weapons program, but it surely can—and must—curb the invasion of the Gaza Strip and Israel’s intensifying conflicts with its neighbors.

The president may not waive the cutoff of the aid and exports under the Glenn Amendment where there has been a nuclear weapons detonation, or the offending state has received a nuclear explosive device. Congress would have to enact new legislation authorizing the president to waive some or all of these sanctions.

“The law is quite simple,” said VFP National Director Mike Ferner. “Does Israel have an unregulated nuclear weapons arsenal? Yes, it does. Is Israel a signatory to the NPT? No, it isn’t. So, the question to Biden is, ‘Will you obey the law or continue to let the Madmen Arsonists run America?’”

The well-referenced 11-page letter was researched and written by VFP member Terry Lodge, an activist lawyer who specializes in nuclear issues. It makes for a fascinating read, detailing Israel’s many illegal actions to acquire nuclear weapons materials, and Henry Kissinger’s approval of Israel’s “strategic ambiguity.” Israel has never officially admitted it possesses nuclear weapons, but “everybody knows.” In November, an Israeli cabinet member actually suggested dropping a nuclear bomb on Gaza.

The letter also references former Secretary of State Colin Powell’s hacked email (“The boys in Tehran know Israel has 200, all targeted on Tehran, and we have thousands.’’). Colin Powell’s assertion that Iran’s capital Tehran has long been targeted by Israel’s nuclear weapons is especially chilling at this moment, when Israel has provoked an armed conflict with Iran and may be trying to drag the U.S. into a wider war in the Middle East. Would Israel attack Iran with nuclear weapons?

All U.S. Military Aid to Israel Must Be Ended Immediately

In a letter to President Joe Biden and top members of his administration, Veterans For Peace asserts that U.S. law requires the cutoff of all military aid to Israel because it possesses nuclear weapons in noncompliance with the Nuclear Non-Proliferation Treaty (NPT). Israel does not admit it possesses nuclear weapons, has not signed the NPT, and does not allow inspections of its nuclear arsenal.

The letter lists multiple credible reports that Israel has possessed nuclear weapons for decades. Because Israel has not signed the NPT, the Symington-Glenn Amendments to the International Security Assistance and Arms Export Control Act of 1976, which allow no presidential discretion, require the suspension of all military aid.

The United States may not be able to directly control Israel’s nuclear weapons program, but it surely can—and must—curb the invasion of the Gaza Strip and Israel’s intensifying conflicts with its neighbors.

The president may not waive the cutoff of the aid and exports under the Glenn Amendment where there has been a nuclear weapons detonation, or the offending state has received a nuclear explosive device. Congress would have to enact new legislation authorizing the president to waive some or all of these sanctions.

“The law is quite simple,” said VFP National Director Mike Ferner. “Does Israel have an unregulated nuclear weapons arsenal? Yes, it does. Is Israel a signatory to the NPT? No, it isn’t. So, the question to Biden is, ‘Will you obey the law or continue to let the Madmen Arsonists run America?’”

The well-referenced 11-page letter was researched and written by VFP member Terry Lodge, an activist lawyer who specializes in nuclear issues. It makes for a fascinating read, detailing Israel’s many illegal actions to acquire nuclear weapons materials, and Henry Kissinger’s approval of Israel’s “strategic ambiguity.” Israel has never officially admitted it possesses nuclear weapons, but “everybody knows.” In November, an Israeli cabinet member actually suggested dropping a nuclear bomb on Gaza.

The letter also references former Secretary of State Colin Powell’s hacked email (“The boys in Tehran know Israel has 200, all targeted on Tehran, and we have thousands.’’). Colin Powell’s assertion that Iran’s capital Tehran has long been targeted by Israel’s nuclear weapons is especially chilling at this moment, when Israel has provoked an armed conflict with Iran and may be trying to drag the U.S. into a wider war in the Middle East. Would Israel attack Iran with nuclear weapons?

All U.S. Military Aid to Israel Must Be Ended Immediately

Israel’s provocative approach to foreign relations before and since commencing the genocidal invasion of Gaza suggests that nuclear weapons might be used against both real and perceived existential threats to Israel. In May 2023, Prime Minister Benjamin Netanyahu assessed that Israel’s security problems come from Iran, and then in September, he insisted at the United Nations that “[A]bove all, Iran must face a credible nuclear threat.”

Presently, Israel has at least 90 warheads, and possibly as many as 200.Israel’s bombs are deliverable via aircraft, land-based ballistic missiles, and submarine-based cruise missiles. Israel’s Jericho III intercontinental ballistic missiles are capable of delivering a nuclear warhead from 4,000 miles away, which means that Iran, Pakistan (another NPT scofflaw non-weapons state believed to have nuclear weapons), and all of Russia west of the Urals—including Moscow—are within range of Israeli nuclear targeting, should Israel resort to The Bomb.

Israel is conducting an ongoing genocidal military campaign in the Gaza Strip against Palestinian civilians and the Hamas government, even as it bombs and fires artillery and rockets into Lebanon, Syria, and Iraq. The United States may not be able to directly control Israel’s nuclear weapons program, but it surely can—and must—curb the invasion of the Gaza Strip and Israel’s intensifying conflicts with its neighbors. Given the overwhelming evidence that Israel has received many nuclear weapons from its military branch and has maintained that offensive nuclear capability for decades, federal law compels President Biden to immediately terminate all military assistance to Israel.

May 23, 2024 Posted by | USA, weapons and war | Leave a comment

US-Saudi officials meet for security and nuclear deal

the Biden administration is offering a strategic deal on nuclear deal to the Saudis to assist a Saudi civilian nuclear program, as Iran has reached the weapons threshold under President Joe Biden’s watch.

May 20, 2024 , https://www.middleeastmonitor.com/20240520-us-saudi-officials-meet-for-security-and-nuclear-deal/

US National Security Adviser, Jake Sullivan, and Saudi Crown Prince, Mohammed Bin Salman, met in Dhahran to discuss a range of issues, including normalisation of ties with Israel, Reuters reports.

According to the report, a Saudi statement on Sunday also said, “the semi-final version of the draft strategic agreements between the two countries, which are almost being finalised”, were discussed.

The report added that the Biden administration is offering a strategic deal on nuclear deal to the Saudis to assist a Saudi civilian nuclear program, as Iran has reached the weapons threshold under President Joe Biden’s watch.

The meeting also covered “what is being worked on between the two sides on the Palestinian issue to find a credible path towards a two-state solution”, as well as attempts to stop the war in Gaza and facilitate the distribution of humanitarian aid there.

May 22, 2024 Posted by | politics international, Saudi Arabia, USA | Leave a comment

Militarism will inevitably lead America to bankruptcy

Drago Bosnic, independent geopolitical and military analyst, , October 16, 2023 https://infobrics.org/post/39611

The United States likes to boast about its much-touted industrial might and how it’s still “the world’s largest and most advanced economy”. Indeed, Washington DC holds several absolute world records when it comes to the economy. Namely, it has the highest national debt in the history of mankind, incurred by going all over the world, burning, pillaging, murdering and generally destroying the lives of hundreds of millions. Back in mid-September, the US national debt topped $33 trillion for the first time. Worse yet, by October 12 (just a bit more than 20 days later) it already grew another $520 billion. In August, it was estimated that the US budget deficit will be $1.7 trillion by year’s end, although experts now believe it’s extremely likely to go past that and reach around $2 trillion. If true, this means the deficit will grow by over 40% in comparison to last year when it stood at around $1.4 trillion.

The US debt-to-GDP ratio is nearly 130%, but Washington DC keeps raising the debt ceiling. Namely, in January 2023, the belligerent thalassocracy hit its debt limit and by June 2023, it was forced to suspend it to avoid default. We all remember last year and how the political West kept patting itself on the back for effectively stealing hundreds of billions in Russian foreign reserves and denying Moscow the ability to service its debt. The mainstream propaganda was maliciously overjoyed with the prospect of Russia’s artificially induced default. And yet, this never happened, while the US is the one that found itself in a near-default situation. What’s more, the only way to avoid it was to use a perpetual “cheat code” that simply enables it to incur more debt. A responsible government would do something to prevent the escalation of the crisis, but Washington DC has other plans.

Apart from making sure that its economic issues spill over to the rest of the world, where impoverished and heavily exploited countries pay the price of US imperialism, the belligerent thalassocracy keeps militarizing and creating enemies in order to feed the monstrosity called the American Military Industrial Complex (MIC). Back in late March, as the debt ceiling crisis was unfolding, General Mark Milley, Chairman of the Joint Chiefs of Staff, stated that the Pentagon would be doubling its military budget. At the time, Milley kept parroting about “a looming global conflict”, but clearly “forgot” to explain that if there were to ever be one, its sole cause would be the US itself, as it’s the only country on the planet with an openly stated strategy of “full spectrum dominance”. However, the only way to accomplish this is to keep spending funds that Washington DC simply doesn’t have.

Global military spending for 2022 was around $2.1 trillion, meaning that the US is already at over 40% of the world’s total with its current budget. Doubling it, even over the next several years (also taking into account that other superpowers would certainly respond to it), could push that figure close to 60%. In terms of the US federal budget, it would also require further cuts to investment in healthcare, infrastructure, education, etc. As the military currently spends approximately 15% of the entire US federal budget, obviously, doubling it would mean the percentage would go up to (or even over) 30%. Such figures are quite close to what the former Soviet Union was spending, which was one of the major factors that contributed to its unfortunate dismantlement and the later crisis in all post-Soviet countries that needed approximately a decade to recover.

As previously mentioned, such a move would also force others to drastically increase their own military spending in response to US belligerence. If China were to follow suit, its military budget would then rise to approximately $500 billion, while Russia’s military budget would be close to $200 billion. In fact, Moscow is already in the process of doing this, as it recently increased its defense spending by 70% in 2024 alone in order to tackle NATO aggression in Europe. As we can see, this is causing a military spending “death spiral” that’s extremely difficult to control and is leading the world into an unprecedented arms race. However, it seems that’s exactly what Washington DC wants. On October 12, the US Congress Strategic Posture Commission issued its final report and called for further expansion of America’s already massive arsenal of thermonuclear weapons.

It should be noted that the reasoning (although there’s hardly anything reasonable in it) behind such a decision is a simultaneous confrontation with both Russia and China. This includes massive investment into new weapons systems such as the B-21 “Raider” strategic bomber/missile carrier and Columbia-class SSBN (nuclear-powered ballistic missile submarine), as well as the replacement of the heavily outdated “Minuteman 3” ICBMs (intercontinental ballistic missiles) with new LGM-35 “Sentinel” missiles. All three types are in different stages of development and are expected to be fully operational by the early 2030s. However, with the US debt projected to reach over $50 trillion in less than ten years (the best-case scenario), the viability of such a massive expansion in American military spending is highly questionable (if possible at all).

By 2027, interest payments alone are expected to surpass the Pentagon’s entire budget. What’s more, America’s ability to keep up with the technological advances of its geopolitical adversaries is also falling short, particularly in the development of hypersonic weapons, a field in which Russia has an absolute advantage, despite spending approximately 20-25 times less on its armed forces. The only way for the US to avoid bankrupting itself is to finally leave the world alone and focus on the mountain of domestic issues that keep piling up.

Source: InfoBrics

May 21, 2024 Posted by | business and costs, USA, weapons and war | Leave a comment

Blinken to Zelensky: ‘Here’s another $2 billion to get thousands more Ukraine troops killed for nothing

There is something demented in America’s foreign policy toward Ukraine. President Biden just sent his Secretary of War…make that State, Antony Blinken, all the way to Kyiv to demand Ukraine keep America’s proxy war against Russia raging in Ukraine till the eastern quarter of Ukraine becomes part of Russia, and all Ukrainian soldiers are dead.

Blinken touted how this new $2 billion will be a gift for Ukraine to buy US weapons, further enriching US arms makers while Ukraine is collapsing as a functioning state. Blinken further heralded how some of that weapons largess will be used to purchase weapons from US allies, enriching their weapons makers as well.

Besides furthering Ukraine’s ruin, Blinken essentially greenlighted Ukraine using new US weapons to attack the Russian mainland if they so wish. Such Ukraine attacks risk serious escalation that could easily spin out of control. Russia has already warned the UK that it could hit British military sites if Ukraine uses British-provided weapons to attack targets in Russia. When asked about dangerous escalation, Blinken channeled Mad Magazine’s Alfred E. Newman muttering ‘What, me worry?’

If Hollywood ever remakes the series ‘Mad Men’, it should not be about the 1950’s advertising executives of Madison Avenue. It should chronicle the 2020’s Mad Men of Pennsylvania Avenue, Biden and Blinken, leading America and the world to ruin destroying countries in Europe and the Middle East.

May 21, 2024 Posted by | Ukraine, USA, weapons and war | Leave a comment

NuScale ($SMR) Has Deceived Investors about the Certification of its Reactor.

May 16, 2024 https://iceberg-research.com/2024/05/16/nuscale-smr-has-deceived-investors-about-the-certification-of-its-reactor/

NuScale is a developer of small modular reactors (“SMR”) with no credible orders. The company has not landed a single deal since the termination of the UAMPS contract, caused by cost overruns. Without any serious customer, NuScale’s marketing now leans heavily on one claim: having the first and only SMR design certified by the US Nuclear Regulatory Commission (“NRC”).

This statement is everywhere. It features on NuScale’s website, investor presentations, and on earnings calls. Unfortunately, journalists have also echoed this story, without questioning its meaning. 

This claim is important. Certification is notoriously long and demanding in the nuclear industry, so NuScale wants investors to believe that it is ready to sell reactors now to meet AI’s rising demand for energy, while competitors are still engaged in the lengthy process. 

The problem is that this claim is grossly misleading. NuScale’s design certification was for the original 50-MWe reactor design that was obtained in 2023. The company was forced to upsize its SMR to 77-MWe after it found that the economics of the 50-MWe version didn’t work. The new 77-MWe that NuScale wants to commercialize has zero approval. NuScale has recognized that it does not plan to commercialize the old 50-MWe version anymore (Pg 5).

The regulatory process for the new reactor is more complex and lengthier than what NuScale presents:

  1. The 77-MWe reactor is not a simple update of the previous design, as increasing the power output by ~50% will cause more stress to critical components of the reactor.
  2. The company requested for a Standard Design Approval (“SDA”) and not full certification. SDA is a less rigorous step in the approval process. It does not prevent issues resolved by the design review process from being reconsidered during a rulemaking for a design certification, or during hearings associated with a construction permit, or combined license application (Source). SDA progress stands at 40% as of today with approval expected in July 2025. Then, if NuScale seeks full certification to mitigate the above mentioned regulatory uncertainty, we estimate this would take an additional two years. 

  3. NRC certified the previous 50-MWe design under the condition that three issues had to be addressed by the constructor/operator of the power plant (Pg 3 of Design Certification). These were the design of the shielding wall, containment leakage from the combustible gas monitoring system, and steam generator stability. It is quite puzzling that NuScale has never resolved these issues, despite being exactly the same ones when it got the SDA in 2020 (Pg 5 of SDA letter). 

NuScale deliberately misleads investors into believing that its current design has been certified, which is absolutely incorrect. The regulatory process in reality will take years before NuScale can commercialize its SMR, provided demand exists.

Elusive Clients 

NuScale still does not have any binding licensing contract.

  1. Standard Power

We called the Standard Power contract a pipe dream. Even some sell-side analysts found it hard to take this client seriously. This seems even more like wishful thinking now. NuScale’s 10-K reveals that Standard Power is merely a potential customer. 

  1. RoPower

In January 2023, Romanian nuclear energy firm RoPower Nuclear SA — a joint venture established by Nuclearelectrica and Nova Power & Gas — awarded a front-end engineering and design (“FEED”) work contract to NuScale to develop an SMR plant in Romania. As of now, NuScale has completed work for phase 1, but phase 2 hangs in the balance. Nuclearelectrica shareholders were expected to vote on continuing with the NuScale project at a meeting last month. However, the controlling shareholder, the Ministry of Energy, did not vote. This halted the project’s progress, and as reported in Romanian media (1, 2), the abstention meant the project’s FEED 2 study, the signing of key contracts, and the Ministry of Energy’s decision to raise the loan ceiling for the project’s financing were not approved. The Ministry of Energy later stated that these matters will be put back on the agenda but the uncertainty is starting to look like version 2 of the UAMPS debacle.

  1. Ukraine

NuScale even claims to be in talks to deploy its technology in Ukraine for ammonia production, but wishes that ‘the bombs stop falling’. The country probably has other priorities.

Fluor the long-suffering shareholder

Fluor is NuScale’s largest shareholder and invested more than $600m in the company between 2011 and 2021. However, it is no secret that Fluor wants to offload a significant chunk of NuScale. As an insider, Fluor is familiar with the regulatory struggles, and most likely expects a litany of cost overruns – all too common in this industry.

The loss of faith in NuScale began as early as twelve years ago. In 2012, David Seaton, Fluor’s CEO at the time, told analysts that the company was ‘keenly focused on bringing in additional investors’ for NuScale. Since then, Fluor has made multiple attempts to substantially get rid of NuScale, without much success, finding some relief only during the SPAC boom, which provided a once-in-a lifetime opportunity to cut bad asset exposure.

Fluor has made clear since the start of 2021 about its long-term plan to hold just 20%-25% of NuScale. This stems from a desire to stop funding NuScale’s losses and deconsolidate the company to get rid of the drag on earnings. In 2019, former CEO Carlos Hernandez told analysts that the company does not ‘expect to provide any additional funding out of Fluor for NuScale’, and added that NuScale was ‘going to affect earnings because we have to consolidate…’.

The disinvestment plan is not going well. As of 1Q23, the company told investors to expect news on strategic investment in NuScale ‘near the end of the year’. The timeline keeps shifting, to ‘end of the year or early in the new year’ in 3Q23, and then to ‘update in the first half of this year’ during the 4Q23 call held on 20 February 2024. Most recently, on the 1Q24 call, management said Fluor will ‘continue to provide updates on this front in the coming quarters of 2024’.

This lack of buyer interest is unsurprising, for a company with no orders, no certification for its new design, and dwindling cash balances. 

Cash burn update

Our estimates show that NuScale has 14-21 months of cash. We expect cash outflows of ~$118m, and liquidity to vary, depending on whether or not the company draws down on its at-the-market facility.

May 20, 2024 Posted by | spinbuster, USA | Leave a comment