Jennifer Hiller, Daniel Michaels, and Kim Mackrael of The Wall Street Journal report on the West’s reliance on Russian fuel to power its nuclear comeback. “A gaping hole in the plan: The West doesn’t have enough nuclear fuel—and lacks the capacity to swiftly ramp up production. Even more vexing, the biggest source of critical ingredients...
"If the purpose of ERISA is to protect retirement savings, both sides of the aisle should focus on the duties of loyalty and prudence owed to beneficiaries and plan participants, and less on an Administration’s policy agenda. Ironically, this is what ERISA was originally intended to protect against."
Jae-Fu Kim of The Korea Economic Daily reports that NuScale is in talks to build a small modular reactor (SMR) plant in South Korea. “The NuScale Power Module is built based on pressurized water-cooled reactor technology and can supply power for electrical generation, district heating, desalination, commercial hydrogen production and other process heat applications, according...
Alaina Mencinger and Dan McKay of the Albuquerque Journal report on a spent nuclear fuel storage facility in New Mexico. “The license would allow the Florida-headquartered company to receive, possess, transfer and store 500 canisters of spent nuclear fuel — a total of 8,680 metric tons of spent fuel — for 40 years. Holtec plans...
"The Department of Energy yesterday announced the awarding of $22.1 million to 10 industry-led nuclear projects, including two aimed at expanding clean hydrogen production and one at advancing a microreactor design. Other projects selected for funding are focused on addressing nuclear regulatory hurdles, improving existing reactor operation, and facilitating new advanced reactor developments."
"The startup has pilot projects planned with NW Natural — Oregon’s largest natural gas utility — and another utility that Pan couldn’t name, but his hints suggest it’s NextEra Energy. Modern Hydrogen plans to ship its demo reactors, which will be the size of half a shipping container, to the utilities by the third-quarter of this year."
"The problem is, natural gas bans are unlikely to work that way, and in the meantime, they restrict consumer choices and jeopardize the innovation that has led the U.S. to cleaner, safer technologies. Prioritizing climate change considerations over all else will serve only to stop consumers from using the type of energy that works best for their situations."
"The proposed tie-up would be by far the biggest U.S. energy deal announced so far this year. Some analysts have said the U.S. oil-and-gas sector is ripe for major corporate transactions this year, after energy prices surged last year and left companies with a large windfall of cash. In Oneok’s case, much of the cash portion would be financed through a debt offering, it said."
Technology is empowering consumers to make their own choices to reduce their carbon footprint.
"The bill is on its way to the Senate. If it passes and is eventually signed into law by President Joe Biden, the FCC will have 15 months to investigate and present a plan to Congress with ways to improve satellite technology and enable greater access for farmers."
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