Nuclear Fission and Small Modular Reactors (SMRs) News and Discussions

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wjfox wrote: Sun Feb 12, 2023 10:19 am
The time to invest in nuclear fission reactors was the 2000's when it would have been a perfect bridge technology to take us through to the middle of the century when renewables fully take over. The cost vs renewables is now too high for it to be considered a worthwhile investment along with long construction times to actually bring nuclear power onto the grid. Much better to invest in renewable storage capacities
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Nuclear is flatlining

Dr Jim Green
| 1st March 2023

There is no clear future for nuclear.

Nuclear power remains stagnant and only an acceleration of China’s nuclear program will save the industry from a global death spiral.

The nuclear industry experience last year was the same as almost every other for the past 30 years: a small number of reactor start-ups and a small number of closures.

Meanwhile, the growth of renewables is being turbocharged as countries seek to strengthen energy security.

https://theecologist.org/2023/mar/01/nuclear-flatlining
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Germany shuts down its last nuclear power stations

20 hours ago

Germany is about to shut down its last three nuclear reactors. For the country's Green Party, it's a long-held dream come true. Meanwhile in Asia, nuclear power is experiencing a renaissance, despite Fukushima.

At the end of March, Germany's Environment Minister Steffi Lemke of the Green Party used just a few words to put an end to the dispute that has kept the country in suspense for years: "The risks of nuclear power are ultimately uncontrollable; that's why the nuclear phase-out makes our country safer, and avoids more nuclear waste."

Last year, the government found itself once again caught up in a dispute over nuclear power. In their coalition agreement, the governing SPD, Greens, and the FDP had agreed to stick to Germany's nuclear phase-out, which was decided under Chancellor Angela Merkel in 2011. Accordingly, the last nuclear power plants were to close at the end of 2022.

But Russia's invasion of Ukraine changed everything, because Russian gas supplies to Germany stopped and the government feared an energy shortage. Chancellor Olaf Scholz finally decided to extend the operating period of the power stations until April 15, 2023.

https://www.dw.com/en/germany-shuts-dow ... a-65249019
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Europe's most powerful nuclear reactor kicks off in Finland
Source: AP

By JARI TANNER today

HELSINKI (AP) — Finland’s much-delayed and costly new nuclear reactor, Europe’s most powerful by production capacity, has completed a test phase lasting more than a year and started regular output, boosting the Nordic country’s electricity self-sufficiency significantly.

The Olkiluoto 3 reactor, which has 1,600-megawatt capacity, was connected into the Finnish national power grid in March 2022 and kicked off regular production on Sunday. Operator Teollisuuden Voima, or TVO, tweeted that “Olkiluoto 3 is now ready” after a delay of 14 years from the original plan.

It will help Finland to achieve its carbon neutrality targets and increase energy security at a time when European countries have cut oil, gas and other power supplies from Russia, Finland’s neighbor.

“The production of Olkiluoto 3 stabilizes the price of electricity and plays an important role in the Finnish green transition,” TVO President and CEO Jarmo Tanhua said in a statement. The company added that “the electricity production volume of Europe’s largest nuclear power plant unit is a significant addition to clean, domestic production.”



Read more: https://apnews.com/article/finland-ener ... e1b1130917
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Pension funds shun Sizewell C in major blow to Britain’s nuclear ambitions

22 April 2023 • 7:00pm

The Government’s push to find investors for the £20bn Sizewell C nuclear power station has suffered a significant blow as Britain’s biggest fund managers have snubbed the scheme.

Jeremy Hunt, the Chancellor, sought to make the project more attractive to green-focused asset managers in his Spring Budget by proposing to give it “sustainable” status under UK financing rules.

Ministers have also reformed the funding model for nuclear plants to hand investors more up-front rewards.

But senior sources in the asset management industry and two of the country’s biggest fund managers have dismissed the changes as irrelevant and insisted it would not persuade them to back Sizewell C.

Nuclear power is seen as vital to Britain’s energy security in the wake of the Ukraine war, with ministers calling for it to generate 25pc of the country’s electricity needs by 2050.

But despite introducing new funding models and classifying it as “green” to attract investors, the Government has struggled to persuade sceptical pension funds and asset managers to get behind Sizewell C.

https://www.telegraph.co.uk/business/20 ... izewell-c/
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