August Nuclear News Update
Month after month, the nuclear sector continues to demonstrate its importance and relevance. August 2023 was no exception! As a company working in the nuclear power industry weekly, this is always exciting for us to see. This month's update touches on the progress in nuclear energy, regulatory changes, and significant investments that hold promises for the future.
Duke Energy's Commitment to Carbon Neutrality
In a recent move, Duke Energy Carolinas and Duke Energy Progress have put forth a plan to extend the lifespan of their existing nuclear power plants and construct two new small modular reactors (SMRs) by 2035. Their overarching vision is to attain carbon neutrality across North and South Carolina by 2050.
Their comprehensive Integrated Resource Plan, submitted to the Public Service Commission of South Carolina, primarily highlights "Portfolio 3", which encourages a diverse mix of energy solutions.
This mix includes nuclear energy, hydrogen-compatible natural gas, renewables, and energy storage solutions.
The company's strategy solidly places its 11 nuclear reactors, spread across six stations, as foundational to their carbon reduction goals.
With these reactors' licenses up for renewal starting from the 2030s, timely renewals are on the agenda. A conclusive decision on the proposal is slated for 2024.
Pioneering Fusion Energy Research
The Department of Energy’s Office of Science has sanctioned a remarkable $112 million towards 12 transformative projects in fusion energy research. Envisioned to synergize the expertise of fusion scientists, applied mathematicians, and computer science mavens, the initiatives will leverage state-of-the-art computing to address complex fusion energy obstacles.
These fusion projects, backed by the Scientific Discovery through Advanced Computing (SciDAC) awards, will probe deep into plasma dynamics, materials science, facility modeling, and the establishment of computational blueprints for fusion energy.
Jean Paul Allain, associate director of science for Fusion Energy Sciences (FES), accentuated the project's collaborative ethos. He believes this multidisciplinary approach will enhance our understanding of fusion energy, with simulations offering crucial insights into plasma behaviors under extreme conditions.
The initial allocation will support projects for a duration of up to four years, with $28.15 million reserved for 2023. However, future funding allocations hinge on subsequent congressional decisions.
The team comprises principal researchers from a mix of national labs, universities, and private sector entities, including General Atomics, MIT, Oak Ridge National Laboratory, Princeton University, and University of California campuses in Los Angeles and San Diego.
Ceren Susut of the DOE underscored the SciDAC program's longstanding commitment to advancing fusion and plasma sciences, anticipating that these awards will not only build on prior research but also exploit software tools from the ASCR Exascale Computing Project.
New Regulatory Directions for Advanced Reactors
In a promising development, the US Nuclear Regulatory Commission (NRC) has announced its plans to roll out a final rule tailored for the emergency preparedness requirements of small modular reactors (SMRs) and other nascent nuclear technologies. This aims to bridge the gap between the regulatory needs of emerging reactors and older, established large light-water reactors (LWRs).
The regulation will introduce "risk-informed, performance-based" emergency preparedness provisions for a spectrum of reactors and facilities, revamping the emergency planning processes for future reactors.
Emphasizing the rule's significance, NRC chairman, Christopher Hanson, stated that this would streamline the NRC's efficiency in reviewing and licensing new-age reactors. Adam Stein of the pro-nuclear research center, The Breakthrough Institute, championed these regulatory shifts, underlining the safety enhancements of contemporary reactor designs.
Details of the rule are expected in the Federal Register later this year, laying out the relevance of modern designs and research to the future of SMRs and other novel technologies.
These regulatory revisions are ushering in an exciting epoch in nuclear technology, ensuring that modern innovations are backed by a supportive and optimized regulatory framework.
Be sure to stay tuned for our next Nuclear News Roundup in September for all of the most exciting developments in the nuclear industry!