Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Rick Rule: Energy Bull | Main | National Public Radio to interview Hyperion Power »
Wednesday
Mar102010

U.S. funds new nuclear power technology

Steven Chu 11 March 2010.JPG

Steven Chu, The U.S. Energy Secretary wants the U.S. To recapture the lead in the nuclear energy industry and set the stage for a more competitive economic future as the following snippet shows:


WASHINGTON, March 10 (UPI) -- The United States needs to retake its position as the global leader in the nuclear energy sector, the U.S. energy secretary said in Washington.

U.S. Energy Secretary Steven Chu announced that Pittsburgh's Westinghouse Electric Co. and San Diego's General Atomics were selected for a $40 million effort to design and plan work for the next generation of U.S. nuclear power plants.

Chu said the investment is part of a Washington plan to build new nuclear power reactors to provide a source of clean energy.

"It's time for America to recapture the lead in the nuclear energy industry and lay the foundation for a stronger, cleaner, and more competitive economic future," he said.

The next-generation project proceeds in two phases: research and development and then a move toward the design and construction of a demonstration plant.

Chu said the project would help Washington determine the viability of the next-generation nuclear plant program. If successful, the Energy Department said, the project would demonstrate a high-temperature, gas-cooled reactor that can produce electricity and process heat.

The Energy Department said roughly 16 percent of U.S. greenhouse gas emissions come from industrial process heat applications. Steam from nuclear reactors could reduce those emissions.


All the best.

Got a comment then please add it to this article, all opinions are welcome and appreciated.


If you would like to get a bit more bang out of your your buck, then check out our Options Trading Service please click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>