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
« Warning over ‘risky and expensive’ Hinkley Point nuclear project | Main | Spot Uranium Prices Stuck Below $20 Per Pound »

A reactor in Idaho could change the future of nuclear energy — if it survives Trump’s budget

The future of the nuclear energy in the United States may well run through rural Idaho, where the federal Energy Department, a nuclear technology company and a power utility are collaborating on a power plant that nuclear advocates hope will boost the industry’s flagging fortunes.

While the rest of the industry has struggled — with old plants shuttering and the first new reactors built in decades labor through massive delays and cost overruns — advocates are promising the Idaho project will be different. There, the companies and federal government are collaborating on what’s known as a small “modular” nuclear reactor. Unlike their larger relatives, modular reactors are to be factory-built, eliminating the safety and installation issues that often bloat construction costs, and they come with fewer nuclear waste concerns. Much smaller than the behemoths of midcentury, installers can adjust them to fill different electricity needs. Some could be small enough to power a single manufacturing facility. Advocates say small modular reactors will be safer, cheaper and more nimble than the older reactors utilities are fighting to preserve.

But the still-nascent technology faces a threat: President Trump’s budget would not renew the expiring grant that the Energy Department is using to help fund the project as it goes through a lengthy and expensive development phase. So far NuScale, the technology company after which the project is named, has spent more than $400 million designing its reactor and still has about $600 million more spend through the final push. But even if everything proceeds on schedule, the plant won’t produce any power or draw any revenue until 2025.

read more.....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.





Winners of the GoldDrivers Stock Picking Competition 2007 



 Follow us on TWITTER @goldprices



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):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>