• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 50 mins Greta named Time Magazine "Person of the Year"
  • 3 mins americavchina.com
  • 2 mins DUMB IT DOWN-IMPEACHMENT
  • 21 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 12 mins POTUS Trump signs the HK Bill
  • 1 hour Everything you think you know about economics is WRONG!
  • 18 mins WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 1 day Iraq war and Possible Lies
  • 10 hours Winter Storms Hitting Continental US
Cautious Canadian Oil Majors Forced To Cut Spending

Cautious Canadian Oil Majors Forced To Cut Spending

Canadian oil majors continue to…

Europe Looks To Become An Electric Vehicle Battery Hub

Europe Looks To Become An Electric Vehicle Battery Hub

As electric vehicles continue to…

US to Have First Ever Commercial Small Modular Reactor by 2022

A team of engineers have begun digging and drilling holes at a site near to the banks of the Clinch River in eastern Tennessee, as they prepare for the development of a prototype plant that could become the future of nuclear power.

National Geographic said that the engineers will be taking “core samples, documenting geologic, hydrologic, and seismic conditions,” as they determine the safety of the site which will hold the world’s first ever commercial small modular nuclear reactor (SMR).

The site was once to be used to build the US’s first ever fast breeder reactor, but those plans were abandoned after it was decided that the costs were too high, and safety too uncertain. SMR’s are considered the cheapest, and safest, new nuclear technology around, and Tennessee Valley Authority, the largest publically owned utility in the US, has teamed up with Babcock & Wilcox to build two prototype SMR’s by 2022.

Related article: Regulations Scupper Buffett’s Iowa Nuclear Plans

Nuclear power plants tend to be huge and expensive, costing around $20 billion, according to Bob Rosner, a nuclear expert at the University of Chicago, and not many utilities can afford this. Supporters of the SMR believe that building a number of small reactors is more likely than one giant facility.

The first ever commercial SMR plant in the US will have a capacity of 180MW.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play