$40 million for Next Generation Nuclear Plant

subscribe

U.S. Secretary of Energy Steven Chu announced selections for the award of approximately $40 million in total to two teams led by Pittsburgh-based Westinghouse Electric Co. and San Diego-based General Atomics for conceptual design and planning work for the Next Generation Nuclear Plant (NGNP).

The results of this work will help the Administration determine whether to proceed with detailed efforts toward construction and demonstration of the NGNP. If successful, the NGNP Demonstration Project will demonstrate high-temperature gas-cooled reactor technology that will be capable of producing electricity as well as process heat for industrial applications and will be configured for low technical and safety risk with highly reliable operations. Final cost-shared awards are subject to the negotiation of acceptable terms and conditions.

About 16 percent of the nation's greenhouse gas emissions come from industrial process heat applications. The process heat or steam generated by the high-temperature nuclear reactors could be used for highly-efficient electricity co-generation, which has the potential to help energy-intensive industries, such as petrochemical producers, reduce carbon dioxide emissions.

"This investment reflects President Obama's commitment to building the next generation of nuclear reactors that will create thousands of jobs and supply the clean energy to power our economy," said Secretary Chu. "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."

The NGNP project is being conducted in two phases. Phase 1 comprises research and development, conceptual design and development of licensing requirements. The selections will support the development of conceptual designs, cost and schedule estimates for demonstration project completion and a business plan for integrating Phase 2 activities. The Department of Energy will use information from its independent Federal advisory committee, the Nuclear Energy Advisory Committee, information and data gathered in Phase 1, and other factors in determining whether the project should continue to Phase 2.

Phase 2 would entail detailed design, license review and construction of a demonstration plant.

The Department will now negotiate the final terms and conditions for the awards with the intention of completing conceptual designs by August 31.

Related News

ontario rate relief

Ontario Extends Off-Peak Electricity Rates to Provide Relief for Families, Small Businesses and Farms

TORONTO - The Ontario government is once again extending electricity rate relief for families, small businesses and farms to support those spending more time at home while the province maintains the Stay-at-Home Order in the majority of public health regions. The government will continue to hold electricity prices to the off-peak rate of 8.5 cents per kilowatt-hour until February 22, 2021. This lower rate is available 24 hours per day, seven days a week for Time-Of-Use and tiered customers.

"We know staying at home means using more electricity during the day when electricity prices are higher, that's why we are once…

READ MORE
uk wind power

Biggest offshore windfarm to start UK supply this week

READ MORE

biden-imposes-higher-tariffs

Biden Imposes Higher Tariffs on Chinese Electric Cars and Solar Cells

READ MORE

ieso

New Electricity Auctions Will Drive Down Costs for Ontario's Consumers

READ MORE

NuScale Power

US NRC issues final safety evaluation for NuScale SMR

READ MORE