GE, Siemens, Utilities Take Hits From Coronavirus
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U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are taking a revenue hit due to COVID-19.
Maintenance of power plant generation equipment is a major revenue source for Siemens, GE, and other equipment manufacturers. GE’s aviation unit earlier this month announced it would furlough half of the division’s engine manufacturing workers, idling thousands of staff for as much as four weeks. That announcement came a few weeks after the company said it would cut 10% of the workers in that unit, or about 2,600 jobs. The company’s aviation business is struggling as airlines worldwide reduce orders, with many airlines simply parking planes due to the global collapse in air travel.…
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Looking for a job? Here are 5 keys to think about The Denver Channel
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Canada SMR Initiative Adds New Brunswick Project
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Moltex Energy, a privately held nuclear power development company headquartered in the UK with an office in New Brunswick, Canada, has entered into a collaboration agreement with Canadian Nuclear Laboratories (CNL) to support Moltex’s nuclear fuel development program for its Stable Salt Reactor (SSR), among the latest technology advancements for small modular reactors (SMRs). The agreement is backed by CNL’s Canadian Nuclear Research Initiative (CNRI).
Moltex Energy’s SSR is a 300-MWe SMR. The company’s latest research and development supports the second and third phases of the Oxide Nuclear Waste Reduction Demonstration (ONWARD) project, which explores the commercial viability of the Waste To Stable Salts (WATSS) technology to convert used CANDU (CANadian Deuterium Uranium) fuel into new fuel, enabling production of clean energy from an SSR. The first phase of the program is ongoing. CNL is the developer of the CANDU process, featuring a pressurized heavy water reactor (PWR).…
Need a Job ASAP? 10 Things to Do Right Now – The Motley Fool
Need a Job ASAP? 10 Things to Do Right Now The Motley Fool
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Nuclear Fuel Working Group Outlines How U.S. Could Regain Global Leadership
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The U.S. will attempt to regain its international standing as a world leader in nuclear energy through a three-pronged strategy that will essentially seek to strengthen the full domestic nuclear fuel cycle, possibly deny imports of nuclear fuel fabricated in Russia or China, and promote advanced reactor technologies.
The strategy is outlined in the White House’s Nuclear Fuel Working Group’s (NFWG’s) long-awaited findings released on April 23 in its report, “Restoring America’s Competitive Nuclear Advantage: A Strategy to Assure U.S. National Security.” President Trump convened the group, which includes representatives from various executive branch agencies, in July 2019 after the Department of Commerce in May 2019 found that uranium imports posed a threat to national security. The NFWG was tasked with examining domestic nuclear fuel production and options to revive the entire nuclear fuel supply chain.
Strong Emphasis on the Front-End of the Nuclear Cycle
The NFWG report, which Energy Secretary Dan Brouillette described as a “roadmap” in a call with reporters on Thursday, sets out three key priorities.…