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U.S. Department of Energy Announces $ 52 Million for Small Business Research and Development Grants—Including $ 3.4 Million for Hydrogen and Fuel Cell Projects https://www.energy.gov/eere/fuelcells/articles/us-department-energy-announces-52-million-small-business-research-and
Energy Central…
While the stream of new clean hydrogen project announcements continues unabated, moving these projects to implementation phase has been a challenge amid supply chain and local permitting delays as well as the need for additional clarity around regulation and taxation. Nevertheless, a very small amount of capacity has come to fruition recently and the front end of the supply wave is..
Energy Central…
The cost of building the nation’s first small modular reactor (SMR) is rapidly escalating due to the impact of as yet uncontrolled inflation in key commodity areas. According to a set of talking points prepared on January 3, 2023, by the Carbon Free Power Project (CFPP) there are new details about these costs. The new cost numbers come in tandem with the completion..
Energy Central…
WHY ATTEND: According to NREL, small businesses consume 44% of commercial building energy use. Yet fewer than 5% have engaged with their utility’s energy efficiency programs. To accelerate progress toward ever more aggressive carbon reduction goals, forward thinking utilities are taking a fresh look at how to better attract participation from this large and underserved..
Energy Central…
The post Small Modular Reactors Gain Momentum in Europe appeared first on POWER Magazine.
GE Hitachi Nuclear Energy (GEH) and NuScale Power, two leading companies in the race to build small modular reactors (SMRs) for power generation, have recently announced deals that could result to new plants being constructed in Europe.
GEH on Oct. 3 said it had signed an agreement with Fermi Energia OÜ, an Estonia-based company established by nuclear industry professionals to support the development of SMRs. The two companies will collaborate on potential deployment applications for GEH’s BWRX-300 SMR design. GEH said the companies will examine the economic feasibility of constructing a BWRX-300 in Estonia, review siting requirements, and assess nuclear regulatory requirements.
The BWRX-300 is a 300-MWe water-cooled, natural circulation SMR with passive safety systems. According to GEH, the BWRX-300 leverages the design and licensing basis of the U.S. Nuclear Regulatory Commission (NRC)-certified Economic Simplified Boiling Water Reactor (ESBWR), which is a 1,520-MWe Generation III+ unit (Figure 1).…
State-imposed standards and financial incentives such as those used to spur widespread adoption of renewables technologies offer a promising model to address challenges to commercialize small modular reactors (SMRs), says a report by the U.S. Department of Energy’s (DOE’s) Office of Nuclear Energy.
But to make a meaningful impact, nearly $ 10 billion in incentives will be needed to deploy 6 GW of SMR capacity by 2025, it acknowledges.
The report, “Examination of Federal Assistance in the Renewable Energy Market,” was prepared by Kutak Rock and Scully Capital under contract with the DOE and made public on November 15. It notes that while uncertainty attached to the rapidly evolving market environment is shadowing long-term investment decisions at electric utilities in the U.S, current trends in the power sector present an opportunity for SMR development “as a flexible, carbon-free baseload generation resource which can be built on a smaller scale than traditional nuclear plants.” However, efforts to commercialize SMR technologies have lagged owing to several challenges.…