About that wacky nuke investment by Francisco Illarramendi

Looks like it wasn’t such a bad idea after all. Faithful correspondent RI writes to alert us to this New York Times story:

NuScale Power, whose plan to create tiny nuclear reactors installed under water, seeks a safer, more economical design. Jose N. Reyes, the company’s chief technology officer.

By MATTHEW L. WALD

December 12, 2013, WASHINGTON — The Energy Department will give a small company in Corvallis, Ore., up to $226 million to advance the design of tiny nuclear reactors that would be installed under water, making meltdown far less likely and opening the door to markets around the world where the reactors now on the market are too big for local power grids.

The company, NuScale Power, has made substantial progress in developing “an invented-in-America, made-in-America product that will export U.S. safety standards around the world,” Peter B. Lyons, the assistant secretary for nuclear energy, said in an interview. For supplying electricity without global warming gases and for providing the United States with a new export product, the reactor had “immense global and national importance,” he said.

We remember NuScale from this wacky business. How things change.

One thought on “About that wacky nuke investment by Francisco Illarramendi

  1. Boston

    Presentation by Dr. Jose Reyes, the Chief Technology Officer and Acting VP of Regulatory Affairs, from NuScale Power. NuScale is developing a new kind of nuclear power plant, known as a Small Modular Reactor (SMR), which is safer, simpler, and less expensive to build and operate than today’s plants.

    Friday, February 21
    11:00 AM – 12:00 Noon
    MIT Room 12-122

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