The Economic Times - India: The global nuclear industry is going through a virtual meltdown on both sides of the Atlantic Ocean. This is happening even as India is investing heavily in nuclear energy. This collapse of atomic giants offers New Delhi a new opportunity and many in the Indian atomic establishment are silently celebrating this premature death of suitors who were wooing to put tens of atomic plants in India estimated to cost at least $150 billion.
James Conca, Geochemist: New reactor designs are pretty advanced and ready to be rolled out. Whether they’re variations on the traditional light-water reactor (NuScale), new molten salt designs (IMSR), air-cooled, liquid metal, or advanced fast-reactors that burn everything from spent fuel from old reactors to Iraqi tank armor (TerraPower; General Atomics), SMRs like the Xe-100 build on the successful experience of previous designs and the redundant safety systems developed over the last 60 years.
Rod Adams, Atomic energy expert with small nuclear plant operating and design experience. Financial, strategic, and political analyst. It’s time to move from repeated bipartisan efforts to permanently kill the FFTF, Fast Flux Test Facility, to a broad-based effort to recognize value and restore the facility that our parents built and carefully put away in case we might need it.
James Conca, Geochemist: We used to think about Peak Oil like this – the reserves are finite, we know where they are and how long they will last, and we will start running out soon. But with recent technological innovations, we keep finding new oil deposits that are now recoverable and a peak won’t happen for a century or more.
James Conca, Geochemist: Today’s energy markets are characterized by low natural gas prices, heavily subsidized renewable generation and low growth in electricity demand. American vendors also compete in the international markets for the deployment of Small Modular Reactors, SMRs, and other advanced nuclear reactor designs. Unfortunately, most countries like Russia and China directly subsidize their nation’s nuclear technologies in order to penetrate global markets.