The Elements of Innovation Discovered
The Elements of Innovation Discovered
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In possibly one of the most significant years for nuclear since its advent, several nuclear energy milestones were achieved in 2022. Kicking off the year with a corollary incentive program to attract interest in this waning utility with enormous potential to provide clean, low-carbon energy, President Joe Biden signed into law the Inflation Reduction Act. This bill included a sizable aspect to benefit present and future nuclear facilities, even so much as providing a $15 per...
Fueling the furnaces that turn iron ore and scrap metal into new steel is an energy-intensive business that accounts for roughly 7% of carbon dioxide emissions globally. Two North American companies are exploring a nuclear option for decarbonizing steel needed to build the clean energy future. Under a preliminary agreement reached on May 16, Nucor is taking a closer look at the use of NuScale Power's VOYGR small modular reactors (SMR) to provide reliable zero-carbon baseload...
The U.S. Nuclear Regulatory Commission completed the final review phase of the design for NuScale Power's groundbreaking small modular reactor. This is a major milestone that provides customers with the surety that the safety aspects of the NuScale small modular reactor design has been approved by the Nuclear Regulatory Commission, which allows them to move forward with plans to develop these small nuclear plants. "This is a significant milestone not only for NuScale, but...
Global interest has begun for recent development in the renewable energy race with an unlikely contender – miniaturized nuclear reactors. This relatively new nuclear reactor design, known as a small modular reactor, or SMR, is based off already well-established nuclear technology principles, providing a new direction for companies seeking to create smaller, more strategically located mini-reactors in an increasingly competitive market. The appeal of these small and medium s...
