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Comment Business & Economics

DOE: $40 million to develop next-generation nuclear plant

By Posted by Gerald Ondrey |

 U.S. Secretary of Energy Steven Chu today announced selections for the award of approximately $40 million in total to two teams led by Pittsburgh-based Westinghouse Electric Co. and San Diego-based General Atomics for conceptual design and planning work for the Next Generation Nuclear Plant (NGNP). The results of this work will help the Administration determine whether to proceed with detailed efforts toward construction and demonstration of the NGNP. If successful, the NGNP Demonstration Project will demonstrate high-temperature gas-cooled reactor technology that will be capable of producing electricity as well as process heat for industrial applications and will be configured for low technical and safety risk with highly reliable operations. Final cost-shared awards are subject to the negotiation of acceptable terms and conditions. About 16% of the U.S.’s greenhouse gas emissions come from industrial process heat applications. The process heat or steam generated by the high-temperature nuclear reactors could be used for highly-efficient electricity co-generation, which has the potential to help energy-intensive industries, such as petrochemical producers, reduce carbon dioxide emissions.   “This investment…
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