Credit: Shutterstock photoBy SA Editor Michelle Carini :
Welcome to the latest edition of the Energy Recap. This week, the U.S. Department of Energy announced that 13 projects will receive $60 million in federal funding for cost-shared research and development for advanced nuclear technologies.
One of these projects is the "Phase 1 NuScale Small Modular Reactor FOAK Nuclear Demonstration Readiness Project ... [which will] conduct design finalization activities and ensure supply chain readiness to meet a commercial operation date of 2026 for the first NuScale plant." Small modular reactors are seen as one way to revive the struggling nuclear power industry, as they "offer many advantages, such as relatively small size, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions. SMRs also offer distinct safeguards, security and nonproliferation advantages." Back in January, these SMRs saw some positive news as the U.S. Nuclear Regulatory Commission "signed off on a key aspect of a new modular nuclear reactor being designed by NuScale Power." This investment in SMRs could prove to be a boon to the overall nuclear energy industry going forward.
So, what's your take on these SMRs? Do you think they will have a significant impact on the nuclear industry in the future? Please leave us your thoughts in the comments section below.
Energy Articles of Note
" Ensco: Discussing April 2018 Fleet Status Report " By Vladimir Zernov
" Chesapeake Energy: Blind Faith In The Future " By Long Player
" Construct Your Oil Portfolio: The Capital Appreciation Version " By Laurentian Research
Energy Sector Bankruptcies for the Week Ended April 27, 2018
Here's a list of the most recent bankruptcy announcements in the energy sector:
- None.
Feel free to add any that we might have missed in the comments section below.
U.S. Oil Rig Count
As per Baker Hughes , the number of active U.S. oil drilling rigs increased this week.
Weekly Natural Gas Storage Report and Summary
Natural Gas Rig Count
Oil Production
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
