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re: Westinghouse declares bankruptcy; what does this mean for nuclear power in the US?
Posted on 3/29/17 at 10:38 am to NYNolaguy1
Posted on 3/29/17 at 10:38 am to NYNolaguy1
quote:
It means they should stop using designs from almost 70 years ago and innovate. There are far safer systems of nuclear energy that have arrived on the scene that no one wants to touch because it involves the word "nuclear".
Companies who build nuclear reactors don't want to build nuclear reactors?
Did someone get a little stoned this morning?
1
Posted on 3/29/17 at 10:42 am to TheDrunkenTigah
quote:
Companies who build nuclear reactors don't want to build nuclear reactors?
In this case, no. Westinghouse (a company who once built nuclear reactors), doesn't want to build them anymore. You should be asking the question "why".
I was speaking more to the general opposition from the public, and political pressure to oppose nuclear power in general.
There's been a new wave of nuclear power designs that so far haven't been touched due to political and popular opposition to old nuclear power plants.
Molten Salt reactors for example
This post was edited on 3/29/17 at 10:59 am
Posted on 3/29/17 at 10:55 am to NYNolaguy1
quote:
We weren't able to find the page you were looking for. Try searching or go back.
I think I know what you're trying to post. Thorium?
Posted on 3/29/17 at 10:57 am to upgrayedd
Link
Molten Salt reactors, which are much more difficult to meltdown.
Molten Salt reactors, which are much more difficult to meltdown.
quote:
Transatomic Power, an MIT spinoff, is developing a nuclear reactor that it estimates will cut the overall cost of a nuclear power plant in half. It’s an updated molten-salt reactor, a type that’s highly resistant to meltdowns. Molten-salt reactors were demonstrated in the 1960s at Oak Ridge National Lab, where one test reactor ran for six years, but the technology hasn’t been used commercially.
The new reactor design, which so far exists only on paper, produces 20 times as much power for its size as Oak Ridge’s technology. That means relatively small, yet powerful, reactors could be built less expensively in factories and shipped by rail instead of being built on site like conventional ones. Transatomic also modified the original molten-salt design to allow it to run on nuclear waste.
This post was edited on 3/29/17 at 11:03 am
Posted on 3/29/17 at 11:06 am to NYNolaguy1
Yeah, that's Thorium. Apparently most of the fuel is consumed by the reaction unlike traditional nuke power so there's less waste with shorter half life. I believe it needs a plutonium kick-start to get the reaction going.
Posted on 3/29/17 at 11:39 am to GetCocky11
I didn't read the whole article just the quoted. Can't really tell if this a liquidation or a reorganization.
Is Westinghouse gonna go away as a name? Be parceled out to creditors and auctioned off in pieces/parts? Or, are they just screwing creditors and shuffling papers around?
This has been in the works for at least a year. Saw reports and notices of management/leadership changes for a long time. Toshiba has been telling investors for a long time now the nuc plant portfolio of business activities has been a tremendous drag on the overall P&L of the conglomerate.
Is Westinghouse gonna go away as a name? Be parceled out to creditors and auctioned off in pieces/parts? Or, are they just screwing creditors and shuffling papers around?
This has been in the works for at least a year. Saw reports and notices of management/leadership changes for a long time. Toshiba has been telling investors for a long time now the nuc plant portfolio of business activities has been a tremendous drag on the overall P&L of the conglomerate.
Posted on 3/29/17 at 11:44 am to LSUweights
quote:
ind of confusing when Entergy is building another plant in Montz, and I hear they are looking to build one in Lake Charles/Westlake
These facilities are not nuclear, they will be gas turbine units.
Posted on 3/29/17 at 11:50 am to NYNolaguy1
Money
This whole cost over-run at the Westinghouse plants caused the Toshiba Chairman to have to step down, after taking a $6.3Bn write-off. Nuclear is not a growth industry.
ETA: and Yes, the Shaw group had their hands all over this debacle. Shaw made a ton of money during the Clinton years off of favorable NRC rulings.
This whole cost over-run at the Westinghouse plants caused the Toshiba Chairman to have to step down, after taking a $6.3Bn write-off. Nuclear is not a growth industry.
ETA: and Yes, the Shaw group had their hands all over this debacle. Shaw made a ton of money during the Clinton years off of favorable NRC rulings.
This post was edited on 3/29/17 at 11:53 am
Posted on 3/29/17 at 12:13 pm to GetCocky11
quote:
Lake Charles, La.
There's your problem
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