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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (32143)	2/18/2010 7:19:26 AM
From: axial	Respond to of 46821

Not Hyperion, but the same scale... Small Reactors Generate Big Hopes -SNIP- A new type of nuclear reactor—smaller than a rail car and one tenth the cost of a big plant—is emerging as a contender to reshape the nation's resurgent nuclear power industry. Three big utilities, Tennessee Valley Authority, First Energy Corp. and Oglethorpe Power Corp., on Wednesday signed an agreement with McDermott International Inc.'s Babcock & Wilcox subsidiary, committing to get the new reactor approved for commercial use in the U.S. Although none have agreed to buy a reactor, the utilities' commitment should help build momentum behind the technology and hasten its adoption across the industry. It's a crucial first step toward getting the reactor design certified by the Nuclear Regulatory Commission. Early support from the three utilities, and four others that are mulling the agreement, increases the odds that customers will come forward in the future. The news comes just as President Barack Obama announced more than $8 billion in loan guarantees this week that would pave the way for the first nuclear power plant in the U.S. in almost 30 years. He has proposed accelerating nuclear development by tripling the amount of federal loan guarantees for reactor construction to $54 billion. The smaller Babcock & Wilcox reactor can generate only 125 to 140 megawatts of power, about a tenth as much as a big one. But the utilities are betting that these smaller, simpler reactors can be manufactured quickly and installed at potentially dozens of existing nuclear sites or replace coal-fired plants that may become obsolete with looming emissions restrictions. online.wsj.com Jim

To: Frank A. Coluccio who wrote (32143)	2/18/2010 6:43:59 PM
From: axial	1 Recommendation Respond to of 46821

Some interesting links here, with insights into new technology: Fourth generation nuclear power may not be the clean energy silver bullet "The promise is great: cheap power without the waste problems that have still not yet been solved. Gates says we need an “energy miracle”, and fourth generation nuclear power is it. But there are also some nuclear experts who warn that the promise is a snare and a delusion." blogs.ft.com Jim