The US Department of Energy is pushing a plan to shore up the ailing nuclear industry. Energy Secretary Dan Brouillette, the top brass of DOE and what loosely might be described as the nuclear energy establishment took to a webinar May 29 to explain and endorse the plan. The industry was represented by Maria Korsnick, CEO of the Nuclear Energy Institute, the dominant nuclear power trade association, and by Clarence “Bud” Albright, CEO of the smaller U.S. Nuclear Industry Council. The mechanism to bring about a nuclear revival, as proposed by Brouillette, is the creation of a $1.5-billion uranium stockpile along with associated nuclear processing facilities. Collectively, these are known as the front end of the nuclear fuel cycle. Brouillette said this was necessary both to revive the domestic industry and to protect the nuclear navy. But the DOE has undermined its own nuclear navy argument by stating that the nuclear navy is well-supplied with fuel until 2050, and more uranium in storage would do nothing for the nuclear industry which is in decline. It is the equivalent of getting a haircut to cure a stomachache.
Forbes 8th June 2020 read more »