NUCLEAR ENERGY SOLUTIONS INC. (NESI)
As we enter the decade of the 2020s few subjects are as controversial as nuclear energy. With respect to climate change, nuclear energy adherents claim that the only solution to reversing climate change and addressing increasing energy needs is to build 10,000-12,000 new reactors; detractors say that the proliferation of nuclear reactors could have dire consequences due to more accidents, natural disaster events, and/or hostile actions targeting nuclear reactors.
In the U.S., currently over half of all non-fossil fuel energy is produced by nuclear reactors. Internationally, Russia is building nuclear power plants in countries the U.S. considers as allies, such as Egypt, India, and Turkey, while China has agreed to build a nuclear power plant in the U.K. Moreover, after decades of decline, it seems that the arms race including nuclear weapons is heating up, only this time there could be more players involved than just Russia and the U.S.
While some other countries are increasing the number of nuclear power plants on their soil, the number of reactors in the U.S. is actually diminishing. A significant number of U.S. power plants are closing, largely for economic reasons, since they are having difficulties competing with the current and projected price of fossil fuels, such as natural gas.
This has led to a paradigm shift in the industry, as current owners of closing nuclear facilities transfer their plants to decommissioning companies which are part of a burgeoning $100Billion+ industry. There is concern by some that the new decommissioning entities are attracted by the myth that they can keep whatever Trust Fund proceeds remain after the clean-up of the site.
There is also the issue of ever-growing nuclear waste. Originally, there was to be a national nuclear waste repository which for many years was thought to be at Yucca Mountain, Nevada. However Yucca has yet to be approved, and chances for imminent selection of any other site seem remote. There are now proposals for interim storage facilities in New Mexico and Texas, which, if approved, could be functional in the 2020s. Many nuclear plants which are closing are situated in the Northeastern U.S., and the transportation of large amounts of nuclear waste across the country to the proposed interim storage facilities could prove challenging, so it is conjectural as to whether it is safer to leave the nuclear waste on site indefinitely or move it across the U.S.
There are many other areas which are also in the nuclear energy spectrum, including cutting-edge technology, such as the emerging, versatile, next generation smaller modular reactors.
NESI provides consulting services to companies, governments, NGOs, and other interested parties desiring to have their particular situation studied and analyzed, with possible solutions proposed. NESI can also represent parties at hearings or other forums.
NESI is a partner in an internet information TV channel dealing with the broad spectrum of the nuclear industry; the channel can be accessed at www.nuclearenergytv.com.