Posted on 01/01/2019 8:31:26 PM PST by BenLurkin
TerraPower reached an agreement with state-owned China National Nuclear Corp in 2017 to build an experimental nuclear reactor south of Beijing. But Gates wrote in an essay published late last week that TerraPower is unlikley to follow through on its plans in the face of new U.S. restrictions on technology deals with China.
The Bellevue, Washington-based company is now unsure which country it will work with to conduct trials of its technology, which is desgined to use depleted uranium as fuel for nuclear reactors in a bid to to improve safety and costs, company officials told the Journal.
“We’re regrouping,” Chief Executive Chris Levesque told the Journal in an interview. “Maybe we can find another partner.”
…
Gates, who co-founded TerraPower, said in his essay that regulations in the United States are currently too restrictive to allow the reactor prototype to be built domestically.
(Excerpt) Read more at foxbusiness.com ...
What is wrong with the venture in the US? Sorry, the green nazis in the motherland would not allow it—forgot that.
China finds it easier to spy and rip off technology when companies set up their facilities close to Chinese spy facilities.
The boys have an easier commute, and can be home with their honeys at night.
So our own gov regulations are sending nuke tech to china.
Great.
President Trump, can you please just fire some if not most gov workers.
FUBG. I didn’t see you giving two shits about regulating our 2nd Amendment rights back in the 90’s when the Clintons were flying into Seattle every month to suck up to your money while their Justice department was going after you at the same time.
You can’t have it both ways.
Actually, the green nazis were promoting nuclear during 0bama’s reign as a measure to reach carbon goals. Unfortunately, not a single antique reactor was replaced out of the trillions wasted on so-called “stimulus”.
Between the waste under the uniparty and the wars, we are killing ourselves.
Thanks BenLurkin.
Just one word, Bill: Thorium.
https://www.iter.org
Hmm. Screwed up the linky. Again. Sigh.
From what I've read of Tokamak reactors, they're kind of an elusive unicorn. Not unlike cold fusion.
Thorium salt reactors, on the other hand, are proven and tested technology that deliver the expected and needed results, without the radioactive byproducts.
Bolsonaro took office yesterday in Brazil. Probably a good choice.
I think it’s a good move especially after I finished reading 100 year Marathon by Pillsbury, how China plans to replace America as a World power. And now the Norks are doing the same thing. Wake up America.
It reminded me of another video clip of the then director of the FAA, Lynn Helms declaring that "It will be a cold day in Hell before I let Twins fly long-haul over water routes".
Petty Federal bureaucracy dictators!
Regulations and fees:
1. The NRC is required by law to recover approximately 90% of its annual budget from the companies and people that we provide services to (e.g., applicants for NRC licenses, NRC licensees, etc). The two main laws that govern NRC’s fee recovery are called the Independent Offices Appropriation Act of 1952 (IOAA), and the Omnibus Reconciliation Act of 1990, as amended (OBRA-90).
2. Does the NRC get all of its funding from the fees that it charges?
No, we receive all of our funding from Congress. As required by law, we then collect approximately 90% of our budget from the fees that we charge over the course of the year, and that money is given back to the U.S. Treasury. This is called “cost recovery”
https://www.nrc.gov/about-nrc/regulatory/licensing/general-fee-questions.pdf
Is is cheaper and easier to develop nuclear reactors in other countries.
As China option fades, Bill Gates urges U.S. to take the lead in nuclear power, for the good of the planet
Gates acknowledged that tighter U.S. export restrictions, put in place by the Trump administration, have virtually ruled out TerraPower’s grand plan to test its traveling-wave nuclear technology in China.
“But solar and wind are intermittent, and we are unlikely to have super-cheap batteries anytime soon that would allow us to store sufficient energy for when the sun isn’t shining or the wind isn’t blowing,” he wrote. “Besides, electricity accounts for only 25 percent of all emissions. We need to solve the other 75 percent too.”
“Unfortunately, America is no longer the global leader on nuclear energy that it was 50 years ago. To regain this position, it will need to commit new funding, update regulations, and show investors that it’s serious.”
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