London, United Kingdom
London, United Kingdom

The World Nuclear Association is the international organization that promotes nuclear power and supports the many companies that comprise the global nuclear industry. Its members come from all parts of the nuclear fuel cycle, including uranium mining, uranium conversion, uranium enrichment, nuclear fuel fabrication, plant manufacture, transport, and the disposition of used nuclear fuel as well as electricity generation itself.Together, WNA members are responsible for 95% of the world's nuclear power outside the U.S. as well as the vast majority of world uranium, conversion and enrichment production.The WNA says it aims to fulfill a dual role for its members: Facilitating their interaction on technical, commercial and policy matters and promoting wider public understanding of nuclear technology.The WNA was founded in 2001 on the basis of the Uranium Institute, itself founded in 1975. Wikipedia.


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News Article | May 11, 2017
Site: globenewswire.com

CENTENNIAL, Colo., May 11, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI), an energy metals exploration and development company, announced today its results for the first quarter of fiscal year 2017, and also discussed its business outlook and its energy metals business development in 2017. Christopher M. Jones, President and Chief Executive Officer, said, “Improvements in our working capital to a positive $11.4 million at March 31, elimination of all outstanding debt and closing the business transaction with Laramide Resources have put us in a position of strength as we start 2017.  At the same time, we have been able, once again, to reduce G&A costs.  Coupled with favorable geophysical results on our Columbus Basin Project in Nevada, we can now pull forward our lithium exploration efforts, with drilling now scheduled to start in Q3.” Business Highlights for 1Q-2017 and to Date The primary use for lithium is a key ingredient in rechargeable batteries for electronic devices and electric vehicles.  Lithium ion batteries, as they are known, have been adopted as the standard method of powering electronic devices such as smart phones and small, portable computers for some time, but it is the transportation market that is expected to drive growth for the next decade.  Growth in consumption of lithium is expected to average over 6% annually between now and 2025, according to CRU International Limited, with the transportation sector accounting for much of this growth.  This major component is expected to rise from 20% to 39% of total demand over the next seven years. At the same time, lithium prices have risen in response to increased demand.  Lithium Carbonate (“LCE”) is one form of lithium used for battery manufacturing, and prices have risen from $5,792 per metric ton in 2015 to $7,300 per metric ton in just over a year.  Lithium Hydroxide, a second form of the material, prices have risen from $6,974 per metric ton to over $23,000 per metric ton during the same period. URI’s new business targets production of lithium carbonate from lithium salts brines.  This is typically the lowest cost type of processing.   While the technologies are well known in some respects, it takes time for deposits to be discovered and developed, which should result in a supply deficit over the next few years.  We believe that expected higher prices should encourage investment in the sector and bring new sources of production online over time.  CRU International Limited expects long term lithium prices to stabilize at approximately $6,400 per metric ton and $9,400 per metric ton for lithium carbonate and lithium hydroxide, respectively.  These are considerably higher than the historic prices for these products. URI is targeting exploration and development of lithium brines because they are characteristically in the lowest operating cost quartile of production, and would be more likely to be profitable in the markets described above. The significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the World Nuclear Association (“WNA”), as of January 2017, there were 406 nuclear reactors operable worldwide with annual requirements of about 138 million pounds of uranium, excluding Japan and its 41 operable but idled reactors. Thirty countries including Japan utilized nuclear power in 2016. In addition, world-wide the WNA lists 60 reactors under construction, 164 being planned and 347 being proposed. While global nuclear power generation is expected to increase driving demand through 2030, especially in China, Russia, India and South Korea, UxC Consulting projects continued oversupply and low uncovered demand over the near-to-medium term due to higher inventory levels at utilities. During 2016, term contracting was weak and focused on shorter period mid-term contracts. This restrained the spot market as discretionary buying was also weak. UxC projects that global nuclear power generation will expand to 518 reactors in 36 countries by 2030. Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2016 report at 160 million pounds of U3O8. This is compared with 158 million pounds of primary supply in 2015. Total supply in 2016, including secondary supplies, is expected to total 206 million pounds. Secondary supplies are derived from sales from governments, including the US government, enricher services and commercial inventories. During the first quarter of 2017, the average weekly spot price of uranium was $23.96 per pound compared with $32.77 in 2016. During Q1 2017, the weekly spot price of uranium reached a high of $26.50 in February and a low of $20.25 in January. The quarter-end spot price was $24.50. As of May 8, 2017, the weekly spot price was $22.50 per pound. Some analysts project that uranium prices may have bottomed and expect gradually recovering uranium prices from a supply deficit as uranium market fundamentals for supply and demand improve over time.  Secondary supply inventories continue to weigh on the uranium market in the near term but are expected to reduce from depleted government inventories and a rebalancing of the enrichment sector, according to UxC. Demand for uranium is expected to improve from an increase of nuclear power generation in China and other countries. The Company’s current cash is expected to fund critical operations through year-end 2017 and into the first quarter of 2018.  As an exploration and development company with no current production, the Company expects to obtain additional capital market financing, including the possible further sale of non-core assets, to fund its lithium exploration program and to operate the Company through 2018. The Company’s goals for the remainder of 2017 are as follows: URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position of over 27,000 acres in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results, future demand for and price of uranium and lithium, and the Company’s liquidity are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) estimated or expected net cash used in operations, mineral property expenses, general and administrative expenses, net loss, and cash and working capital positions for the twelve months ended December 31, 2017, (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of uranium and lithium; (d) risks associated with our foreign operations, (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (g) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, (l) the ability of the Company to negotiate an extension on the Cebolleta lease and (m) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.


News Article | May 11, 2017
Site: globenewswire.com

CENTENNIAL, Colo., May 11, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI), an energy metals exploration and development company, announced today its results for the first quarter of fiscal year 2017, and also discussed its business outlook and its energy metals business development in 2017. Christopher M. Jones, President and Chief Executive Officer, said, “Improvements in our working capital to a positive $11.4 million at March 31, elimination of all outstanding debt and closing the business transaction with Laramide Resources have put us in a position of strength as we start 2017.  At the same time, we have been able, once again, to reduce G&A costs.  Coupled with favorable geophysical results on our Columbus Basin Project in Nevada, we can now pull forward our lithium exploration efforts, with drilling now scheduled to start in Q3.” Business Highlights for 1Q-2017 and to Date The primary use for lithium is a key ingredient in rechargeable batteries for electronic devices and electric vehicles.  Lithium ion batteries, as they are known, have been adopted as the standard method of powering electronic devices such as smart phones and small, portable computers for some time, but it is the transportation market that is expected to drive growth for the next decade.  Growth in consumption of lithium is expected to average over 6% annually between now and 2025, according to CRU International Limited, with the transportation sector accounting for much of this growth.  This major component is expected to rise from 20% to 39% of total demand over the next seven years. At the same time, lithium prices have risen in response to increased demand.  Lithium Carbonate (“LCE”) is one form of lithium used for battery manufacturing, and prices have risen from $5,792 per metric ton in 2015 to $7,300 per metric ton in just over a year.  Lithium Hydroxide, a second form of the material, prices have risen from $6,974 per metric ton to over $23,000 per metric ton during the same period. URI’s new business targets production of lithium carbonate from lithium salts brines.  This is typically the lowest cost type of processing.   While the technologies are well known in some respects, it takes time for deposits to be discovered and developed, which should result in a supply deficit over the next few years.  We believe that expected higher prices should encourage investment in the sector and bring new sources of production online over time.  CRU International Limited expects long term lithium prices to stabilize at approximately $6,400 per metric ton and $9,400 per metric ton for lithium carbonate and lithium hydroxide, respectively.  These are considerably higher than the historic prices for these products. URI is targeting exploration and development of lithium brines because they are characteristically in the lowest operating cost quartile of production, and would be more likely to be profitable in the markets described above. The significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the World Nuclear Association (“WNA”), as of January 2017, there were 406 nuclear reactors operable worldwide with annual requirements of about 138 million pounds of uranium, excluding Japan and its 41 operable but idled reactors. Thirty countries including Japan utilized nuclear power in 2016. In addition, world-wide the WNA lists 60 reactors under construction, 164 being planned and 347 being proposed. While global nuclear power generation is expected to increase driving demand through 2030, especially in China, Russia, India and South Korea, UxC Consulting projects continued oversupply and low uncovered demand over the near-to-medium term due to higher inventory levels at utilities. During 2016, term contracting was weak and focused on shorter period mid-term contracts. This restrained the spot market as discretionary buying was also weak. UxC projects that global nuclear power generation will expand to 518 reactors in 36 countries by 2030. Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2016 report at 160 million pounds of U3O8. This is compared with 158 million pounds of primary supply in 2015. Total supply in 2016, including secondary supplies, is expected to total 206 million pounds. Secondary supplies are derived from sales from governments, including the US government, enricher services and commercial inventories. During the first quarter of 2017, the average weekly spot price of uranium was $23.96 per pound compared with $32.77 in 2016. During Q1 2017, the weekly spot price of uranium reached a high of $26.50 in February and a low of $20.25 in January. The quarter-end spot price was $24.50. As of May 8, 2017, the weekly spot price was $22.50 per pound. Some analysts project that uranium prices may have bottomed and expect gradually recovering uranium prices from a supply deficit as uranium market fundamentals for supply and demand improve over time.  Secondary supply inventories continue to weigh on the uranium market in the near term but are expected to reduce from depleted government inventories and a rebalancing of the enrichment sector, according to UxC. Demand for uranium is expected to improve from an increase of nuclear power generation in China and other countries. The Company’s current cash is expected to fund critical operations through year-end 2017 and into the first quarter of 2018.  As an exploration and development company with no current production, the Company expects to obtain additional capital market financing, including the possible further sale of non-core assets, to fund its lithium exploration program and to operate the Company through 2018. The Company’s goals for the remainder of 2017 are as follows: URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position of over 27,000 acres in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results, future demand for and price of uranium and lithium, and the Company’s liquidity are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) estimated or expected net cash used in operations, mineral property expenses, general and administrative expenses, net loss, and cash and working capital positions for the twelve months ended December 31, 2017, (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of uranium and lithium; (d) risks associated with our foreign operations, (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (g) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, (l) the ability of the Company to negotiate an extension on the Cebolleta lease and (m) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.


News Article | May 11, 2017
Site: globenewswire.com

CENTENNIAL, Colo., May 11, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI), an energy metals exploration and development company, announced today its results for the first quarter of fiscal year 2017, and also discussed its business outlook and its energy metals business development in 2017. Christopher M. Jones, President and Chief Executive Officer, said, “Improvements in our working capital to a positive $11.4 million at March 31, elimination of all outstanding debt and closing the business transaction with Laramide Resources have put us in a position of strength as we start 2017.  At the same time, we have been able, once again, to reduce G&A costs.  Coupled with favorable geophysical results on our Columbus Basin Project in Nevada, we can now pull forward our lithium exploration efforts, with drilling now scheduled to start in Q3.” Business Highlights for 1Q-2017 and to Date The primary use for lithium is a key ingredient in rechargeable batteries for electronic devices and electric vehicles.  Lithium ion batteries, as they are known, have been adopted as the standard method of powering electronic devices such as smart phones and small, portable computers for some time, but it is the transportation market that is expected to drive growth for the next decade.  Growth in consumption of lithium is expected to average over 6% annually between now and 2025, according to CRU International Limited, with the transportation sector accounting for much of this growth.  This major component is expected to rise from 20% to 39% of total demand over the next seven years. At the same time, lithium prices have risen in response to increased demand.  Lithium Carbonate (“LCE”) is one form of lithium used for battery manufacturing, and prices have risen from $5,792 per metric ton in 2015 to $7,300 per metric ton in just over a year.  Lithium Hydroxide, a second form of the material, prices have risen from $6,974 per metric ton to over $23,000 per metric ton during the same period. URI’s new business targets production of lithium carbonate from lithium salts brines.  This is typically the lowest cost type of processing.   While the technologies are well known in some respects, it takes time for deposits to be discovered and developed, which should result in a supply deficit over the next few years.  We believe that expected higher prices should encourage investment in the sector and bring new sources of production online over time.  CRU International Limited expects long term lithium prices to stabilize at approximately $6,400 per metric ton and $9,400 per metric ton for lithium carbonate and lithium hydroxide, respectively.  These are considerably higher than the historic prices for these products. URI is targeting exploration and development of lithium brines because they are characteristically in the lowest operating cost quartile of production, and would be more likely to be profitable in the markets described above. The significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the World Nuclear Association (“WNA”), as of January 2017, there were 406 nuclear reactors operable worldwide with annual requirements of about 138 million pounds of uranium, excluding Japan and its 41 operable but idled reactors. Thirty countries including Japan utilized nuclear power in 2016. In addition, world-wide the WNA lists 60 reactors under construction, 164 being planned and 347 being proposed. While global nuclear power generation is expected to increase driving demand through 2030, especially in China, Russia, India and South Korea, UxC Consulting projects continued oversupply and low uncovered demand over the near-to-medium term due to higher inventory levels at utilities. During 2016, term contracting was weak and focused on shorter period mid-term contracts. This restrained the spot market as discretionary buying was also weak. UxC projects that global nuclear power generation will expand to 518 reactors in 36 countries by 2030. Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2016 report at 160 million pounds of U3O8. This is compared with 158 million pounds of primary supply in 2015. Total supply in 2016, including secondary supplies, is expected to total 206 million pounds. Secondary supplies are derived from sales from governments, including the US government, enricher services and commercial inventories. During the first quarter of 2017, the average weekly spot price of uranium was $23.96 per pound compared with $32.77 in 2016. During Q1 2017, the weekly spot price of uranium reached a high of $26.50 in February and a low of $20.25 in January. The quarter-end spot price was $24.50. As of May 8, 2017, the weekly spot price was $22.50 per pound. Some analysts project that uranium prices may have bottomed and expect gradually recovering uranium prices from a supply deficit as uranium market fundamentals for supply and demand improve over time.  Secondary supply inventories continue to weigh on the uranium market in the near term but are expected to reduce from depleted government inventories and a rebalancing of the enrichment sector, according to UxC. Demand for uranium is expected to improve from an increase of nuclear power generation in China and other countries. The Company’s current cash is expected to fund critical operations through year-end 2017 and into the first quarter of 2018.  As an exploration and development company with no current production, the Company expects to obtain additional capital market financing, including the possible further sale of non-core assets, to fund its lithium exploration program and to operate the Company through 2018. The Company’s goals for the remainder of 2017 are as follows: URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position of over 27,000 acres in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results, future demand for and price of uranium and lithium, and the Company’s liquidity are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) estimated or expected net cash used in operations, mineral property expenses, general and administrative expenses, net loss, and cash and working capital positions for the twelve months ended December 31, 2017, (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of uranium and lithium; (d) risks associated with our foreign operations, (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (g) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, (l) the ability of the Company to negotiate an extension on the Cebolleta lease and (m) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.


News Article | May 15, 2017
Site: www.theenergycollective.com

Getting the policy commitments from government and money from investors to make them a reality is an entirely different matter. There is no shortage of good ideas for improving the prospects of conventional light water reactors, small modular reactors using similar technologies, and advanced reactors which have multiple technological roadmaps. The problem is that all of them are contending for investor funding, government R&D support, and licensing reform. The cruel fact of the matter is that no reactor vendor is going to get an order for one of their units from a utility unless they can prove the design is safe and can be operated at a profit. Success factors also include having a reliable supply chain that can meet NQA-1 standards, a skilled workforce to build the units, a common sense and cost sensitive regulatory environment, and trained operators to run the reactors once built. One of the reasons the Westinghouse projects in Georgia and South Carolina are in so much trouble is that after 30 years of benign neglect by the Department of Energy, none of these success factors were in place when the projects broke ground. How many undergraduate engineering students are going to switch out of the nuclear field after learning about the financial disaster visited on these projects by mismanagement at Toshiba and Westinghouse? There are multiple reasons for the decades of neglect of the nuclear industry, but two of them are that the green wing of the Democratic party favors solar and wind power due to their “lifestyle” appeal to voters and the Republican party, which has long since been captured by the oil and gas industry, sees nuclear energy as a competitive threat. However, now we are faced with scientific evidence that the earth is warming caused by increased CO2 emissions from fossil energy fuel combustion processes. To “decarbonize” the various energy using sectors of our economy will require a renewed commitment to nuclear energy. It makes no sense to put electric cars on the road if their power comes from coal-fired power plants. The executive branch of the federal government is ill-prepared for this challenge with the Department of Energy headed by former Texas Governor Rick Perry who famously said he wanted to eliminate DOE in a 2011 presidential debate but couldn’t remember its name. Unlike other recent secretaries of energy with PhDs, like Steven Chu, who held a Nobel Prize in physics, and Ernest Moniz, who led MIT nuclear energy programs, Perry has an undergraduate degree in animal husbandry. Perry’s campaign position is consistent with the ‘search & destroy’ profiles of other Trump cabinet appointments like Scott Pruitt at EPA who has made no bones about his plans to tear the agency apart. At Interior Ryan Zinke has made clear he intends to promote coal mining and natural gas drilling in direct contradiction of things like national park boundaries. Finally, many key posts at DOE remain unfilled by Perry. Taken together it is difficult if not impossible to see any hope of clarity regarding nuclear energy from the executive branch. Congress may be a source of support, but without a viable agency to execute programs with their funding in place, it may be the U.S. nuclear energy industry is facing a dark and uncertain future at least where the federal government is concerned. The problem is similarly acute in the UK where a precipitous drive to exit from relationships with the European Union is turning relationships with Euratom on its head. That said people are speaking up. Here are a series of brief summary reports of industry views on what needs to be done to put the nuclear energy industry in the US and the UK in gear to address the challenge of decarbonization of our energy use. US Must Expand Nuclear to Maintain Global Influence A country’s nuclear energy expertise is a significant element of its geopolitical influence and, along with other clean energy technologies, is essential to meeting global clean energy demands and addressing climate challenges, the Global Nexus Initiative (GNI) says in its fourth and final policy memo. The expansion of nuclear development outside the United States and Europe is shifting influence toward nations that have not been known as leaders in nuclear governance, like Russia and China. Traditional nuclear leaders like the United States and its allies must bolster their role as nuclear suppliers in order to continue influencing regulatory and security norms, the report states. Kenneth Luongo, president of the Partnership for Global Security (PGS) discussed U.S. position at a press conference in Washington, D.C. “The control of market share translates into the power to create nuclear governance rules and prevent commercial competition from eroding vital safety, security and nonproliferation standards.” Chart Notes: For the US, the three planned nuclear reactors are far from done deals. They are DTE’s Fermi III, Dominion’s North Anna III, and Duke’s William States Lee plants. All have received NRC licenses. However, given the financial troubles faced by reactors now under construction in Georgia and South Carolina, it could be a long time before any other utility in the U.S. decides to proceed with a full size nuclear reactor regardless of the vendor. India’s commitments are problematic since 12 of the 20 planned units are supposed to be supplied by Areva and Westinghouse, and neither vendor is anywhere near able to break ground. GNI also recommends that the current framework of governance evolve into one that is forward-looking and can handle the particular challenges that the next few decades will present, including effectively involving newcomer nations, guiding emerging suppliers and combating climate change. The think tank said in its statement that traditional nuclear suppliers … have primarily written the current rules. But they are in the process of losing ground on nuclear commerce to Russia and soon China. These are very serious issues for the entire global community. Nuclear operation and supply are special responsibilities. And, radiation does not respect borders. Standards must be strong. “An aggressive and effective response to these new realities—strengthening, unifying, and when necessary, expanding the nuclear governance system—is essential for nuclear power to continue to play a vital role in meeting the increasing global need for carbon-free energy in the 21st Century,” GNI says. Part of this effort will involve not only developing and deploying advanced reactor technology, but also working to preserve the current nuclear plants. “To increase its market share and thereby preserve its ability to shape the global use of nuclear technology, the United States must have both a strong domestic nuclear power program and an aggressive nuclear trade and export program,” NEI President and Chief Executive Officer Maria Korsnick said at the conference. “However, preserving the existing fleet is also fundamental to achieve these goals. Without the existing fleet and the associated infrastructure it will be increasingly difficult for technological innovation to occur, or to maintain a robust supply chain for our nuclear navy.” To achieve these goals, GNI recommends the development of diverse coalitions that include governments, international institutions, the industry, nonproliferation experts, environmental specialists and other stakeholders. As a joint project of the Nuclear Energy Institute and PGS that drew together a diverse range of experts, GNI is a positive example of what these innovative partnerships can do. US Nuclear Industry Calls For Action On ‘Outdated And Costly’ Regulatory Regime (NucNet) The US nuclear industry has called for the Nuclear Regulatory Commission’s “outdated and costly” regulatory regime to be updated. In testimony to the House appropriations committee’s energy and water development subcommittee on May 3, 2017. Nuclear Energy Institute president and chief executive officer Maria Korsnick said the need for Congressional action on regulatory reform has become more urgent as utilities consider using accident tolerant fuel and NRC applications are being submitted for certification of small modular reactor designs, which will be deployed in the mid-2020s. She said developers of advanced non-light-water reactors are beginning to deal with the NRC as they look to deploy their technologies around 2030. She said the industry wanted an urgent review of accident tolerant fuel and advanced reactor programs, and funding for federal research and development efforts that promote new technologies and innovation. Ms Korsnick also called for licensing the proposed Yucca Mountain deep geologic repository and construction of a consolidated interim storage facility. Ms Korsnick’s testimony is online: http://bit.ly/2qHz6PY Engineering Association Calls For UK To Focus On SMR Development (NucNet) The UK should focus on developing small modular reactors (SMRs) to secure the country’s nuclear industry post-Brexit, according to a report by the Institution of Mechanical Engineers (IME). The report says SMRs could present the UK with export opportunities and return the country to the international nuclear reactor supply arena. The report outlines possible routes the government could take to leaving the European Atomic Energy Community (Euratom) regarding issues such as safeguards, nuclear cooperation agreements, research and development, and regulation. The IME is calling for the UK to develop its own safeguarding office, to ensure the country conforms to international rules on safety and non-proliferation, but says the UK should remain an associate member of Euratom for the specific purpose of R&D. Jenifer Baxter, head of energy and environment for the IME and lead author of the report, said in a May 5, 2017 statement that the UK’s departure from the EU and Euratom is likely to be “complicated and difficult”, but it also presents the country with an opportunity to “reshape its nuclear industry and once again become a world-leading innovator in nuclear technology”. EDF Hopes For UK-Style Subsidies For New Nuclear Plants In France (NucNet) French state-owned utility EDF hopes for UK-style subsidies for the construction of new nuclear plants in France and expects that president-elect Emmanuel Macron’s plan to reduce the share of nuclear in the French power mix is a “long-term” plan. EDF chief financial officer Xavier Girre said EDF was hoping to convince the Macron government to introduce state subsidies for new nuclear plants, modelled on the contracts for difference (CfD) scheme under which EDF is planning to build two EPR nuclear units at Hinkley Point in England. EDF has signed a CfD with the British government under which it can sell power at £92.5/MWh for 35 years. The Hinkley Point project will cost £18bn (€21bn, $23bn). If the market price is above that level, EDF refunds the difference, if it is below that level it receives a top-up. According to the World Nuclear Association, France has 58 nuclear reactors operated by Electricite de France (EdF), with a total capacity of 63.2 GWe, supplying 436 TWh of electricity in 2014, 77.5% of the total generated there (IEA data). As a result of the 1974 decision, France now claims a substantial level of energy independence and almost the lowest cost electricity in Europe. It also has an extremely low level of CO2 emissions per capita from electricity generation, since over 90% of its electricity is nuclear or hydro. The problem France faces is that starting in 2021 32 of its 58 operating reactors will begin to hit the 40 year mark. The end of the the 2020s, all of France’s older 900 MW units will be 40 years old. Planning an affordable succession for these units is a major challenge that must be met starting now. Mr Girre said EDF also wanted to talk to the new government about the ARENH (‘Regulated Access to Incumbent Nuclear Electricity’) mechanism under which currently it is forced to sell up to 25% of its nuclear output to competitors as part of measures to improve competition in the retail power market. “We consider that it is necessary and fair to reform the ARENH mechanism to prevent it from being as biased as it is today,” he said.


News Article | May 22, 2017
Site: www.chromatographytechniques.com

Switzerland voted for a pivotal new energy plan that includes phasing out nuclear power in favor of renewables. The referendum held Sunday passed by an approximate 58-42 margin, according to the country’s public television outlet. A majority of cantons, the divisions of local government, was also reached. The country would ban construction of new nuclear plants, eventually decommission the five current plants, and also push for renewable energy sources like hydroelectric and wind. It would also mandate more efficient vehicles and devices. The national parliament resolved not to replace any reactors in 2011, which would have phased out nuclear power by 2034, according to the World Nuclear Association. However, the direct democratic vote is the first formal public support for the direction away from nuclear sources, according to accounts. (A prior referendum in 1990 had imposed a 10-year moratorium on new nuclear construction, but a 2003 vote had rejected two anti-nuclear proposals). In 2015, nuclear sources supplied 34 percent of the total Swiss production, with 59 percent coming from hydroelectric. Opponents of the referendum have contended that more renewables meant higher prices. The Swiss vote is the latest setback for nuclear power, once seen as the future, but which has slowed with a series of international crises that began nearly 40 years ago with the meltdown at Three Mile Island. The U.S. Nuclear Regulatory Commission concedes that the panic and anxiety of Three Mile Island “permanently changed both the nuclear industry and the NRC.” But that total meltdown was narrowly averted, with no fatalities reported – unlike the Chernobyl disaster of 1986 in the Ukraine, and the Fukushima incident in Japan in 2011. “Public fear and distrust increased, NRC’s regulations and oversight became broader and more robust, and management of the plants was scrutinized more carefully,” the agency has said. Nuclear’s growth tailed off considerably in the U.S. after 1979. It did reach a peak generation of 23 percent of all U.S. electricity in December 1999 – but that total fell to 18 percent by summer 2015. In the same time frame, natural gas rose from 11 percent to 35 percent of the share of the county’s generation. Some experts hold that economics, and not disasters, are what have curtailed the use of nuclear in the U.S. Ninety-nine nuclear plants are currently in use in the U.S. today, the NRC says. The most recent performance analysis of the plants found only 85 met all safety and security objectives, the NRC found. The Associated Press contributed to this report.


DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Liquid Macrofiltration Market 2017-2021" report to their offering. The global liquid macrofiltration market to grow at a CAGR of 4.83% during the period 2017-2021. The report, Global Liquid Macrofiltration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. One trend in the market Is growing use of automatic backwashing filters. The growing use of automatic backwashing filters is one of the major trends witnessed in the global liquid macrofiltration market. This is an automation process that is developed to increase the life of the filter equipment. According to the report, one driver in the market is growth of nuclear power sector in China. According to World Nuclear Association, the nuclear power industry in China is expected to grow three-fold, adding a nuclear capacity of at least 58 GWe by the end of 2020 and then another 150 GWe by the end of 2030. The per capita electricity consumption in China was 3,510 kWh in 2012. It is expected to reach 5,500 kWh/yr by 2030 and about 8,500 kWh/yr by 2050. Coal is the primary energy source, and the location of China's coal reserves mostly in the northern and northwestern regions has led to severe logistics problems. For instance, nearly half of the rail system in China is used to transport coal. For more information about this report visit http://www.researchandmarkets.com/research/9x87wn/global_liquid


News Article | April 24, 2017
Site: www.theenergycollective.com

At the World Nuclear Fuel Conference (WNFC) conference in Toronto this month, I will be presenting a paper “Nuclear Power Economics and Project Structuring – 2017 Edition” to introduce the most recent version of this World Nuclear Association (WNA) report. For full disclosure, I am the chair of the WNA Economics Working Group and this … The post Nuclear Power Economics appeared first on The Energy Collective. Click headline for full article


News Article | April 19, 2017
Site: www.prnewswire.com

Are you looking for a definitive report on the $27.9bn Access Control and Authentication sector? Rising security concerns, growing awareness and acceptance of the benefits of electronic security, infrastructure growth and government regulations are the key factors driving the growth of the access control and authentication market. The global access control and authentication market (electronic access control (EAC), automatic number plate recognition (ANPR), and document readers) will reach US$31.9 Bn in 2017. You will receive a highly granular 306 page market analysis report, by Visiongain segmented by region, by subsector and by end use, providing you with that complete industry outlook, essential for your business strategy. Key Features • Discover where the Access Control and Authentication business opportunities are • 236 tables, charts, and graphs reveal market data allowing you to target your strategy more effectively • Understand how the Access Control and Authentication market will develop? • Global, regional and Access Control and Authentication submarket forecasts and analysis from 2017-2027 illustrate the market progression • Find which Access Control and Authentication technology submarkets will thrive from 2017-2027 • Electronic Access Control (EAC) • Biometrics (Finger, Face & Iris Recognition, Other) • Card-Based Access Control (Smart Cards & Readers, Proximity Cards & Readers, Other) • RFID (Active, Passive) • See which Access Control and Authentication industry end-use submarkets will expand from 2017-2027 • Transportation & Logistics (Rail, Aviation, Port & Maritime, Road & City Transport, New Starts) • Government & Public Sector • Utilities / Energy (Green Energy Facility, Oil, Gas and Fossil Generation Facility, Nuclear Power) • Industrial • Retail • Business Organisation • Hospitality & Casinos • Healthcare • Educational (K-12 Institutions, Others) • Other • Locate the regional Access Control and Authentication market opportunities from 2017-2027 • Focused regional forecasts and analysis explore the future opportunities • North America • Europe • Asia Pacific • MEA • Latin America • Evaluate the factors influencing Access Control and Authentication market dynamics • Technological issues and constraints • Supply and demand dynamics • Competition from new product types • Research and development (R&D) strategy • Advances in product quality • Discover who the leading Access Control and Authentication companies are • Examine competitive positioning, capabilities, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook. • Access Ltd (Access-IS) • Bosch Security Systems, Inc. • Canon, Inc. • Genetec, Inc. • Honeywell International, Inc. • NDI Recognition Systems Ltd. • Panasonic Systems Network Co. Ltd. • Q-Free ASA • Tattile S.r.l • Zhejiang Dahua Technologies Co. Ltd. Who is this report for? • Access control and authentication technology companies • Biometrics specialists • Security experts & consultants • Security hardware and software vendors • R&D scientists • NPD staff • Transport & logistics companies • Energy companies • Healthcare companies • Aviation companies • Infrastructure developers • Educational institutions • CEOs • Asset managers • Heads of strategic development • Market analysts • Procurement staff • Company managers • Industry associations • Procurement managers • Security managers • Governmental departments & agencies To request a report overview of this report please email Sara Peerun at sara.peerun@visiongain.com or call Tel: +44-(0)-20-7336-6100 3M Company Access Ltd (Access-IS) Acrifab Pvt Ltd ID Solutions ACTI Allegion Alnet Systems Alphone Ambienta SGR S.p.A Apple Inc. AR Hungary (ARH,Inc.) Arecont Vision ASL interamerica Security Trading Inc. Assa Abloy Avigilon Avtech Axis Communications AB Axon Group Axxonsoft Ayonix Inc. Borer Data Systems Ltd. Bosch Security Systems Inc Bravida Fire & Security Canon Inc. CBORD Group, Inc Chrome Software Cisco Systems Inc Commax Costar Technologies C-Pro Electronics Cross Match Technologies, Inc., Crown Security Products Dali Technology Digital Barriers Dynacolour ELSAG North America, LLC Europay Everfocus Electronics Everspring Industry Exacq Technologies Inc. Exar Corporation Fermax Fulcrum Biometrics Gatso Australia Genetec Inc Geovision Geutebrueck HDPRO Hi Sharp Electronics HID Global Hitron Systems Honeywell International Inc Honeywell Security Group Hunt Electronic ID Wholesalers Industrial Automation and Control (Pty) Ltd. IT4Aero ITX Security KiwiSecurity Kocom Magal Security Systems MasterCard MEC Networks Corporation Milestone Systems A/S MiraSys Ltd. Morpho Safran Inc Napco Security Systems NDI Recognition Systems Ltd Nedap OnSSI Inc. Open Roads Consulting Inc Optex Panasonic Corporation Panasonic Systems Network Co. Ltd Pelco Inc (Schneider Electric) Phantasialand Theme Park PIPS Technology Ltd Q-Free ASA Quercus Technologies Rail Canada Salto Systems SL Samsung Electronics Schneider Electric Sierra Wireless Sony Corporation Streaming Networks Suprema Inc Synetctics Synology Tattile S.r.l The Boeing Co. TKH Group USoft Technologies Pvt. Ltd. VenTek Verint Systems Vicon Videotrend S.r.l. Visa Vivotek Inc. Zhejiang Dahua Technologies Co. Ltd. List of Organisations Mentioned American Association of Port Authorities BBC Boston Police Department Bureau of Immigration (Philippines) Canadian Air Transport Security Authority (CATSA) Central Intelligence Agency (CIA) China Association of Automobile Manufacturers (CAMM) Delhi Traffic Police Driver and Vehicle Licensing Agency (DVLA) Energy Information Administration (EIA) Environmental Protection Agency (EPA) Eurocontrol European Aviation Safety Agency (EASA) European Commission European Sea Ports Organization Federal Bureau of Investigation (FBI) Healthcare Distribution Management Association (HDMA) Hong Kong International Airport international Air Transport Association (IATA) International Civil Aviation Organization (ICAO) International Union of Railways (UIC) Interpol Massachusetts Supreme Judicial Court National Center for Education Statistics, U.S. National Traffic Department (Brazil) New York Police Department Ninoy Aquino International Airport (NAIA) Organization for Economic Co-Operation and Development (OECD) Pew Hispanic Organization Public Works Department of Kansas City The American Planning Association Transportation Security Administration (TSA) U.K. Police U.S, Department of State U.S. Customs and Border Protection (CBP) U.S. Department of Homeland Security (DHS) U.S. Federal Transit Administration (FTA) U.S. Nuclear Regulatory Commission U.S. Pentagon World Bank World Nuclear Association To see a report overview please email Sara Peerun on sara.peerun@visiongain.com

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