Today, the US has taken the biggest step towards a nuclear renaissance in decades.
The Department of Energy, through its loan program, has conditionally committed $17.5 billion in funding to jumpstart the construction of 10 AP1000 nuclear reactors.
What is this loan for?
Nuclear development is famously burdened by long construction timelines. The clock for these timelines is “set” by the procurement and utilization of “long lead items” such as containment vessels, turbines, and so on – basically, the big pieces of equipment that are often in limited supply across the globe and even more limited supply in the US.
Thus, if you want to start the clock, you have to get the procurement of long lead items underway. That’s what this loan provides for. This, in turn, can speed up the construction and commercial operations of new large reactors by as much as three years.
How do the loans work?
These loans will support five “projects”, each one representing two reactors at one site – in other words, 10 AP1000s total.
Westinghouse will partner with five utilities/energy companies nationwide to procure these LLIs at a fixed price. Each project will be jointly owned by Westinghouse and that utility. These utilities are yet-to-be-named, though seven potential partners have signed letters of intent along with identified project sites.
Exciting stuff! More soon.
#Canada will move forward with the @Saab GlobalEye AEW&C platform built on the #Toronto-made @Bombardier Global 6500 and militarized at a Canadian conversion facility.
A massive win for Canada’s #aerospace and #defence industrial base. 🇨🇦✈️
#OntarioMade
#BC to #Rotterdam: 18–25 days, pending Panama Canal traffic.
#ON to Rotterdam: 14–17 days, with St. Lawrence restrictions.
#QC to Rotterdam: 7–9 days at roughly half the emissions pacific routes.
#European 🇪🇺 consumers are waiting on #Canadian 🇨🇦 #infrastructure.
Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia https://t.co/4gs6barVVJ
South Korea’s first planned container ship trial voyage along Russia’s Northern Sea Route will include a stop at the Norwegian Arctic port of Tromsø
@TromsoHavn#tromsø#southkorea#arctic#nsr#shipping
https://t.co/Z8PIZfj5Y8
Canadian police said they caught a hot dog thief this week, and the bandit did not make an attempt to conceal the evidence.
“The suspect was released without conditions — and a full belly!” said a post from the police department. https://t.co/rWn3W6r3mm
Davie Defense has finalized a $3.5 billion contract to build five new U.S. Coast Guard Arctic Security Cutters.
The first two vessels will be built at Helsinki Shipyard in Finland before production shifts to Texas, where Davie plans a major expansion of its Gulf Coast shipbuilding operations.
First delivery is targeted for 2028 as the U.S. races to rebuild its Arctic icebreaker fleet amid growing competition with Russia and China. Full story in comments:
Decagon is opening an office in Toronto. 🇨🇦
Toronto has become one of the best places in the world to build AI, with an exceptional concentration of engineering talent.
We’re actively hiring across product, engineering, and GTM. ↓
A cartoon in the Montreal Gazette from October, 2001 emphasizing Canada's support for the US after 9-11. More than 150 Canadians would die in the subsequent war in Afghanistan, supporting the US.
EXCLUSIVE: Ontario enters $300 million cost-sharing agreement that could help make province home to largest nuclear generating facility in the world https://t.co/Nr53gxZjoP
@willnme2014@AlexRMcColl Both the Saab and L3 Harris applications would be on the Toronto Made G6500.
The bombardier Witicha facility would do engineering, modification, and support of specialized missions, including the work for surveillance platforms
For L3 Harris, its done in Marible and Texas