Tag Archives: nuclear waste canisters

How to Make Money out of the Nuclear Waste Mess

Companies specializing in the handling of radioactive material are buying retired U.S. nuclear reactors from utilities and promising to clean them up and demolish them in dramatically less time than usual — eight years instead of 60, in some cases.  Turning nuclear plants over to outside companies and decommissioning them on such a fast track represents a completely new approach in the United States, never before carried to completion in this country, and involves new technology as well…

Once a reactor is shut down, the radioactive mess must be cleaned up, spent nuclear fuel packed for long-term storage and the plant itself dismantled. The most common approach can last decades, with the plant placed in a long period of dormancy while radioactive elements slowly decay.  Spent fuel rods that can no longer sustain a nuclear reaction remain radioactive and still generate substantial heat. They are typically placed in pools of water to cool, staying there for at least five years, with 10 years the industry norm, according to the Nuclear Regulatory Commission. After that, they are removed and placed in giant cylindrical casks, typically made of steel and encased in concrete.

But Holtec International, which in the past year has been buying up several retired or soon-to-be-retired nuclear plants in the U.S., has designed a cask it says can accept spent fuel after only two years of cooling.  Holtec struck a deal last year to buy Oyster Creek in Forked River, New Jersey, from its owner, Exelon Generation.  It also has deals in place to buy several plants owned by Entergy Corp., including: Pilgrim, in historic Plymouth, Massachusetts, closing May 31; Palisades, in Covert, Michigan, set to shut down in 2022 ; and two reactors expected to close within two years at Indian Point in Buchanan, New York….  NorthStar Group Services, a specialist in nuclear demolition, completed the purchase of Vermont Yankee from Entergy with plans for its accelerated decommissioning.

The companies jumping into the business believe they can make in profit….Holtec will inherit the multibillion-dollar decommissioning trust funds set up by the utilities for the plants’ eventual retirement. , The company would be able to keep anything left over in each fund after the plant’s cleanup. By Holtec’s accounting, for instance, the Pilgrim decommissioning will cost an estimated $1.13 billion, leaving $3.6 million in the fund.  Holtec and Northstar are also banking on the prospect of recouping money from the federal government for storing spent fuel during and after the decommissioning, because there is no national disposal site for high-level nuclear waste…

Holtec has come under scrutiny over its role in a mishap in August 2018 during the somewhat less aggressive decommissioning of the San Onofre plant in Southern California, where two reactors were retired in 2013 and the estimated completion date is 2030….Holtec contractors were lowering a 45-ton spent fuel cask into an underground storage vault at San Onofre when it became misaligned and nearly plunged 18 feet, investigators said. No radiation was released.  Federal regulators fined Southern California Edison, the plant’s owner, $116,000, and an investigation found that some Holtec procedures had been inadequate or not properly followed.

BOB SALSBERG , Speedy reactor cleanups may carry both risks and rewards, Associated Press, May 21, 2019

Institutions Go Way But Not Nuclear Waste

The Trump administration  is asking Congress for money to resume work on the Yucca Mountain nulcear waste storage in Nevada.  But that may not end local opposition or a longstanding political stalemate. And in the meantime, nuclear plants are running out of room to store spent fuel….As the waste piles up, private companies are stepping in with their own solutions for the nation’s radioactive spent fuel. One is proposing a temporary storage site in New Mexico, and another is seeking a license for a site in Texas.

Most experts agree that what’s needed is a permanent site, like Yucca Mountain, that doesn’t require humans to manage it.  “Institutions go away,” says Edwin Lyman, acting director of the Nuclear Safety Project at the Union of Concerned Scientists. “There’s no guarantee the owner will still be around for the duration of time when that waste remains dangerous, which is tens or hundreds of thousands of years.”

A California company says it has a viable plan for permanent storage. Deep Isolation wants to store spent fuel in holes drilled at least 1,000 feet underground in stable rock formations. The company says the waste would be separate from groundwater and in a place where it can’t hurt people.  “I like to imagine having a playground at the top of the Deep Isolation bore hole where my kids and I can go play,” says CEO Elizabeth Muller.  In November 2018, Muller’s company conducted a test north of Austin, Texas. Crews lowered an 80-pound canister into a drilled hole. It was a simulation, so no radioactive substances were involved. The goal was to determine whether they could also retrieve the canister.  The test was successful, and that’s important. Regulators require retrieval, because new technology could develop to better deal with the spent fuel. And the public is less likely to accept disposal programs that can’t be reversed, according to the International Atomic Energy Agency.

Proving the waste can be retrieved may be the easy part. The bigger challenge is federal law, which doesn’t allow private companies to permanently store nuclear waste from power plants.  Current law also says all the waste should end up at Yucca Mountain in Nevada. By contrast, Deep Isolation’s technology would store waste at sites around the country, likely near existing nuclear power plants.

Jeff Brady, As Nuclear Waste Piles Up, Private Companies Pitch New Ways To Store It, NPR, Apr. 30, 2019