July 16, 2025: The Water Cost of Electricity on the Susquehanna River

May 15, 2025: Data Centers and Nuclear Power on the Susquehanna River: More Questions than Answers

Sep 29, 2024: The case against restarting Three Mile Island’s Unit-1


Radioactive: The Women of Three Mile Island

Did you catch "The Meltdown: Three Mile Island" on Netflix?
TMI remains a danger and TMIA is working hard to ensure the safety of our communities and the surrounding areas.
Learn more on this site and support our efforts. Join TMIA. To contact the TMIA office, call 717-233-7897.

    

Nuclear storage project in New Mexico terminated

Holtec International in Camden, N.J. May 10, 2019. JOE LAMBERTI/COURIER POST-USA TODAY NETWORK

Adrian Hedden
Carlsbad Current-Argus
achedden@currentargus.com

Local officials in southeast New Mexico are searching for a new path to see a nuclear facility built and operated near the border between Eddy and Lea counties, after a company planning to do so terminated the project.

In canceling its plans, New Jersey-based Holtec International pointed to a tide of opposition from state officials – despite local support in Carlsbad and Hobbs – to its proposal to store spent nuclear fuel rods brought in from power plants around the country.

Holtec first applied for a federal license for the facility in 2017, touching off a controversial licensing process that was delayed by litigation and plagued by opposition from the state administration, New Mexico’s congressional delegation and environmental advocates.

The company was recruited to the location by the Eddy Lea Energy Alliance, a consortium of local officials from the two counties and the cities of Carlsbad and Hobbs. The Alliance owns the 1,000-acre plot of land where the facility would have operated.

Company officials wrote in a July 28 letter to the Alliance that the project “was impossible” amid strong opposition from state lawmakers and current agreements in place with local leaders, stating the company was terminating an agreement to buy the land from the Alliance once the facility was operational.

Holtec spokesperson Patrick O’Brien confirmed Wednesday, Oct. 8, that the company and the Alliance agreed to part ways, allowing the Alliance to seek other companies to develop the site and Holtec to pursue projects in other states amid recent efforts by the U.S. Department of Energy to facilitate state consent.

“After discussions with our longtime partner in the HI-STORE project, the Eddy-Lea Energy Alliance, and due to the untenable path forward for used fuel storage in New Mexico, we mutually agreed upon canceling the agreement,” O’Brien wrote in an email.

“This allows for (the Alliance) to work to redevelop the property in a manner that fits their needs and allows Holtec to work with other states who are amenable to used fuel storage based on the recent DOE work on public education and outreach.”

During a Wednesday, Oct. 8, meeting of the Alliance held in a Carlsbad, Chair John Heaton said the Alliance offered to dissolve a noncompete clause, which would allow Holtec to pursue other projects in Colorado and Utah, while continuing to pursue the site in New Mexico.

He said the company’s president, Krishna Singh, responded that he “would not put another penny” into New Mexico after heavy state opposition was voiced and the project delayed.

The Alliance’s board voted unanimously to accept the letter and termination of the project.

“He is just so frustrated with the constant roadblocks from the state of New Mexico,” Heaton said of Singh. “They just said they’re through. They want to cancel it.”

Supreme Court favors nuclear storage

The company appeared ready to build the facility which would hold up to 100,000 metric tons of the refuse after a U.S. Supreme Court verdict in June reinstated a federal license to build and operate the site.

Justices ruled the project’s opponents who initially challenged the license for the site had no legal standing to enter the licensing process in the first place.

That left Holtec and its supporters claiming victory and expecting the project to move forward, after more than a decade of debate, public hearings, and negotiations between the company and the Alliance.

But Senate Bill 53, passed by state lawmakers in 2023 barred any state agency from issuing permits Holtec would need to operate the site, a problem noted in Holtec’s letter along with the overall “political climate” in New Mexico.

“Unfortunately, the passage of state legislation that effectively prohibits the construction of the (consolidated interim storage facility), combined with the continued public opposition expressed by New Mexico’s current administration, has made the project impossible in the near future,” read the letter signed by William F. Gill, Holtec vice president and senior counsel.

During the Wednesday meeting, Heaton made a motion for the Alliance to accept the July 28 letter from Holtec canceling the land sale and a revenue sharing agreement. The motion was supported by a unanimous vote.

Other nuclear options considered

Heaton said the site could still be used for a nuclear project developed by a different company to either store or repurpose the spent fuel, but that such a move would require a new license application process.

“Any other entity that would want to create an interim storage facility at the site would need to go through the (Nuclear Regulatory Commission). It (the license) is not assignable,” Heaton said.

Hobbs Mayor Sam Cobb said that if Holtec officially terminates its role in the project, the Alliance must seek another company to build and bring the facility into service.

He argued that the commission, the U.S. government’s main approval arm for nuclear facilities, already approved the project federally, meaning it could be viable with another willing participant.

“I think it’s incumbent on us to explain any possible forward movement at the site which the (Nuclear Regulatory Commission) has deemed suitable,” he said. “The nuclear industry is resurging and it’s going to keep expanding.”

But Heaton countered that the project as approved involved “proprietary” technology owned by Holtec, meaning a new company would need to pay Holtec for its use or seek approval for a new design.

He said Holtec has built but not operated storage facilities in other areas and could be open to doing so for a new operator of the facility with new federal approval.

“They will still have to go through the process,” Heaton said. “That is the big barrier.”

He did say Wisconsin-based Shine Technologies might be ideal for a different project at the site in lieu of Holtec’s participation.

In February, Shine Technologies announced it was selected by the U.S. Department of Energy to receive funding through its Advanced Research Projects Agency-Energy program to aid in developing technology to reprocess spent nuclear fuel.

That could involve the Alliance’s site, Heaton said. He said the fuel rods initially planned to be stored at Holtec’s facility could instead be reprocessed at the location, potentially by Shine Technologies or a similar company.

“Reprocessing has much more economic benefit than storage,” Cobb said. “We probably need to put together a plan to make those presentations.”

NY AG to appeal ruling allowing Indian Point owners to dump nuclear waste into Hudson

The Indian Point nuclear power plant in March, 2021.
Mario Tama/Getty Images

New York Attorney General Letitia James will appeal a court ruling allowing the owners of the shuttered Indian Point nuclear facility to resume dumping radioactive wastewater into the Hudson River.

Manhattan federal Judge Kenneth Karas struck down a state law last month that would prevent Holtec, the plant’s owners, from discharging waste water into the river.

Holtec filed a lawsuit shortly after the Save the Hudson law was passed in 2023. The judge ruled that New York overstepped its authority by preventing Holtec from releasing radioactive waste from Indian Point, which the facility has been doing lawfully for decades. The ruling stated that only the federal government has the authority to regulate nuclear discharges.

But states have significant authority over water discharge and pollution, and James said in a statement that the federal court decision was misguided.

“We must ensure that the Hudson River and its surrounding communities are protected for future generations,” James said. “Indian Point must be decommissioned responsibly, and my office will be appealing this decision to defend New Yorkers and our natural resources.”

The wastewater released by the former plant contains tritium, which the Nuclear Regulatory Commission says is a mildly radioactive type of hydrogen. Tritiated water is chemically indistinguishable from normal water and cannot be filtered.
 

Humans are exposed to tritium through air and water. The releases from Indian Point are within federal standards, but nuclear experts have expressed uncertainty about what a safe level of exposure is and whether exposure has been studied enough. Gothamist previously reported that when tritium chemically embeds into organic matter, such as plants and animals in the food chain, its radiation dose can intensify tenfold.

“Holtec’s plan to release millions of gallons of tritiated wastewater into the Hudson River will depress interest in tourism and recreation in the Hudson Valley,” Tracy Brown, president of the environmental advocacy group Riverkeeper, wrote in a statement. The organization focuses on protecting the Hudson River. “After how far we have come in remediating both the Hudson and people’s relationship with it, this is the last thing our communities need.”

Theoretically, Holtec can resume with its plan to release 45,000 gallons of tritiated water, which is the cheapest viable option for disposing of the waste. The company has not released a date for the discharge but expressed support for the judge’s decision.

“We are pleased with recent federal court ruling, as it has always been our contention that radiological water discharge falls under the purview of the federal government and the [federal Nuclear Regulatory Commission], we will continue to decommission the Indian Point site in an environmentally responsible manner working with local, state and federal stakeholders,” Patrick O’Brien, Holtec’s director of government affairs and communications, wrote via email.

Holtec said it doesn't plan to release the waste until the legal fight has concluded.

Westchester County Executive Ken Jenkins asked the commission “to direct Holtec to stop this reckless action, and to protect the health and safety of our communities. The fight to safeguard the Hudson River is far from over.”

Gov. Kathy Hochul’s office did not immediately respond to a request for comment.

A business case for continued investment in solar and adaptation to stay competitive. A recent Ember study on 24/7 solar, at the 97% benchmark towards full solar supply supported by battery storage forum, the LCOE is $104/MWh – 22% below last year’s global average and cheaper than coal ($118/MWh) or nuclear ($182/MWh), which in itself is a reason strong enough to continue the investment in solar. Mike Drop! the numbers alone tell the story

Renewables overtake coal as world's biggest source of electricity

Story by Justin Rowlatt - Climate Editor  •  4 min read

 

Renewables overtake coal as world's biggest source of electricity© AFP via Getty Images
 

Renewable energy including nuclear power jointly overtook coal as the world's leading source of electricity in the first half of this year - a historic first, according to new data from the global energy think tank Ember.

Electricity demand is growing around the world but the growth in solar and wind was so strong it met 100% of the extra electricity demand, even helping drive a slight decline in coal and gas use.

However, Ember says the headlines mask a mixed global picture.

Developing countries, especially China, led the clean energy charge but richer nations including the US and EU relied more than before on planet-warming fossil fuels for electricity generation.

Coal, a major contributor to global warming, was still the world's largest individual source of energy generation in 2024, a position it has held for more than 50 years, according to the International Energy Agency.

China remains way ahead in clean energy growth, adding more solar and wind capacity than the rest of the world combined. This enabled the growth in renewable generation in China to outpace rising electricity demand and helped reduce its fossil fuel generation by 2%.

India experienced slower electricity demand growth and also added significant new solar and wind capacity, meaning it too cut back on coal and gas.

call to action icon

In contrast, developed nations like the US, and also the EU, saw the opposite trend.

In the US, electricity demand grew faster than clean energy output, increasing reliance on fossil fuels, while in the EU, months of weak wind and hydropower performance led to a rise in coal and gas generation.

 

Renewables overtake coal as world's biggest source of electricity
Renewables overtake coal as world's biggest source of electricity© Getty Images

'Crucial' turning point

Despite these regional differences, Ember calls this moment a "crucial turning point".

Ember senior analyst Malgorzata Wiatros-Motyka said it "marks the beginning of a shift where clean power is keeping pace with demand growth".

Solar power delivered the lion's share of growth, meeting 83% of the increase in electricity demand. It has now been the largest source of new electricity globally for three years in a row.

Most solar generation (58%) is now in lower-income countries, many of which have seen explosive growth in recent years.

That's thanks to spectacular reductions in cost. Solar has seen prices fall a staggering 99.9% since 1975 and is now so cheap that large markets for solar can emerge in a country in the space of a single year, especially where grid electricity is expensive and unreliable, says Ember.

Pakistan, for example, imported solar panels capable of generating 17 gigawatts (GW) of solar power in 2024, double the previous year and the equivalent of roughly a third of the country's current electricity generation capacity.

Africa is also experiencing a solar boom with panel imports up 60% year on year, in the year to June. Coal-heavy South Africa led the way, while Nigeria overtook Egypt into second place with 1.7GW of solar generating capacity - that's enough to meet the electricity demand of roughly 1.8m homes in Europe.

Some smaller African nations have seen even more rapid growth with Algeria increasing imports 33-fold, Zambia eightfold and Botswana sevenfold.

In some countries the growth of solar has been so rapid it is creating unexpected challenges.

In Afghanistan, widespread use of solar-powered water pumps is lowering the water table, threatening long-term access to groundwater. A study by Dr David Mansfield and satellite data firm Alcis warns that some regions could run dry within five to ten years, endangering millions of livelihoods.

Adair Turner, chair of the UK's Energy Transitions Commission, says countries in the global "sun belt" and "wind belt" face very different energy challenges.

Sun belt nations - including much of Asia, Africa, and Latin America - need large amounts of electricity for daytime air conditioning. These countries can significantly reduce energy costs almost immediately by adopting solar-based systems, supported by increasingly affordable batteries that store energy from day to night.

Wind belt countries like the UK face tougher obstacles, however. Wind turbine costs have not come down by anything like as much as solar panels - down just a third or so in the last decade. Higher interest rates have also added to borrowing costs and raised the overall price of installing wind farms significantly in the last few years.

Balancing supply is harder too: winter wind lulls can last for weeks, requiring backup power sources that batteries alone can't provide - making the system more expensive to build and run.

But wherever you are in the world, China's overwhelming dominance in clean tech industries remains unchallenged, other new data from Ember shows.

In August 2025, its clean tech exports hit a record $20bn, driven by surging sales of electric vehicles (up 26%) and batteries (up 23%). Together, China's electric vehicles and batteries are now worth more than twice the value of its solar panel exports.

A Risky Situation' — the Critical State of Ukraine's Zaporizhzhia Nuclear Power Plant, Explained

The Zaporizhzhia Nuclear Power Plant (ZNPP) remains disconnected from the Ukrainian electricity grid and without external power for the 10th consecutive day, creating an increasingly "risky" situation,  experts told the Kyiv Independent.
Russian President Vladimir Putin referenced the crisis at the ZNPP, which is under Russian control, in his Oct. 2 remarks at the Valdai International Discussion Club,  again blaming Ukraine for the outage, despite evidence to the contrary, and threatening retaliatory strikes on Ukrainian nuclear power plants.
Beyond the escalating rhetoric, experts indicate that the danger at the plant, the largest nuclear power station in Europe, is real.
Ukraine’s state nuclear operator Energoatom warned that the diesel generators powering the plant are designed only for short-term emergency use and are not meant to sustain the plant’s operational needs for an extended period. A shutdown of these generators could result in a loss of control over the facility’s nuclear safety systems.

President Volodymyr Zelensky described the situation at the Zaporizhzhia plant as "critical" on Sept. 30. Diesel generators are now supplying power to the plant, but one has already failed, he said.

Najmedin Meshkati, a professor of civil/environmental engineering, industrial and systems engineering and international relations at the University of Southern California, also confirmed that diesel generators "are not designed to be run in such a sustained period of time."

"It’s a risky situation because emergency generators are big machines, and they could easily break down. They are reliable, but at the same time, (require) a high-maintenance type of machinery due to their wear and tear," Meshkati said.

"I would not be surprised if some of them break down after this length of period of being in operation," he added.

Ukraine’s Energy Ministry told the Kyiv Independent that the situation is further complicated by Russia’s failure to carry out scheduled repairs and maintenance, which increases the risk of diesel generator failure and threatens a shutdown of the nuclear fuel cooling system and failure of critical safety systems. This could lead to a nuclear or radiation accident.

"The potential consequences of the failure of safety systems at the ZNPP will be transboundary and pose a danger not only to Ukraine but also to many European countries," a spokesperson said.

"No nuclear power plant in the world has ever been in the same situation as the ZNPP, and it is impossible to predict anything," the spokesperson added.

 

’Very precise sabotage’

 

The ZNPP has been under Russian occupation since March 2022. The six reactors were shut down a month after Moscow’s occupation, but the facility still requires electricity to maintain cooling and prevent a nuclear incident.

Russian troops reportedly struck a power line on Sept. 23, severing the plant’s connection to Ukraine’s electrical grid. This marks the 10th and longest blackout at the plant since Russia’s full-scale invasion began in 2022.

While Russian state media blame Ukraine for the strike, Greenpeace Ukraine published an investigation on Oct. 1, saying that there is no evidence of any military strikes around the pylons and power line network at the ZNPP. Greenpeace nuclear expert Jan Vande Putte told the Kyiv Independent that Russia can repair the line "in a matter of hours."

"But they don't do that. They created the crisis, and they want to manage it as a political strategy. It's a very precise sabotage," Vande Putte said.

President Volodymyr Zelensky expressed a similar sentiment, writing in an Oct. 1 social post that "Russia is deliberately creating the threat of radiation incidents, taking advantage, unfortunately, of the weak position of the IAEA and its director, Rafael Grossi, as well as the distraction of global attention."

Zelensky's statements came after a Russian attack on an energy facility in the town of Slavutych in Kyiv Oblast, which caused a several-hour blackout at the Chornobyl Nuclear Power Plant on Oct. 1.

 

’Nuclear blackmail’

 

While ZNPP "is not going to blow up tomorrow," the situation is serious in a long-term perspective, Vande Putte said. 

"They (Russians) can let the crisis get worse. (...) They can move closer and closer to that point over the coming week, and to have that kind of nuclear blackmail. That's their strategy," he added.

Dmytro Orlov, Energodar mayor, who lives in Ukraine-controlled territory, told the Kyiv Independent that at the start of the Russian occupation, the power plant remained fully operational.

"But they pressured the staff to the point that there was almost no one left to work there," he said. "All the equipment was shut down, is not being repaired, and is deteriorating. And the station has been turned into a military base."

"The nuclear power plant is no longer used as an energy facility, but is used exclusively for military purposes, and the goal is clear — international pressure. The occupiers are doing this (provocations) to use nuclear blackmail against the whole world," Orlov added.

An investigation by the Truth Hounds and Greenpeace Ukraine published on Sept. 24 detailed Rosatom's role in pressuring plant staff,  including torture, "including beatings, electrocution, sexual violence, mock executions, and threats to family members of detainees." Rosatom, the Russian nuclear giant, became ZNPP’s operator after the occupation.

The report indicated that 78 staff members were unlawfully detained, while six were "tortured to death."

Meshkati suggests that Russia’s actions at the power plant could be a negotiating tactic.

"Nuclear plants are too important to be used as a bargaining chip or for political horse-trading or power plays. They are really too dangerous. If something goes wrong, everybody, the friend and foe, will be hurt equally," Meshkati said.

Foreign Minister Andrii Sybiha said on Oct. 2 that Russia deliberately cut power to the Zaporizhzhia nuclear power plant as it's preparing to reconnect the facility to its own energy system.

Greenpeace Ukraine published a report on Sept. 27 that used satellite imagery and Rosatom’s reports indicating  that Russia wants to restart one of the reactors, and reconnect the grid to the occupied territories and eventually to the Kremlin.

Vande Putte also suggests that Russia’s motivation is based "not so much for electricity reasons, but for military and political reasons."

It's the way for them to say clearly "this is Russian territory, it's our nuclear power plant," Vande Putte said.
 

EU reaction


In a statement issued by the International Atomic Energy Agency (IAEA)chief Rafael Grossi said that the U.N. agency is "in constant contact with the two sides with the aim to enable the plant’s swift re-connection to the electricity grid."

The EU has called on Russia to "immediately cease all military operations around the nuclear plant" and enable the repairs. In a Sept. 30 statement, the bloc's diplomatic service denounced Russian occupation of the plant as illegal and urged Moscow to withdraw its forces.

The Zaporizhzhia plant has faced repeated safety concerns since Russia’s invasion, including power outages, nearby shelling and staffing shortages. A monitoring mission from the International Atomic Energy Agency (IAEA) has been stationed at the ZNPP since September 2022, but Russian authorities have frequently restricted its access.

Constellation Energy Corporation (NASDAQ:CEG) factored into the discussion surrounding speculative stocks. Quantum computing and nuclear stocks were two categories that Cramer was worried about during the show. For nuclear power, he asserted that these projects have long development timelines. Constellation Energy Corporation (NASDAQ:CEG)’s shares have gained 37% year-to-date, and the firm has benefited from big tech’s push to use nuclear power for AI data centers. Cramer discussed the share price:
 

https://finance.yahoo.com/news/bofa-cuts-nuclear-stocks-valuation-124526170.html

Investing.com

BofA cuts nuclear stocks on valuation concerns

Sam Boughedda

 1 min read

Investing.com -- Bank of America has downgraded Oklo and NuScale, warning that valuations for the two U.S. small modular reactor (SMR) developers have run “ahead of reality.”

In a research note, BofA cut Oklo to Neutral from Buy and lowered NuScale to Underperform from Neutral. “Valuations now embed deployment ramps and discount rates we view as unrealistic at this stage of SMR adoption,” the analysts wrote.

Their reverse discounted cash flow models, using a 14% discount rate, imply 15.5GW for Oklo and 34.7GW for NuScale by 2040, levels that are “44%/92% above each company’s base case forecast.”

BofA added that “on a combined basis, this totals ~50GW, or ~7% above the 47GW global unrisked SMR pipeline tracked by Wood Mackenzie.”

At current levels, Oklo trades at 16.9x/10.8x 2032/33E EV/EBITDA and NuScale at 11.9x/10.6x, with implied discount rates “well below our 14% sector assumption.”

Price objectives were revised to $117 for Oklo, up from $92, and to $34 for NuScale, down from $38.

“While we remain positive on the long-term nuclear theme, current valuations leave little room for error and the near-term risk/reward skews negative,” BofA said.

The bank also flagged execution and fuel risks. For Oklo, bulls point to “political backing and vertically integrated build-own-operate model,” but bears highlight capital intensity, fuel supply concerns, and questions over cost targets.

For NuScale, BofA cited concerns over supply chain costs, reliance on ENTRA1, and “credibility risk if no firm projects emerge.”

With short interest elevated in both stocks, BofA concluded that “cycle markers suggest the AI trade may be entering later stages.”

Pages