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https://www.pravda.com.ua/eng/news/2024/04/17/7451608/

Ukraine to manufacture components for small modular reactors

ECONOMICHNA PRAVDA — WEDNESDAY, 17 APRIL 2024, 10:56

Ukraine to manufacture components for small modular reactors

PHOTO: ENERGY MINISTRY

Ukraine will be manufacturing components for small modular reactors, as Ukraine's state nuclear energy regulator Energoatom and Holtec International have signed an agreement to that effect.

Source: Ukraine’s Energy Ministry

Quote: "The agreement involves the establishment of facilities in Ukraine for the production and manufacture of nuclear systems, structures, and components for small modular reactors, as well as storage and transport systems for spent nuclear fuel. It also covers other needs for the use of nuclear energy in Ukraine and other countries in the region," the ministry said.
 

The document was signed by Petro Kotin, Head of Energoatom, and Kris Singh, President and CEO of Holtec International, in the presence of Minister of Energy German Galushchenko. 

Kotin thanked Holtec for a successful cooperation over the years. 

"This agreement is important not only for Energoatom but also for Ukraine's entire energy sector and the domestic economy. It is the first step towards strengthening cooperation over many years. Establishing nuclear energy production facilities in the country will contribute not only to strengthening the country's energy security but also to Ukraine becoming a global leader in various areas of nuclear energy development," he said.

Kris Singh, in turn, called on the US Congress to help the people of Ukraine: "The signing of this Agreement was preceded by a devastating blow from Russia last Thursday to the power plant that supplies electricity to the Kyiv region. The Ukrainian defence, weakened by the inaction of Congress regarding the bill on financial assistance to the affected country, could not stop more than a third of the drones and missiles that destroyed the power plant. 

The restoring of the country's energy infrastructure must begin now to stop Putin's attempts to destroy Ukraine's energy capabilities completely," said the President and CEO of Holtec International.

Read also: Russia continues to destroy the Ukrainian energy infrastructure. What should Ukraine expect without thermal power plants?

Background: 

  • Energoatom has started a project to construct power units nos. 5 and 6 at the Khmelnytskyi Nuclear Power Plant (NPP) using American AP1000 technology by Westinghouse. The first concrete cube for power unit no. 5 has already been laid.

https://seekingalpha.com/article/4682242-nuscale-power-shows-too-many-red-flags?mailingid=34945002&messageid=must_reads&serial=34945002.2465351&utm_campaign=email_mr%3Aevergreen_lp_premium_test_eligible_feb2024%2B2024-04-05&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads_free_eligible

NuScale Power Shows Too Many Red Flags

Apr. 04, 2024 6:00 PM ET NuScale Power Corporation (SMR) Stock

Manuel Paul Dipold

Summary

  • NuScale Power is a company working on small-scale nuclear reactors, but there are red flags including an unclear timeline, competition, and a CEO who sold all his shares.
  • There are already functioning small modular reactors in Russia and China, with over 80 different designs worldwide, posing significant competition for NuScale.
  • NuScale's cash reserves are low, and the company will need new liquidity soon, while the CEO's sale of all his shares raises concerns.

Investment thesis

NuScale Power (NYSE:SMR) is working on what appears to be an exciting product that will probably be in great demand in the future: small-scale nuclear reactors. The story is good, but a closer analysis reveals several red flags, such as an unclear timeline, a lot of competition, soon-to-be-depleted cash, and a CEO who recently sold 100% of his shares.

Company overview

NuScale's IPO was in May 2022 and is headquartered in Portland, Oregon. The company researches a new kind of nuclear power: small and modular. The company describes its "VOYGR" light-water reactors as "the future of nuclear" and says they are suitable for power generation, hydrogen production, or water desalination. According to the company, the system is designed to be modularly expandable and only needs to be refueled with new uranium every 24 months. The modular design offers many advantages: Locally flexible, easily transported by ship, train, or truck, and very safe (according to the company). Further advantages are also summarised in this article from the International Atomic Energy Agency:

 

Given their smaller footprint, SMRs can be sited on locations not suitable for larger nuclear power plants. Prefabricated units of SMRs can be manufactured and then shipped and installed on site, making them more affordable to build than large power reactors, which are often custom designed for a particular location, sometimes leading to construction delays. SMRs offer savings in cost and construction time, and they can be deployed incrementally to match increasing energy demand.

What are Small Modular Reactors (SMRs)? (IAEA)

IAEA Large, modular and micro reactors

Large, modular and micro reactors (IAEA)

Nuclear industry overview

Nuclear energy has experienced a revival in recent years. It is now clear and becoming increasingly clear to the politicians responsible that renewable energies alone will not be enough. They are too volatile, and storing the surplus energy is not easy or expensive. Therefore, a constant base of continuously generated energy is needed. Nuclear energy is the ideal solution in combination with the endeavor to reduce CO2 emissions. In addition, nuclear energy is comparatively very safe regarding direct and indirect fatalities.

grams of CO2 per energy source
According to Statista, around 60 new nuclear power plants are currently under construction worldwide.
nuclear power plants in build 2024

The current state of SMRs

These are excellent prerequisites for small modular reactors. There is a general interest in nuclear energy, and its advantages are undisputed. If SMRs turn out to be more practical and cheaper to build or operate, these systems should have a golden future ahead of them.

However, many people are unaware of, and every interested reader of this article should know, that some SMRs are already in operation (in Russia and China), and many more are under construction or in planning. According to the IAEA, there are around 80 different designs worldwide. In other words, this area has massive competition, and some of the competition is already much more advanced than NuScale Power.

 

There are more than eighty (80) SMR designs under development and deployment at different stages in 18 Member States (...) The Akademik Lomonosov floating power unit in the Russian Federation with two-module KLT-40S was connected to the grid in December 2019 and started commercial operation in May 2020. The HTR-PM demonstrator in China was connected to the grid in December 2021 and is expected to reach full power operation by the end of 2022. The CAREM25 in Argentina is under construction and is expected to reach first criticality in 2026. The construction of ACP100 in China started in July 2021 and is targeted to start commercial  operation by the end of 2026. The construction of BREST-OD-300 in Russian Federation began in June 2021 and is planned to be completed in 2026.

"Advances in Small Modular Reactor Technology Developments" (IAEA´s 420-page booklet)

In this document, on page 12, there is a list of various systems and the stages of planning or construction they are at. Many systems originate from Russia or China, but numerous US-based systems also exist. Although many are still in the design phase and not yet beyond that, it shows that there could be intense competition in this area, so small companies with limited cash could have a hard time. Here is an excerpt:

Advances in Small Modular Reactor Technology Developments modular reactors
IAEA

In which phase are NuScale´s reactors?

According to this article from MIT Technology Review, the NuScale design for a reactor module that generates 50 MW of electricity has already been certified by the Nuclear Regulatory Commission (NRC). But during the certification process, NuScale´s engineers changed the design again so that in the future a module will produce 77 MW instead of 50 MW. I added the bold text below.

“We found that we could actually produce more power with the same reactor, the same exact size,” says Jose Reyes, cofounder and chief technology officer at NuScale. Instead of 50 MW, the company found that each module could produce 77 MW. So the company changed course. For its first power plant, which will be built at the Idaho National Laboratory, NuScale is planning to package six of the higher-capacity reactors together, making the plant capacity 462 MW in total. The upgraded power rating requires some adjustments, but the module design is fundamentally the same. Still, it means that the company needed to resubmit updated plans to the NRC, which it did last month. It could take up to two years before the altered plans are approved by the agency and the company can move on to site approval, Reyes says.

We were promised smaller nuclear reactors. Where are they? (MIT)

The above article is from 2023, so it fits the timeline in the latest investor presentation; the company writes that the new design should be approved by July 2025. Overall, it is still a slowdown for the company.

NuScale approval timeline

To summarise, this means that the latest design has not yet been approved, and even if it is approved, this does not mean that it will go online quickly after that. It is not yet clear when the first modules will be ready to produce energy and generate revenue (after all, this is what investors are waiting for). The company has previously discussed the middle of this decade, but I can't find any dates in the latest documents. For me, this means that the company itself does not know; otherwise, this would be stated in the investor presentation.

NuScale´s numbers and financial trends

Total expenses are on an upward trend, while revenues are tiny at this point. In 2023, they generated $22.8M, which "arises from engineering and licensing services provided to potential customers" (10-K page 41). Additionally, in 2023, the company earned $10.8M interest on its cash.

Chart

In the latest Investor presentation, the company states that the net loss was $56.4M in Q4 2023. The cash position is about $125M, which means the remaining cash will only be sufficient for 2 or 3 more quarters.

nuscale loss and cash

The number of fully diluted shares is 262.8M * $5.5 (current share price) = $1.45B market cap.

NuScale outstanding shares

As always, when there is no revenue but only the hope of a future business opportunity, it is tough to assess a valuation. Does the company deserve its $1.45B market cap? There is no clear yes or no answer to this question, but this is the figure that the current market attributes to the company. Therefore, this article focuses more on the general challenges and red flags that arise when analyzing the company. We are seeing that the market is slowly losing confidence in the company, and the stock is in a sustained downtrend, which is not surprising given the negative news, especially the issues I will mention in the next heading.

Chart

Share dilution, insider trades & SBCs

Given the above graphic about the fully diluted shares, we can see that only the Class A Shares are included below: those jumped in 2022 and continue to rise. Given the quarterly losses to date and the company's cash position, the company will need new liquidity quite soon, which could lead to more dilution for all existing shareholders.

Chart

These are all insider trades from the last six months. What stands out here is that the CEO, John L Hopkins, recently sold 100% of his shares. I have also not read any reports that he will soon give up his position as CEO or that there will be any other management changes. Of course, this sale could also have personal reasons that we are not aware of, but it is rare to see a CEO sell 100% of his shares.

SMR insider trades

openinsider

Conclusion

The analysis of this company reveals several red flags:

- The company's cash reserves are not particularly high, and the company will soon need new liquidity, so all indications are that the share dilution will continue

- The CEO has recently sold 100% of his shares

- The company gives no indication (at least not an obvious one) as to when the first system will be up and running, producing power and generating revenue

- The company states that business opportunities exist worldwide (Investor presentation page 5). A closer analysis shows that there are already functioning systems in several countries and massive competition in this area: there are more than 80 different SMR systems. I therefore doubt that these business opportunities exist worldwide: it is much more likely that NuScale will not be able to compete on price with the competition from Russia and China.

- The Q4 + full year 2023 presentation contains only 12 pages, and the latest general Investor presentation is only 22 pages. Also, the report in text form is very short. Overall, the potentials are discussed, as well as the need for clean energy and a growing energy demand. But there are not many hard facts with clear timelines.

- Overall, it is unclear how much potential there is on the market for small reactors and what long-term sales opportunities there are. These systems will still compete with larger nuclear reactors and renewable energy storage systems, which might become more and more attractive (due to falling prices) in the future. It is unclear if the combination of solar + storage might be cheaper in 2035. The point is, there are a lot of questions - too many for my taste.

So, what will happen to the share price? Given the almost unbroken downtrend of the past year and the many challenges this company seems to have, I think it will likely shed more of its $1.45B market capitalization. In my view, this is a shorting opportunity with an attractive risk/reward ratio.

Risks to my short thesis

There are general and company-specific risks to short-selling shares: Borrowing shares costs a percentage fee, which can be considerable, especially for smaller companies, and should be checked in advance. Theoretically, short-selling shares has infinite loss potential. Therefore, this stock market tool should be used very carefully and only if you are familiar with it. Regarding NuScale specifically, it could be that the future certification process goes faster than previously anticipated, which could lead to a sudden rise in the share price. Furthermore, it could be that the company achieves another technological breakthrough or wins a major contract from private companies or the government. A new partnership with another company would also be positive news for the company. Furthermore, the company has announced cost reduction measures to save $50M - $60M annually, which could lead to a lower cash burn and slower future share issuance.

All these possibilities could improve investor sentiment and lead to a sudden rise in the share price. Also, it should be noted that shares with a lower market capitalization are usually more volatile.

This article was written by

My focus is on a total return style with long and short positions (10-30% short positions). My main expertise is the current technological and geopolitical shift with the amazing investment opportunities they offer. Therefore, I always try to find stocks or whole sectors with favorable risk-reward structures. My long investment style is a core-satellite strategy: The core consists of large caps and/or ETFs. The satellites around this core are small caps, potential 10-baggers, and undervalued stocks. In short selling, I focus on overvalued stocks that will fall back down sooner or later. My name is Manuel Paul Dipold. Born in Germany but lived 8 years in Asia. I am myself an entrepreneur and have many entrepreneur friends. I am not a professional investor but it´s a hobby I love. So I know Europe and Asia very well and seek undervalued or high-growth stocks - always with valuation, geopolitical and social shifts in mind.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in SMR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Nuclear Regulatory Commission - News Release
No: I-24-006 April 15, 2024
CONTACT: Diane Screnci, 610-337-5330
Neil Sheehan, 610-337-5331
 
NRC Issues Order Imposing Fine to Puerto Rico Firm for Violation Involving Nuclear Gauge and Decommissioning
 
The Nuclear Regulatory Commission has issued an order imposing a $17,500 civil penalty against a Puerto Rico firm for failing to dispose of or transfer a portable nuclear gauge and complete decommissioning of its site within the required time period.
 
Almonte Geo Services Group, based in Toa Alta, was licensed by the NRC to own and possess portable gauges containing small amounts of radioactive material. The gauges are used for such purposes as measuring the density of soil at construction sites. The NRC determined that the company initiated decommissioning in December 2019, and, under agency requirements, should have completed the process within 24 months.
 
In an inspection report issued in June 2023, the NRC documented the apparent violation and proposed the fine in November 2023. The NRC is considering additional civil penalties since Almonte has not addressed the violation.
 
The NRC has verified that the gauge is being properly secured at Almonte’s facility to prevent unauthorized access or removal.
 
 
 
by  Bob Fitrakis and Harvey Wasserman
APRIL 10, 2024

Nuke and Randazzo.png

Sam Randazzo was once the Chair of the Ohio Public Utilities Commission.

Now, at 74, he’s dead by apparent suicide. 

As is the “Nuclear Renaissance.” 

Dating back many years, we often encountered Sam at energy hearings in Columbus. He was always personable and friendly as we exchanged handshakes and smiles. 

That we were totally on opposite sides of the issues was like an inside joke between us.

But he was there to lobby for the fossil/nuclear industry while we were demanding Ohio get its energy from wind and solar—which it could be doing today except for Sam and his corporate bankrollers’ highly effective often illegal back channel arm twisting.

Randazzo was always highly paid…TOO well paid, which is what led to his death in a Columbus warehouse owned by a shell company he controlled.

Apparently it was a suicide, though one can never be entirely sure when there are millions of bucks flying around in bribes. 

Because unbeknownst to us and even some of those paying him, Sam played both sides of the fence. 

According to the Ohio Capital Journal, Sam apparently "secretly skimmed millions from settlements FirstEnergy paid the big users to get them to go along with rate hikes for everybody else.”

Meaning that while Sam was on the payroll of the big industrial electrical consumers, he was also taking payoffs from the Akron-based FirstEnergy, with which they were negotiating for price breaks. 

The Journal says the "shady dealings between Randazzo and FirstEnergy... include secretly being a paid consultant for FirstEnergy while also serving as general counsel to industrial energy users who were trying to get a better deal from FirstEnergy.”

Randazzo was also indicted by state and federal authorities for his role in the biggest bribery scandal in Ohio history. 

That would be the $61 million FirstEnergy slipped to former Speaker of the Ohio House Larry Householder. Householder has been convicted of corruption and is now beginning a 20-year-sentence in federal prison. Neil Clark, another lobbyist involved in that flood of illicit money, is also dead by apparent suicide. Former FirstEnergy CEO Chuck Jones is among those indicted. 

Last year the FBI raided Randazzo’s Columbus home and walked off with boxes of documents. At primary issue was $4.3 million allegedly paid to Randazzo by FirstEnergy to help draft a bill—infamously known as HB6—meant to hand FirstEnergy more than $1 billion in bailouts for FirstEnergy’s Perry and Davis-Besse nukes.

The two reactors sit on Lake Erie...the first east of Cleveland, the second near Toledo...the pair a part of the failing US fleet of 94, all but two of which average 42 years of age.

In 2019, just after he apparently took that $4.3 million from FirstEnergy, Ohio Governor Mike DeWine made Randazzo Chair of the Public Utilities Commission (PUCO). DeWine was widely warned that Sam might not be entirely “clean.”

But once at the helm of the PUC, Randazzo made no secret of his well-known, well-paid enthusiasm for nuclear power and fossil fuels.

When citizen activists attempted to gather signatures for a referendum to overturn HB6, they were physically assaulted by paid toughs supporting atomic power. The referendum never made it to the ballot. 

But when FirstEnergy’s $61 million bribe became public, the bailout was put in abeyance. Ohio’s energy efficiency standards were still killed.

In 2014 the legislature had already killed $4 billion in confirmed private investments aiming to build wind farms across the state’s flat, windy, well-connected North Coast. 

The region by now could have been producing a substantial chunk of the state’s electricity at a fraction of the cost coming from the two nukes.

Still more could have been coming from off-shore turbines strung across Lake Erie, one of the world’s most powerful wind resources.

But with intense opposition from Governor DeWine and lobbyist/regulators like Randazzo, the state’s energy supply has remained at the expensive, planet-killing mercies of its two dangerously deteriorated nukes and Ohio’s dinosaur fossil fuel industry. 

Randazzo’s death accompanies that of new large atomic reactors in the US.

In the 21st century, two new reactors have opened at Vogtle, Georgia. Their cost has approached $40 billion, far more than double the original estimate. Neither will ever generate electricity anywhere near as cheap as wind or solar.

Likewise two more errant nukes at VC Summer in South Carolina, which sucked up $9 billion before being entirely abandoned, never to fire up at all. The four Vogtle/Summer mega-disasters combined to drive Westinghouse into bankruptcy. 

So while zealots hype a so-called “Nuclear Renaissance”, there are in fact ZERO new large atomic reactors being built in this country, and ZERO more on order.

In fact, the “Peaceful Atom”--- born in 1954 when construction began in Pennsylvania on what became a fleet of reactors promising electricity “too cheap to meter”---has come to an ignominious end.

So now the technology’s screamers are promising Small Modular Reactors, to allegedly be mass produced whenever.

In reality, nobody expects a working American SMR before 2030. Projected costs are already far in excess of renewables. Though the hype is thick, stock prices of NuScale, the most advanced of the SMR producers, have been plummeting as the company’s first major deal has collapsed. While other freebooters (including Bill Gates) line up at the federal pork trough, the industry’s delivery promises are essentially mythological. 

Thus for at least the next six years, when the need to cut carbon emissions from the energy picture is most desperate, the atomic industry has ZERO new reactors—big or small---to tangibly offer.

Instead, we all must watch in terror as the nuclear industry demands less regulation and more handouts for ill-managed, uninsured, dangerously decrepit reactors that average 42 years of age.  Demands are now flying to extend licenses for 60-80 years. But the only real question is which of these kamikaze nukes will blow up first.

And thus the tragic legacy of Sam Randazzo and his push to keep Perry and Davis-Besse corruptly on line comes full circle. The biggest bribery scandal in Ohio history skates along the edge of an apocalypse made virtually certain by prolonging operations at two incredibly dangerous money sucking dinosaur nukes, and their 92 dying siblings around the US, 400+ worldwide.

We mourn Sam’s passing. We pray his corrupt atomic legacy does not kill the rest of us.

————————————————————————————————

Bob Fitrakis & Harvey Wasserman have co-authored numerous books on election protection and other issues. Bob's Fitrakis Files and Harvey’s The People’s Spiral Of Us History are at freepress.org and solartopia.org. Most Mondays 5-7 pm ET they join the Green Grassroots Election Protection zoom via www.electionprotection2024.org. 
​​​​​​​

Nuclear Information and Resource Service

Dear Eric, 

Today we are reaching out to you with urgent news about the dangerous marriage of bills S. 1111 and H.R. 6544 and its potential impact on global nuclear expansion.

As you may know, these bills, if passed, would have devastating consequences for nuclear safety regulations, environmental protection, and global efforts to combat climate change. But perhaps most alarmingly, the union of these bills would pave the way for a significant expansion of nuclear power, worldwide.

We are urging you to take action today. Contact your representatives in Congress and urge them to oppose the union of bills S. 1111 and H.R. 6544.

Here's why:

Weakening Nuclear Safety Regulations: By promoting nuclear energy and reducing regulatory oversight, these bills would encourage the proliferation of nuclear power plants worldwide. This poses a grave risk to public safety and environmental health, as poorly regulated nuclear facilities are prone to accidents and radioactive contamination.

Encouraging Nuclear Energy Investments: The passage of these bills would mislead other countries by making it appear that nuclear energy is a viable and affordable option. This would incentivize countries worldwide to make bad investments in nuclear infrastructure, blocking renewable energy and leading to a proliferation of nuclear reactors, radioactive waste, and associated risks.

Ignoring the Lessons of History: We've seen the catastrophic consequences of nuclear accidents like Chornobyl and Fukushima. Yet, instead of learning from these disasters and transitioning to safer, renewable energy alternatives, these bills double down on nuclear power, putting communities worldwide at risk of similar tragedies.

The Reality Hasn’t Changed: nuclear power is too dirty, too dangerous, too expensive, and too slow. It won’t help us preserve a livable climate, and it won’t help other countries meet their energy needs. 

It's clear that the marriage of bills S. 1111 and H.R. 6544 is a dangerous proposition that threatens the safety and well-being of people and the planet. We cannot afford to stand idly by while the nuclear industry expands its reach and perpetuates its legacy of environmental destruction and human suffering.

Together, we can protect our communities from the dangers of nuclear energy and pave the way for a safer, cleaner, and more sustainable future.

Thank you for your continued support and advocacy.
  

Follow Us

TAKE ACTION!

Onward with action, 

The NIRS Team 

Diane D’Arrigo 

Denise Jakobsberg 

Tim Judson 

Ann McCann 

Donate
Nuclear Regulatory Commission - News Release
No: 24-023 April 10, 2024
CONTACT: Scott Burnell, 301-415-8200
 
NRC Makes Available TerraPower’s Construction Permit Application for Site in Kemmerer, Wyoming
 
The Nuclear Regulatory Commission has received a construction permit application from TerraPower seeking permission to build the company’s Natrium nuclear power plant near Kemmerer, Wyoming. The application is now available for public inspection on the NRC website.
 
TerraPower filed the application on March 28, requesting a permit to build the sodium- cooled, advanced reactor design on a site near an existing coal-fired power plant. The 345-megawatt electric Natrium plant includes an energy storage system to temporarily boost output up to 500 MWe, when needed. If the NRC ultimately issues the permit, TerraPower would need to submit a separate operating license application in the future to obtain permission to run the reactor.
 
The NRC staff is processing the application to determine if it has sufficient information to begin the agency’s safety and environmental reviews. If the application is determined to be complete, the staff will docket it and publish a notice of opportunity to request a hearing before the NRC’s Atomic Safety and Licensing Board.
 
Information about the regulation of new reactors is available on the NRC website. A copy of the TerraPower construction permit application will be available at the Lincoln County Library – Kemmerer at 519 Emerald St., in Kemmerer.
 
SUBJECT:  SUMMARY OF FEBRUARY 13, 2024, ENERGY SOLUTIONS MEETING
ON THREE MILE ISLAND STATION, UNIT-2 DECOMMISSIONING WITH
THE NUCLEAR REGULATORY COMMISSION
 
UN nuclear watchdog's board sets emergency meeting after Zaporizhzhia attacks
 
 
Reuters
 
April 9, 202410:36 PM EDTUpdated 13 hours ago
 
VIENNA, April 9 (Reuters) - The U.N. nuclear watchdog's Board of Governors will hold an emergency meeting on Thursday at the request of both Ukraine and Russia to discuss attacks on the Zaporizhzhia Nuclear Power Plant, after the enemies accused each other of drone attacks.
 
The International Atomic Energy Agency has said drones struck the Russian-held facility in southern Ukraine on Sunday, hitting one reactor building. It has not ascribed blame but has demanded such attacks stop.
Advertisement · Scroll to continue
 
Russia said on Tuesday that Ukraine had again attacked the plant with drones, for a third day. Kyiv said it had nothing to do with any such attacks, and any incidents were staged by Moscow.
Russia and Ukraine have repeatedly accused one another of targeting Zaporizhzhia since it was captured by Russian forces in the first weeks of Moscow's invasion of its neighbour in 2022; both sides deny attacking it.
 
All reactors are shut down at Europe's largest nuclear power station, located near the Ukraine war's front line, but it requires constant power to cool the reactors and prevent a potentially catastrophic meltdown.
In a confidential note to member states seen by Reuters on Tuesday, the chairperson of the 35-member IAEA Board said Ukraine and Russia had both written to him the previous day requesting an extraordinary meeting.
"I hereby notify the Members of the Board that a meeting of the Board has been arranged as follows: 3 p.m. (1300 GMT) on Thursday, 11 April 2024," the note said.
 
Russian and Ukrainian letters were attached to the chairperson's note. Russia said it wanted a meeting on "the recent attacks and provocations of the armed forces of Ukraine" against Zaporizhzhia. Kyiv said it wanted to discuss "the situation in Ukraine and the safety, security and safeguards implications".
 
The rules, opens new tabof the Board, the Vienna-based IAEA's top decision-making body that meets several times a year, state that any country on it can call a meeting. Both Russia and Ukraine are on the Board this year.
A Board meeting would be unlikely to bring clarity as to who was behind recent attacks.
 
The Board has passed four resolutions since Russia invaded Ukraine in 2022 condemning Russian actions against Ukrainian nuclear facilities. The most recent was last month, calling on Russia to withdraw from Zaporizhzhia.
Only China has joined Russia in opposing those resolutions. Diplomats said they had not heard of a push for a resolution on Thursday, which would be more difficult at such short notice.
The Reuters Daily Briefing newsletter provides all the news you need to start your day.  
 
Reporting by Francois Murphy; editing by Andrew Heavens, Philippa Fletcher, Mark Heinrich, Peter Graff

 
New signs providing information about emergency sirens posted in SLO County
 

SLO Early Warning System Sign
April 9, 2024 12:12 pm
Published  12:01 pm
 
SAN LUIS OBISPO, Calif. – San Luis Obispo County is in the process of installing updated signage providing information for its emergency early warning system.
 
The green and white colored signs include information in both English and Spanish and can be found in various high visible locations, including beaches, parks and other areas where people frequent.
 
"You can find them at parks and beaches, RV parks. hiking trails, pretty much anywhere that the public would go to recreate," said Kaitlin Munds, San Luis Obispo County Emergency Services Coordinator. "We added about 60 (new signs) throughout the area."
 
The signs inform visitors and locals if they hear a steady siren for three minutes, they should go indoors and tune into a local television or radio station.
 
"I really appreciate," said Sacramento resident Raquel Kennedy, while visiting Pismo Preserve on Tuesday morning. "I think it's very helpful because as tourists here, we wouldn't have known what the siren was about."

While the signs are posted in the Diablo Canyon Emergency Planning Zone, the sirens used in the early warning system, are in place to inform the public on several potential emergency situations, including fire, tsunami, dam failure, etc.

"They were put in place for Diablo Canyon Power Plant emergencies," said Munds. "However, we might use them in other emergency situations should, there be a need. However, because they are only in the emergency planning zone. there are other alert notification systems that we would use as well. depending on the situation."

Should the sirens sound, it indicates that the Emergency Alert System (EAS) has been activated, and emergency information will be provided on local radio and television stations.

In an effort to bring awareness about the new signs and the important information they provide, the San Luis Obispo County Office of Emergency Services has started a social media effort to get the word out.

The new signs replace older models that were colored plain brown and many times blended into the environment, but the new versions are more eye-catching and attention-grabbing.

For more information about San Luis Obispo County emergency planning, visit ReadySLO.org.

 
Below is a Fukushima City park sign, taken by Akemi, a single mother who had voluntarily evacuated from Fukushima City to Kyoto, over 500 km (310 miles) away, when she visited her parents’ home in Fukushima City in March 2013.
 
English translation.
 
Original sign.
 
More Fukushima stories. 

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