PRZOOM - /newswire/ -
Wilmington, NC, United States, 2014/11/06 - The U.S. Department of Energy (DOE) has selected GE Hitachi Nuclear Energy (GEH) to lead a research and development project to support advanced reactor technology development - GEHitachiPRISM.com. NYSE: GE
GEH will receive a multi-million dollar federal investment to develop an updated safety assessment of the company’s PRISM sodium-cooled fast reactor.
The research investment is part of a program through which DOE partners with industry in developing next generation nuclear technology that has the potential to achieve significant advances in safety, efficiency and economics. The funding will enable GEH and Argonne National Laboratory to partner in developing and modernizing next-generation probabilistic risk assessment methodologies for PRISM.
Probabilistic risk assessments examine how the pieces of complex systems work together to ensure safety. The assessments allow risk to be quantified in order to identify factors that could potentially impact safety. This effort will build upon assessments of PRISM that were developed in the early 1990s.
“PRISM is an exciting technology that has the ability to close the nuclear fuel cycle,” said Jay Wileman, GEH Senior Vice President, Nuclear Plant Projects. “Updating the safety assessment of PRISM will be important in supporting licensing efforts worldwide.”
The PRISM high energy neutron reactor design uses a series of proven, safe and mature technologies to recycle nuclear waste reprocessed uranium and unused fuel from past nuclear reactor programs while generating carbon free electricity. The reactor can disposition plutonium stockpiles and harness the remaining energy potential of spent nuclear fuel and surplus plutonium.
In 2013, DOE authorized a $1 million research investment for GEH to develop new insulation material for the PRISM electromagnetic coolant pump. This project is expected to conclude successfully next year.
In January 2014, the United Kingdom Nuclear Decommissioning Authority (NDA) noted that, on the information provided, PRISM’s fourth generation nuclear power technology was considered a “credible option” for managing the nation’s plutonium stockpile. In July 2014, GEH and Iberdrola Generación Nuclear S.A. entered into a Memorandum of Understanding to cooperate towards further advancing the proposal for UK deployment of PRISM.
GEH Selected for Advanced Reactor R&D Project
PRISM (gehitachiprism.com) is based on the successful Experimental Breeder Reactor II that began operating in 1964, as well as on the Advanced Liquid Metal Program, which lasted for 10 years.
About GE Hitachi Nuclear Energy
Based in Wilmington, N.C., GEH is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a part of a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.