Wanna buy a small modular reactor company?

[kristopher]

BWC bailing out of SMRs?

Babcock & Wilcox to sell majority stake in mPower reactor venture

Jim Ferland, chief executive of Babcock & Wilcox, says the company remains committed to small modular nuclear reactors, but it thinks they can best be brought to the market with B&W as a minority partner.

John Downey
Senior Staff Writer-Charlotte Business Journal

The Babcock & Wilcox Co. (NYSE:BWC) plans to sell up to a 70 percent stake in its Generation mPower joint venture by mid-2014, reducing the Charlotte-based company’s share of the small modular reactor manufacturing project to 20 percent.

And CEO Jim Ferland says he expects that will mean a sale of the intellectual property B&W has developed on the 180-megawatt reactor. He outlined the company's plan during a conference call with analysts Wednesday morning.

That may involve selling a majority stake to a single investor and selling smaller shares to strategic partners with expertise in different parts of the nuclear industry as Generation mPower files with federal regulators next year to get the new technology licensed...

http://www.bizjournals.com/charlotte/blog/power_city/2013/11/babcock-wilcox-looks-to-sell.html

[bananas]

1. LOL - Rod Adams worked on that POS

This is the kind of "intellectual property" they're trying to sell:

http://theenergycollective.com/rodadams/53997/stop-worrying-about-spent-fuel-pool-fires-zirconium-tubes-do-not-burn

Stop Worrying About 'Spent' Fuel Pool Fires. Zirconium Tubes Do Not Burn

Posted March 20, 2011 by Rod Adams

The contents of this post were incorrect. I acknowledge the error and apologize.

With that kind of incompetence, I wouldn't want to be anywhere near one of these things.

Who knows what else he and his fellow incompetents got wrong.

Discussed here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=115x288023

[bananas]

2. For those who don't know: IAEA Letter Confirms Spent Fuel Pool Fire At Fukushima 4 in 2011

Posted here: http://www.democraticunderground.com/101675165

http://nukefree.org/iaea-letter-confirms-pool-fire-fukushima-4-2011

IAEA Letter Confirms Pool Fire At Fukushima 4 in 2011

http://jornalggn.com.br/sites/default/files/documentos/letter_-_summary_of_reactor_unit_status_at_2011_15-march_daiichi_unit_4_radiation_utc1_2.pdf

The signed letter says:

IAEA
International Atomic Energy Agency

INCIDENT AND EMERGENCY CENTRE

Subject: Release of radioactivity from Unit 4 of Fukushima Daiichi nuclear power plant

At 04:50 UTC on 15 March 2011 the IAEA was informed by the Japanese authorities that the spent
fuel storage pond at Unit 4 of the Daiichi nuclear power plant is on fire and radioactivity is being
released directly into the atmosphere. Dose rates up to 400 millisievert per hour have been reported
at the site. There is the possibility that the fire has been caused by a hydrogen explosion.

The IAEA has contacted the World Meteorological Organization and has asked that the results of
atmospheric models be circulated to all Member States.

The IAEA will issue further information as soon as it becomes available.

Günther Winkler
Emergency Response Manager
15-March-2011 05:10 UTC
IAEA Incident and Emergency Centre