Nuclear energy a job creator poised for growth, says conference keynote

VC Summer Plant Vogtle Watts Bar nuclear power plant Nuclear Energy Institute NEI new builds job creator

By Denver Nicks, Associate Editor, Nuclear Power International

In his keynote address to the 550 industry leaders in attendance for the Nuclear Energy Institute’s Nuclear Energy Assembly, NEI CEO Marvin Fertel hailed nuclear power as a job creator with a bright future.

Fertel pointed to the completion of basemats at the new reactors under construction in Georgia and South Carolina—which are 40 percent complete—as evidence that nuclear power has a key place in our national economy and energy future.

“These are the largest construction projects in their states, and they are driving direct employment for nearly 4,000 workers, twice that during peak construction,” said Fertel. “The projects also are creating ancillary jobs across America in component manufacturing, modular construction and other services. The projects in Georgia and South Carolina will support about 35,000 US jobs, according to analysis by Westinghouse and the Shaw Group,” he said.

Fertel said that as the economy rebounds construction of nuclear facilities is expected to expand beyond the five reactors under construction today in Georgia, South Carolina and Tennessee.

“Ten applications for construction and operating licenses and two for early site permits are under Nuclear Regulatory Commission review. We don’t expect construction on those projects to start until later this decade, but we do expect more new reactors to be built as electricity demand recovers.

Fertel pointed to industry policy priorities to improve nuclear power’s future, like advancing research and development into new reactor technology, including small modular reactors, maintaining focus on smart safety measures, including continuing to implement lessons from Fukushima, developing a sensible and workable national strategy for managing used nuclear fuel in the US, and enhanced US government advocacy of the nuclear energy trade worldwide.

“The global nuclear technology market is a major opportunity for US vendors and suppliers. The Commerce Department estimates the commercial opportunity over the next decade may be worth as much as $740 billion,” Fertel said. “If US suppliers were able to capture nominally 25 percent of this market, it would create or sustain up to 185,000 high-paying American jobs.”

Subscribe to Nuclear Power International magazine

Sponsored by FLSmidth

Related Articles

Two Chinese nuclear reactors reach project milestones

Two nuclear power reactors in China were connected to the power grid and achieved first criticality.

Nuclear safety modernization project to be finished by year-end 2015

A safety modernization program at a Swedish nuclear power unit is expected for completion by the end of 2015.

Follow Power Engineering on Twitter
Latest News
China US nuclear deal passes congressional review

US-China nuclear agreement passes congressional review

An agreement allowing American involvement in China's civilian atomic industry is set to be r...
NRC special inspection at Honeywell uranium hexafluoride leak

NRC begins special inspection at uranium enrichment facility

The U.S. Nuclear Regulatory Commission (NRC) launched a special inspection at a uranium conve...
House GOP says they have votes against Iran nuclear deal

House GOP says it has the votes to disapprove of Iran deal

House Republicans said Monday that they have the GOP votes to disapprove of the Iran nuclear ...
Winners and losers in Clean Power Plan Associated Press

Who wins and loses under Obama's stricter power plant limits

President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants t...
Olkiluoto 3 construction delay claims increased

Companies update claims over Finnish nuclear project delays

The Areva-Siemens consortium and Finnish utility Teollisuuden Voima Ovj (TVO) have both incre...
DOE opens funding for advanced nuclear reactor R&D

DOE opens funding for advanced nuclear R&D

The U.S. Energy Department (DOE) released a funding opportunity for research, development and...
Rosatom to build nuclear power plants in Vietnam

Rosatom plans construction of nuclear power units in Vietnam

Russia state-owned Rosatom signed a general framework agreement with Electricity of Vietnam (...
Regulators approve modified plans for Carlsband Energy Center

Regulators approve modified natural gas-fired power plant plan

The California Energy Commission (CEC) approved amendments for construction of a planned natu...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

Yuma Energy, Inc. to Present at EnerCom's The Oil & Gas Conference

Yuma Energy, Inc. to Present at EnerCom's The Oil & Gas Conference

SCI Engineered Materials, Inc. Reports Second Quarter 2015 Results

SCI Engineered Materials, Inc. Reports Second Quarter 2015 Results

National Grid US Applauds EPA's Clean Power Plan

National Grid US Applauds EPA's Clean Power Plan

Statement by California ISO President and CEO Steve Berberich

Statement by California ISO President and CEO Steve Berberich

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>