Norcross, Georgia-Successful completion of several important spent fuel storage and transportation projects and steady progress in licensing its promising new MAGNASTOR® technology have NAC International looking to the future with optimism, NAC Vice President Charles Pennington told a nuclear industry conference last week.
Speaking before the Spent Fuel Management Seminar in Washington, DC, sponsored by the Institute of Nuclear Materials Management
reviewed key developments in 2004, which included NAC's
acquisition in November by USEC Inc.
(NYSE: USU), the Bethesda, Maryland-based uranium enrichment firm.
Key NAC achievements included:
is pleased to have its proven spent fuel rail transport cask technology deployed in a transportation program such as the China
project, which is remarkably similar to what will be required by the Department of Energy
for moving U.S. spent fuel to Yucca Mountain," Pennington
also described NAC's new MAGNASTOR
spent fuel technology, which is under review for certification by the U.S. Nuclear Regulatory Commission
The MAGNASTOR System
offers key design improvements over existing technologies, such as increased fuel assembly storage capacities (37 for pressurized water reactors; 87 for boiling water reactors), capability to handle enrichment assays of up to 5%, and storage and transport of high burnup fuel with short cooling times.
Certification is expected by 2006.
"The new MAGNASTOR technology will accommodate the evolving needs of our utility customers," Pennington
"We expect its expanded capacities, new design features, and optimized loading operations will increase productivity, improve costs and personnel exposures, and save time."
added, "The MAGNASTOR System
perfectly positions us for the anticipated expansion of nuclear power, and our recent acquisition by USEC
sets the stage for our future growth."