DOE Loans $1.5B for Carbon Sequestration Fertilizer Project

The Department of Energy last week announced it has made a conditional commitment for a loan guarantee of up to $1.559 billion to Wabash Valley Resources (WVR) for a West Terre Haute fertilizer development. 

WVR intends to pipe and inject 1.67 million tons of carbon dioxide annually a mile below the surface as part of its plan to produce “low-carbon-intensity” anhydrous ammonia fertilizer at a former coal gasification plant in Vigo County, Ind. WVR aims to produce 500,000 metric tons of anhydrous ammonia annually. 

The $1.559 billion would be part of a total investment of $2.4 billion WVR would secure through private investment. 

More: Indiana Capital Chronicle 

DOE Picks NextEra for Solar Project on Nuclear Repository

The DOE last week announced it has chosen NextEra Energy Resources Development to design a 150-MW solar farm at a nuclear repository in New Mexico. 

The project, which would also have 100 MW of storage, would be located on up to 1,800 acres at the Waste Isolation Pilot Plant.

More: Axios 

NRC Approves Renewals for Turkey Point

Florida Power & Light Company last week said the Nuclear Regulatory Commission approved a license renewal for two of its Turkey Point nuclear plant units for another 20 years.  

FPL said licenses for Units 3 and 4, both located south of Miami, have been extended through 2052 and 2053, respectively. 

FPL said nuclear power accounts for 20% of its fuel mix and is the second-largest energy source in the state. 

More: Reuters 

NRC Says Palisades Needs More Inspecting, Repairs

The NRC last week said the Palisades Nuclear Power Plant will need more inspections, testing and repairs on its steam generator regarding the reopening of the plant. 

The NRC said it is evaluating the data and assessing Holtec’s plans to correct the conditions. 

Earlier this year, the federal government announced a $1.5 billion conditional commitment to support the reopening of Palisades. 

More: WOOD