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2008-09 Seminars


Fueling the Future of Nuclear Power

Joe Belechak
Westinghouse Nuclear Fuels

Abstract
As the possibility and probability of a resurgence in nuclear power emerges, it is imperative that there be a robust, reliable and economical fuel supply available. Today, the nuclear fuel value chain represents billions of dollars in products and services. The current market has excess capacity and downward pressure on pricing yet the suppliers face a significant challenge from our customers and their regulators to dramatically improve product quality to a "flawless" level. But, the increase in demand that will help improve capacity utilization and margins, will not materialize for 5-10 years. The challenge we face as an industry sector is how to improve the viability, profitability and performance of the business during a time of downward pressure on pricing and slow to no growth so that there is ample capacity to meet the longer term anticipated demand that will be created downstream in the nuclear renaissance.