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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.
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