Dive Brief: While the Biden administration has indicated support for nuclear energy and advanced reactors, state policies valuing the resource continue to be necessary to keep existing plants on the grid, the Nuclear Energy Institute (NEI) said in its annual State of Nuclear Energy address on Tuesday. The nuclear industry group applauded the introduction of …
A group of seven European leaders fronted by French President Emmanuel Macron has called on the European Commission to stop hindering nuclear power and consider ways of bringing atomic energy into the EU’s green finance rule book ahead of an EU summit on Thursday (25 March). In a letter addressed to the EU executive, the …
BWX Technologies, Inc. (NYSE: BWXT) today announced a $28 million, 12-month contract award from the Department of Defense’s (DoD) Strategic Capabilities Office (SCO) for the final design of a transportable microreactor prototype under the second phase of its Project Pele initiative. SCO is partnering with the U.S. Department of Energy to develop, prototype and demonstrate …
Nuclear regulation requires “humbleness and openness”, Olivier Gupta, Director-General of France’s nuclear safety regulator, told OECD Nuclear Energy Agency Director General William Magwood in a WebChat yesterday. Gupta has been Director-General of the Autorité de Sûreté Nucléaire (ASN) since 2016 and has been chair of Western European Nuclear Regulators Association (WENRA) since 2019. “We …
The second VVER-1200 reactor at the Leningrad nuclear power plant in western Russia began commercial operation today. Leningrad II-2 is the fourth VVER-1200 in operation in Russia and beings the total number of nuclear power units in the country to 38. The VVER-1200 has a 200-megawatt bigger capacity than, and a design life twice as …
Summary “We still think we are a long way from the exit” says Brian Laks from Old West Investment Management, a firm which launched a fund focused on the uranium opportunity. We catch up almost a year later after our first interview and a strong rally in uranium equities, as institutional investors have been entering …
Russia will help Armenia extend the life of its nuclear power plant in Metsamor for another 10 years, according to the director of the station. Addressing a conference in Yerevan on the development of nuclear energy in Armenia on March 18, Movses Vardanian said that a working group is being set up jointly with the …
Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12) is pleased to report on the successful completion of a Pilot Plant Program demonstrating the viability of the uranium recovery process detailed in the May 2020 Preliminary Economic Assessment (PEA) for the Dasa Project located in the Republic of Niger , West Africa . The Pilot Plant …
A group of South Korean firms has signed a partnership agreement with Egyptian state-owned construction company Petrojet to help train Egyptian employees for the planned El Dabaa nuclear power plant, which is to be built by Russia. A construction licence for the El Dabaa plant is expected to be issued in the second-half of 2021. …
Purepoint Uranium Group Inc. (TSXV: PTU) (“Purepoint” or the “Company”) is pleased to announce that it has entered into an engagement letter agreement (the “Engagement Agreement”) with Red Cloud Securities Inc. (“Red Cloud”) pursuant to which Red Cloud will act as lead agent and bookrunner to sell up to C$5.0 million in units of the …
