China to nearly double nuclear power capacity by 2040 in rapid build-up

The reactor-building spree would make China by far the world’s largest nuclear power generator, while the US strives to revive its own industry China will nearly double its nuclear power capacity by 2040, making it by far the world’s largest nuclear power generator, according to a new report by the China Nuclear Energy Association (CNEA). …

Government Eyes Closer Energy Cooperation with Canada

“It is in Hungary’s strategic interest to cooperate as closely as possible with Canada, as it is the world’s second largest country in terms of area, with vast untapped natural resources and energy potential,” according to a statement issued by Levente Magyar, Parliamentary State Secretary for Foreign Affairs and Trade in Toronto.  Following the talks, …

Slovakia Near Deal With US for Westinghouse to Build Nuclear Reactor, PM Fico Says

  Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday. Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet …

Kazakhstan and China to co-develop transboundary uranium field

Kazakhstan and China plan to co-develop a transboundary uranium field, Kazinform News Agency reports. The Satbayev Institute of Geological Sciences, China University of Geosciences (Beijing), the China National Nuclear Corporation (CNNC) and Xiamen Wanli Stone Co., Ltd signed a framework agreement on joint comparative research of transboundary strategic ore belts between Kazakhstan and China, Kazakh …

NexGen Releases 2024 Sustainability Report

NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (“NexGen” or the “Company”) is proud to announce the release of its 2024 Sustainability Report (“the Report”) that covers the period January 1, 2024, to December 31, 2024. The Report marks the fifth year that NexGen has reported on the Company’s robust Environmental, Social, and Governance profile. In …

Sprott Physical Uranium Trust Announces Upsized US$200 Million Bought Deal Financing

Sprott Inc. (NYSE: SII) (TSX: SII) (“Sprott“) on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust“) is pleased to announce that as a result of strong investor demand, the Trust has amended its agreement with Canaccord Genuity Corp. (the “Underwriter“), pursuant to which the Underwriter has agreed to purchase 11,600,000 units …

Uzbekistan to Build Two Nuclear Power Plants: Six Small Modular Reactors and a New Two-Unit NPP

Uzbekistan to Build Two Nuclear Power Plants: Six Small Modular Reactors and a New Two-Unit NPP The nuclear power project in Uzbekistan, implemented in cooperation with Russian state corporation Rosatom, has been restructured and expanded to include both small-scale and large-scale nuclear facilities, according to the Ministry of Economic Development of the Russian Federation. “Last …

Indonesia poised to launch nuclear power plants by 2030s: Expert

An energy expert has expressed his confidence that Indonesia is ready to begin constructing nuclear power plants (PLTN) and have operational units by early 2030s, citing the legal and institutional infrastructure is in place and the country has sufficient technical expertise to manage nuclear energy safely and effectively. “Indonesia is ready, eligible, and safe to …

Commission assesses nuclear investment needs by 2050 in view of decarbonisation and competitiveness goals

Dan Jørgensen, Commissioner for Energy and Housing Delivering Member States’ plans regarding nuclear energy will require significant investments, of around €241 billion until 2050, both for lifetime extensions of existing reactors and the construction of new large-scale reactors. Additional investments are needed for Small Modular Reactors (SMRs), Advanced Modular Reactors (AMRs) and microreactors and in fusion for …

World Bank lifts ban on nuclear energy financing

The World Bank is re-entering the nuclear energy space “for the first time in decades,” its President Ajay Banga said Wednesday, as it works towards meeting growing electricity demand in developing countries. Banga said in an email to staff that the bank will work closely with United Nations nuclear watchdog, the International Atomic Energy Agency …