Once upon a time, enrichment was a government monopoly—at least outside the Soviet bloc. But the United States, eager to get out of the field, was convinced that the private sector could do it better. Now, the West is dependent on the Soviets’ successors and is facing an uncertain supply, a complication of the Russian …
Nuclear operators in North America are looking to take advantage of generous clean hydrogen subsidies to diversify and help pay the bills. Generation workhorses, such as Bruce Power’s Nuclear Generating Station in Ontario, Canada and Constellation’s Nine Mile Point Nuclear Station in New York, as well as fourth generation reactor developers, such as Terrestrial Energy, consider themselves …
The government intends to accelerate the construction of nuclear power reactors in the southeastern North Gyeongsang county of Uljin that was suspended under the previous Moon Jae-in administration’s nuclear phase-out policy. Second vice energy minister Kang Kyung-sung, who checked up on the construction of Shin Hanul Numbers Three and Four reactors on Thursday, called for …
Nuclear could provide up to 150 GWe of generating capacity by 2050 in the European Union, according to a statement issued by 16 European countries following a meeting in Paris with European Commissioner for Energy Kadri Simson. The so-called Nuclear Alliance called on the European Commission to recognise nuclear energy in the EU’s energy strategy …
Many European nations are reinvesting in or reconsidering nuclear power after years of declining use, as Moscow’s full-scale invasion of Ukraine last year exposed the region’s reliance on Russian energy. Finland opened a new nuclear power plant last month, sending electricity prices down by 75%. France just passed a law accelerating the construction of new reactors, while …
Building a nuclear power plant is a difficult job. It takes years of planning and sometimes more than a decade to complete. The risk of schedule delays is great, especially on first-of-a-kind projects, and the financial implications of such setbacks can ruin a company. Yet, the Tennessee Valley Authority’s (TVA’s) president and CEO, Jeff Lyash, …
NuScale Power has signed a memorandum of understanding (MoU) with North American steel manufacturer Nucor Corporation to explore the deployment of NuScale’s VOYGR small modular nuclear reactor (SMR) power plants at Nucor’s scrap-based Electric Arc Furnace (EAF) steel mills. As part of the MoU, the companies will evaluate site suitability, transmission interconnection capabilities and capital …
The sale of a stake in a massive new uranium mine to Russia prompted an exodus of senior managers at Kazakhstan’s state-run miner. The deal for part of the Budenovskoye mine, projected to become the world’s biggest source of the radioactive metal, to Russia’s nuclear power monopoly, Rosatom, went through at the end of last …
Momentum grows for banning Russian imports of uranium used in nuclear fuel Legislation to ban Russian uranium imports is gaining momentum on Capitol Hill, as lawmakers look to further punish Moscow for invading Ukraine. Yet the United States remains heavily reliant on Russia for uranium, the main fuel used by nuclear power plants – yet …
U.S. Energy Secretary Jennifer Granholm said she is “hopeful” about pending loan applications to fund the restart of the closed Palisades nuclear plant in Michigan. If approved, the approximately $1 billion in federal loans could help pay for the power plant to become the first U.S. nuclear reactor to restart after powering down. Lawmakers …
