Putin’s invasion of Ukraine threw energy prices into chaos. Now, the price of a key metal is surging

Water vapor rises from the cooling tower of a German nuclear power plant. Nuclear power is having something of a moment right now. After years of being called too expensive and too dangerous, a mounting energy crisis kick-started by Putin’s invasion of Ukraine is forcing countries to reconsider their plans to rid themselves of nuclear energy. Even nations …

Coal plant sites could host 265 GW of advanced nuclear, costing 35% less than greenfield projects: DOE

About 80% of operating and recently retired coal-fired power plant sites could host an advanced nuclear power reactor, with nearly 265 GW in total potential nuclear capacity, according to a Department of Energy report released Tuesday. Using transmission, switchyard facilities and other infrastructure at the coal plant sites could reduce the overnight cost of capital of a nuclear facility by …

Uranium rallies as energy crisis puts nuclear power in focus

Shares in Canada’s Cameco, the world’s second-largest uranium producer, are close to a record high after rising almost 30% since the middle of August Uranium prices have surged to their highest level since Russia’s invasion of Ukraine sent convulsions through commodities markets, as the European energy crisis fuels bullish bets on the future of nuclear …

T.FCU Drilling Increases Indicated Resources by 21% Tonnes & 12.3% Pounds U3o8; Remains on Schedule to Complete Feasibility Study in Q4, 2022

FISSION URANIUM CORP. (” Fission ” or ” the Company “) is pleased to announce the results of an updated independent resource estimate for the Triple R deposit, which includes the R1515W, R840W, R00E, R780E and R1620E zones at its 100% owned, Patterson Lake South (PLS) property in Canada’s Athabasca Basin region. Total Indicated tonnes have increased by ~21.3% ( ~472,000 tonnes) compared to the previous Mineral …

Did the U.S. Nuclear Energy Sector Just Have Its Best Month Ever?

VOYGR NuScale Power Plant rendering The short answer is yes! #Nuclear was actually trending on Twitter on August 3 following a series of positive developments within the nation’s nuclear energy sector. From President Joe Biden signing the historic Inflation Reduction Act (IRA) into law to the certification of the first U.S. small modular reactor, nuclear …

Several ‘moving parts’ as Palisades owner seeks to reopen SW Mich. nuclear plant

Palisades Power Plant in Covert. The odds of a Southwest Michigan nuclear plant coming back to life after recently closing have improved as the owner pursues targeted federal funding for distressed nuclear facilities. Palisades nuclear plant owner Holtec International in early July applied for funding under the Civil Nuclear Credit Program, a $6 billion U.S. …

Oliver Stone on Nuclear Energy: ‘We Need to Get Away From Mentality of Fear’

Presenting his latest documentary, “Nuclear,” at the Venice Film Festival, director Oliver Stone reflected on the climate crisis with an uncommon tone – optimism. “[We need to] get away from that mentality of fear,” Stone said from a press conference just before his film’s world premiere. “Like everyone else, I saw ‘An Inconvenient Truth’ in 2006, and it …

Construction of Lufeng 5 gets under way

The first safety-related concrete has been poured for the nuclear island of unit 5 at the new Lufeng nuclear power plant, China General Nuclear (CGN) has announced. It marks the official start of construction of the first of two HPR1000 (Hualong One) pressurised water reactors planned at the site in China’s Guangdong province, where the …

Whitmer Announces Plan with Holtec to Reopen Palisades Plant

Gov. Whitmer Announces Plan with Holtec to Reopen Palisades Plant, Protect 600 Jobs, Shore up Clean, Reliable Energy Production in Michigan Governor sends letter to Department of Energy voicing support for Holtec International’s application for federal funding to save plant in southwest Michigan LANSING, Mich. — Today, Governor Gretchen Whitmer sent a letter to the U.S. Department …