India seeks $26 billion of private nuclear power investments

India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don’t produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less …

Uranium Price Returns to Triple Digits (T.U.UN)

Key Takeaways The resurgence in uranium markets continued into January, with the U3O8 uranium spot price gaining 10.96%, climbing from US$91.09 to $101.08 per pound, marking a crucial milestone. Kazatomprom’s announcement that it would not meet 2024 production increases was the biggest catalyst for the upward trend. The company cut its guidance for 2024 production …

Rolls-Royce looks at viability of quantum computing in nuclear safety

The manufacturing firm is one of several participating in a Digital Catapult programme looking at industrial applications for quantum computing Rolls-Royce plans to use quantum computing to figure out how to run nuclear power plants remotely. Through the Quantum Technology Access Programme (QTAP), the manufacturer aims to build small, autonomous nuclear reactors that could operate safely …

Failed Carbon Free Power Project can pave the way for future successes in new nuclear

Utah Associated Municipal Power Systems couldn’t bring its plans for the Carbon Free Power Project to fruition, but its CEO/General Manager Mason Baker hopes the lessons his agency learned in trying to bring a first-of-its-kind small-modular reactor facility online will pay dividends for those who follow. Baker addressed the Leadership In Nuclear Energy Commission on …

Senate bill, joint resolution continue push to make Ky. nuclear-ready

A new bill introduced in the Kentucky Senate this week would create a group to support the development of nuclear energy in the state. Senate Bill 198 would formally establish the Kentucky Nuclear Energy Development Authority, which would be administratively attached to the University of Kentucky’s Center for Applied Energy Research. Senate Joint Resolution 140, also …

Slovakia’s SMR timescales outlined as Project Phoenix gets under way

A feasibility study, as part of the US-funded Project Phoenix, is looking into the potential for small modular reactors (SMRs) in Slovakia with an indicative timeline to 2035. Project Phoenix was announced by US Special Presidential Envoy for Climate John Kerry (pictured above) at the COP27 climate conference in 2022 and aims to support energy …