Governments of Canada, Nova Scotia and New Brunswick Show Progress Toward Phasing Out Coal by 2030 and Expanding Their Clean, Reliable and Affordable Electricity Grids

From our homes to our businesses to our workplaces, electricity powers our lives and our economy. Building a clean, reliable and affordable electricity grid is a crucial economic and environmental pursuit. The private sector is increasingly prioritizing access to clean electricity to stay competitive and to seize new economic opportunities, including in the emerging and …

What Can Investors Learn From the French-Mongolian Uranium Mining Deal

French President Emmanuel Macron and Mongolian President Ukhnaagiin Khurelsukh in Paris, October 12, 2023. Photo credit: Reuters The ink is barely dry on a landmark French-Mongolian uranium mining deal. After over 20 years of exploratory work in the Gobi desert, France’s state-owned Orano has secured rights to begin commercial production around 2028 at the Zuuvch …

Multinational consortium formed for Cernavoda work

Korea Hydro & Nuclear Power (KHNP) announced it has signed an agreement with Canada’s Candu Energy and Italy’s Ansaldo Nucleare to jointly carry out a refurbishment of unit 1 at the Cernavoda nuclear power plant in Romania. Candu units are pressurised heavy water reactors designed to operate for 30 years, with a further 30 years …

Sheffield Forgemasters joins UK Xe-100 deployment effort

Sheffield Forgemasters, X-energy and Cavendish Nuclear have signed a memorandum of understanding on collaborating to explore opportunities around the deployment of a fleet of Xe-100 high temperature gas-cooled reactors (HTGRs) in the UK. X-energy of the USA and Cavendish Nuclear – a UK subsidiary of Babcock International group – will tap into Sheffield Forgemasters’ decades …

Swedish Nationalists Mull New Nuclear Firm to Rival Vattenfall

The Swedish government’s key coalition partner is ratcheting up pressure on Vattenfall AB to expand nuclear power production and says a separate company could be formed for that purpose if the state-run utility doesn’t move fast enough. The strategy of the nationalist Sweden Democrats, whose support is crucial to the country’s three-party government, stems from …

DOE selects 7 hydrogen hubs for $7B funding opportunity

The selection of several hubs focused on hydrogen production from fossil fuels and carbon capture drew the ire of environmental groups. The U.S. Department of Energy on Friday announced its selection of seven regional hydrogen hubs in Appalachia, California, the Gulf Coast, the Mid-Atlantic, the Midwest, the Pacific Northwest and a Heartland hydrogen hub comprising Minnesota and …

EDF Power Output Hit by Strike Over Annual Pay Talks

Spot electricity price reaches six-week high in France Strike started Wednesday, will last until Friday evening French spot power prices reached a six-week high on Thursday as output was curbed by an Electricite de France SA strike over pay. The labor action curbed hydropower production by 150 megawatts on Thursday morning, and output was also lowered at the Belleville …

Niger coup designation puts US development bank financing on hold – Global Atomic

he US State Department on Tuesday officially classified the events in Niger at the end of July as a ‘coup d’etat’. This designation has placed a temporary hold on US development bank financing for the Dasa project. In a response, Toronto-listed Global Atomic has acknowledged that, although it has sufficient cash reserves to cover its operations for the …