Global energy investment stabilised above USD 1.8 trillion in 2018, but security and sustainability concerns are growing

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and …

Saudi Arabia to lead a trillion dollar MENA investment splurge

The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …

World’s only floating nuclear power unit to begin commercial production in Russia

After a series of successful and comprehensive tests, including on its twin KLT-40 reactor system, the unique floating nuclear power unit (FPU) “Akademik Lomonosov” is ready to start commercial operations. The FPU’s reactors, No.1 and No.2, were successfully brought up to 100% capacity on the March 31. These tests confirmed the operational stability of the …

Industry looks to small ‘plug and play’ power plants as the future of nuclear

THE NUCLEAR INDUSTRY GETS SERIOUS ABOUT SMALL ‘PLUG AND PLAY’ POWER PLANTS: As the hulking nuclear power plants of the past are being forced to shut down under the weight of their own finances, the future of the industry looks to be smaller, less-costly “plug-and-play” power plants. The industry is seeking to prove a number …

Bill Gates ‘thrilled’ by legislative boost for nuclear

The Nuclear Energy Leadership Act (NELA), bipartisan draft legislation which aims to accelerate the development of advanced nuclear technologies and re-establish US leadership in nuclear energy has been re-introduced to the US Senate. NELA was submitted on 27 March by a group of 15 senators led by Senator Lisa Murkowski of Alaska. It was previously …

Nuclear Jobs Outlook Hinges on Advanced Designs’ Success, Existing Plants

Photo: In October 2018, workers clear debris from a house destroyed by Hurricane Michael in Mexico Beach, Fla. Hurricane recovery work has increased competition for construction workers, making it more difficult for the nuclear construction industry to hire people. (Photo by Scott Olson/Getty Images) The U.S. nuclear industry faces a reckoning over whether existing nuclear plants …