China begins construction on 2nd phase of Zhangzhou nuclear power project

China has begun construction on the second phase of the Zhangzhou nuclear power project using Hualong One reactors, domestically developed third-generation reactors, in the city of Zhangzhou, east China’s Fujian Province. The first four Hualong One units have been completed and put into operation, according to the China National Nuclear Corporation (CNNC). The Zhangzhou nuclear …

Goldman, hedge funds step up activity in physical uranium as prices spike

 Investment banks Goldman Sachs (GS.N), opens new tab and Macquarie (MQG.AX), opens new tab as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium …

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 …

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 …

Vogtle 4 reaches first criticality

Georgia Power has announced that the new Vogtle unit 4 AP1000 reactor has reached initial criticality, with the unit’s in-service date now projected to be during the second quarter of 2024. Initial criticality signals that the nuclear fission reaction in the reactor is now self-sustaining, meaning the reactor can begin producing heat that will be used …