Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …

Nuclear Construction Update: New Progress Made in Russia, UAE, and U.S.

Several milestones have been reached at nuclear power plant construction sites around the world including on the Leningrad II-2, Novovoronezh II-2, Barakah, and Plant Vogtle projects. Russian Progress At the Leningrad site, Rosatom—the Russian state atomic energy corporation—reported on August 7 that the main turbine equipment installation for Phase II Unit 2 was completed. The …

Turkey to build third nuclear plant in Thrace, cooperate with China

Turkey will build a third nuclear power plant in the Thrace region northwest of Istanbul, and will cooperate with China on the initiative, Energy Minister Fatih Donmez said on Wednesday. Donmez also told broadcaster A Haber that Turkey’s first nuclear power plant was expected to come online in 2023. The $20 billion, 4,800 megawatt (MW) plant has …

Chugoku Electric to get all local consent needed for new reactor

Shimane Gov. Zembee Mizoguchi expressed an intention Tuesday to approve Chugoku Electric Power Co.’s plan to operate its new nuclear reactor, paving the way for the utility’s application for government screening. The city of Matsue, which hosts the Shimane nuclear plant, the neighboring Tottori Prefecture and other cities in the two prefectures located within 30 …

Nuclear energy is not as risky as climate change

Nuclear power will be essential for meeting the UK’s greenhouse gas targets, concluded a new report by Imperial energy experts. The energy sector is one of the biggest culprits for greenhouse gas emissions in the UK due to its historical reliance on burning fossil fuels. Many experts believe that combining new, lower-cost renewable technologies with …

Nuclear still UK’s main low-carbon power source

The Digest of UK Energy Statistics (DUKEs), published today by the Department for Business, Energy and Industrial Strategy (BEIS), shows low-carbon sources of electricity accounted for a record 50.1% of power generated in the UK in 2017, which is up from 45.6% the previous year. This figure consists of 21.0% from nuclear, 14.8% wind (onshore …