The company that owns New Jersey’s three nuclear power plants said Wednesday it will seek federal approval to operate them for another 20 years. The move comes as New Jersey makes a strong push to become the East Coast leader in offshore wind. But the three power plants run by PSEG Nuclear LLC provide nearly half of …
S. Korea moves to revitalize nuclear energy as AI boom drives up electricity demand South Korea will begin the process of extending the operating lifespan of Wolseong Nuclear Power Plant Units 2, 3 and 4, which previously had been on track for closure within the next two to five years. This means that all ten …
The US Department of Energy Loan Programs Office has conditionally committed up to USD1.52 billion for a loan guarantee to Holtec Palisades for its project to bring the Palisades plant, which ceased operations in May 2022, back online. If the project proceeds, it will be the first nuclear power plant in the USA to return …
Uranium enrichment services provider Urenco has broken ground on an expansion of its plant in Almelo in the Netherlands. The move came as the company signed a new long-term supply contract with Korea Hydro & Nuclear Power. Urenco announced plans in December last year to increase capacity at its Almelo plant by 15% in response …
Cheap low-carbon energy? What’s not to love… The land surrounding a nuclear power plant might not sound like prime real estate, but as more bit barns seek to trim costs, it’s poised to become a rather hot commodity. All datacenters are energy-hungry but with more watt-greedy AI workloads on the horizon, nuclear power has fresh …
The 1400 MWe pressurised water reactor has begun delivering electricity to the United Arab Emirates’ grid, weeks after achieving first criticality and bringing the four-unit plant closer to its goal of providing 25% of the country’s electricity needs. The Emirates Nuclear Energy Corporation (ENEC) announced on 23 March that its operations and maintenance subsidiary, Nawah …
Uranium market has likely set a new floor thanks to a strong demand outlook Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22 per cent decline over six weeks, industry experts and analysts say the uranium …
U.S. Energy Secretary Jennifer Granholm said on Wednesday she encourages the U.S. Congress to ban uranium supplies from Russia, as doing so would free up funds to support domestic development of fuel for next generation nuclear reactors. The U.S. House passed legislation last December to ban imports of the fuel for nuclear power plants as part of …
The walls of the containment building of unit 3 at the Haiyang nuclear power plant in China’s Shandong province are now in place following the installation of the third cylinder ring, the Shanghai Nuclear Engineering Research and Design Institute (SNERDI) announced. The steel containment shell is an important part of the nuclear island reactor building …
Kazatomprom, the world’s largest producer of uranium, said Friday there will be modest production growth this year as it reported swelling profits. Kazatomprom KZAP, -1.42% NATKY, -0.53% said its annual profit rose 23% to 570 billion Kazakhstani tenge ($1.27 billion), on a 43% jump in revenue to 1.44 trillion tenge. The company said its sales growth was faster than the …
