Texas regulators explore how to attract advanced nuclear projects, structure SMR incentives

States could use 24/7 carbon-free energy credits, potentially stacking them with federal incentives from the Inflation Reduction Act , according to Nuclear Energy Institute officials. A working group run by the Public Utility Commission of Texas is exploring how to attract advanced nuclear reactors to the state, potentially by offering clean energy credits or other …

Start up of Chinese industrial nuclear steam project begins

Commissioning has begun of China’s first industrial-use nuclear energy steam supply project, China National Nuclear Corporation (CNNC) announced. The project at the Tianwan nuclear power plant in China’s Jiangsu province will supply steam to a nearby petrochemical plant. The project is being jointly carried out by CNNC subsidiary Jiangsu Nuclear Power Company and the Lianyungang …

Left-for-dead uranium mines are being revived as prices soar, countries eye nuclear power to address climate change

The Mochovce nuclear power plant in Mochovce, Slovakia last November. JANOS KUMMER/GETTY IMAGES Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five US producers are reviving mines in states including Wyoming, Texas, Arizona and Utah, where production flourished …

Unit 4 Start-up at Barakah Nuclear Energy Plant accelerates UAE towards Net Zero 2050

The fourth unit start-up moves Barakah towards generating 25% of UAE’s electricity needs, 24/7 – Barakah accelerates decarbonization of the UAE grid and achievement of Net Zero by 2050 target – Barakah offers a new model for efficient nuclear plant development     The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and …

Canada provides federal funds for Bruce C pre-development

The federal government is providing CAD50 million of funding to support pre-development work to study the feasibility of building 4800 MWe of new generating capacity at the Bruce site in Ontario. The funding was announced by Minister of Energy and Natural Resources Jonathan Wilkinson at the Canadian Nuclear Association’s CNA 2024 conference, which is taking …

Fangchenggang 4 receives operating licence

China’s National Nuclear Safety Administration has granted an operating licence for unit 4 of the Fangchenggang nuclear power plant in China’s Guangxi Autonomous Region. The unit is the second of two demonstration China General Nuclear-designed Hualong One (HPR1000) reactors at the site. Obtaining the licence is “an important step towards high-quality production and commercial operation”, …

Nuclear tax credits underpin growth, says Constellation

Federal nuclear production tax credits are providing the foundation for the USA’s largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast. Constellation recently marked its second anniversary as a standalone company since the separation of Exelon Generation’s regulated utility and …