Finnish power grid operator Fingrid acted in breach of market regulation when transferring certain obligations for the power system’s reliability to TVO, owner of the new OL3 nuclear reactor, Finland’s energy authority said on Friday. The OL3 reactor, Europe’s biggest with a capacity to meet around 14% of Finland’s energy demand, began regular output in 2023 after …
The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …
Several nuclear power projects, including the Jinqimen in Zhejiang province, have received official approval. The Jinqimen project will adopt the “Hualong One”, China’s self-developed third-generation nuclear power technology. The China National Nuclear Corporation (CNNC) will follow the principle of putting safety first, advance construction in a steady and orderly manner in accordance with the highest …
EDF Energy aims to extend the life of its nuclear plants in Britain and invest a further 1.3 billion pounds ($1.7 billion) in its operational UK nuclear fleet to maintain output at current levels and energy security, the firm said on Tuesday. Several countries in Europe, including France, Belgium and Sweden, have announced plans to …
The draft Integrated Resource Plan (IRP 2023) setting out how South Africa will seek to ensure security of electricity supply was formally issued by Minister of Mineral Resources and Energy Gwede Mantashe and will be open to public comments until 23 February. “The purpose of this publication is to solicit public comments on the assumptions, …
In an unprecedented event unfolding in Japan’s Ishikawa Prefecture, the Shika nuclear power plant (NPP), operated by Hokuriku Electric Power Company, suffered a significant oil leak and damage following a powerful earthquake and a series of aftershocks on New Year’s Day. The 7.6-magnitude earthquake, the strongest recorded in the Noto Peninsula region since 1885, sent …
EDF Energy is proposing the creation of more than 800 acres (324 hectares) of saltmarsh on the River Parrett in Somerset, UK, as an alternative to the proposal for 280 underwater speakers to produce an acoustic fish deterrent at the Hinkley Point C nuclear power plant. Plans for the saltmarsh – proposed to keep some …
The construction of two Hualong One reactors at each of the Taipingling and Jinqimen sites was approved by China’s State Council at a 29 December meeting. Meanwhile, various milestones have been reached in the construction of other Chinese units. At the meeting of the Standing Committee of the State Council, chaired by Chinese Premier Li …
Agreements linked to the construction of new reactors at the Kudankulam site in Tamil Nadu were signed during a five-day visit to Moscow by India’s Minister of External Affairs Subrahmanyam Jaishankar. The agreements on Kudankulam were signed during a 25 December meeting on bilateral economic cooperation between Jaishankar and Russia’s Deputy Prime Minister Denis Manturov. …
