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 …
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 …
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”, …
The information session for those interested in gaining contracts with the Paks II nuclear power plant construction project was attended by 350 people from 180 companies, including 150 from Hungary. The Paks II project was launched in early 2014 by an intergovernmental agreement between Hungary and Russia for two VVER-1200 reactors to be supplied by …
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 …
It’s essential for keeping a clean-energy electrical grid. Nuclear power has been the backbone of Ontario’s clean electric grid for the past half-century. Starting in 1971, the Canadian province constructed 20 large heavy-water reactors over the next 22 years. The rationale at the time wasn’t combating climate change but replacing expensive coal imported from the …
Canada’s most populated province is extending the lifespan of the country’s oldest operating nuclear power plant, doubling down on nuclear plant overhauls to pursue green goals. Ontario Power Generation (OPG) last month abandoned plans to close the remaining six reactors at its Pickering Nuclear Power Station, opting instead to refurbish four of the units (Pickering …
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 …
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices are once again on the move, rising above US$100 per lb. in January for the first time in over 16 years, but this time Talbot …
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 …