IAEA assesses Romania’s SMR site selection process

The International Atomic Energy Agency (IAEA) has conducted its first ever Site and External Events Design (SEED) mission to look into site selection for a small modular reactor (SMR). The three-day mission to Romania was conducted last month at the request of Nuclearelectrica. Nuclearelectrica and NuScale are cooperating with the US Trade and Development Agency …

FANC open to extending life of Doel 3 nuclear reactor

The Federal Agency for Nuclear Control (FANC) appears to be open to postponing preparations for the Doel 3 reactor’s dismantlement, as will be discussed by the Federal Government at an upcoming meeting. On Wednesday, it was reported that the Doel 3 power station would be permanently decommissioned on 23 September and would no longer supply roughly 7,500 …

Government to discuss postponing closure of Doel 3 nuclear reactor

With the permanent shutdown of the Doel 3 nuclear reactor having been announced yesterday, the Federal Government is dithering on whether to delay its dismantling with the Federal Interior Minister leading calls for a potential postponement. Given the energy crisis driven by the war in Ukraine, the Federal Government’s plan to phase out nuclear power has …

Uranium Funds Surf Price Surge in Renewed Bets on Nuclear Power

Cooling towers at a nuclear power plant in Nogent-sur-Seine, France. Photographer: Cyril Marcilhacy/Bloomberg URA and URNM performance soars but inflows lag previous booms Energy supply crunch has revived global nuclear interest Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power. The $1.8 billion Global X Uranium …

Putin’s invasion of Ukraine threw energy prices into chaos. Now, the price of a key metal is surging

Water vapor rises from the cooling tower of a German nuclear power plant. Nuclear power is having something of a moment right now. After years of being called too expensive and too dangerous, a mounting energy crisis kick-started by Putin’s invasion of Ukraine is forcing countries to reconsider their plans to rid themselves of nuclear energy. Even nations …

Uranium rallies as energy crisis puts nuclear power in focus

Shares in Canada’s Cameco, the world’s second-largest uranium producer, are close to a record high after rising almost 30% since the middle of August Uranium prices have surged to their highest level since Russia’s invasion of Ukraine sent convulsions through commodities markets, as the European energy crisis fuels bullish bets on the future of nuclear …

Several ‘moving parts’ as Palisades owner seeks to reopen SW Mich. nuclear plant

Palisades Power Plant in Covert. The odds of a Southwest Michigan nuclear plant coming back to life after recently closing have improved as the owner pursues targeted federal funding for distressed nuclear facilities. Palisades nuclear plant owner Holtec International in early July applied for funding under the Civil Nuclear Credit Program, a $6 billion U.S. …