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. …

Construction of Lufeng 5 gets under way

The first safety-related concrete has been poured for the nuclear island of unit 5 at the new Lufeng nuclear power plant, China General Nuclear (CGN) has announced. It marks the official start of construction of the first of two HPR1000 (Hualong One) pressurised water reactors planned at the site in China’s Guangdong province, where the …

Whitmer Announces Plan with Holtec to Reopen Palisades Plant

Gov. Whitmer Announces Plan with Holtec to Reopen Palisades Plant, Protect 600 Jobs, Shore up Clean, Reliable Energy Production in Michigan Governor sends letter to Department of Energy voicing support for Holtec International’s application for federal funding to save plant in southwest Michigan LANSING, Mich. — Today, Governor Gretchen Whitmer sent a letter to the U.S. Department …

EDF to restart all its nuclear reactors this winter – minister

 French state-owned utility EDF will restart all its nuclear reactors, more than half of which are now closed for maintenance or technical issues, this winter, France’s Energy Minister said on Friday. Pannier-Runacher spoke after President Emmanuel Macron held a special cabinet meeting to address the country’s energy supply situation, coordinate efforts to reduce consumption, and …