NRG exits nuclear with sale of South Texas Project stake

Constellation Energy has agreed to purchase NRG Energy’s 44% stake in the South Texas Project (STP) for USD1.75 billion. The plant – located about 90 miles southwest of Houston – comprises two 1280 MWe pressurised water reactors which began providing electricity in 1988 and 1989, respectively. NRG announced it has entered into a definitive agreement …

Michigan lawmakers pledge ‘full support’ for reopening Palisades nuclear plant

The Palisades nuclear plant closed in May 2022 Gov. Gretchen Whitmer has pushed since then to reopen it A new caucus of lawmakers backs the effort, which could cost taxpayers $300 million or more The push to repower the shuttered Palisades nuclear power plant has momentum in Lansing, with a bipartisan caucus pledging support for …

North American subsidies help boost nuclear hydrogen plans

Nuclear operators in North America are looking to take advantage of generous clean hydrogen subsidies to diversify and help pay the bills. Generation workhorses, such as Bruce Power’s Nuclear Generating Station in Ontario, Canada and Constellation’s Nine Mile Point Nuclear Station in New York, as well as fourth generation reactor developers, such as Terrestrial Energy, consider themselves …

Granholm ‘hopeful’ about $1B in federal loans to restart Palisades nuclear plant

U.S. Energy Secretary Jennifer Granholm said she is “hopeful” about pending loan applications to fund the restart of the closed Palisades nuclear plant in Michigan.   If approved, the approximately $1 billion in federal loans could help pay for the power plant to become the first U.S. nuclear reactor to restart after powering down. Lawmakers …

Armenia and Russia discuss Armenian 2 operating extension, and new nuclear

Further extending the operating life of the Armenian Nuclear Power Plant’s second unit was identified as a priority during a meeting between Rosatom Director General Alexei Likhachev and Armenia’s Prime Minister Nikol Pashinyan. During the meeting, in Yerevan, the two “agreed on specific steps for the near future, which will allow the re-extension work to …

Funds raised to extend operation of Atucha 1

Funding offers of $93m have been received to support extended operation of unit 1 of Argentina’s Atucha NPP by 20-25 years. The funds will also help to finance construction of a second dry storage facility for used fuel at plant site. Argentina’s nuclear utility Nucleoelectrica Argentina SA (NA-SA) said the second tranche of the NASA …