A Canadian utility sold green bonds to help fund an overhaul of nuclear reactors, a rare use of proceeds that was seen as a test for sustainable debt investors. Bruce Power LP priced C$500 million ($396.8 million) in bonds on Thursday after holding meetings this week to discuss its green financing framework, according to people …
Some Californians and powerful scholars are trying to resurrect nuclear energy in the state from the dead. They want PG&E Corp. to keep its Diablo Canyon plant in operation past its planned closure for 2025. The reason: California cannot meet its climate change obligations without it. The Massachusetts Institute of Technology and Stanford University have …
The UK’s nuclear stations, run by EDF, reached a major milestone this week, clocking up 2000 terawatt hours (TWh) of zero carbon electricity – enough to power all the UK’s homes for more than 18 years. Since the oldest stations in the fleet first started generating in 1976 the eight sites across the UK have …
Koichi Hagiuda, Japan’s new minister for economy, trade and industry, touched on the importance of nuclear power and Japanese chip production. (Photo by Tomohiro Ebuchi) Hagiuda plans to seek funding to invite TSMC chip plant TOKYO — Nuclear power is “indispensable” to decarbonizing Japan, industry minister Koichi Hagiuda said Tuesday, a sign that the new government under …
Exelon Generation is now hiring hundreds of employees and investing hundreds of millions of dollars to prepare Byron and Dresden for long-term operations Now that the Illinois General Assembly has passed sweeping clean energy legislation preserving its nuclear plants, Exelon Generation is moving quickly to fill 650 vacant positions across the state and jumpstart more …
The Illinois Senate approved a massive clean energy omnibus package after midnight on Tuesday evening, clearing the last major piece of Governor J.B. Pritzker’s political agenda for a vote in the House. The proposal aims to put one million electric vehicles on Illinois roads over the next nine years, and to transition the sixth largest …
Japan has rebooted extra power plants, including a long-dormant nuclear reactor, and taken other steps to avoid a power crisis as temperatures soar and demand for cooling surges, especially in Tokyo, where the Olympics begin on Friday. With the world’s eyes on Tokyo as it hosts the Summer Games amid worries over risks posed by …
Exelon says plant will close as planned without ‘quick passage of legislation’ SPRINGFIELD — The Illinois Senate failed to come up with a Clean Energy Bill this week, with environmentalists and labor leaders far apart on the negotiations. That means the future of the Byron Generating Station is still up in the air. “We are …
The China Atomic Energy Authority (CAEA) informed the IAEA yesterday that a minor fuel cladding failure had occurred at the Taishan Nuclear Power Plant. What are fuel cladding failures, and what do they mean for safety? Read our explainer to find out. Nuclear power plants are designed with multiple back-up and diverse safety systems as part of …
The Illinois Senate is coming back to session Tuesday, and one issue they’re expected to take up is a bill regulating the state’s energy industry. Last week, Gov. J.B. Pritzker said an energy deal is in the hands of the General Assembly. He wants to close coal-fired power plants by 2035. After going into overtime, …
