Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away

Finland’s renewable power strategy is paying off as its energy has fallen into negative prices. A new nuclear reactor, as well as unexpected floods, are leading to a glut of clean energy. It is a striking reversal from last year, when Finns slashed their usage after cutting ties with Russia. Finland was dealing with an …

Far Southwest Virginia is a ‘competitive hosting ground’ for small modular nuclear reactors, study finds

Sample designs are shown in these renderings. Courtesy of LENOWISCO Planning District Commission. The study identified seven potential sites for SMRs in the area of Lee, Wise, Scott and Dickenson counties and the city of Norton. A feasibility study that identifies seven potential sites has determined that far Southwest Virginia has the capabilities to be …

Oklo announces plans for 2 nuclear plants in Ohio area touted as prime real estate for advanced reactors

Oklo and the Southern Ohio Diversification Initiative, or SODI, a redevelopment agency, have signed an agreement to develop two nuclear plants on a re-industrialized site once used for the production of enriched uranium for the U.S. nuclear defense system and commercial nuclear power, the company announced Thursday. The plants will provide up to 30 MW of clean electric power and …

Tianwan 7 gets lower tier of inner containment dome

The 44-metre diameter lower tier of the inner containment dome, weighing 391 tonnes, has been lifted into position on the seventh unit of the Tianwan nuclear power plant in China.  A crane with a 2000-tonne capacity was moved to the construction site to complete the lift. The next stage is to complete the installation work …

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 …

Gov’t to Accelerate Construction of Shin Hanul 3, 4 Nuclear Reactors

The government intends to accelerate the construction of nuclear power reactors in the southeastern North Gyeongsang county of Uljin that was suspended under the previous Moon Jae-in administration’s nuclear phase-out policy. Second vice energy minister Kang Kyung-sung, who checked up on the construction of Shin Hanul Numbers Three and Four reactors on Thursday, called for …

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 …

Xudabao 3 vessel passes hydrostatic tests

The reactor pressure vessel (RPV) for unit 3 at the Xudabao nuclear power plant in China’s Liaoning province has successfully completed hydrostatic testing in Russia. The two VVER-1200 reactors that form phase two of the plant – units 3 and 4 – are scheduled to be commissioned in 2027-2028. The hydrostatic test is a comprehensive …