Government has decided to open nuclear sector to private players but their willingness to make capital investments would depend on economic attractiveness of sector Private players are looking to play an important role in the nuclear power sector and are waiting for finer details of public public-private participation (PPP) arrangement that is under discussion in …
Japan’s new economy minister said the country will need to maximize the use of existing nuclear power plants as artificial intelligence and data centers are expected to boost electricity demand. It’s “natural” for Japan to pursue both atomic and renewable energy in order to meet the growing needs without increasing carbon emissions, said Yoji Muto, …
Progress toward the historic restart of the Palisades Nuclear Power Plant made a monumental step forward today with the announced close of a $1.52 billion loan from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The announcement took place on site in Covert Township, Michigan, before a large gathering of Holtec associates, skilled …
Data centers are expected to consume more and more electricity thanks to growth in artificial intelligence and cryptocurrency mining — and nuclear energy and uranium appear a good way for investors to gain exposure to this rise in power demand. Clearly, data centers and AI need “consistent, baseload power,” while many information-technology (IT) companies in …
Duane Arnold Energy Center The owner of the Duane Arnold nuclear power plant is weighing whether to bring the facility back online as more power hungry data centers are coming to eastern Iowa. The Duane Arnold Energy Center in Palo shut down four years ago with its owner, NextEra, saying it wasn’t economically viable anymore. …
Westinghouse President and CEO Patrick Fragman visited Poland last week and the site of the country’s first nuclear power plant to see the progress of preliminary work along the Baltic Sea. He also met with Polish President Andrzej Duda, U.S. Ambassador Mark Brzezinski and many other leaders on the heels of the government’s new commitment …
The Philippines aims to have its first nuclear power plant by 2032, joining Asian counterparts in turning to the emissions-free power source for its booming electricity needs. The government will prioritize legislation focused on nuclear safety, and ensure that legal and regulatory frameworks are in place to safeguard public health, environmental protection and national security, …
China General Nuclear Power Group is a world-leading clean energy supplier and service provider. In the three decades since its founding, CGN has produced over 2,900 TWh of clean energy power, making a significant contribution to China’s progress toward carbon neutrality. In the nuclear power sector, CGN showcases robust capabilities. Currently, CGN operates 28 nuclear …
Google’s top executive confirmed the company is working on large-scale data centers that would use more than 1 GW of power. Sundar Pichai, CEO of Google and Alphabet, in a speech last week at Carnegie Mellon University in Pittsburgh said small modular nuclear reactors (SMRs) could possibly be used to generate the needed electricity. Pichai …
Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges. The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial …
