Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains

Rising steel prices, interest rates could push NuScale SMR cost to $100/MWh, threaten UAMPS project NuScale Power Higher steel prices and interest rates are driving up the projected cost of energy from Utah Associated Municipal Power Systems’ planned 462 MW small modular reactor project, multiple municipal utilities have reported. Previous cost estimates were for the project …

Macron’s Plan for New Nuclear Reactors Sparks Hiring Drive

Macron’s call for six new plants sparks push for more staff Industry needs to train more welders, electricians, engineers The French nuclear industry, already grappling with the maintenance of its fleet of aging reactors, needs to recruit as many as 15,000 employees annually as President Emmanuel Macron pushes for at least six new plants to …

Nuclear power to account for up to 35 pct of energy mix, minister says

Nuclear power will ultimately make up 30-35 percent of Poland’s energy mix while the rest will mostly come from the renewable energy sources, the development and technology minister has said. Waldemar Buda told the Republika TV station on Tuesday that “in 10-12 years our energy mix will look completely different from today.” “A nuclear power …

Macron praises ‘ambitious cooperation’ with Sunak on nuclear energy in huge boost for UK

France is a nuclear energy giant, normally generating 70 percent of its electricity from this power source French President Emmanuel Macron had pledged to engage in “ambitious cooperation” with Prime Minister Rishi Sunak on nuclear energy amid fears that fuel imports from Russia will plummet this winter. In their first meeting since Mr Sunak replaced shortest-ever UK leader Liz Truss, the …

Dome in place at first San’ao unit

Share The 238.5-tonne dome was hoisted into place on 3 November, marking an important milestone in the construction of the first of six Hualong One units planned for the site. Work at San’ao 1 will now focus on the installation of equipment. The dome is a key component of the third safety barrier of the …

French government aims to cut red tape for new nuclear reactors

French Minister for Energy Transition Agnes Pannier-Runacher delivers a speech during a press conference on the energy situation in France and Europe, in Paris, France September 14, 2022. Bertrand GUAY/Pool via REUTERS France has drafted legislation to streamline bureaucracy for administrative permits needed to build new nuclear power plants, as it aims to double down …

Hinkley Point C could have saved customers £4bn this year, says financing chief

Hinkley Point C (Hinkley) could have saved households over £4bn in energy bills this winter, argued one of the leading financing experts in the nuclear industry. Julia Pyke, director of Sizewell C (Sizewell) financing and economic regulation, told Parliament that if the Somerset-based nuclear power plant was already in the UK’s energy mix – it …