Energy storage powered by Ontario’s nuclear assets: a made-in-Ontario pathway to net zero

New report explores how large-scale energy storage in combination with clean electricity from Bruce Power presents a $4-billion opportunity for Bruce, Grey and Huron counties Ontario will need investment in vast new energy storage capacity in combination with clean power from nuclear generation to meet its increasing clean energy demands in the coming years. This …

EU Commissioner rules out big changes to green finance proposal

The European Commission will not make any fundamental revisions to proposals that classify nuclear power and gas as sustainable, Financial Markets Commissioner Mairead McGuinness said on Wednesday, despite objections from some European Union states. The Commission included gas and nuclear investments in a draft of its “sustainable finance taxonomy” rules circulated on Dec. 31, as …

S Korea election offers potential for nuclear change

South Korea’s upcoming presidential election on 9 March opens up the possibility for a sharp change in the country’s nuclear policy. The leading two candidates to replace presidential incumbent Moon Jae-in — Lee Jae-Myung from the ruling liberal Democratic Party and Yoon Seok-Yeol of the conservative opposition People Power Party — are running neck and …

Nuclear energy crucial in fighting climate crisis: Seoul mayor

Seoul Mayor Oh Se-hoon emphasized the necessity of nuclear power plants, saying that increasing electricity consumption by expanding the use of electric vehicles (EVs) cannot be a fundamental solution to the climate crisis.He pointed out that currently nearly 70 percent of electricity production in Korea relies on fossil fuels, and said he believes the country’s …

5 Nuclear Energy Stories to Watch in 2022

The U.S. nuclear industry posted some big wins in 2021 and that momentum is expected to continue this year with the implementation of the new Bipartisan Infrastructure Law. The Biden Administration is investing billions in the current fleet and on new designs that could be operational within the decade. Both technologies will play a pivotal role in helping the nation achieve a net-zero economy …

Saskatchewan Trade and Investment Office to create economic opportunities in UAE

From Left: Consul General of Canada in Dubai and the Northern Emirates, Jean-Phillipe Linteau; Saskatchewan Minister of Trade and Export Development Jeremy Harrison; and the UAE Minister of Foreign Trade Dr Thani Bin Ahmed Ali Zeyoudi. Dubai – The Canadian Province of Saskatchewan has opened a new office in Dubai to strengthen ties with the …

Belgium can extend life of nuclear reactors if it acts soon, watchdog says

Belgium’s nuclear regulator gave a provisional green light on Monday to extend the life of two of the country’s nuclear power reactors and urged the government to make a final decision on the issue in the first quarter of 2022. Belgium’s seven-party coalition has been wrestling for months over the topic. The Greens are adamant …