Westinghouse of the US gets the nod to build the country’s first nuclear power plant. U.S. nuclear power technology provider Westinghouse will build Poland’s first reactor by 2033, Prime Minister Mateusz Morawiecki said Wednesday. “We assume the overall cost at around $20 billion,” he told reporters, adding: “The upfront capital investment is big but once a nuclear …
4. This graphic visualizes the thorium-based molten salt reactor (TMSR-LF1) engineering design. A 2-MWth version of the TMSR is under commissioning in China. Courtesy: SINAP China’s Ministry of Ecology and Environment on Aug. 2 gave Shanghai Institute of Applied Physics (SINAP) the green light to commission the experimental 2-MWth thorium-based molten salt reactor (TMSR-LF1) at …
As countries rethink their energy policies, nuclear energy is back in the conversation Following almost a decade of bearish sentiment, nuclear is making a comeback. “The road of nuclear energy has been a very bumpy one,” said Nick Piquard, portfolio manager and options strategist with Horizons ETFs Management (Canada) Inc., speaking at the ETFinsight Conference …
The Japanese government plans to consider developing and building next-generation nuclear reactors. One of them is known as a high-temperature gas-cooled reactor. One feature of such a reactor is the use of helium gas to cool the reactor’s core. That theoretically makes it possible to extract extreme heat in an efficient manner compared with existing …
U.S. firm Westinghouse Electric Co will build Poland’s first nuclear power plant, Prime Minister Mateusz Morawiecki said on Friday, confirming a long-awaited decision aiming to reduce the country’s carbon emissions and phase out coal. With Russia waging war in neighbouring Ukraine, Poland’s choice of a partner from the United States underlines the emphasis Warsaw places …
The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce dependency on Russia for the fuel, Jennifer Granholm, the U.S. energy secretary told reporters on Wednesday. The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly …
In the last six months, many governments have proclaimed support for nuclear energy and industrial companies have announced partnerships with nuclear developers to meet their decarbonization commitments—but the most exciting evolution, arguably, involves nuclear’s relationship with three letters: E-S-G. Environmental, Social, and Governance (ESG) refers to the increasingly relevant non-financial criteria used by financiers when screening …
Swapping coal-fired generating stations with nuclear power plants could be a win-win for utilities and coal towns, minimizing costs and creating jobs, according to industry experts. The opportunity to bring new energy investment to coal communities arose Oct. 24 at two nuclear energy events hosted by the American Nuclear Society and the Atlantic Council. That …
The existing Darlington plant provided a backdrop for the announcement (Image: OPG) The Canada Infrastructure Bank (CIB) has announced a commitment of CAD970 million (USD713 million) towards Ontario Power Generation (OPG’s) Darlington New Nuclear Project, in the bank’s largest investment in clean power to date. The Darlington New Nuclear Project will be a 300 MWe …
The IAEA International Ministerial Conference on Nuclear Power in the 21st Century opens this week in Washington DC, providing a global forum for ministers, policy makers and experts to discuss the contribution of nuclear power to climate change mitigation, energy security and sustainable development. IAEA Director General Rafael Mariano Grossi and US Secretary of Energy Jennifer Granholm …