Texas regulators explore how to attract advanced nuclear projects, structure SMR incentives

States could use 24/7 carbon-free energy credits, potentially stacking them with federal incentives from the Inflation Reduction Act , according to Nuclear Energy Institute officials. A working group run by the Public Utility Commission of Texas is exploring how to attract advanced nuclear reactors to the state, potentially by offering clean energy credits or other …

Unit 4 Start-up at Barakah Nuclear Energy Plant accelerates UAE towards Net Zero 2050

The fourth unit start-up moves Barakah towards generating 25% of UAE’s electricity needs, 24/7 – Barakah accelerates decarbonization of the UAE grid and achievement of Net Zero by 2050 target – Barakah offers a new model for efficient nuclear plant development     The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and …

Canada provides federal funds for Bruce C pre-development

The federal government is providing CAD50 million of funding to support pre-development work to study the feasibility of building 4800 MWe of new generating capacity at the Bruce site in Ontario. The funding was announced by Minister of Energy and Natural Resources Jonathan Wilkinson at the Canadian Nuclear Association’s CNA 2024 conference, which is taking …

House approves bipartisan bill aimed at bolstering nuclear energy

The House on Wednesday evening approved bipartisan legislation that aims to bolster nuclear energy. The vote was 365-36, with one additional lawmaker voting present. All of the “no” votes were Democrats and included several members of the Progressive Caucus. Rep. Marcy Kaptur (D-Ohio) voted present. The legislation aims to bolster the U.S.’s nuclear energy production by speeding up environmental …

Nuclear tax credits underpin growth, says Constellation

Federal nuclear production tax credits are providing the foundation for the USA’s largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast. Constellation recently marked its second anniversary as a standalone company since the separation of Exelon Generation’s regulated utility and …

Canada’s Climate Plan: Nuclear Power

It’s essential for keeping a clean-energy electrical grid. Nuclear power has been the backbone of Ontario’s clean electric grid for the past half-century. Starting in 1971, the Canadian province constructed 20 large heavy-water reactors over the next 22 years. The rationale at the time wasn’t combating climate change but replacing expensive coal imported from the …