European Union countries’ energy ministers struck a deal to reform power market subsidies, Spain’s energy minister said on Tuesday, defusing a stand-off between France and Germany over the future competitiveness of industrial sectors. The European Commission proposed changes to the EU’s electricity market in March after EU power prices soared to record levels last year …
From our homes to our businesses to our workplaces, electricity powers our lives and our economy. Building a clean, reliable and affordable electricity grid is a crucial economic and environmental pursuit. The private sector is increasingly prioritizing access to clean electricity to stay competitive and to seize new economic opportunities, including in the emerging and …
The Swedish government’s key coalition partner is ratcheting up pressure on Vattenfall AB to expand nuclear power production and says a separate company could be formed for that purpose if the state-run utility doesn’t move fast enough. The strategy of the nationalist Sweden Democrats, whose support is crucial to the country’s three-party government, stems from …
The selection of several hubs focused on hydrogen production from fossil fuels and carbon capture drew the ire of environmental groups. The U.S. Department of Energy on Friday announced its selection of seven regional hydrogen hubs in Appalachia, California, the Gulf Coast, the Mid-Atlantic, the Midwest, the Pacific Northwest and a Heartland hydrogen hub comprising Minnesota and …
Twenty countries met at the end of September and committed to nuclear energy as part of the solution to reaching net zero emission targets, the largest shift toward a global accord on the technology in decades. The ‘Roadmaps to New Nuclear’ conference, organized by the French Ministry for Energy Transition and the OECD-NEA in Paris, …
We are pleased to announce that the company has submitted a filing with the U.S. Nuclear Regulatory Commission (NRC) to formally begin the process of seeking federal reauthorization of power operations at the 800-megawatt Palisades Power Plant in Covert Township, Michigan. This filing follows a series of public meetings with NRC staff to lay out …
A bill to amend Sweden’s legislation on nuclear power has been introduced by the country’s government in parliament. It aims to remove the current law limiting the number of reactors in operation to ten, as well as allowing reactors to be built on new sites, rather than just existing ones. “The proposals mean that the …
Edison EDNn.MI aims to nearly double its core earnings by 2030 with an accelerated roll out of renewables and hopes to restart producing nuclear energy by 2040, the Italian energy group said. In its long-term strategy plan, the Italian subsidiary of France’s EDF EDF.PA said it was targeting earnings before interest, taxes, depreciation and amortisation (EBITDA) of between 2 …
A design for a floating offshore nuclear power barge from HD Korea Shipbuilding & Offshore Engineering (KSOE) and Kepco Engineering & Construction (Kepco E&C) has received approval in principle from the American Bureau of Shipping (ABS). Project collaborators include ABS, HD KSOE, KEPCO E&C and the Liberian International Ship & Corporate Registry (LISCR). The floating …
EDF, GE Hitachi Nuclear Energy International LLC, Holtec Britain Limited, NuScale Power, Rolls Royce SMR and Westinghouse Electric Company UK Limited are now to be invited to bid for UK government contracts in the next stage of the process. The UK government has plans to expand nuclear energy capacity to 24 GW by 2050, with …
