Surprise Senate climate deal includes incentives for hydrogen, nuclear, renewables

Sen. Joe Manchin of West Virginia (Source: Associated Press). The unexpected inflation reduction legislation announced by Sen. Joe Manchin (D-W.V.) and Majority Leader Chuck Schumer has lawmakers and clean advocates scrambling to read the 725-page bill. The sweeping bill includes nearly $370 million on energy and climate change initiatives. Congressional Democrats, who have pushed an …

New Coalition of Global Partners Launch the Nuclear Hydrogen Initiative

Today, more than 40 global participants announced the formation of the Nuclear Hydrogen Initiative (NHI), a coalition working to advance nuclear hydrogen as a critical climate solution. The initiative will engage policymakers, businesses, investors, and other key stakeholders to raise awareness of the important role nuclear hydrogen can play in delivering carbon-free, secure and affordable energy. NHI will …

Scholz Opens Door for Extending Nuclear Power in Germany

Chancellor signals possibility of reconsidering plant closures Political compromise may be needed for nuclear extension German Chancellor Olaf Scholz signaled that his government might consider extending the life of the country’s three remaining nuclear plants as it seeks to bolster its energy security. “The economy minister has commissioned an intensified worst-case scenario calculation. Let’s have …

Belgium reaches initial deal with Engie to prolong nuclear power

 Belgium has reached an initial accord with French utility group Engie (ENGIE.PA) to extend the use of nuclear power by 10 years after Russia’s invasion of Ukraine forced the government to rethink plans to rely more on natural gas. Engie’s subsidiary Electrabel and the Belgian state signed a “non-binding letter of intent” and aimed to negotiate a …

Nuclear reactor in Takahama to go back online on July 26

Kansai Electric Power Co. will resume generating and transmitting electricity at the No. 3 reactor at the Takahama nuclear power plant on July 26, the company announced on July 19. The company had said the timing of resuming operations was undecided after a regular inspection that started in March discovered damage to heating tubes at the nuclear reactor …

France to launch buy-out of power giant EDF

The French government on Tuesday outlined its plans to take full control of EDF, the highly indebted power utility that is to spearhead efforts to relaunch the country’s nuclear industry. The offer to minority shareholders will be priced at 12 euros per share, meaning the operation to fully nationalise the group will cost 9.7 billion …