Boris Johnson has greenlit funding for a new multibillion-pound nuclear power station, triggering concerns among some of Liz Truss’s allies that it could limit her economic vision. Whitehall sources confirmed the prime minister and Chancellor Nadhim Zahawi have given the financing go-ahead for the construction of the Sizewell C nuclear reactor in Suffolk. Private funding will be sought …
Poland’s Council of Ministers has adopted a draft act amending the act on the preparation and implementation of investments in nuclear power facilities and associated investments, the country’s National Atomic Energy Agency (Państwowa Agencja Atomistyki) announced. The main goal of the changes is to shorten the time of investment implementation. In September last year, it …
Dive Brief: The push for carbon-free energy will drive the growth of small modular reactors, or SMRs, with 300 of them expected to be online by 2050 supplying 731 TWh of power, according to the results of a survey the Nuclear Energy Institute conducted with a subset of its member utilities and released Aug. 5. The 19 …
In a first for Japan since the Fukushima nuclear disaster in 2011, public support for a nuclear restart is now at more than 60%, said a former executive director of the International Energy Agency. Nobuo Tanaka attributed that to the possibility of “serious problems by the end of this year” if Japan does not have …
Move prompted by the mounting economic war with Russia marks the first departure from a two-decade policy to abandon nuclear energy Germany plans to postpone the closure of the country’s last three nuclear power plants as it braces for a possible shortage of energy this winter after Russia throttled gas supplies to the country, said …
President Biden’s signing of the Inflation Reduction Act (IRA) should provide further impetus for growth of U.S. renewable energy, coming on the heels of a report from the Federal Energy Regulatory Commission (FERC) that installations of solar and wind power accounted for more than two-thirds of new domestic utility-scale generation in the first six months of this …
TerraPower undertakes a large private capital fundraise in support of advanced nuclear deployment. TerraPower, a leading nuclear innovation company, announced today the close of an equity raise that yields a minimum of $750 million. This is one of the largest advanced nuclear fundraises to-date. The fundraise was co-led by SK Inc. and SK Innovation (collectively, …
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. Set on 1,000 acres of scenic coastal property just north and west of Avila Beach, the controversial power plant operated by Pacific Gas & Electric (PG&E) was …
In a historic vote, the House passed the Inflation Reduction Act (IRA), including the vital provisions for clean energy sources like nuclear. The bill now heads to President Biden’s desk to be signed into law. The following statement can be attributed to Maria Korsnick, president and chief executive officer at the Nuclear Energy Institute: “Today’s House vote …
More nuclear reactors must be restarted for Japan to ensure stable power supply for next summer and beyond, according to the nation’s newly appointed trade minister. “Beyond next summer, it’s important to keep restarting new nuclear power plants,” Yasutoshi Nishimura told reporters in Tokyo on Friday. “The government will work with operators to make sure …