As the global search for clean and reliable energy sources intensifies, nuclear power is quietly reclaiming its place in the energy mix. For India, which remains heavily reliant on coal, nuclear energy offers a promising route to achieve its net-zero commitments while ensuring base-load power security. But the path ahead is fraught with institutional, financial, …
Fermi, a Texas company looking to build four nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that it is talking with large data managers on leasing agreements for the project. Fermi, co-founded by Rick Perry, a former U.S. energy secretary, wants to build four AP1000 reactors at a …
The United Nations Economic Commission for Africa says that participants at the recent Nuclear Energy Innovation Summit for Africa agreed “that small modular reactors hold immense promise for accelerating Africa’s energy transition” and their successful deployment “hinges not just on technological readiness, but on robust supporting infrastructure”. The commission said that discussions at the event in Rwanda emphasised …
China has been making massive strides. China is aiming to double its nuclear energy capacity, according to Business Standard. A new report from the China Nuclear Energy Association, cited by Business Standard, said the country aims to produce 200 gigawatts of nuclear power by 2040. Currently, the country’s production sits at 55 GW with 57 reactors, …
Amid surging demand and limited grid capacity, SMRs emerge as controversial but viable option Small modular reactors or SMRs are reemerging in the national energy conversation as South Korea reevaluates its energy strategy, driven by a sharp rise in electricity demand from artificial intelligence and data center expansion. The new liberal administration under President Lee …
The former Three Mile Island nuclear power plant in Pennsylvania may restart in 2027, about a year ahead of schedule after being put on a fast track to connect to the regional grid, executives with the plant’s owner Constellation Energy said on Wednesday. Constellation struck a deal last September to power Microsoft data centers, paving …
Vietnam is seeking urgent discussions with Russia in an effort to accelerate its nuclear energy program, flagging risks to the country’s goal of having a reactor in operation by the end of the decade. The government has asked authorities to “urgently organize negotiations” with Russia to move forward on signing an investment cooperation agreement for …
Among the rising demand for critical minerals is a surge in uranium mining stocks that corresponds to advancements in artificial intelligence (AI) and a push for greater use of nuclear energy. Many people are viewing nuclear energy as a viable source due to its low greenhouse gas profile while also delivering the highest capacity. Essential to nuclear energy is …
Apollo (NYSE: APO) today announced that Apollo-managed affiliates, funds, and strategic accounts have signed an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (“EDF”) pursuant to its €50 billion Euro Medium Term Note (“EMTN”) program. Proceeds from the financing will be used primarily to finance EDF projects …
Gov. Hochul directs state’s public electric utility to add at least 1 gigawatt of new nuclear-power production New York intends to build a large nuclear-power facility, the first major new U.S. plant undertaken in more than 15 years and a big test of President Trump’s promise to expedite permitting for such projects. Gov. Kathy Hochul said in an interview …