Capacity prices across most of the PJM Interconnection fell 32% to a 10-year low of $34.13/MW-day from $50/MW-day in the previous auction, possibly reflecting recent rule changes, the grid operator said Tuesday. PJM bought 144,871 MW of capacity for the capacity year that starts June 1, 2023, for $2.2 billion, down from $4 billion in the last …
Ukraine’s National Nuclear Energy Generating Company Energoatom and U.S.-based Westinghouse have discussed bilateral cooperation, including the preparation of regulatory documentation for the construction of new nuclear power units using AP1000 technology in Ukraine. According to Ukrinform, the press service of the Ukrainian company said this in a statement posted to messaging app Telegram. According to the …
In this photo taken with a slow shutter speed, taillights trace the path of a motor vehicle at the Naughton Power Plant, Thursday, Jan. 13, 2022, in Kemmerer, Wyo. While the power plant will be closed in 2025, Bill Gates’ company TerraPower announced it had chosen Kemmerer for a nontraditional, sodium-cooled nuclear reactor that will …
Each kilowatt-hour (kWh) of electricity produced by EDF’s reactor fleet in France emits the equivalent of less than 4 grams of carbon dioxide (CO2), according to a life cycle analysis (LCA) published by the company. The analysis shows most of these emissions occur in the upstream phases of the life cycle. EDF said the study – published …
Legislation lowers costs for working families, creates good-paying jobs, invests in clean energy, and rebuilds water infrastructure WASHINGTON — The House Appropriations Committee today released the draft fiscal year 2023 Energy and Water Development and Related Agencies funding bill, which will be considered in subcommittee tomorrow. The legislation funds agencies and programs in the Department …
The US Department of Energy is proposing changes requested by California Governor Gavin Newsom that will allow the state’s last nuclear power plant to qualify for federal financial assistance. The Energy Department proposed removing a requirement that would have prevented PG&E Corp.’s Diablo Canyon nuclear power plant from getting a portion of $6 billion in …
South Korea will expand the role of nuclear energy in order to meet its climate target. President Yoon Suk Yeol’s new government will increase the portion of atomic power in the energy mix to meet its emissions reductions goal, or Nationally Determined Contribution (NDC). It will maintain the target set by the previous administration to cut …
Firms welcome resumed entry of tourists as growth booster – poll They want tourist numbers at pre-COVID level in 2023 Many firms expect moderate or flat economic growth this FY Most seek another stimulus package Bulk of firms back nuclear power restart if safety guaranteed A large majority of Japanese companies support both restarting idled …
California is a global model in the fight against climate change, but the balance necessary to achieve carbon neutrality is delicate and the obstacles many. Longer, hotter summers mean more electricity use, while worsening droughts limit hydropower. With the Diablo Canyon nuclear power plant scheduled to close, state regulators project years of electricity shortfalls. As …
Significant progress towards implementing a new funding model which will give nuclear projects the financial support they need and attract private investment. Progress made towards securing finance for proposed Sizewell C nuclear power station in Suffolk government publishes case for company operating Sizewell C to receive funding under Regulated Asset Base (RAB) model, bringing new …