SK Group to Invest 12.4 Trillion Won in Transition to Eco-friendly Energy

SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to one that centers on environmentally friendly energy ventures. Among …

China approves expansions at three nuclear power plants

China has approved expansion projects at three nuclear power plants, according to a statement from the State Council released on Monday. Six new nuclear power generation units have been approved to expand three existing plants in Shandong province, Fujian province and Liaoning province, according to reporting from state-backed media outlet the Paper. The State Council …

The Era of Advanced Nuclear Energy Arrives in the U.S. with First AP1000® Reactor Achieving Commercial Operation at Vogtle

  Vogtle Unit 3 (pictured above) is one of two AP1000 reactors at Plant Vogtle – the first new nuclear build projects in the U.S. in more than 30 years. Image courtesy of Georgia Power. The first U.S. Gen III+ advanced nuclear Westinghouse AP1000® reactor today entered commercial operation at Southern Nuclear’s Plant Vogtle. Westinghouse …

Gov. Whitmer Signs ‘Make it in Michigan’ Budget

Gov. Whitmer Signs ‘Make it in Michigan’ Budget Balanced, bipartisan FY24 budget lowers costs, grows the economy, and delivers on kitchen-table issues   LANSING, Mich.— Today, Governor Gretchen Whitmer signed a balanced, bipartisan general government state budget for Fiscal Year 2024 to grow the economy, lower costs, deliver on kitchen-table issues, and help anyone “Make it in Michigan.”   The FY24 budget, when combined with the education budget previously signed by the governor, lowers costs on health care, preschool, meals for kids, higher education, housing, and workforce …

ICYMI: Senate Agrees to Manchin’s Bipartisan NDAA Amendment to Onshore Nuclear Fuel Production

Today, the U.S. Senate voted 96-3 to agree to Senator Joe Manchin’s (D-WV), Chairman of the U.S. Senate Energy and Natural Resources Committee, S.Amdt.999, a bipartisan amendment to the National Defense Authorization Act for Fiscal Year 2024 that directs the Secretary of the U.S. Department of Energy (DOE) to establish a nuclear fuel program with the purpose of onshoring …

Canada’s nuclear drive picks up speed

Canada’s plans to make nuclear power a central part of its decarbonization strategy are taking shape with major announcements around large nuclear builds, small modular reactors and medical isotopes. Nuclear power accounts for around 15% of Canada’s electricity generation with most capacity in Ontario where some 40% of the population resides. A total of 19 …

BILL SUMMARY: Energy and Water Development Fiscal Year 2024 Appropriations Bill

The Fiscal Year 2024 Energy and Water Development Appropriations Act provides $58.095 billion in total funding for the Department of Energy, Army Corps of Engineers, Bureau of Reclamation, and independent agencies.   “Our energy and water infrastructure need significant investment to meet the needs of Americans throughout the country, particularly in the West,” said Senator Dianne Feinstein …