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 …
Turkish Minister of Electricity and Natural Resources Fatih Donmez said on Tuesday that Turkey’s first nuclear reactor and newly found Black Sea gas deposits will begin producing energy next year. Donmez made the statements while in Istanbul for the NATO Parliamentary Assembly’s Mediterranean and Middle East Special Group conference. Donmez was cited as speaking by …
The Dutch government is “taking steps” towards the construction of two new nuclear power plants, according to a national energy system plan outlined last week. According to the outline published on Friday, a scenario study is being conducted into the relationship between various types of CO2-free capacity and how nuclear energy can be integrated into …
SK, Samsung see opportunities in President Yoon’s pro-nuclear pivot South Korean industrial giants like SK and Samsung are stepping up operations in nuclear power, zeroing in on small, easier-to-build reactors, as the country pivots back to nuclear energy under a new president. SK announced in May a wide-ranging partnership with Bill Gates-founded startup TerraPower with a …
An aging nuclear reactor in central Japan’s Fukui Prefecture will resume operating in August, about two months earlier than scheduled, with the unit expected to help ease tight electricity supply conditions during the busy summer season, its operator said Friday. After being offline for about 10 years, Kansai Electric Power Co.’s Mihama No. 3 reactor …
Cenovus CEO Alex Pourbaix speaks at a news conference on Thursday, January 30, 2020. PHOTO BY AZIN GHAFFARI/POSTMEDIA ‘If we’re able to commercialize small modular reactors, you could see a scenario where you could completely decarbonize the upstream in Alberta’ Nuclear power, meet the oilsands. As oilsands operators build a blueprint to reach net-zero emissions by …
A joint study by Vietnamese power engineering consultancy PECC2, Denmark’s Seaborg, designer of power barges using compact molten salt reactors (CMSRs) and manufacturer Siemens Energy looked at the case for floating nuclear power plants to provide electricity as well as hydrogen and ammonia production. The preliminary report sets out the milestones which would be needed …
