President Moon Jae-in said Friday that South Korea will fully use its nuclear power plants under its nuclear phase-out scheme, calling nuclear power a mainsource of electricity over the next 60 years. “Over the next 60 years, while nuclear power plants continue to operate, nuclear power plants should be fully utilized as a main base …
Dive Brief: Public Service Enterprise Group (PSEG) has completed the sale of its fossil fuel generation portfolio, including 6,750 MW in New Jersey, Connecticut, Maryland and New York. That leaves the company more than 90% regulated and focused on reaching net-zero emissions by 2030, company leaders said Thursday during PSEG’s Q4 2021 earnings call with analysts. PSEG is now focused on “clean …
More than 230 “experts and concerned citizens” signed a letter written by advocacy group Protect Nuclear Now begging Michigan Gov. Gretchen Whitmer (D) not to close the state’s Palisades nuclear plant, according to a statement the group released Wednesday. Palisades is one of three nuclear plants in Michigan and provides enough carbon-free electricity to power 800,000 homes, according to the state’s energy …
– Main opposition presidential candidate Yoon Suk-yeol on Monday vowed to scrap the current Moon Jae-in government’s nuclear phase-out policy, saying he will make South Korea a powerhouse in nuclear power generation. “I will recover the ecosystem of nuclear power generation and advance safe nuclear technologies so that they can become a core engine to …
Company announces rights issue to plug balance sheet Nuclear outages seen reducing core profit by 11 bln euros Selling power below market prices means an 8 bln euro hit The French state said on Friday it will inject around 2.1 billion euros ($2.39 billion) into EDF (EDF.PA) to ease the financial pain inflicted by nuclear reactors going …
Brief: The Department of Energy (DOE) will spend $6 billion on a program designed to keep nuclear power plants from closing, according to a notice of intent published last week. The department’s Civil Nuclear Credit Program is backed by funding from the bipartisan Infrastructure Investment and Jobs Act signed into law in November. The program will …
Smoke rises from a chimney at the Bugey Nuclear Power Plant in Saint-Vulbas, France, on Jan. 25. A dispatch from a possible 2072. The year is 2072. Any hope of limiting global warming to 1.5 degrees Celsius is long dead. Earth’s mean temperature is about 2.1 degrees Celsius above preindustrial levels—and climbing still, with human …
The Government of the Russian Federation will allocate about RUB100 billion ($1.3bn) for new nuclear projects, Prime Minister Mikhail Mishustin announced on 11 February. Projects for the creation of new nuclear power facilities will receive about RUB56 billion from the National Wealth Fund (NWF), another RUB40 billion will be allocated from the budget. “We have …
New generation nuclear power stations might be crucial to achieving the target of zero emissions by mid-century and staving off the worst of the climate crisis, a new study published in the journal Nature Energy suggests. Solar power and wind are key to hitting this goal, but they might not be enough without major investments, or in places without …
KEY POINTS French Finance Minister Bruno Le Maire told CNBC on Friday that the country’s decision to bet big on nuclear power was driven by geopolitical concerns and the desire to achieve “total energy independence. The move controversially places atomic power at the center of France’s bid to achieve carbon neutrality by the middle of …
