Rolls-Royce (LSE:RR., ADR:RYCEY) announced today that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has today been established, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology. Rolls-Royce Group, BNF Resources UK Limited and Exelon Generation Limited will invest £195m across a …
Reactor designer Rolls-Royce will announce that a consortium of investors will back plans for a new smaller nuclear reactor project. As part of its 10 point green energy plan, the government has already announced it would provide £210m in funding if that could be matched by private capital. An announcement that money has been raised …
For more than two decades, promoters and purveyors of nuclear energy felt shunned at UN climate change conferences. At the COP26 summit underway in Glasgow, however, they have been welcomed with open arms, the UN’s top nuclear regulator told AFP. The spectre of Chernobyl and Fukushima, along with the enduring problem of nuclear waste, kept …
GLASGOW, Scotland — In an interview at the U.N. Climate Change Conference, Secretary of Energy Jennifer Granholm told Yahoo News on Friday that the Biden administration is “very bullish” on building new nuclear reactors in the United States. “We are very bullish on these advanced nuclear reactors,” she said. “We have, in fact, invested a …
Could it be that the seedlings of a renaissance are beginning to take hold in the nuclear energy industry? As the world grapples with the necessity of massively reducing greenhouse gas (GHG) emissions, politicians are increasingly turning to nuclear energy as a potential solution. That growing momentum of support has led to a handful of notable policy announcements so far …
Construction of the third unit at the UAE’s Barakah nuclear power plant has been completed, and the unit is on track to start up in 2023, the Emirates Nuclear Energy Corporation (ENEC) has announced today on the sidelines of COP26 in Glasgow. Barakah is the Arab world’s first multi-unit operating nuclear power plant, located in …
It is the news that the uranium players have been waiting for: a potential new, huge surge in demand that will reward mining companies ready to go into production. China has reported overnight to be planning 150 new nuclear reactors over the next 15 years — more than have been built around the world since …
A worker sprays a layer of cement protection in a tunnel for radioactive waste in an underground laboratory run by Andra, an agency that manages SOULAINES-DHUYS, France (AP) — Deep in a French forest of oaks, birches and pines, a steady stream of trucks carries a silent reminder of nuclear energy’s often invisible cost: canisters …
Among the many backers of energy sources lobbying hard in Glasgow this month during COP26, a major international climate summit, proponents of nuclear power are expecting to make inroads with regulators and the general public alike. When it comes to merchant shipping, which has entered a crucial decade of energy transition, there has never before …
Countries have “re-appreciated” the value of nuclear power, International Energy Agency (IEA) Executive Director Fatih Birol said at COP26 today. Birol, who called for new build in Europe, North America and Asia, also said that national commitments made at COP26 would put the world on track to limit global warming to 1.8°C. Speaking at the …
