The UK government will announce plans to fund a new nuclear power plant before the 2024 election as part of its Net Zero strategy, The Telegraph reported https://www.telegraph.co.uk/news/2021/10/17/exclusive-government-fund-new-nuclear-power-station-part-net late on Sunday. “We are seeking to approve at least one more large-scale nuclear project in the next few years to strengthen energy security and create thousands …
The ongoing energy crisis has spurred division between France and Germany over expanding nuclear power. As energy prices continue to surge and shortages place energy infrastructure under increasing pressure, France is considering a new tack to shore up its energy mix. Per The Financial Times, President Emmanuel Macron is expected to soon approve the development of six small modular …
Soaring gas prices, worldwide energy shortages, fears for energy security and an ambition to have net zero carbon by 2050 have put nuclear power back on the map after a decade in the cold. In the space of just a couple of weeks, the threat of rocketing gas bills and a winter of discontent with …
Bangladesh wants to build another nuclear power plant after its first one is completed, Prime Minister Sheikh Hasina said yesterday as work at the Rooppur plant reached a critical milestone. “If we are able to build another nuclear power plant, we will no longer face a power crisis,” she said after inaugurating the installation of …
Koichi Hagiuda, Japan’s new minister for economy, trade and industry, touched on the importance of nuclear power and Japanese chip production. (Photo by Tomohiro Ebuchi) Hagiuda plans to seek funding to invite TSMC chip plant TOKYO — Nuclear power is “indispensable” to decarbonizing Japan, industry minister Koichi Hagiuda said Tuesday, a sign that the new government under …
The Prime Minister confirmed he plans to announce a commitment to scale back fossil fuels at the Tory conference in Manchester Boris Johnson has confirmed plans for all of Britain’s electricity to come from renewable sources by 2035 as he seeks to reduce the country’s dependence on gas and other fossil fuels. The Prime Minister …
KEY POINTS “It is crucial to diversify energy supply and reduce European dependency on gas-exporting countries as fast as possible,” Le Maire said in a letter last week. Some national EU governments, namely Spain, have asked for a European response to the spike in energy prices. The European Commission, the executive arm of the EU, …
Uranium had been sitting at historic lows for most of the last decade, but as demand and sentiment surrounding uranium turned around slowly, prices have begun to turn around. Prices have risen by 40% in the month of September alone, overtaking all other major commodities. A few weeks ago, millions of pounds of supplies were …
The Biden administration’s top energy official said the nuclear industry should broaden its business case beyond power markets in order to ensure its place in a carbon-free economy. US nuclear energy has come under relentless pressure in recent years from cheap natural gas, solar and wind power. More reactors are being taken offline permanently than …
CAPE TOWN, Sept 21 (Reuters) – South Africa is forging ahead with plans for a new 2,500-megawatt nuclear power plant in a bid to boost energy security and wants to end the procurement process by 2024, the deputy energy minister said on Tuesday. “We plan to issue the Request for Proposal (RFP) for 2,500MW nuclear …