The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies. The initiative, launched on Thursday by U.S. Deputy Secretary of Energy Dan Brouillette with international partners, aims to “highlight the value of nuclear energy as a clean reliable energy source”. The partners are …
While the U.S. commercial nuclear power sector continues to suffer major contraction, the outlook in Canada is much brighter. Since October 2012, U.S. nuclear operators have announced they are closing more than 20 reactors at 16 plants. By contrast, Canadians are spending more than $25 billion to refurbish 10 nuclear reactors. Ontario Power Generation, owned by …
Miguel Arias Cañete and Ali Akbar Salehi meet in Tehran (Image: European Union/EC-Audiovisual Service) The European Commission and the Atomic Energy Organisation of Iran (AEOI) have confirmed their continuing commitment towards implementation of the Joint Comprehensive Plan of Action (JCPOA), following a visit by European commissioner for climate action and energy Miguel Arias Cañete to Tehran. …
Rosatom, the Russian state nuclear corporation, yesterday signed a series of agreements with overseas companies during the Atomexpo conference and exhibition being held this week in Sochi, Russia. The agreements, with Chile, China, Cuba, Finland, Hungary, Iran, Italy, Kazakhstan, Saudi Arabia, Serbia, Spain and Zambia, include the engineering and medical sectors, among others. Rosatom and …
ASTANA, Kazakhstan—Kazakhstan plans to sell at least 25% of the world’s largest uranium miner this year, the centerpiece of an effort to open up the economy of the former Soviet republic sandwiched between China and Russia. The government has hired Wall Street banks, including JPMorgan Chase & Co., to offer shares in state-owned KazAtomProm in …
The Director General (DG) of the Ghana Atomic Energy Commission (GAEC), Prof. Benjamin J. B. Nyarko, has revealed that it cost the country more than $20 million to convert the Ghana Research Reactor-1 (GHARR-1) from highly enriched uranium (HEU) to low enriched uranium (LEU) before repatriating the spent fuel to China. But instead of Ghana …
Credit ratings giant Moody’s is warning that a big chunk of the nation’s electric utilities are at risk of closing because of the transition toward renewable energy, which is occurring despite President Trump’s decision to pull the U.S. out of the Paris climate change agreement. The report, issued Tuesday, says not-for-profit public power and cooperative …
With no price on carbon, here’s how states are keeping nuclear power plants open. Nuclear power currently provides about 20 percent of US electricity — and 50 percent of its carbon-free electricity. Insofar as the US economy has decarbonized (carbon emissions have been falling, fitfully, for more than a decade), nuclear power gave it a …
TOKYO — The British government has proposed to arrange all 2 trillion yen ($18.2 billion) in lending that Hitachi says is needed to build a nuclear power plant in Wales, as the Japanese side seeks to reduce its risk and encourage the U.K. to put more skin in the game. London had previously suggested that it guarantee …
A senior executive at engineering giant Bechtel told CNBC on Thursday that U.S. businesses should be involved in Saudi Arabia’s civilian nuclear energy ambitions. The presence of American firms would likely be welcomed by the Saudis and should also be welcomed by the U.S. government, according to Stuart Jones, regional president for Europe and Middle …