Quebec will “one day” have to use nuclear power to achieve its decarbonization objectives by 2050, Minister of the Economy and Energy Pierre Fitzgibbon declared Thursday. Mr. Fitzgibbon anticipates that the issue will be addressed within 18 months, when the government will assess the resources at its disposal to reduce greenhouse gases. “Nuclear power will …
Inflation Reduction Act and infrastructure law funding are supporting new technologies, he said, but the “missing link” is permitting reform. The electric demand growth outlook has shifted, with data centers now expected to drive a surge in demand. This abrupt change is creating one of the biggest challenges facing the power sector, and advanced nuclear …
As Nome stands on the precipice of significant economic transformation, with plans for a massive port expansion already underway, the community is faced with another pivotal decision— whether or not to embrace nuclear microreactors as a part of its future energy strategy. While these projects promise economic growth and opportunities, they also bring challenges and …
At the annual Seatrade Cruise Global conference, industry leaders explored the pros and cons of nuclear-powered cruise ships as cruise lines aim for carbon neutrality by 2050. Could your next cruise be on a nuclear-powered ship? Perhaps, if you’re willing to wait a decade or more. Though the fuel tech may seem somewhat far-fetched, it …
The AI-driven boost in power consumption is going to be big for nuclear energy, according to Joe Dominguez, chief executive officer of Constellation Energy Corp. The largest US operator of nuclear plants is the third-best performer on the S&P 500 Index this year. The 60% gain has come as the power industry is recognizing that …
While setting a goal to have 100 percent renewable capacity by 2032, Palau must embrace nuclear energy to supplement the country’s existing power sources, President Surangel Whipps Jr. said. “If there are safe, small nuclear reactors that are in the development stage, it’s something we have to consider because solar panels and batteries are not …
Koya Capital will seek funding for Stratek Global, a South African nuclear design company. South African nuclear company Stratek Global and technology consultancy Koya Capital have entered into a partnership to secure the financing and construction of a R9bn ($480m) first-of-a-kind reactor in South Africa. The new HTMR-100 reactor, being developed in Pretoria, produces 100MW of …
Suppliers to Support AP1000 Deployment at Kozloduy Nuclear Power Plant and Globally Westinghouse Electric Company today signed memorandums of understanding (MOUs) with 17 significant Bulgarian suppliers to support the upcoming AP1000® nuclear projects at the Kozloduy Nuclear Power Plant site in northern Bulgaria, and other projects throughout the region. This milestone is a result of …
Steady Energy – Finnish developer of the LDR-50 small modular reactor – has signed a collaboration agreement with TVO Nuclear Services related to the development of a nuclear heating plant, initially focusing on the planning of the nuclear facility’s operation and safety. TVO Nuclear Services (TVONS) is a consulting company wholly owned by Finnish utility …
EDF will need financial support to raise the tens of billions of euros needed to build a nuclear programme that includes six new generation EPRs in France, the CEO of the French state-owned company said late on Wednesday. “The amounts to be raised on the financial markets are colossal and exceed the capacity of a company, …
