South Korea’s Ministry of Science & ICT (MSIT) has signed a memorandum of understanding with eight Korean companies to cooperate on the development of next-generation nuclear reactors. “While nuclear power is emerging as a core strategic technology due to the global climate crisis and reorganisation of the energy supply chain, competition for next-generation nuclear reactors …
In the shadow of a massive monument glorifying nuclear power, over 30 nations from around the world pledged to use the controversial energy source to help achieve a climate-neutral globe while providing countries with an added sense of strategic security. The idea of a Nuclear Energy Summit would have been unthinkable a dozen years ago …
The Advanced Clean Electricity initiative aims for widespread commercial deployment of advanced nuclear, next-generation geothermal and long-duration storage by the early 2030s. On March 19, Nucor, Microsoft and Google announced the Advanced Clean Electricity request for information, or RFI, a joint initiative to stimulate development and deployment of reliable, low- or zero-carbon electricity generation technologies like advanced …
Shuttering of New York facility raises awkward climate crisis questions as gas – not renewables – fills gap in power generation When New York’s deteriorating and unloved Indian Point nuclear plant finally shuttered in 2021, its demise was met with delight from environmentalists who had long demanded it be scrapped. But there has been a …
Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term offering, for investments such as maintenance, uprates and life extensions of its nuclear power plants. A green bond is a financial instrument that …
Bill Gates at TerraPower with a mock-up of metal fuel pin bundles for his planned SMR. TerraPower, a company founded by Bill Gates, says it plans to start building the first of a new generation of nuclear power plants in the US in June, joining a race with Russian and Chinese rivals to develop and …
Minister will ask Niigata’s governor for approval: report Tepco’s stock surged as potential restart would help cut costs Japan’s government is ramping up an effort to secure local approval to resume operations at the world’s biggest nuclear power plant, according to a report, amid a wider push by the nation to restart its idled fleet …
The island’s resistance to a dependable—and desperately needed—source of energy has been shaped by a covert history. After a contested race, the people of Taiwan have elected current Vice President Lai Ching-te to be their next president. The result keeps the Democratic Progressive Party, which broadly favors Taiwanese sovereignty and closer ties with the United …
Darlington Nuclear is making a habit of getting work done as promised after announcing this week that early work on the small modular reactor megaproject at the Clarington nuclear plant is on time and on budget. Darlington is also undergoing a complete refurbishment of its four reactors, with Unit 3 returning to service last August …
Belgium’s Federal Energy Commission is in the final stages of agreeing on the ten-year extension of its two newest nuclear reactors, Doel 4 and Tihange 3 before a vote will be held to conclude the process. But the nuclear debate is proving divisive to the bitter last, with several parties in the opposition …
