What Can Investors Learn From the French-Mongolian Uranium Mining Deal

French President Emmanuel Macron and Mongolian President Ukhnaagiin Khurelsukh in Paris, October 12, 2023. Photo credit: Reuters The ink is barely dry on a landmark French-Mongolian uranium mining deal. After over 20 years of exploratory work in the Gobi desert, France’s state-owned Orano has secured rights to begin commercial production around 2028 at the Zuuvch …

Swedish Nationalists Mull New Nuclear Firm to Rival Vattenfall

The Swedish government’s key coalition partner is ratcheting up pressure on Vattenfall AB to expand nuclear power production and says a separate company could be formed for that purpose if the state-run utility doesn’t move fast enough. The strategy of the nationalist Sweden Democrats, whose support is crucial to the country’s three-party government, stems from …

DOE selects 7 hydrogen hubs for $7B funding opportunity

The selection of several hubs focused on hydrogen production from fossil fuels and carbon capture drew the ire of environmental groups. The U.S. Department of Energy on Friday announced its selection of seven regional hydrogen hubs in Appalachia, California, the Gulf Coast, the Mid-Atlantic, the Midwest, the Pacific Northwest and a Heartland hydrogen hub comprising Minnesota and …

Strained France-Germany ties slow EU decision making

The sight of French President Emmanuel Macron and his cabinet drinking beers on a boat with their German counterparts in Hamburg this week will project an image of the enduring Franco-German friendship. But the informal team-building exercise, a German government tradition called “Klausur”, belies a power struggle between the European Union’s two biggest powers and …

Holtec Formally Initiates Process with NRC to Reauthorize Operations at Palisades Power Plant

We are pleased to announce that the company has submitted a filing with the U.S. Nuclear Regulatory Commission (NRC) to formally begin the process of seeking federal reauthorization of power operations at the 800-megawatt Palisades Power Plant in Covert Township, Michigan. This filing follows a series of public meetings with NRC staff to lay out …

Swedish nuclear: Government moves to change law

A bill to amend Sweden’s legislation on nuclear power has been introduced by the country’s government in parliament. It aims to remove the current law limiting the number of reactors in operation to ten, as well as allowing reactors to be built on new sites, rather than just existing ones. “The proposals mean that the …

Edison aims to double core profits by 2030, eyes nuclear energy

Edison EDNn.MI aims to nearly double its core earnings by 2030 with an accelerated roll out of renewables and hopes to restart producing nuclear energy by 2040, the Italian energy group said. In its long-term strategy plan, the Italian subsidiary of France’s EDF EDF.PA said it was targeting earnings before interest, taxes, depreciation and amortisation (EBITDA) of between 2 …

ABS approves Korean SMR power barge design

A design for a floating offshore nuclear power barge from HD Korea Shipbuilding & Offshore Engineering (KSOE) and Kepco Engineering & Construction (Kepco E&C) has received approval in principle from the American Bureau of Shipping (ABS). Project collaborators include ABS, HD KSOE, KEPCO E&C and the Liberian International Ship & Corporate Registry (LISCR). The floating …