During COP28, UAE was among 22 countries committing to tripling global nuclear capacity by 2050 as part of the transition to Net Zero The Federal Authority for Nuclear Regulation (FANR), the regulatory body for the nuclear sector in the UAE, is “proactively developing” future strategies to serve more nuclear reactors, a top official said in …
China can aim to approve as many as 10 new nuclear reactors a year to accelerate its rapid expansion of capacity, according to the chairman of one of the nation’s largest developers. Three or four new reactors will be added to the national fleet this year to take China’s capacity to about 60.8 gigawatts, according …
The Dutch parliament on Tuesday voted in favour of a motion that proposed building four new nuclear plants instead of two. The motion said the two extra nuclear plants should be ready to use from 2040 onwards. The outgoing government had already decided in 2022 to build two new nuclear plants by 2035 and has now been …
States could use 24/7 carbon-free energy credits, potentially stacking them with federal incentives from the Inflation Reduction Act , according to Nuclear Energy Institute officials. A working group run by the Public Utility Commission of Texas is exploring how to attract advanced nuclear reactors to the state, potentially by offering clean energy credits or other …
The fourth unit start-up moves Barakah towards generating 25% of UAE’s electricity needs, 24/7 – Barakah accelerates decarbonization of the UAE grid and achievement of Net Zero by 2050 target – Barakah offers a new model for efficient nuclear plant development The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and …
The federal government is providing CAD50 million of funding to support pre-development work to study the feasibility of building 4800 MWe of new generating capacity at the Bruce site in Ontario. The funding was announced by Minister of Energy and Natural Resources Jonathan Wilkinson at the Canadian Nuclear Association’s CNA 2024 conference, which is taking …
The House on Wednesday evening approved bipartisan legislation that aims to bolster nuclear energy. The vote was 365-36, with one additional lawmaker voting present. All of the “no” votes were Democrats and included several members of the Progressive Caucus. Rep. Marcy Kaptur (D-Ohio) voted present. The legislation aims to bolster the U.S.’s nuclear energy production by speeding up environmental …
Germany could be eyeing a return of nuclear power just two years after it was phased out should early polling for the next general election prove correct, with one leading politician saying current energy policy is crumbling. Polls indicate the centre-right Christian Democrats (CDU), which now supports a revival of the country’s nuclear power assets …
Federal nuclear production tax credits are providing the foundation for the USA’s largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast. Constellation recently marked its second anniversary as a standalone company since the separation of Exelon Generation’s regulated utility and …
Canada sold C$4 billion ($3 billion) of debt Tuesday, its first issue under an amended framework for green bonds that allows the country to raise funds to support nuclear power. The 10-year bonds have a 3.5% coupon and yield half a basis point less than Canadian government debt due in December 2033. The new framework …
