Many European nations are reinvesting in or reconsidering nuclear power after years of declining use, as Moscow’s full-scale invasion of Ukraine last year exposed the region’s reliance on Russian energy. Finland opened a new nuclear power plant last month, sending electricity prices down by 75%. France just passed a law accelerating the construction of new reactors, while …
Building a nuclear power plant is a difficult job. It takes years of planning and sometimes more than a decade to complete. The risk of schedule delays is great, especially on first-of-a-kind projects, and the financial implications of such setbacks can ruin a company. Yet, the Tennessee Valley Authority’s (TVA’s) president and CEO, Jeff Lyash, …
NuScale Power has signed a memorandum of understanding (MoU) with North American steel manufacturer Nucor Corporation to explore the deployment of NuScale’s VOYGR small modular nuclear reactor (SMR) power plants at Nucor’s scrap-based Electric Arc Furnace (EAF) steel mills. As part of the MoU, the companies will evaluate site suitability, transmission interconnection capabilities and capital …
Momentum grows for banning Russian imports of uranium used in nuclear fuel Legislation to ban Russian uranium imports is gaining momentum on Capitol Hill, as lawmakers look to further punish Moscow for invading Ukraine. Yet the United States remains heavily reliant on Russia for uranium, the main fuel used by nuclear power plants – yet …
U.S. Energy Secretary Jennifer Granholm said she is “hopeful” about pending loan applications to fund the restart of the closed Palisades nuclear plant in Michigan. If approved, the approximately $1 billion in federal loans could help pay for the power plant to become the first U.S. nuclear reactor to restart after powering down. Lawmakers …
Nuclear Energy Institute (NEI) President and CEO Maria Korsnick gave the organization’s annual “State of the Nuclear Energy Industry Address” on May 15, 2023. Courtesy: NEI “Everywhere we look, we’re seeing demand surging,” Maria Korsnick, president and CEO of the Nuclear Energy Institute (NEI), said. “When we talk about demand for nuclear, we’re talking about …
The start of a much-delayed nuclear plant in Finland has helped bring down electricity prices by more than 75 per cent in the Nordic country. The Olkiluoto 3 (OL3), Europe’s first new nuclear plant in 16 years, began operating in April and is capable of meeting up to 15 per cent of the country’s power demand. Nuclear made …
There is widespread public support for advanced nuclear energy technologies, according to a new, multinational survey of attitudes toward nuclear energy. The report is a collaborative effort by the non-governmental organisations ClearPath, Third Way, Potential Energy Coalition and RePlanet. The large-scale online survey questioned 13,500 members of the general public in eight countries – France, Germany, Japan, …
Private power generation company GS Energy has signed a memorandum of understanding (MoU) with Uljin County in North Gyeongsang Province, South Korea, to consider the use of NuScale Power’s small modular reactor (SMR) technology to provide heat and power to the planned Uljin Nuclear Hydrogen National Industrial Complex. Under the MoU – signed on 4 …
The Italian parliament on Tuesday backed the government’s plan to include nuclear in the country’s energy mix as part of its decarbonisation efforts after abandoning its nuclear programme nearly four decades ago. “We will now discuss with our European partners and evaluate, with the utmost attention, how to include it in the national energy mix …
