Duke Energy ups 10-year capital spending plan to $145B to modernize grid, move to zero-carbon generation

Duke Energy’s capital investment and energy transition plans call for $145 billion in spending over the next decade, with costs up by $10 billion over the company’s previous ten year plan, according to an announcement released Tuesday. Some 85% of the spending will go toward grid modernization and to the company’s transition toward decarbonized generation, according to …

Brookfield sees new dawn for nuclear

Westinghouse’s technology portfolio includes the AP1000 (Image: Westinghouse) There is no credible net-zero scenario in which nuclear does not grow its capacity from today, global asset management company Brookfield said in a newly released White Paper. The worldwide drive to net zero is shining a spotlight on nuclear as a clean, safe and mature source …

DOE Seeks Input on the Bipartisan Infrastructure Law’s Civil Nuclear Credit Program Round Two Funding

Public Feedback Will Inform Guidance for Applicants of Nuclear Facilities Projected to Close Due to Economic Circumstances The U.S. Department of Energy (DOE) today released draft guidance for the second award cycle of the $6 billion Civil Nuclear Credit (CNC) Program, authorized by the President’s Bipartisan Infrastructure Law to prevent the premature retirement of nuclear …

Ontario Supports Plan to Safely Continue Operating the Pickering Nuclear Generating Station

Ontario Power Generation will also provide the province with an updated refurbishment feasibility assessment The Ontario government is supporting Ontario Power Generation’s (OPG) continued safe operation of the Pickering Nuclear Generating Station. At the Ontario government’s request, OPG reviewed their operational plans and concluded that the facility could continue to safely generate electricity. “Keeping Pickering …

Japan’s Mitsubishi Heavy to develop safer nuclear reactor

Mitsubishi Heavy Industries’ next-generation nuclear power reactor could be in operation by the mid-2030s. (Illustration courtesy of Mitsubishi Heavy Industries) Company partnering with Kansai Electric and three other energy companies Mitsubishi Heavy Industries will work with four local power utilities, including Kansai Electric power, to develop a nuclear reactor with enhanced safety features. As the Japanese government considers …

Romania’s Nuclearelectrica launches joint venture for small modular nuclear reactors

Nuclearelectrica and Nova Power and Gas launched RoPower Nuclear, a project firm for the development of small modular reactors in Romania on the site of a former coal plant. They plan to use NuScale’s technology to build a 462 MW nuclear power plant, with a possibility to add 80 MW in capacity from renewable energy …