Funding of up to USD275 million to advance the deployment of a NuScale Power Corporation VOYGR small modular reactor (SMR) plant in Romania was announced at the G7 leaders’ summit by the USA and “multinational public-private partners” from Japan, South Korea and the United Arab Emirates. The money announced includes a Letter of Interest from …
A collaboration between Danish and Indonesian companies will study the operational and regulatory conditions for constructing an ammonia production facility in Indonesia powered by Copenhagen Atomics’ small and modular thorium molten salt reactors. Four Danish companies – Copenhagen Atomics, Aalborg CSP, Alfa Laval and Topsoe – have signed a memorandum of understanding with Indonesian ammonia …
The government intends to accelerate the construction of nuclear power reactors in the southeastern North Gyeongsang county of Uljin that was suspended under the previous Moon Jae-in administration’s nuclear phase-out policy. Second vice energy minister Kang Kyung-sung, who checked up on the construction of Shin Hanul Numbers Three and Four reactors on Thursday, called for …
Nuclear could provide up to 150 GWe of generating capacity by 2050 in the European Union, according to a statement issued by 16 European countries following a meeting in Paris with European Commissioner for Energy Kadri Simson. The so-called Nuclear Alliance called on the European Commission to recognise nuclear energy in the EU’s energy strategy …
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 …
