Constellation Energy, Vistra Corp., Talen Energy and GE Vernova tumbled in early trading as China’s DeepSeek AI lab debuted, scaring investors with a lower-cost business model. Constellation, Vistra and GE Vernova were leading the S&P 500 this year as investors speculated on AI’s power needs. Now, the arrival of DeepSeek is raising questions about how …
Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a potentially longer and more expensive process of hooking into a fraying electric grid that serves everyone else. It’s raising questions over whether diverting power to higher-paying customers …
Thirty-year extension would create thousands of jobs and low-cost emissions-free power The Ontario government has approved Ontario Power Generation’s (OPG) plan to proceed with the Project Definition Phase, the next step toward refurbishing Pickering Nuclear Generating Station’s “B” units to secure more power and create thousands of jobs across the province. As part of the …
Italy aims to finalise by the end of 2027 a plan allowing the use of nuclear power again after it was banned almost 40 years ago, Energy Minister Gilberto Pichetto Fratin said in an interview published on Thursday by Italian daily Il Sole 24 Ore. Prime Minister Giorgia Meloni’s right-wing government has said small modular …
Santee Cooper, the big power provider in South Carolina, has tapped financial advisers to look for buyers that can restart construction on a pair of nuclear reactors that were mothballed years ago. The state-owned utility is betting interest will be strong, with tech giants such as Amazon.com and Microsoft in need of clean energy to fuel data centers for …
Belarus President Alexander Lukashenko is mulling the idea of building a second nuclear power plant (NPP) to improve the country’s energy security and earn more money from exports to Russia. Lukashenko is due to discuss the project with Russian President Vladimir Putin, according to a Telegram channel linked to the Belarusian leader’s press service. “In …
Sanction clauses will be included in contracts for the construction of Kazakhstan’s first nuclear power plant (NPP) with a capacity of 2.4 gigawatts (GW), according to the Ministry of Energy’s response to an inquiry from Kursiv.media. «As part of ongoing negotiations with companies bidding to construct the NPP in Kazakhstan, issues related to sanctions are …
Legislators are proposing to create a group dedicated to developing commercial nuclear energy in the state of Utah just months after Gov. Spencer Cox announced a plan to combat Utah’s “looming energy crisis.” State officials first publicly introduced the idea of building nuclear power plants in October, saying it would help satisfy Utah’s increasing energy demand …
Connecticut Democrats’ energy proposals this year include an override of the state’s 40-year moratorium on nuclear power plants to allow for the construction of small modular reactors. Senate Democratic leaders announced their “Ratepayers First Act” energy legislation at a media briefing at the Legislative Office Building in Hartford on Thursday. Senator Norm Needleman, co-chair of …
North Dakota lawmakers could start the process of adding a new source of power. House Bill 1025 would allocate $500,000 towards developing and presenting a study on how feasible nuclear energy would be. It also would look into the environmental and economic impacts. Sen. David Houge, R-Minot, said the state needs to think long-term when …
