More money will be committed to nuclear energy as the current government seeks to revive an industry greatly weakened by the previous government. It is committing 130.6 billion won ($99.8 million) this year, up from the previously announced 92.5 billion won. The Ministry of Trade, Industry and Energy on Wednesday signed an agreement with Korea …
China is expected to further expand its installed nuclear power capacity during the 2022-25 period as the country goes full speed ahead with its green energy transition, eyeing carbon neutrality by 2060, said an industry group. Prompted by the goal of peaking carbon emissions and achieving carbon neutrality, China is expected to approve six to …
The House of Representatives is scheduled to vote Friday on the bill, which includes major tax credit provisions to spur emissions-free energy, electric vehicles, nuclear power and clean hydrogen. The Senate approved the Inflation Reduction Act on a party-line vote Sunday, sending the bill to the House of Representatives for a scheduled vote on Friday. …
A majority of the German public are in favour of the continued operation of the country’s three remaining nuclear power reactors beyond the end of this year, the results of two opinion polls show. There is significant support for keeping the units running for up to another five years and even to construct new reactors …
President Biden on Sunday applauded the Senate passage of the Inflation Reduction Act, calling it the “largest investment ever in combatting the existential crisis of climate change” as he urged the House to pass its version of the bill as soon as possible. The president also touted the 775-page climate, health care and tax bill for “making …
Sen. Kyrsten Sinema, D-Ariz., the lone Democratic holdout on the Inflation Reduction Act, on Thursday agreed to support the bill, which includes about $369 billion in energy and climate spending. Senate Democrats aim to pass the bill through the budget reconciliation process, which requires a majority vote and cannot be blocked by a filibuster. Republicans appear …
The Philippines’ Bataan Nuclear Power Plant (BNPP) has not produced any electricity since it was finished in 1984, despite its $2.3 billion price tag and its promise of energy security during the 1970s oil crisis. Approved by former dictator Ferdinand Marcos Sr., his son and new President Ferdinand Marcos Jr. has revived discussions on proposals …
Nearly four decades after the Tennessee Valley Authority abandoned construction of more than half of the nuclear plants it once planned to build, the federal utility is moving forward again with plans to pursue the next generation of nuclear power. The federal utility said Tuesday it has an agreement with a nuclear manufacturer to pursue …
Germany’s last few remaining nuclear reactors could keep operating through the winter even though they are poised to close permanently by the end of this year, according to industry group Kerntechnik Deutschland. It’s possible that the three plants could generate power until spring in what’s known as ‘stretch-out mode’ that allows them to run at …
Finance Minister Christian Lindner has warned that Germany’s gas crisis could spark an electricity shortage. Despite opposition from his Green coalition partner, he is pushing for a delayed phaseout of nuclear power. The Isar-II reactor in Bavaria is due to be decommisioned at the end of the year German Finance Minister Christian Lindner on Sunday called …
