Korean conglomerate to cooperate with TerraPower

South Korea’s SK Group has signed a Memorandum of Understanding (MoU) with TerraPower of the USA to jointly develop “next-generational technologies” needed for small modular reactors (SMRs). The MoU was signed on 17 May in Seoul by SK Inc Vice Chairman Jang Dong-hyun, SK Innovation Vice Chairman Kim Jun and TerraPower CEO Chris Levesque. SK said …

Duke Energy proposes new solar, wind and nuclear, but environmentalists decry reliance on gas

Dive Brief: Duke Energy has identified two potential pathways, including four final portfolios, that would enable the 70% carbon reduction required by state law in North Carolina by 2030. Each of the plans would see all coal power plants retired by 2035, add 3,700-5,900 MW in new renewable energy resources, and lay the groundwork for the eventual dispatch of …

Manchin Calls For Stronger U.S.-Canada Energy And Mineral Partnership To Ensure Free World’s Energy Security And Address Climate Change

Manchin: It’s imperative that America increases responsible energy production to contribute to a strong North American Energy Alliance Today, U.S. Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee, delivered the following remarks during a full committee hearing to examine ways to strengthen the energy and mineral partnership between the U.S. …

Utilities seek more time to consider U.S. nuclear credit program

Two utility industry trade groups have asked for more time for their members to consider applying for funds under a new federal program to stop nuclear generators from shutting down. Edison Electric Institute and Nuclear Energy Institute made the request to Energy Secretary Jennifer Granholm in a letter sent on Monday. Under the program, which …

Singapore Ponders Nuclear Power As It Seeks to Decarbonise

The invasion of Ukraine has triggered countries worldwide to end their dependency on Russian gas supplies. And while for some like the US, this means at least temporarily increasing national oil and gas outputs, global leaders must not forget their climate pledges in a bid to halt global warming. For many, achieving carbon neutrality means diversifying …

Tokyo Steel Calling for Faster Nuclear Power Revival in Japan

A major Japanese steel-maker is calling for a quicker restart of nuclear reactors that were idled after the Fukushima disaster more than a decade ago as it grapples with soaring energy costs. Tokyo Steel Manufacturing Co., Japan’s biggest producer of steel made from scrap, said more nuclear power generation was essential to revive the competitiveness …