Nuclear energy could make a comeback under Democrats’ new bill

Senior Nuclear Engineer Randall Granaas takes a radiation reading at the ISFSI at the shuttered San Onofre Nuclear Generating Station in California on April 21, 2022. (Photo by Paul Bersebach/MediaNews Group/Orange County Register via Getty Images) Constrained by the capacity limits of renewable energy and ambitions to reduce reliance on fossil fuels, nuclear energy is …

More funds to be committed to nuclear industry revival

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 …

Nuclear power’s role in green goals grows

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 …

Senate passes Inflation Reduction Act with $369B in energy and climate spending

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. …

Biden cheers Senate vote on Inflation Reduction Act, urges House to pass bill quickly

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 …

Sinema backs Inflation Reduction Act, clearing hurdle to $369B energy, climate package

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 …

Global energy crisis drives rethink of nuclear power projects

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 …

TVA moving forward with plans for smaller nuclear reactors to achieve carbon-free goal

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 …