Horizon eyes transfer of nuclear sites

Horizon Nuclear Power is in discussions about transferring its Wylfa Newydd and Oldbury nuclear-build sites to another developer. Horizon confirmed in September that it was scrapping its work at the sites after parent company Hitachi failed to agree a funding deal with the UK Government. It later asked Whitehall to delay a decision on a …

Markets lack a price signal for nuclear investment

The nuclear industry should work with policymakers on the design of market mechanisms that can produce a clear price signal to attract investors to this low-carbon form of electricity, Jostein Kristensen, partner with economics consultancy firm Oxera, told participants in World Nuclear Association’s Strategic eForum last week. Markets currently do not reflect the value of …

For nuclear plants operating on thin margins, growing climate risks prompt tough choices

As the single-largest carbon-free source of electricity, nuclear power often plays a big part in plans to decarbonize energy. Many policymakers insist that nuclear must be part of any solution to avoid the worst consequences of climate change over the coming decades. But as the debate over preserving existing nuclear plants and supporting advanced nuclear …

Looking beyond Hinkley Point C

IN JUNE, EDF ENERGY ANNOUNCED it had completed the 49,000-metric-tonne concrete basemat for the second EPR reactor at Hinkley Point C in Somerset. The milestone was achieved “on schedule”, despite the coronavirus pandemic and a reduction of “more than half” in the number of workers on site since March. Completion came less than a year …

Covid-19 Has Slammed the Energy Sector. Here’s a Hot Commodity That Could Keep Rising

Uranium has outperformed major commodities this year, even as the energy sector has suffered from a drop in petroleum demand tied to the coronavirus pandemic. The crisis was a “black swan event” that pushed supply-demand fundamentals into a “structural shortfall,” says Scott Melbye, executive vice president at Uranium Energy Corp. “Substantial global uranium mine disruptions” …

U.S. Nuclear Industry Shaved Generating Costs by 7.6% Compared to 2018

The U.S. nuclear power fleet last year achieved its lowest recorded average total generating costs in two decades—$30.42/MWh—though it ran at a record-high 93.4% average capacity factor. Total generating costs were 7.6% lower last year compared to the prior year, and have fallen nearly 32% since 2012. The numbers, highlighted in the Nuclear Energy Institute’s …