Challenging the nuclear finance status quo

Financial challenges facing nuclear energy need to be tackled by disrupting the status quo to help drive down costs, delegates heard at the recent World Nuclear Association 2018 Symposium in London. Excluding nuclear energy drives up the cost of electricity in future low-carbon scenario projections, Idaho National Laboratory’s David Petti, executive director of the recently released MIT …

America’s National Security Is Undermined by Reliance on Foreign Uranium

Nuclear power generation provides about 11 percent of the world’s electricity from approximately 450 nuclear reactors. The United States is far and away the world’s largest producer of nuclear power, accounting for more than 30 percent of worldwide nuclear generation of electricity. The United States has 99 nuclear reactors, which produced 805 billion kilowatt hours (kWh) in …

Russia, China Discuss Joint Development of Overseas NPP Projects – Rosatom

Russian State Nuclear Energy Corporation Rosatom has held initial discussions with its Chinese partners on potential projects to jointly build nuclear power plants in third states, Rosatom CEO Alexey Likhachev said on Wednesday. The discussions have started. The talks are on the initial stage,” Likhachev said at the Eastern Economic Forum (EEF). Earlier this year, Rosatom state …

SPAIN – Spot finds support amid French nuclear outages

Spanish spot power prices are set to remain strong this week as nuclear outages in France continue to underpin power markets. Baseload power for Monday and Tuesday settled at EUR 66.56/MWh and EUR 67.67/MWh, respectively, compared to last week’s average of EUR 65.25/MWh. Spanish day-ahead prices could average EUR 65.71/MWh this week, according to Energy Quantified …

France’s Nuclear Future in Play

Ecology minister’s sudden resignation puts spotlight on controversial power source. France produces almost three-quarters of its electricity from nuclear power. That didn’t sit well with Ecology Minister Nicolas Hulot, who abruptly quit his post after he “failed to convince” the government in questioning the use of atomic energy. President Emmanuel Macron, aiming to boost renewables as he prepares an energy-policy …