U.S. eyes nuclear reactor tax credit to meet climate goals -sources

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters. New subsidies, in the form of “production tax credits,” would likely be swept into …

Riding The Stock Waves: Technical Update On Cameco

Summary CCJ is one of the larger players in the uranium mining space. Global demand for uranium is increasing. There’s likely to be insufficient supply for future demand based on current construction plans for reactors in Asia and the Middle East. “Uranium miners like Cameco (NYSE:CCJ) are well-positioned as bullish investments over the next 3-5 …

China Will Lead The World In Nuclear Energy, Along With All Other Energy Sources, Sooner Than You Think

China now leads the world in total energy production and also produces almost twice the amount of electricity that the United States does, 4.4 trillion kWh versus 7.5 trillion kWh per year, respectively. With over a third of China’s population still being energy poor or in abject poverty, this will grow even more. And a …

Climate leaders must include nuclear in net-zero debate

The Canadian Nuclear Association, Europe’s Foratom, the Japan Atomic Industrial Forum, the USA’s Nuclear Energy Institute, the UK’s Nuclear Industry Association and World Nuclear Association have issued a joint statement ahead of the Leaders Summit on Climate that starts today. At the invitation of US President Joe Biden, world leaders will convene for the two-day …

DOE project supports microreactor deployment

The US Department of Energy (DOE) is planning to build a microreactor to help researchers and end-users understand how microreactors can integrate with other technologies. The Microreactor Applications Research Validation and EvaLuation (MARVEL) liquid-metal cooled microreactor could be operational within three years. Microreactors are very small, factory fabricated, transportable reactors which could provide power and …

Nuclear “worth looking at” for African countries

Nuclear can help Africa generate the energy its people need for economic prosperity, while helping to meet the dual challenge of rapidly growing energy demand and concerns for the environment, International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi has said this week. Governments across Africa are devising policies to become middle-income countries in …

US conversion plant gears up for next 40 years

The business case behind the decision to restart the USA’s only domestic uranium conversion facility announced earlier this year rested on suitable answers to several “puzzle piece” questions falling into place, ConverDyn’s Malcolm Critchley told the World Nuclear Fuel Cycle forum yesterday. Price had not been the only reason behind Honeywell’s November 2017 decision to …