TerraPower has announced plans to team with nuclear fuel and services provider Centrus Energy to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU). This, it says, will be needed to fuel many next-generation reactor designs, including the recently announced Natrium Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy. Existing reactors …
Today, the U.S. Department of Commerce (Commerce) and the State Atomic Energy Corporation Rosatom (Rosatom), on behalf of the Government of the Russian Federation, initialed a draft amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation (Agreement), which was originally signed in 1992. This amendment, if finalized, will extend the …
The US Department of Energy has recently announced more than $65m in awards for 93 advanced nuclear technology projects in 28 states. We look at the most promising projects set to lead the future of nuclear power in the country. On 18 June 2020, the US Department of Energy announced it would be awarding more than …
The US-developed AP1000 technology was once the basis of China’s third-generation nuclear power But China’s Hualong One is now the preferred option China has switched from American nuclear power technology to a domestically developed alternative as worries over energy security and geopolitical uncertainties increase. The AP1000 technology, designed by America’s Westinghouse Electric Company, was once …
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 …
The future of nuclear power in China is promising, Zheng Mingguang, Chief Engineer at China’s State Power Investment Corporation (SPIC) told World Nuclear Association’s Strategic eForum 2020yesterday. He believes both the use of large and small-scale reactors will find applications in China beyond just electricity generation. Speaking during the high-level panel Driving investment towards nuclear projects, …
Summary After recent supply cuts, Uranium was in a supply deficit coming into 2020. COVID-19 further reduced supply, for both 2020 and 2021, with the two largest producers now buying in the spot market. Uranium prices have to significantly increase to encourage new supply. After a decade long bear market, the time to invest in …
Electricity generated from the world’s nuclear reactors increased for the seventh consecutive year in 2019, with electricity output reaching 2657 TWh. This was an increase of 95 TWh on the previous year, and the second-highest ever output, according to Agneta Rising, Director General of World Nuclear Association. At the end of 2019 the capacity of …
Freight water terminal located at Padma river became fully operational on Rooppur NPP construction site in Bangladesh (General Contractor — JSC “Atomstroyexport”, a company of Rosatom Engineering Division). The port is intended for receiving various process equipment for the construction and further operation of Nuclear Power Plant, including the delivery of fresh fuel and removal …
A working group that has examined the need to reform the nuclear energy legislation considers it necessary to launch a comprehensive legislative reform because of the ambiguity of the current legislation, changes in the operating environment of nuclear facilities and the expected developments. The working group submitted its final report to Minister of Economic Affairs …