Duke Energy ups 10-year capital spending plan to $145B to modernize grid, move to zero-carbon generation

Duke Energy’s capital investment and energy transition plans call for $145 billion in spending over the next decade, with costs up by $10 billion over the company’s previous ten year plan, according to an announcement released Tuesday. Some 85% of the spending will go toward grid modernization and to the company’s transition toward decarbonized generation, according to …

Ansaldo, Westinghouse Partner on Nuclear Plant Based on Lead-Cooled Fast Reactor Design

Westinghouse and Ansaldo Energia’s Switzerland-based nuclear arm, Ansaldo Nucleare, will cooperate in developing a nuclear power plant based on lead-cooled fast reactor (LFR) technology. The two companies, which have separately spearheaded the development of fast-reactor designs, said they will advance a common design “to maximize synergies, combine experience in design, testing and licensing, and align respective partner and …

Revival of nuclear power puts uranium in spotlight on the commodity market

With the rising price of oil and natural gas this year and supplies being embargoed from Russia, talk of nuclear power has increased substantially. Today we look at the commodity powering nuclear plants – uranium. Background Uranium occurs naturally in low concentrations in soil, rock and water, and is commercially extracted from uranium-bearing minerals such as …

Brookfield sees new dawn for nuclear

Westinghouse’s technology portfolio includes the AP1000 (Image: Westinghouse) There is no credible net-zero scenario in which nuclear does not grow its capacity from today, global asset management company Brookfield said in a newly released White Paper. The worldwide drive to net zero is shining a spotlight on nuclear as a clean, safe and mature source …

DOE Seeks Input on the Bipartisan Infrastructure Law’s Civil Nuclear Credit Program Round Two Funding

Public Feedback Will Inform Guidance for Applicants of Nuclear Facilities Projected to Close Due to Economic Circumstances The U.S. Department of Energy (DOE) today released draft guidance for the second award cycle of the $6 billion Civil Nuclear Credit (CNC) Program, authorized by the President’s Bipartisan Infrastructure Law to prevent the premature retirement of nuclear …

US redoubles efforts to end dependence on Russian nuclear fuel

The Biden administration’s top energy official said the U.S. will redouble its efforts to break free from its reliance on Russian nuclear fuel. Secretary of Energy Jennifer Granholm said the White House is prioritizing development of domestic uranium-enrichment capacity and predicted key legislators will fall in line, so that a fuel-manufacturing plan can be in …