Progress toward the historic restart of the Palisades Nuclear Power Plant made a monumental step forward today with the announced close of a $1.52 billion loan from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The announcement took place on site in Covert Township, Michigan, before a large gathering of Holtec associates, skilled …
Last month, Constellation Energy announced a 20-year power purchase agreement (PPA) to provide electricity to Microsoft data centers in the mid-Atlantic region from the Unit 1 reactor at the Three Mile Island nuclear power plant in Pennsylvania. Unit 1 had returned to operation in 1985 after the 1979 partial meltdown that affected the adjacent Unit 2, but it was …
Data centers are expected to consume more and more electricity thanks to growth in artificial intelligence and cryptocurrency mining — and nuclear energy and uranium appear a good way for investors to gain exposure to this rise in power demand. Clearly, data centers and AI need “consistent, baseload power,” while many information-technology (IT) companies in …
More than half the Swiss population supports the government’s plan to lift a ban on the construction of new nuclear power plants. This is the result of a new survey commissioned by 20 Minuten and Tamedia and reported by the SonntagsZeitung. The Federal Council reignited the debate on nuclear power plants at the end of August with its plan to …
The nuclear energy landscape in the United States is changing rapidly as demand for clean firm power rises and the nation strives to meet its climate goals. Thanks to the Bipartisan Infrastructure Law and Inflation Reduction Act, the domestic nuclear industry is leveraging federal funding, loan authority, and new tax incentives to extend reactor operations, …
Duane Arnold Energy Center The owner of the Duane Arnold nuclear power plant is weighing whether to bring the facility back online as more power hungry data centers are coming to eastern Iowa. The Duane Arnold Energy Center in Palo shut down four years ago with its owner, NextEra, saying it wasn’t economically viable anymore. …
National Atomic Company “Kazatomprom” JSC participated in the Financing the Tripling of Nuclear Energy Forum hosted by Net Zero Nuclear. The Forum, attended by global leaders of large financial institutions and governmental officials, serves as yet another indicator that the uranium market fundamentals are stronger than ever. Kazatomprom as the largest uranium producer in the …
Westinghouse President and CEO Patrick Fragman visited Poland last week and the site of the country’s first nuclear power plant to see the progress of preliminary work along the Baltic Sea. He also met with Polish President Andrzej Duda, U.S. Ambassador Mark Brzezinski and many other leaders on the heels of the government’s new commitment …
The Philippines aims to have its first nuclear power plant by 2032, joining Asian counterparts in turning to the emissions-free power source for its booming electricity needs. The government will prioritize legislation focused on nuclear safety, and ensure that legal and regulatory frameworks are in place to safeguard public health, environmental protection and national security, …
US uranium production continues to grow, with 2024’s year-to-date production already more than triple that recorded for the whole of 2023, according to the latest figures from the US Energy Information Administration (EIA). Meanwhile, as press reports suggest US concern that its ban on Russian uranium might be being circumvented, the Office of the United …
