Majority of Americans support more nuclear power in the country

A majority of U.S. adults remain supportive of expanding nuclear power in the country, according to a Pew Research Center survey from May. Overall, 56% say they favor more nuclear power plants to generate electricity. This share is statistically unchanged from last year. But the future of large-scale nuclear power in America is uncertain. While Congress recently passed a bipartisan …

US nuclear policy gains boost fuel supplier T.CCO as Q2 earnings jump 157%

The Canadian uranium producer sees long-term order growth as clean energy demand rises and U.S. nuclear operators seek alternatives to Russian supplies. Recent U.S. policy developments such as the July enactment of the ADVANCE Act and the U.S. Department of Energy’s June funding commitment for small modular reactor development, are among the longer-term tailwinds for Cameco’s North …

Florida’s Byron Donalds announces major legislative push for nuclear energy

Florida Republican Rep. Byron Donalds announced his “Summer 2024 Nuclear Push,” composed of 10 aspects in a bid to promote nuclear energy in the U.S. That includes six pieces of legislation and four letters to “leaders of top international institutions with nuclear financing capabilities.” Below is a list of Donalds’ upcoming legislation: H. RES. 1395 – USA …

New York could see electricity demand grow 90% by 2042: ISO

Long-duration batteries, small modular nuclear reactors, hydrogen and fuel cells may be needed to replace 25 GW of fossil generation by 2040. New York’s electricity demand could increase by 50% to 90% over the next two decades, driven by the electrification of heating and transportation and the development of energy intensive projects and industry, the state’s grid …

Rolls-Royce Small Modular Reactor design completes second step of regulatory assessment

The Office for Nuclear Regulation (ONR), the Environment Agency and Natural Resources Wales (NRW) have announced today that they are progressing to the next step of their assessment of Rolls-Royce SMR Ltd’s 470 MWe Small Modular Reactor (SMR) design. The Generic Design Assessment (GDA) process allows the regulators to begin assessing the safety, security, safeguards …

PH must diversify nuke energy tech to meet 1,200 MW goal by 2032

As the country races towards its target of generating 1,200 megawatts of nuclear energy by 2032, executives from Manila Electric Company (Meralco) raised the urgent need to diversify technology beyond micro modular reactors (MMRs) to hit its energy goals. Meralco executive vice president and chief operations officer Ronnie Aperocho said in a press briefing in …

Uranium contract prices soar on uncertain supply, AI-led power demand

Long-term uranium contract prices have hit over 16-year highs on supply uncertainty and higher demand from utilities scrambling to secure the radioactive fuel to aggressively expand their capacity to power mushrooming AI data centers. Term prices are now around $79 per pound, the highest since 2008, and estimated to rise further in coming months. “With …