Company announces rights issue to plug balance sheet Nuclear outages seen reducing core profit by 11 bln euros Selling power below market prices means an 8 bln euro hit The French state said on Friday it will inject around 2.1 billion euros ($2.39 billion) into EDF (EDF.PA) to ease the financial pain inflicted by nuclear reactors going …
New York passed a law in 2019 requiring the state to eliminate carbon dioxide emissions from power plants by 2040. But over the last two years, the exact opposite has happened: CO2 from power plants has climbed nearly 15 percent, according to EPA data. New York’s experience is hardly unique. In neighboring New England, where …
Duke Energy Corp. is working with some of the biggest names in new nuclear technology as it considers future investments in small-scale reactors to help advance its clean-energy push. “We are spending time with small modular reactors and with advanced nuclear with storage capability,” Chief Executive Officer Lynn Good said Thursday in an interview with …
Brief: The Department of Energy (DOE) will spend $6 billion on a program designed to keep nuclear power plants from closing, according to a notice of intent published last week. The department’s Civil Nuclear Credit Program is backed by funding from the bipartisan Infrastructure Investment and Jobs Act signed into law in November. The program will …
Smoke rises from a chimney at the Bugey Nuclear Power Plant in Saint-Vulbas, France, on Jan. 25. A dispatch from a possible 2072. The year is 2072. Any hope of limiting global warming to 1.5 degrees Celsius is long dead. Earth’s mean temperature is about 2.1 degrees Celsius above preindustrial levels—and climbing still, with human …
The Government of the Russian Federation will allocate about RUB100 billion ($1.3bn) for new nuclear projects, Prime Minister Mikhail Mishustin announced on 11 February. Projects for the creation of new nuclear power facilities will receive about RUB56 billion from the National Wealth Fund (NWF), another RUB40 billion will be allocated from the budget. “We have …
New generation nuclear power stations might be crucial to achieving the target of zero emissions by mid-century and staving off the worst of the climate crisis, a new study published in the journal Nature Energy suggests. Solar power and wind are key to hitting this goal, but they might not be enough without major investments, or in places without …
We profile five upcoming nuclear projects from around the world, as nations increasingly turn to the technology to meet decarbonisation targets. Nuclear power is increasing the world over, with International Energy Agency (IEA) figures showing global energy generation from nuclear sites grew 3.5% in 2021 compared with 2020 levels, recovering from a drop of almost …
Matsue, Shimane Pref., Feb. 15 (Jiji Press)–Matsue Mayor Akihito Uesada on Tuesday indicated his consent to the restart of an idled nuclear reactor in the capital of Shimane Prefecture, western Japan. Attention has now shifted to whether the Shimane prefectural assembly and the Shimane governor will approve the restart of the No. 2 reactor at …
68 Selectees Across 22 States Will Drive the Development and Commercial Deployment of Advanced Technologies for Fusion Energy, Electric Vehicles, Offshore Wind and More WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced $175 million for 68 research and development projects aimed at developing disruptive technologies to strengthen the nation’s advanced energy enterprise. Led …
