Nuclear power remains an indispensable tool for Hungary to ensure energy supply security and achieve its climate objectives amid ongoing geopolitical instability, Hungarian State Secretary for Energy András Tótth declared. At the FIRST Europe regional conference on the potential deployment of small modular reactors (SMRs), Secretary Tótth emphasized that the government in Budapest remains fully …
The agreement advances negotiations on the EPC contract for the construction of a three-unit AP1000® plant in Pomerania The Westinghouse-Bechtel consortium and Polskie Elektrownie Jądrowe (PEJ) have agreed on the main commercial terms of the Engineering, Procurement and Construction (EPC) contract that will deliver Poland’s first nuclear power plant. Reaching agreement on these terms advances …
Prime Minister Nikol Pashinyan said that negotiations with several countries are continuing over the planned construction of a new nuclear power plant in Armenia to replace the aging Metsamor facility. “We have a nuclear power plant [Metsamor] that was built during the Soviet era, and the operating life of that nuclear power plant is nearing …
There are a lot of wild nuclear bets in the market. One enrichment company holds a strong hand. Uranium enrichment—a key step in making nuclear fuel—is a unique corner of the energy market. Only two companies, both in Europe, hold enrichment capacity outside Russia and China. American company Centrus Energy LEU 1.30%increase; green up pointing …
Framatome has signed a groundbreaking commercial contract to deliver the world’s first nuclear fuel reload with uranium-235 enrichment above the industry standard of 5 wt% to a U.S. nuclear reactor in operation. This landmark agreement represents a major advancement for the global nuclear industry, enabling the first reactor in operation to extend its cycle lengths …
Existing Intellectual Property Settlement Amended Westinghouse Objected, but Washington Pressed for Change According to political sources on Wednesday, the government reported at a full committee meeting of the National Assembly’s Trade, Industry, Energy, SMEs and Startups Committee that it is negotiating a “nuclear framework” with Washington that bundles the construction of eight large reactors in …
Saskatchewan is exploring the possibility of building a small modular nuclear reactor in the western part of the province, with Lloydminster directly named as a potential location by Premier Scott Moe. Saskatchewan is exploring the possibility of building a small modular nuclear reactor in the western part of the province, with Lloydminster directly named as …
National Atomic Company Kazatomprom JSC (“Kazatomprom” or the “Company”) announces that it has obtained a subsoil use license for uranium exploration at the Kyzyltu block located in Kyzylorda region of the Republic of Kazakhstan. The subsoil use license grants an exclusive right for uranium exploration to Kazatomprom for a period of 6 years. According to …
Rising electricity demand, shocks in energy security and climate commitments are reviving long-stalled plans for nuclear power across Southeast Asia. But proponents of nuclear energy still face major obstacles. Southeast Asian governments are revisiting nuclear power as electricity consumption raises, exposing the region’s dependence on fossil fuels. The rise is largely driven by new factories, electric …
The United States is pressing suppliers to accelerate development of uranium enrichment capacity to avert potential shortages as interest in nuclear power grows, two United States Department of Energy officials told Reuters. Multiple countries are seeking to expand nuclear power by building reactors or restarting mothballed power plants to meet rising electricity demand, largely caused by increased use of artificial intelligence. The heightened …