Domestic uranium market will grow between 2023 and 2024

Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023. Domestic uranium mines produced 50,000 pounds of triuranium octoxide (U3O8), also called uranium concentrate, in 2023, a significant decrease from the 194,000 pounds produced in 2022. Production declined in …

China Is Rapidly Building Nuclear Power Plants as the Rest of the World Stalls

The world’s second-largest economy is expected to leapfrog France and the US as the top source of atomic power. Within sight of mango and pineapple fields on the Chinese holiday island of Hainan, workers at Linglong One are finishing what will become the world’s first small modular nuclear reactor built for commercial purposes. It’s part of a …

Bruce 3 refurbishment stage completed in record time

The reactor removal series at Bruce unit 3 has been completed ahead of schedule thanks to experience gained from previous projects – with the removal of the calandria tubes setting a new record for Candu refurbishment. Bruce 3 is the second unit to undergo Major Component Replacement (MCR). The process involves removing and replacing key …

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 …