Electric utilities in the United States currently operate about 98 gigawatts (GW) of nuclear generating capacity, but very little nuclear capacity has been built in the last few decades. High capital costs and lengthy licensing and approval processes have limited the expansion of nuclear power. However, several companies are developing new small modular reactor (SMR) designs aimed at reducing capital costs and …
The Nuclear Regulatory Commission today announced a groundbreaking proposed rule that enables the safe, rapid deployment of microreactors and other reactors with comparable risk profiles. The proposed regulatory framework, Part 57, is a streamlined, risk-informed, and flexible licensing pathway that maintains strong protection of public health, safety, and security. Developed to implement Executive Order 14300 …
TERM contracts for uranium entered into between nuclear utilities and uranium miners have been strengthening consistently for the past five years, and will continue to drive the outlook for uranium prices, Paladin Energy showed in its latest quarterly results presentation. Over the past five years, the midpoint of term pricing for uranium has risen from $40/pound …
Fuel loading at the first unit of the Rooppur Nuclear Power Plant is set to begin on 28 April, with electricity expected to be supplied to the national grid on a trial basis by late July or early August. Science and Technology Secretary Anwar Hossain confirmed the development to The Business Standard today (23 April). …
Uzbek state uranium company Navoiyuran has announced the start of mining at the Qizilkok deposit in the Navoi region of central Uzbekistan. The company said in a statement that mineral resources are 10,900 tonnes of uranium, ore reserves are 9,400 tonnes of uranium and the project mine life is estimated at 15 years. Qizilkok is …
Alberta’s government is releasing the Nuclear Energy Engagement and Advisory Panel’s report, which will guide next steps on enabling nuclear energy in the province. The report reflects months of provincewide engagement by the panel to learn what Albertans, Indigenous communities, municipalities and industry think about adding nuclear energy to Alberta’s energy mix. During the engagement, …
Uzbekistan aims to significantly reduce its reliance on traditional electricity sources The initial phase of constructing Uzbekistan’s first small nuclear reactors will require an investment of approximately $1 bn. This significant financial commitment was revealed by Sukhrob Abdurakhmanov, the deputy chairman of the Chamber of Commerce and Industry, during the «Innoprom. Central Asia» exhibition held recently …
Kazakh Ambassador to Slovenia Altay Abibullayev met with Danijel Levičar, Slovenia’s State Secretary for the National Nuclear Program, to discuss opportunities for bilateral cooperation in the energy and nuclear sectors, Qazinform News Agency learned from the Foreign Ministry’s press service. Ambassador Abibullayev highlighted Kazakhstan’s role as a key energy partner for Europe, noting that the …
As the grid strains under the weight of electrification and AI data centers, tech companies and utilities have been evaluating whether nuclear power can help with the burden. After the two most recent reactors built in the U.S. went over budget and past schedule, they aren’t keen to repeat the past. But Jake Jurewicz, co-founder and CEO …
Kazakhstan plans to build at least three nuclear power plants (NPPs) by 2050, with implementation of the first project already underway, the country’s Atomic Energy Agency has said. The nuclear energy development strategy aims to ensure energy security, support sustainable economic growth, and meet international climate commitments, while fostering high-tech industries and strengthening Kazakhstan’s position in …
