French nuclear group Orano on Monday inaugurated a 1.15 billion euro (1.02 billion pounds) uranium conversion plant despite huge global overcapacity for nuclear reactor fuel. State-owned Orano’s new plant in Tricastin, southern France, will account for a quarter of the world’s 60,000-tonne annual uranium hexafluoride (UF6) production capacity when it fully ramps up in 2021 …
Nuclear power’s electricity generating capacity risks shrinking in the coming decades as ageing reactors are retired and the industry struggles with reduced competitiveness, according to a new IAEA report. The declining trend may set back global efforts to mitigate climate change, IAEA Director General Yukiya Amano said. The 38th edition of Energy, Electricity and Nuclear Power …
Sector News – WNA Highlights, Denison Takes on Larger Stake of Wheeler River The World Nuclear Association (WNA) symposium took place in London last week. Some of the highlights from Cormark’s time on the ground include: We believe Kazatomprom is fully on board with the Cameco-led production curtailments to generate a longer-term rebound in the uranium markets, particularly …
The electrification of transport could potentially offer many opportunities for nuclear generation, Brandon Munro told the World Nuclear Association Symposium 2018 in London today. The acceleration in global sales of electric vehicles (EVs) over the past six years is a key litmus test signalling the reality of this shift, the CEO of Bannerman Resources said. …
Westinghouse Electric Company is starting the next phase in its long history with one key message: The nuclear industry, which has always provided safe, clean and reliable energy, needs innovation now more than ever before. Speaking at the World Nuclear Association Symposium 2018 in London, Westinghouse President and CEO José Gutiérrez described the company’s strategy following its …
U.S. Sens. Lisa Murkowski, R-Alaska, Cory Booker, D-N.J., James Risch, R-Idaho, Shelley Moore Capito, R-W.Va., Mike Crapo, R-Idaho, Richard Durbin, D-Ill., Joe Manchin, D-W.Va., Sheldon Whitehouse, D-R.I., and Chris Coons, D-Del., today introduced bipartisan legislation to boost nuclear energy innovation and ensure advanced reactors can provide clean, safe, affordable, and reliable power to meet national …
The preliminary design of the Yanlong swimming pool-type low-temperature reactor for district heating has been completed, China National Nuclear Corporation (CNNC) announced yesterday. CNNC launched its independently researched and developed Yanlong reactor (referred to as the DHR-400) for district heating in November 2017. The move came shortly after the “49-2” pool-type light-water reactor developed by …
NAC Kazatomprom has changed its strategy to be more responsive to prevailing market conditions, CEO Galymzhan Pirmatov told delegates attending the World Nuclear Association Symposium 2018 in London today. Over the past 20 years the Kazakh uranium producer has transformed from a small uranium company to the largest uranium producer in the world, and diversified …
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
Power was restored to a nuclear energy plant in Hokkaido, northern Japan on Thursday after a strong earthquake left it relying on emergency generators for 10 nervous hours, but it may be a week before lights are back on all over the major island. Triggering a blackout just after 3 a.m. local time, the magnitude …