Report warns 2/3 of capacity could be lost by 2040 as developed nations phase out old nuclear plants. A steep decline in nuclear energy capacity will threaten climate goals and power supply security unless advanced economies find a way to extend the lifespan of their reactors, the International Energy Agency said. Nuclear is currently the …
The U.S. Department of Energy (DOE) today announced funding selectees for multiple domestic advanced nuclear technology projects. Three projects in three states will receive varying amounts for a total of approximately $11 million in funding. The projects are cost-shared and will allow industry-led teams, including participants from federal agencies, public and private laboratories, institutions of …
The Bulgarian government has invited strategic investment in the Belene nuclear power plant project. The “call for expressions of interest for a strategic investor and/or acquisition of a minority shareholding and/or purchase of electricity” was published in the Official Journal of the European Union yesterday. Natsionalna Elektricheska Kompania EAD (NEK) has developed a project for …
It has not been an easy few years for Saskatchewan’s multi-billion dollar mining sector. Persistently weak commodity prices have forced the province’s largest mining companies to cut costs and scale back production. The uranium sector has been especially hard-hit, leading to the shuttering of two mines and a mill in northern Saskatchewan. Investment in exploration …
Advanced nuclear reactors are moving toward commercialization faster and with less government support than many realize. Their smaller size and advances in computing are helping. Over the last several years, there has been growing recognition that nuclear energy is an important climate mitigation technology. Several states around the country have shifted from renewable energy mandates …
Hungary and Russia have reportedly agreed to change the loan agreement for the expansion of Hungary’s sole nuclear power plant Paks. According to bne Intellinews, Hungary will start repaying the loan once the two new units at Paks are connected to the grid and begin operations. Meanwhile, Russia and Hungary have held their first “international environmental expedition” to …
Finland’s Olkiluoto 3 nuclear reactor has begun work to repair a previously reported problem that causes vibrations in its cooling unit, and which must be fixed before regulators sign off on its safety, operator TVO said on Thursday. Start-up of the reactor, Finland’s first new nuclear plant in some 40 years, is a decade behind …
Saskatchewan’s premier is south of the border this week to get some face time with officials in the United States. Scott Moe began meetings Tuesday with senators, House representatives and members of President Donald Trump’s administration. Moe’s trip follows last week’s announcement that tariffs on steel and aluminum would be lifted by the American government. “We …
ROSATOM and the Ministry of Science and Technology of the Socialist Republic of Vietnam signed a Memorandum on the implementation of Centre for Nuclear Science and Technology (CNST) in Vietnam. The document was signed by the Director General of ROSATOM Alexey Likhachev and the Minister of Science and Technology of Vietnam Chu Ngoc Anh in …
Jung Jae-hoon, president of Korea Hydro & Nuclear Power, delivers a speech at the WANO 30th anniversary ceremony at Hilton Hotel in Tokyo on May 15. Korea’s next-generation nuclear reactor APR1400 has received favorable reviews from members of the World Association of Nuclear Operators (WANO) for its compliance with the requirements of the U.S. Nuclear …
