Tepco to revise power prices for industry, factoring in nuclear restart

Tokyo Electric Power Company (Tepco) (9501.T) said on Friday it will revise its pricing for high-voltage industry customers next year to reflect soaring costs, but will take into account the assumed restart of the No.7 unit of its Kashiwazaki-Kariwa nuclear power plant. Tepco President Tomoaki Kobayakawa told a news conference of the new pricing policy, including the …

A Nuclear Renaissance Means More Competition For Uranium

A worldwide nuclear renaissance led by Japan, some countries in Europe (despite German obfuscation), and hopefully the USA, is changing the international uranium market. Uranium producers across the world are forecasting a long-term embrace of nuclear power driving up demand for Uranium and are adjusting accordingly. These producers are not content to just quickly cash in from an ephemeral price …

IAEA assesses Romania’s SMR site selection process

The International Atomic Energy Agency (IAEA) has conducted its first ever Site and External Events Design (SEED) mission to look into site selection for a small modular reactor (SMR). The three-day mission to Romania was conducted last month at the request of Nuclearelectrica. Nuclearelectrica and NuScale are cooperating with the US Trade and Development Agency …

FANC open to extending life of Doel 3 nuclear reactor

The Federal Agency for Nuclear Control (FANC) appears to be open to postponing preparations for the Doel 3 reactor’s dismantlement, as will be discussed by the Federal Government at an upcoming meeting. On Wednesday, it was reported that the Doel 3 power station would be permanently decommissioned on 23 September and would no longer supply roughly 7,500 …

Government to discuss postponing closure of Doel 3 nuclear reactor

With the permanent shutdown of the Doel 3 nuclear reactor having been announced yesterday, the Federal Government is dithering on whether to delay its dismantling with the Federal Interior Minister leading calls for a potential postponement. Given the energy crisis driven by the war in Ukraine, the Federal Government’s plan to phase out nuclear power has …

Uranium Funds Surf Price Surge in Renewed Bets on Nuclear Power

Cooling towers at a nuclear power plant in Nogent-sur-Seine, France. Photographer: Cyril Marcilhacy/Bloomberg URA and URNM performance soars but inflows lag previous booms Energy supply crunch has revived global nuclear interest Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power. The $1.8 billion Global X Uranium …

Putin’s invasion of Ukraine threw energy prices into chaos. Now, the price of a key metal is surging

Water vapor rises from the cooling tower of a German nuclear power plant. Nuclear power is having something of a moment right now. After years of being called too expensive and too dangerous, a mounting energy crisis kick-started by Putin’s invasion of Ukraine is forcing countries to reconsider their plans to rid themselves of nuclear energy. Even nations …

Coal plant sites could host 265 GW of advanced nuclear, costing 35% less than greenfield projects: DOE

About 80% of operating and recently retired coal-fired power plant sites could host an advanced nuclear power reactor, with nearly 265 GW in total potential nuclear capacity, according to a Department of Energy report released Tuesday. Using transmission, switchyard facilities and other infrastructure at the coal plant sites could reduce the overnight cost of capital of a nuclear facility by …