Xi Jinping, at a May 2014 Asia-Pacific Economic Cooperation (APEC) summit, described a secular decline in the rate of China’s GDP growth as a “new normal” condition. Since then, the term “new normal” has become shorthand in China for the challenges that the economy will face in coming years, perhaps for decades. Leaders in Beijing …
The official start of the construction of first Turkish nuclear power plant Akkuyu will be the first week of April, according to the country’s Prime Minister Binali Yıldırım. The ceremony will be attended by Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin. The plans foresee the construction of a four PWR reactors with …
Krzysztof Tchórzewski, Poland’s Minister of Energy, has said that he wants a decision on the construction of a nuclear power plant to be taken as quickly as possible. His statement comes as the Polish energy industry is beginning to feel the pressure of the country’s race against time to reduce its CO2 emissions. “We need …
FirstEnergy Solutions (FES) has notified regional transmission organisation PJM Interconnection that it will deactivate the Beaver Valley, Davis-Besse and Perry nuclear power plants during the next three years. The company, which is aiming to leave the competitive market, is seeking legislative policy solutions to keep the plants operating. Beaver Valley, a single-unit pressurised water reactor, …
The nation’s nuclear energy industry is facing a crisis that the Trump administration must immediately address as a core part of its “energy dominance” agenda, a Washington think tank said Thursday. The decline of the nuclear power industry is “an important policy problem” that is not receiving the attention it deserves, the Atlantic Council said …
The Department of Energy’s Savannah River Site has begun dissolving uranium fuel cores from Oak Ridge National Laboratory’s High Flux Isotope Reactor for the first time since 1988. The spent fuel will help deliver electricity to residents in the Tennessee Valley. The High Flux Isotope Reactor is fueled by highly enriched uranium, which the Savannah …
It’s been an eventful past couple of weeks in the uranium subsector, even if the spot price for uranium oxide has shown little positive response. In the U.S., the Trump administration’s Department of Energy (DOE) has suspended sales from its uranium oxide stockpiles for the rest of the government’s fiscal year (until Sept. 30, 2018). …
Shikoku Electric Power Co. decided Tuesday to scrap the aging reactor 2 at its Ikata plant in Ehime Prefecture because the required safety investments would make it too expensive to keep in service. The reactor will be the ninth that nuclear plant operators across Japan have decided to scrap following the 2011 nuclear crisis, excluding …
Sitting atop the world’s second-largest oil reserves, Saudi Arabia has little to worry about when it comes to generating energy. But the Gulf nation is now angling to make one of the biggest investments in nuclear energy the world has seen. Saudi Arabia plans to spend more than $80 billion to build 16 nuclear reactors over the next …
WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) celebrated the conclusion of the Fiscal Year 2018 (FY 2018) appropriations process. The Omnibus bill, signed by President Trump, includes $34.5 billion in funding for the DOE. “As a former appropriator, I am keenly aware of the work that goes in to the budget process, and …
