The federal government is providing CAD50 million of funding to support pre-development work to study the feasibility of building 4800 MWe of new generating capacity at the Bruce site in Ontario. The funding was announced by Minister of Energy and Natural Resources Jonathan Wilkinson at the Canadian Nuclear Association’s CNA 2024 conference, which is taking …
The House on Wednesday evening approved bipartisan legislation that aims to bolster nuclear energy. The vote was 365-36, with one additional lawmaker voting present. All of the “no” votes were Democrats and included several members of the Progressive Caucus. Rep. Marcy Kaptur (D-Ohio) voted present. The legislation aims to bolster the U.S.’s nuclear energy production by speeding up environmental …
China’s National Nuclear Safety Administration has granted an operating licence for unit 4 of the Fangchenggang nuclear power plant in China’s Guangxi Autonomous Region. The unit is the second of two demonstration China General Nuclear-designed Hualong One (HPR1000) reactors at the site. Obtaining the licence is “an important step towards high-quality production and commercial operation”, …
Germany could be eyeing a return of nuclear power just two years after it was phased out should early polling for the next general election prove correct, with one leading politician saying current energy policy is crumbling. Polls indicate the centre-right Christian Democrats (CDU), which now supports a revival of the country’s nuclear power assets …
The information session for those interested in gaining contracts with the Paks II nuclear power plant construction project was attended by 350 people from 180 companies, including 150 from Hungary. The Paks II project was launched in early 2014 by an intergovernmental agreement between Hungary and Russia for two VVER-1200 reactors to be supplied by …
Federal nuclear production tax credits are providing the foundation for the USA’s largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast. Constellation recently marked its second anniversary as a standalone company since the separation of Exelon Generation’s regulated utility and …
Canada sold C$4 billion ($3 billion) of debt Tuesday, its first issue under an amended framework for green bonds that allows the country to raise funds to support nuclear power. The 10-year bonds have a 3.5% coupon and yield half a basis point less than Canadian government debt due in December 2033. The new framework …
Sweden’s Climate and Environment Minister Romina Pourmokhtari has announced the launch of an investigation to abolish the country’s ban on uranium mining. The move was welcomed by Australia-based Aura Energy, which hopes to extract uranium as a by-product from its 100%-owned Häggån polymetallic project in Sweden. On 16 May 2018, the Swedish parliament passed an …
It’s essential for keeping a clean-energy electrical grid. Nuclear power has been the backbone of Ontario’s clean electric grid for the past half-century. Starting in 1971, the Canadian province constructed 20 large heavy-water reactors over the next 22 years. The rationale at the time wasn’t combating climate change but replacing expensive coal imported from the …
Canada’s most populated province is extending the lifespan of the country’s oldest operating nuclear power plant, doubling down on nuclear plant overhauls to pursue green goals. Ontario Power Generation (OPG) last month abandoned plans to close the remaining six reactors at its Pickering Nuclear Power Station, opting instead to refurbish four of the units (Pickering …
