The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …
The UK government has announced it will invest GBP300 million (USD381 million) to launch a high-assay low-enriched uranium (HALEU) programme, making the UK the first country in Europe to launch such a nuclear fuel programme. The UK Department for Energy Security and Net Zero (DESNZ) said the investment will support domestic production of HALEU and …
Several nuclear power projects, including the Jinqimen in Zhejiang province, have received official approval. The Jinqimen project will adopt the “Hualong One”, China’s self-developed third-generation nuclear power technology. The China National Nuclear Corporation (CNNC) will follow the principle of putting safety first, advance construction in a steady and orderly manner in accordance with the highest …
EDF Energy aims to extend the life of its nuclear plants in Britain and invest a further 1.3 billion pounds ($1.7 billion) in its operational UK nuclear fleet to maintain output at current levels and energy security, the firm said on Tuesday. Several countries in Europe, including France, Belgium and Sweden, have announced plans to …
Energy transition minister says the nation may need more than six new reactors if it is to meet its climate change goals. rance may need to build more than 14 new nuclear power plants, more than the six currently planned, if the nation is to meet its energy transition goal of reducing fossil fuel dependence …
After a 10-month study, a community-based committee says the only energy technology that can make up for lost jobs, taxes and economic activity is an advanced nuclear power plant PUEBLO — The only way Pueblo can be “made whole” after the closure of Xcel Energy’s massive, coal-fired Comanche Station is for the utility to replace …
The draft Integrated Resource Plan (IRP 2023) setting out how South Africa will seek to ensure security of electricity supply was formally issued by Minister of Mineral Resources and Energy Gwede Mantashe and will be open to public comments until 23 February. “The purpose of this publication is to solicit public comments on the assumptions, …
After years of playing defence, the nation’s nuclear industry is seizing its startup moment After years of trying to reduce its dependence on nuclear power, France has radically changed its tune, betting heavily on the sector to help reach its climate goals. The French government has committed €1bn as part of its France 2030 plan to support …
In an unprecedented event unfolding in Japan’s Ishikawa Prefecture, the Shika nuclear power plant (NPP), operated by Hokuriku Electric Power Company, suffered a significant oil leak and damage following a powerful earthquake and a series of aftershocks on New Year’s Day. The 7.6-magnitude earthquake, the strongest recorded in the Noto Peninsula region since 1885, sent …
