The UK should have done more to boost nuclear power “years ago” and is “running to catch up”, a minister has conceded. Andrew Bowie, the nuclear minister, said he made “no bones” about the fact the Government is making up for lost ground with new funds for skills and jobs aimed at shoring up Britain’s energy security …
Cheap low-carbon energy? What’s not to love… The land surrounding a nuclear power plant might not sound like prime real estate, but as more bit barns seek to trim costs, it’s poised to become a rather hot commodity. All datacenters are energy-hungry but with more watt-greedy AI workloads on the horizon, nuclear power has fresh …
The 1400 MWe pressurised water reactor has begun delivering electricity to the United Arab Emirates’ grid, weeks after achieving first criticality and bringing the four-unit plant closer to its goal of providing 25% of the country’s electricity needs. The Emirates Nuclear Energy Corporation (ENEC) announced on 23 March that its operations and maintenance subsidiary, Nawah …
South Korea’s Ministry of Science & ICT (MSIT) has signed a memorandum of understanding with eight Korean companies to cooperate on the development of next-generation nuclear reactors. “While nuclear power is emerging as a core strategic technology due to the global climate crisis and reorganisation of the energy supply chain, competition for next-generation nuclear reactors …
In the shadow of a massive monument glorifying nuclear power, over 30 nations from around the world pledged to use the controversial energy source to help achieve a climate-neutral globe while providing countries with an added sense of strategic security. The idea of a Nuclear Energy Summit would have been unthinkable a dozen years ago …
The Advanced Clean Electricity initiative aims for widespread commercial deployment of advanced nuclear, next-generation geothermal and long-duration storage by the early 2030s. On March 19, Nucor, Microsoft and Google announced the Advanced Clean Electricity request for information, or RFI, a joint initiative to stimulate development and deployment of reliable, low- or zero-carbon electricity generation technologies like advanced …
Uranium market has likely set a new floor thanks to a strong demand outlook Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22 per cent decline over six weeks, industry experts and analysts say the uranium …
U.S. Energy Secretary Jennifer Granholm said on Wednesday she encourages the U.S. Congress to ban uranium supplies from Russia, as doing so would free up funds to support domestic development of fuel for next generation nuclear reactors. The U.S. House passed legislation last December to ban imports of the fuel for nuclear power plants as part of …
Shuttering of New York facility raises awkward climate crisis questions as gas – not renewables – fills gap in power generation When New York’s deteriorating and unloved Indian Point nuclear plant finally shuttered in 2021, its demise was met with delight from environmentalists who had long demanded it be scrapped. But there has been a …
Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term offering, for investments such as maintenance, uprates and life extensions of its nuclear power plants. A green bond is a financial instrument that …