Bruce Power explores technology options for nuclear expansion

Bruce Power announced it is launching an Expression of Interest (EOI) process to “further understand nuclear technologies that could help meet growing demand for clean electricity and advance decarbonisation efforts in Ontario”. In July, the provincial government said it was starting pre-development work to build up to 4800 MWe of new nuclear capacity at Bruce …

EU countries break deadlock on power market subsidies

 European Union countries’ energy ministers struck a deal to reform power market subsidies, Spain’s energy minister said on Tuesday, defusing a stand-off between France and Germany over the future competitiveness of industrial sectors. The European Commission proposed changes to the EU’s electricity market in March after EU power prices soared to record levels last year …

Governments of Canada, Nova Scotia and New Brunswick Show Progress Toward Phasing Out Coal by 2030 and Expanding Their Clean, Reliable and Affordable Electricity Grids

From our homes to our businesses to our workplaces, electricity powers our lives and our economy. Building a clean, reliable and affordable electricity grid is a crucial economic and environmental pursuit. The private sector is increasingly prioritizing access to clean electricity to stay competitive and to seize new economic opportunities, including in the emerging and …

What Can Investors Learn From the French-Mongolian Uranium Mining Deal

French President Emmanuel Macron and Mongolian President Ukhnaagiin Khurelsukh in Paris, October 12, 2023. Photo credit: Reuters The ink is barely dry on a landmark French-Mongolian uranium mining deal. After over 20 years of exploratory work in the Gobi desert, France’s state-owned Orano has secured rights to begin commercial production around 2028 at the Zuuvch …

Multinational consortium formed for Cernavoda work

Korea Hydro & Nuclear Power (KHNP) announced it has signed an agreement with Canada’s Candu Energy and Italy’s Ansaldo Nucleare to jointly carry out a refurbishment of unit 1 at the Cernavoda nuclear power plant in Romania. Candu units are pressurised heavy water reactors designed to operate for 30 years, with a further 30 years …

Sheffield Forgemasters joins UK Xe-100 deployment effort

Sheffield Forgemasters, X-energy and Cavendish Nuclear have signed a memorandum of understanding on collaborating to explore opportunities around the deployment of a fleet of Xe-100 high temperature gas-cooled reactors (HTGRs) in the UK. X-energy of the USA and Cavendish Nuclear – a UK subsidiary of Babcock International group – will tap into Sheffield Forgemasters’ decades …

Swedish Nationalists Mull New Nuclear Firm to Rival Vattenfall

The Swedish government’s key coalition partner is ratcheting up pressure on Vattenfall AB to expand nuclear power production and says a separate company could be formed for that purpose if the state-run utility doesn’t move fast enough. The strategy of the nationalist Sweden Democrats, whose support is crucial to the country’s three-party government, stems from …