Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains

Rising steel prices, interest rates could push NuScale SMR cost to $100/MWh, threaten UAMPS project NuScale Power Higher steel prices and interest rates are driving up the projected cost of energy from Utah Associated Municipal Power Systems’ planned 462 MW small modular reactor project, multiple municipal utilities have reported. Previous cost estimates were for the project …

India’s long-term development strategy sees nuclear expansion

The long-term low-emission development strategy – or LT-LEDS – submitted by India to the United Nations Framework Convention on Climate Change (UNFCCC) includes a three-fold increase in nuclear energy capacity by 2032 and will also explore the potential deployment of small modular nuclear reactors (SMRs). All parties to the Paris Agreement on climate change are …

Macron’s Plan for New Nuclear Reactors Sparks Hiring Drive

Macron’s call for six new plants sparks push for more staff Industry needs to train more welders, electricians, engineers The French nuclear industry, already grappling with the maintenance of its fleet of aging reactors, needs to recruit as many as 15,000 employees annually as President Emmanuel Macron pushes for at least six new plants to …

EU Commissioner outlines ‘new conversation’ on nuclear

The conversation around nuclear energy in Europe has shifted and its future now looks very bright, although there are still challenges to overcome, according to EU Commissioner for Energy Kadri Simson. She called for policy-makers, industry and technology leaders to work together to turn opportunity into reality. Opening the 15th European Nuclear Energy Forum, which …

German lawmakers OK delay in switching off nuclear plants

German lawmakers have approved a plan to keep the country’s three remaining nuclear power plants until mid-April German lawmakers have approved a plan to keep the country’s three remaining nuclear power plants until mid-April, extending their life beyond the originally planned shut-off at the end of this year. The lower house of parliament voted 375-216 …

US DOE announces funding for HALEU demonstration

Centrifuge casings at the Piketon HALEU demonstration facility (Image: Centrus) The USD150 million cost-shared award will see a Centrus Energy Corp subsidiary demonstrate US ability to produce high-assay low-enriched uranium (HALEU) for advanced reactors, with an enrichment cascade producing up to 20 kg of HALEU in operation by the end of next year. The award …