KHNP is likely to pay technical advisory fees to Westinghouse to settle dispute over reactor exports to Poland Poland started an approval process to build a nuclear power plant consisting of South Korean reactors, foreign media reported, despite the ongoing dispute over the Asian country’s export of atomic furnaces between US Westinghouse Electric Corp. and …
The U.S. Justice Department is urging regulators to take a closer look at Vistra Corp.’s planned $6.8 billion acquisition of a rival power producer because it may be anticompetitive. The warning applies to Vistra’s proposed takeover of Energy Harbor Corp. announced in March, a deal that would more than double its nuclear capacity, increase its natural gas …
Weekly spot uranium prices have climbed by more than 20% year to date and trade close to the levels seen shortly before Japan’s March 11, 2011 Fukushima nuclear disaster. Uranium stocks, ETFs may be ‘still at a very early stage’ in their recovery Interest in nuclear power is climbing and prices for uranium have reached their highest …
The start of construction follows amendments to the construction contract agreed in August 2023. Atomstroyexport, a subsidiary of Russian state nuclear energy company Rosatom, has commenced main-stage construction of two new water-water energetic reactor (VVER)-1200 power units at the Paks II nuclear power plant (NPP) in Hungary, with a total power-generating capacity of 2.4GW. Rosatom’s …
In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia. Outside the $5 …
The expansion of the nuclear power sector at the speed and scale required to meet net-zero, energy security and sustainable development targets will necessitate sustained and coordinated investment in the global nuclear supply chain, according to World Nuclear Association. The association’s World Nuclear Supply Chain 2023 covers the life cycle of nuclear power plants through construction, operation …
The PHRS is a passive safety system that ensures the long-term removal of heat from the reactor core into the atmosphere in the absence of all sources of power supply The installation of eight heat exchangers of the Passive Heat Removal System (PHRS) has been completed in Unit 1 of the Rooppur Nuclear Power Plant …
The Canadian government has approved CAD74 million (USD55 million) of federal funding for small modular reactor (SMR) development in Saskatchewan. The funding – including over CAD24 million from the proceeds of Canada’s pollution pricing system – will support work to advance the project led by utility SaskPower. In 2022, SaskPower selected GE-Hitachi’s BWRX-300 SMR for …
The US Nuclear Regulatory Commission (NRC) has completed its Final Environmental Impact Statement (FEIS) on Kairos Power’s application for a construction permit for the Hermes demonstration molten salt reactor in Oak Ridge, Tennessee. Based on their review, NRC staff have recommended that the permit should be issued. Kairos submitted its permit application in two parts, …
Duke Energy Carolinas and Duke Energy Progress have recommended extending the lives of their existing nuclear power plants as well as building two new small modular reactors (SMRs) by 2035 in an energy portfolio that offers the most prudent way forward for North and South Carolina. A new Integrated Resource Plan filed with the Public Service Commission …
