THE UK’s Penultimate Power has agreed to form a joint venture with the Japan Atomic Energy Agency (JAEA) to build a novel small modular reactor in the UK to provide power and process heat for heavy industry. The partners want to build a 10 MWe high-temperature gas-cooled nuclear reactor in the North East of England, …
Czech Prime Minister Andrej Babis on Thursday outlined the government’s plan to build a number of nuclear reactors, saying the state should control construction so it can halt the expansion should power prices fail to support the project. The government expects to sign a contract with majority state-owned CEZ to build one or more new …
Rosatom, Russia’s state nuclear corporation, is close to reaching an agreement for a new partner in a nuclear power plant it is building on the Mediterranean coast of Turkey, according to Turkish media reports. For the last year, Rosatom has claimed it would finish the $20 billion nuclear power plant in Akkuyu by itself, after …
India and Argentina Monday inked a Memorandum of Understanding to boost cooperation in the sector of nuclear energy. Jorge Faurie, Minister for Foreign Affairs, Argentina said his country has expertise in building small-capacity reactors and was looking to work with India in some third country in tripartite projects. “They (Prime Minister Narendra and Argentine President …
A rebound in nuclear and hydroelectric production helped French power company EDF push operating profits higher last year, it said Friday while remaining cautious about the outlook for 2019. Operating profit climbed by 11 percent to 15.3 billion euros ($17.2 billion), slightly higher than the consensus of analyst forecasts compiled by data firm FactSet. Net …
As the trend in uranium prices remains upward, signs on the demand-side are somewhat at odds. -U3O8 spot price dips -More US reactor shutdowns threatened -Shutdowns underway elsewhere By Greg Peel Off-market utility demand emerged early last week, industry consultant TradeTech reports, forcing a rise in spot uranium prices. But once sellers were notified they …
There are many people that believe that Bitcoin (BTC) and virtual currencies have experienced a bull run in 2017 that will never happen again. That means, they think it was a once-in-a-lifetime phenomenon. However, there might be a new commodity that could surprise investors in the future and become even bigger than Bitcoin. What is Uranium …
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report geotechnical results for the initial shaft pilot holes and assays for all twenty-nine holes comprising 20,482.31 m, drilled during the summer development program on the Company’s 100% owned Rook I property, in the Athabasca Basin, Saskatchewan. Highlights: Shaft Pilot Hole Report …
Chinese National Nuclear Corporation to develop country’s uranium sector, as Sudan opens its door to uranium investments Sudan agreed with state-owned Chinese National Nuclear Corporation (CNNC) on Wednesday to cooperate in the peaceful use of nuclear energy with uranium enrichment. In an interview with Sudanese official news agency SUNA, Mohammed Abdullah, director of the Geological …
Kyushu Electric Power Co. said Wednesday it has decided to scrap its aging No. 2 reactor at its Genkai nuclear plant in Saga Prefecture. The utility abandoned a plan to restart the unit, which has an output of 559 megawatts, in the face of the huge costs involved in enhancing the safety of the reactor …
