Data center developers in Northern Virginia are asking utility Dominion Energy Inc. for as much power as several nuclear reactors can generate, in the latest sign of how artificial intelligence is helping drive up electricity demand. Dominion regularly fields requests from developers whose planned data center campuses need as much as “several gigawatts” of electricity, …
The move could set uranium prices up for a return to $100 a pound or more: analyst A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices back above $100 a pound for the nuclear fuel which has been tight on supplies. “The Russia …
US company Holtec International has established a wholly-owned subsidiary aiming to “energise the presently placid business sector of modification and maintenance”, with the initial project being the restart of the Palisades plant. Holtec Maintenance & Modification International (HMI) is based in Chattanooga, Tennessee, and is being headed by Christopher Bakken. In its statement announcing the …
The agreement between the municipality of South Bruce and Canada’s Nuclear Waste Management Organization (NWMO) was signed following a vote by the municipality’s council on 1 May. The area is one of two potential host sites for a deep geologic repository selected in a process launched by the NWMO in 2010. The NWMO is tasked …
The Group of Seven (G7) nations have committed to support the use of nuclear energy in those countries that opt to use it, a communique released at the end of the G7 Ministerial Meeting on Climate, Energy and Environment in Turin, Italy, says. “Those countries that opt to use nuclear energy or support its use recognise its …
The inner containment dome has been installed at unit 5 of the Lufeng nuclear power plant in China’s Guangdong province. It is the first of two HPR1000 (Hualong One) under construction at the site, where four CAP1000s are also planned. The steel dome – measuring 45 metres in diameter and almost 14 metres in height, …
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel. The Prohibiting Russian Uranium Imports Act, approved by unanimous consent, would bar US imports 90 days after …
Cameco reports Q1 results: 2024 outlook remains solid; financial discipline and strong cash position result in focused debt reduction; operationally, segments performing to plan; attributes of baseload nuclear power attracting tech sector investment Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2024, in accordance …
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has entered into a placement agreement dated April 30, 2024 (the “Placement Agreement“) with a lead manager and bookrunner in Australia, Aitken Mount Capital Partners (the “Lead Manager“), to arrange and manage, and to provide settlement support for, an offering of 16,129,032 common …
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”), an established and active explorer in Canada’s Athabasca Basin, today announced the initiation of a comprehensive drill program at their 100%-owned Turnor Lake Project, specifically targeting the prolific La Rocque Structural Corridor. The La Rocque Structural Corridor, known for hosting the notable high-grade …
