Lawmakers in Raleigh are considering a bill that could make it easier to permit new nuclear plants and extend deadlines for Duke Energy to clean up coal ash dumps at its North Carolina plants. Senate Bill 678 was introduced by Sen. Paul Newton, a Cabarrus County Republican and former Duke Energy executive. It would replace the term …
The approval will help in extending the life of the Monticello nuclear power plant by ten more years. cel Energy has secured clearance from the Minnesota Public Utilities Commission (PUC) in the US to extend the operation of its 671MW Monticello nuclear power plant through to 2040. With the approval, the company can expand the storage of spent …
Swedish nuclear technical services provider Studsvik has signed a memorandum of understanding with small modular reactor (SMR) project development company Kärnfull Next, which is investigating the possibility of constructing and operating SMRs on the Studsvik industrial site near Nyköping on Sweden’s east coast. Kärnfull Next said the feasibility study began in May, and preliminary results …
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 …
Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto Inc. (“Rio Tinto”), to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for $1,500,000 (CAD) (the “Transaction”). The Company …
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 …
