How Does Uranium Price Increase Affect Nuclear Power Plant Profitability?

Credit to Author: Aaron Larson| Date: Wed, 23 Nov 2022 18:52:31 +0000

uranium-bull-market-chart-with-events-labels-Sprott

Uranium has been one of the best-performing asset classes in 2022, according to data supplied by HANetf’s Sprott Uranium Miners UCITS ETF (URNM). In fact, the uranium spot price has increased 24.12% during the year through Oct. 31, according to the fund. October was a particularly strong month for uranium oxide (U3O8), which is used […]

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DOE Grants First-Round Civil Nuclear Credit Award—$1.1B—to Diablo Canyon 

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 16:12:24 +0000

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant. Pacific Gas & Electric  (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for […]

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NRC Begins Construction Permit Review for Pioneering Nuclear Molten Salt Research Reactor 

Credit to Author: Sonal Patel| Date: Mon, 21 Nov 2022 17:18:13 +0000

The Nuclear Regulatory Commission (NRC) has accepted Abilene Christian University’s (ACU’s) construction permit application for a 1-MWth nuclear non-power Molten Salt Research Reactor (MSRR) facility planned for the university’s campus in Abilene, north-central Texas. The acceptance—which essentially marks the NRC “docketing” of the application—formally kicks off the regulatory agency’s review of ACU’s proposed Nuclear Energy […]

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Siemens Energy Seals Deal for Hydrogen-Ready Coal-to-Gas Switch

Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 19:45:42 +0000

European energy giant EnBW will pilot switching a 114-year-old coal-fired waste incineration and district heating power plant in Stuttgart-Münster, Germany, to gas-fired technology while ensuring the regionally significant plant will be ready to combust hydrogen “as quickly and completely” as possible. Siemens Energy on Nov. 17 sealed an agreement with the utility for an overall […]

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Four Large-Scale Solar Projects Fined $1.34M for Alleged Clean Water Act Violations

Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 14:44:15 +0000

The Environmental Protection Agency (EPA) and the Department of Justice (DOJ) have settled to resolve alleged violations of the Clean Water Act with four separate large-scale solar farm owners in Alabama, Idaho, and Illinois. The solar farm owners—all subsidiaries of large international finance and investment companies—used a common construction contractor for their farms. The federal […]

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Fish Friendly Hydro: Natel Energy Is Proving It’s Possible

Credit to Author: Aaron Larson| Date: Thu, 17 Nov 2022 00:46:18 +0000

Natel-Restoration-Hydro-Turbine-RHT-Monroe-Plant-Oregon

Hydropower projects frequently face resistance from environmental groups for a variety of reasons. One of the more common objections to hydro is the high turbine-induced mortality of fish. The passage of fish through hydroelectric turbines can quickly prove fatal—a danger that increases with the size of the fish. Furthermore, if several hydropower plants are located […]

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TVA Will Explore Building Utility-Scale Solar on Closed Coal Ash Sites

Credit to Author: Sonal Patel| Date: Thu, 10 Nov 2022 19:54:50 +0000

The Tennessee Valley Authority (TVA) will pursue a first-of-its-kind pilot program at the Shawnee Fossil Plant in West Paducah, Kentucky, to determine if closed coal ash sites are suitable for utility-scale solar projects. The self-funded U.S. corporate agency’s board on Nov. 10 approved a $216 million pilot project to explore repurposing the 1,071-MW coal-fired power plant’s […]

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Waste Heat-to-Power Capture Pilot Launched in Ontario

Credit to Author: Sonal Patel| Date: Thu, 10 Nov 2022 16:35:56 +0000

Hamilton, a city in Ontario, Canada, will host a pilot project to demonstrate a new technology designed to capture excess hydrothermal energy from its district heating and cooling plant and convert it into grid-quality power. The pilot hosted by Hamilton Community Enterprises (HCE)—the city’s utility solutions arm— will use Extract Energy’s “Heat Engine,” whose core […]

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NET Power’s First Allam Cycle 300-MW Gas-Fired Project Will Be Built in Texas

Credit to Author: Sonal Patel| Date: Thu, 10 Nov 2022 15:30:05 +0000

NET Power Plant

NET Power, developer of the novel Allam-Fetvedt supercritical carbon dioxide (sCO2) power cycle, will build its first 300-MW natural gas–fired power plant at an Occidental-hosted site near Odessa, Texas. The “serial number one” project will demonstrate—at utility scale—NET Power’s potentially revolutionary technology, which promises to provide low-cost gas-fired power generation, no atmospheric emissions, no water […]

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Using Technology to Improve Management of Utilities’ Fleets

Credit to Author: Erin Gilchrist Rugg| Date: Thu, 10 Nov 2022 13:56:30 +0000

Utility fleet managers faced their share of challenges in recent years. They needed to respond quickly and effectively to emergency situations and rising customer expectations while keeping drivers feeling safe and supported. They also needed to maximize the utilization of vehicles while extending lifecycles and complying with regulations—even as they evolve faster than ever. Like […]

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