Iran Building New Nuclear Plant; Indonesia Seeks Investors for its First

Credit to Author: Darrell Proctor| Date: Mon, 05 Dec 2022 23:15:19 +0000

Two countries seeking to expand development of their nuclear power programs have announced new projects. Iranian officials on Dec. 3 said construction of what would be that country’s second nuclear power plant has begun. Meanwhile, Indonesia’s government on Dec. 4 said it is looking for investors to support development of what would be the country’s […]

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Nuclear Power Is Finally Poised to Ramp Up Again in Japan

Credit to Author: Aaron Larson| Date: Thu, 01 Dec 2022 05:15:00 +0000

The Japanese have been hesitant to re-embrace nuclear power following the triple reactor meltdowns at the Fukushima Daiichi plant in 2011, but there are indications that nuclear power could ramp up again in

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War and Nuclear Power: Stakes Are High for People, Environment, and Industry

Credit to Author: Aaron Larson| Date: Thu, 01 Dec 2022 05:13:00 +0000

John Stevens Cabot Abbott, the 19th century American historian perhaps best known for writing History of Napoleon Bonaparte and History of the Civil War in America , is attributed with the quote, “War is the

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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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Russia Says Construction of Egypt’s First Nuclear Plant Ahead of Schedule

Credit to Author: Darrell Proctor| Date: Sun, 20 Nov 2022 16:33:04 +0000

Officials from Russia and Egypt marked another milestone in construction of the latter’s first nuclear power plant, with a ceremony Nov. 19 to announce pouring of the “first concrete” for Unit 2 of the El-Dabaa Nuclear Power Plant (NPP). Saturday’s event came three weeks after a construction permit was issued for that unit by the Egyptian […]

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Southern Company Cuts Its Cost Forecast for Vogtle Expansion, Provides Update on Project

Credit to Author: Aaron Larson| Date: Thu, 27 Oct 2022 20:00:05 +0000

In its third quarter 2022 earnings call presentation, Southern Company reduced its “Total project capital cost forecast” for Vogtle Units 3 and 4 to $10.383 billion from $10.453 billion, which is what it had reported in the company’s second quarter 2022 earnings call presentation. The company’s cost estimate reduction doesn’t mean that total project costs […]

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Canada’s OPG and Czech Republic’s ČEZ Partner to Advance SMR and Other Nuclear Technology

Credit to Author: Aaron Larson| Date: Thu, 13 Oct 2022 16:50:16 +0000

Ontario Power Generation (OPG) and Czech Republic-based ČEZ are collaborating to advance deployment of nuclear technology, including small modular reactors (SMRs). The companies said they signed a memorandum of understanding (MOU) on Oct. 11, with an aim to “reduce financial, technical and schedule risk to both parties on their respective future projects.” OPG is Ontario’s […]

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Nuclear Power Production Curtailed in France, Worsening Europe’s Energy Crisis

Credit to Author: Aaron Larson| Date: Thu, 04 Aug 2022 17:09:06 +0000

High temperatures in river water are reportedly forcing Electricite de France SA (EDF) to cut power generation at some of its nuclear plants. The news is particularly troubling as several European nations struggle to cope with an energy crisis caused by gas cuts made by Russia in retaliation against sanctions placed on it due to […]

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Nuclear Power Plants Report Stellar Performance, but Retirements Could Limit Climate Benefits

Credit to Author: Aaron Larson| Date: Wed, 27 Jul 2022 21:51:38 +0000

The world’s nuclear power plants generated a total of 2,653 TWh of energy in 2021, up 100 TWh from 2020. It was the third-highest total ever for global generation from nuclear, just 4 TWh short of the output in 2019 and 7 TWh less than the record set in 2006. The results were reported by […]

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Nuclear Power on the Upswing, Numerous Projects Take Shape Around the World

Credit to Author: Aaron Larson| Date: Thu, 30 Jun 2022 16:42:33 +0000

Rooppur-Nuclear-Power-Plant-containment-dome-installation

The International Energy Agency (IEA) says momentum is building for nuclear power in many countries amid soaring fuel prices and growing energy security concerns. “In today’s context of the global energy crisis, skyrocketing fossil fuel prices, energy security challenges and ambitious climate commitments, I believe nuclear power has a unique opportunity to stage a comeback,” […]

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