UK Government Steps Up as 50% Owner of 3.2-GW Sizewell C EPR Nuclear Project

Credit to Author: Sonal Patel| Date: Tue, 29 Nov 2022 13:57:26 +0000

The UK government will bolster a proposal to build Sizewell C with a £679 million ($815 million) investment, giving the twin EPR nuclear power plant project—a combined 3.2 GW—new flexibility to proceed. The UK Department for Business, Energy, and Industrial Strategy (BEIS) on Nov. 29 said that with the final investment decision, it intends to […]

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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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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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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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NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 22:58:27 +0000

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and prolonged cold conditions, the North American Electric Reliability Corp. (NERC) has warned. The nation’s designated Electric Reliability Organization (ERO) in its latest Winter Reliability Assessment, issued on Nov. 17, said […]

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How NRIC Is Helping Advance Technology for the Nuclear Power Industry

Credit to Author: Aaron Larson| Date: Thu, 17 Nov 2022 21:44:34 +0000

Advanced-reactor-demonstration-NRIC-INL

The National Reactor Innovation Center (NRIC) is a national Department of Energy (DOE) program led by the Idaho National Laboratory (INL) that allows collaborators to harness the world-class capabilities of the U.S. National Laboratory System. NRIC supports the construction and demonstration of advanced reactor systems through a suite of services and capabilities. “Our vision is […]

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Six Major Electric Utilities Join Forces to Pursue a Southeastern Hydrogen Hub

Credit to Author: Sonal Patel| Date: Thu, 03 Nov 2022 14:48:30 +0000

Marking intent interest from the power sector in hydrogen’s decarbonization potential, six major utilities—Dominion Energy, Duke Energy, Louisville Gas & Electric Co. (LG&E), Kentucky Utilities Co. (KU), Southern Co., and the Tennessee Valley Authority (TVA)—have announced they will jointly pursue federal financial support for a Southeast Hydrogen Hub. The utilities, along with Battelle, an independent […]

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Potential Deal Brewing for Second Polish Nuclear Plant Based on South Korean Technology 

Credit to Author: Sonal Patel| Date: Wed, 02 Nov 2022 14:38:56 +0000

Days after Poland chose Westinghouse to supply its AP1000 technology to the country’s first nuclear plant in Pomerania, northern Poland, the government and two Polish energy firms signed a letter of intent with Korea Hydro & Nuclear Power (KHNP) to “push ahead” with development of a second nuclear plant based on APR1400 technology in Pątnów, […]

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A Half-Century of Reliability: Calvert Cliffs Nuclear Power Plant

Credit to Author: Sonal Patel| Date: Tue, 01 Nov 2022 04:18:00 +0000

Baltimore Gas & Electric set out to build the 1.8-GW Calvert Cliffs Nuclear Power Plant in 1967 because fossil energy was becoming expensive and controversial. Over its nearly 50 years of operation

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