(Oil Price) – For decades, nuclear energy has been regarded as the black sheep of the energy universe, thanks to drawbacks such as high costs, risk of thermal runaway leading to catastrophic accidents as well as the hazardous by-products of nuclear plants. Nuclear waste is notorious for the fact that it can remain dangerously radioactive for many thousands of years. Currently,
(Oil Price) – The Trump Administration plans to offer U.S. states incentives for building nuclear reactors in exchange for agreeing to store nuclear waste, a source familiar with the matter told Reuters on Thursday. However, a spokesperson for the U.S. Energy Department told Reuters that the story was “false” and that “no decisions have been made at this time,” after POLITICO first reported on the
(Oil Price) – Japan’s Tokyo Electric Power Co. will today restart its first nuclear reactor after the Fukushima disaster. Reactor #6 at the Kashiwasaki Kariwa power plant will be switched on after 7 pm local time, Bloomberg reported, citing a company news release. The reactor has a capacity of 1.36 GW, Reuters noted in a report on the news. Kashiwasaki Kariwa is the world’s
(Oil Price)– The United States has expressed willingness to cooperate with India in the nuclear energy sector as Asia’s second-largest economy opens its civil nuclear industry to private investment and foreign participation. “We welcome India’s new #SHANTIBill, a step towards a stronger energy security partnership and peaceful civil nuclear cooperation,” according to a post on X of the official account of the U.S.
(Oil Price)– Sweden’s power giant Vattenfall announced on Tuesday it is applying for state aid for an investment in small modular reactors (SMRs) as part of a plan by industrial giants to bet on new nuclear power in the country. Last month Sweden’s biggest industrial firms signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB,
(Oil Price)– The United States has expressed willingness to cooperate with India in the nuclear energy sector as Asia’s second-largest economy opens its civil nuclear industry to private investment and foreign participation. “We welcome India’s new #SHANTIBill, a step towards a stronger energy security partnership and peaceful civil nuclear cooperation,” according to a post on X of the official account of the U.S.
(Oil Price)– Adani Group, the conglomerate of Indian billionaire Gautam Adani, is in talks with the state government of India’s northern Uttar Pradesh state on a public-private partnership to build small modular reactors (SMRs) as India opens its nuclear energy sector to private investment. Adani Group is in discussions with Uttar Pradesh officials to build eight SMRs with capacity of
(Oil Price) – India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks to boost its nuclear power capacity tenfold within two decades. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) bill passed the federal government approval on
(Oil Price) – EDF, the French state-controlled utility, considers selling up to 100% in its U.S. renewable energy business, the power giant’s chief executive Bernard Fontana told Reuters on Wednesday. Fontana, who was previously CEO at nuclear engineering company Framatome, among other roles, became EDF’s chief executive officer in May this year. Fontana won the approval of the French Parliament to lead
(Oil Price) – The U.S. Department of Energy is extending a $1-billion loan to help Constellation Energy restart the Three Mile Island Unit 1 nuclear reactor to add baseload power to the grid and help the AI advancement in the United States. “Funded by the Energy Dominance Financing Program, this interest-bearing loan will lower Constellation’s cost of financing and leverage private investment to
(Oil Price) – Hungary will buy U.S. nuclear fuel for the first time to use at a Russia-built nuclear power plant in the country, Hungarian Foreign Minister Peter Szijjarto said ahead of a meeting of the U.S. and Hungarian leaders. Szijjarto is part of a large Hungarian delegation led by Prime Minister Viktor Orban who is meeting with U.S. President Donald
(BOE Report) – Japan’s new prime minister Sanae Takaichi is expected to push for the accelerated revival of nuclear power to tackle inflation, a source of public discontent, with reactor restarts key to reducing costly fuel imports. Takaichi has appointed Ryosei Akazawa, who was Japan’s point person in its recent tariff deal with the U.S., as trade and industry minister
