(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)– Sweden’s government will ask the Parliament to approve state loans worth $23.4 billion (220 billion Swedish crowns) to companies to build nuclear reactors in the Scandinavian country. Sweden plans to build two new nuclear reactors by 2035 in a hedge on low-carbon energy security, with 10 new reactors hoped for by 2045. The Swedish government moved to phase out
(Oil Price)– Plutonium material from dismantled U.S. nuclear warheads from the Cold War could be offered to American power firms as a fuel to potentially use in advanced nuclear technologies, under a draft plan of the Trump Administration. The U.S. does not use plutonium in nuclear power facilities. In the past, plutonium has been converted into fuel for commercial reactors
(Investing) – WASHINGTON – U.S. President Donald Trump will sign executive orders as soon as Friday that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains, four sources familiar said. Facing the first rise in power demand in two decades from the boom in artificial intelligence, Trump declared
Oil Price More than a dozen of the largest banks in the world are pledging their support to nuclear power, supporting the goal of the COP28 summit to triple nuclear capacity by 2050, the Financial Times reports. Goldman Sachs, Bank of America, Barclays, BNP Paribas, Citi, Morgan Stanley, Société Générale, Crédit Agricole CIB, Abu Dhabi Commercial Bank, Ares Management, Brookfield, Guggenheim
Oil Price The United States is likely 10 to 15 years behind China in deploying fourth-generation nuclear reactors at scale, as Chinese authorities are strongly backing the domestic industry with policies and financing, a new report by Washington-based research institute Information Technology & Innovation Foundation showed on Monday. China supports its domestic nuclear power development with extensive financing at low rates from
Forbes For decades, nuclear engineers have dreamt up new formulas, shapes and sizes for the radioactive fuel that powers the reactors of the world’s nuclear power plants (our greatest source of zer0-carbon electric power). Today most of what’s used for reactor fuel is enriched uranium. In the future, fuel compositions could shift toward the very promising element thorium. A potential
The Arab Weekly Once fuel assemblies are loaded into the reactor, Nawah will begin the start-up sequence for testing. Barakah will be the United Arab Emirates’ first nuclear plant and the world’s largest when completed, with four reactors and 5,600 megawatts of electrical generation capacity. It is being built by Korea Electric Power Corporation. Oil and Gas Publishers Note: The
Reuters: President Donald Trump’s pick to run the Energy Department, Dan Brouillette, will face questions at his U.S. Senate confirmation hearing on Thursday on issues including the future of coal and nuclear power. Source: Reuters/Rodrigo Garrido Brouillette, 57, a former lobbyist at Ford Motor Co and Louisiana state energy regulator, would replace Rick Perry, who has said he is stepping
By Tyler Losier, Energy Reporter, Oil & Gas 360 Proposal calls for the transition to occur by 2038 A government-appointed coal commission in Germany has laid the groundwork for a plan to phase out the use of coal completely by 2038. The move is coupled with an effort to eliminate nuclear power as well, with the goal of transitioning Germany
