Financing the Nuclear Renaissance

Credit to Author: Aaron Larson| Date: Tue, 19 Nov 2024 22:57:59 +0000

At the 2023 United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, last December, 25 countries underlined the role of nuclear energy in their climate strategies by issuing a

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Can Nuclear’s Big Recent Wins Propel a True Global Revival?

Credit to Author: Sonal Patel| Date: Tue, 19 Nov 2024 16:59:12 +0000

While the past year has marked stunning triumphs for nuclear energy, experts caution that high costs, regulatory bottlenecks, and the need for market alignment remain major hurdles on the path to a true

The post Can Nuclear’s Big Recent Wins Propel a True Global Revival? appeared first on POWER Magazine.

Nuclear power plant art Source: POWER

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UK SMR Competition Narrows Contenders to Four Nuclear Designs

Credit to Author: Sonal Patel| Date: Thu, 26 Sep 2024 14:27:37 +0000

The UK government has narrowed its shortlist of technologies competing in its flagship Small Modular Reactor (SMR) competition to four candidates. On Sept. 25, it announced that Westinghouse, GE-Hitachi Nuclear […]

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The Rolls-Royce SMR, utilizing established Pressurised Water Reactor (PWR) technology, is designed to generate up to 470 MWe of low-carbon energy, comparable to over 150 onshore wind turbines. The plant has a 60-year design life and a capacity factor above 95%. Its modular construction, involving 1,500 transportable modules, aims to reduce on-site construction time. The SMR is designed with both passive and active safety features, and it has potential for cogeneration applications. Rolls-Royce SMR targets both domestic and international markets, focusing on scalability and competitive energy generation. Courtesy: Rolls-Royce SMR

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How Pennsylvania Is Fostering A Nuclear Renaissance in the Making

Credit to Author: Sonal Patel| Date: Tue, 24 Sep 2024 13:31:46 +0000

Pennsylvania has been a hotspot for nuclear power since the advent of commercial nuclear power, which it pioneered with first power from the 60-MW Shippingport Atomic Power Station near Pittsburgh […]

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The first large-scale nuclear power plant in the world began operating in Shippingport, Pennsylvania, on December 2, 1957—15 years after Enrico Fermi demonstrated the first sustained nuclear reaction. The Duquesne Light Company of Pittsburgh built and operated the Shippingport Atomic Power Station on a site it owned on the Ohio River until the power plant was retired in 1982. Source: Library of Congress

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IAEA Projects 950 GW of Global Nuclear Power Capacity by 2050

Credit to Author: Darrell Proctor| Date: Mon, 16 Sep 2024 19:11:04 +0000

The International Atomic Energy Agency (IAEA) said generation capacity of nuclear power worldwide is expected to rise more than the group previously expected, to as much as 950 GW of […]

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IAEA: Aging Nuclear Fleet Warrants Reactor Life Extensions, Much More New Capacity

Credit to Author: Sonal Patel| Date: Thu, 22 Aug 2024 14:25:19 +0000

While global nuclear power capacity has remained at a consistent level over the past decade, newly released data from the International Atomic Energy Agency (IAEA) suggests that more than two-thirds […]

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Number of nuclear reactors by age (as of 1 January 2024). Source: IAEA

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China Approves 11 New Nuclear Reactors, Including Fourth-Generation Design

Credit to Author: Darrell Proctor| Date: Tue, 20 Aug 2024 17:05:51 +0000

State-run China Energy News reported that officials on August 19 approved construction of 11 nuclear reactors across the country, part of a wave of new reactors that could see China […]

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Landrieu: Natural Gas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals

Credit to Author: Aaron Larson| Date: Thu, 25 Jul 2024 18:52:44 +0000

Former U.S. Sen. Mary Landrieu (D-La.), who is now a senior policy advisor for the law firm Van Ness Feldman and co-chair of the Natural Allies Leadership Council, is keen […]

The post Landrieu: Natural Gas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals appeared first on POWER Magazine.

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Analyst Says Nuclear Industry Is ‘Totally Irrelevant’ in the Market for New Power Capacity

Credit to Author: Aaron Larson| Date: Mon, 08 Jul 2024 14:46:19 +0000

Nuclear power has consistently provided about 19% to 20% of total annual U.S. electricity generation since 1990. It provides significant amounts of electricity in many other countries as well. According […]

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Plant Vogtle Units 3 and 4 Win POWER’s Plant of the Year Award

Credit to Author: Aaron Larson| Date: Mon, 01 Jul 2024 12:39:38 +0000

Adding new reactors to the U.S.’s fleet of nuclear power plants doesn’t happen every day. In fact, prior to the addition of Plant Vogtle Units 3 and 4, it hadn’t been done from scratch in decades

The post Plant Vogtle Units 3 and 4 Win <i>POWER’s</i> Plant of the Year Award appeared first on POWER Magazine.

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