Power market developments - Page 1
Stay up to date with the latest Power market developments updates from the global nuclear engineering international industryLatest Power market developments Update
The US Department of Energy (DOE) and the Department of Defence (DOD)...
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IEA to produce roadmap to achieve net-zero by 2050
The International Energy Agency (IEA) announced that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050.
South Korea to increase renewables at expense of coal and nuclear
South Korea said on 28 December that it will gradually diversify its energy mix by using more sustainable sources, such as solar power, and scale back the use of coal and nuclear, in...
Canada seeks to lead the world in SMR and hydrogen development
Small modular reactors (SMRs) represent a promising new non-emitting technology that has the potential to produce reliable electricity in Canada, supporting our country’s transition...
IEA’s first Electricity Market Report sees demand falling due to COVID-19
The International Energy Agency’s (IEA’s) first Electric Market Report published mid-December shows that global electricity demand in 2020 is projected to fall by around 2%.
UK Carbon Budget makes little mention of nuclear
In its 448-page “Sixth Carbon Budget:The UK’s path to Net Zero” published on 9 December, the Climate Change Committee (CCC) barely mentions nuclear power, nor does the...
Energoatom stresses importance of Ukraine-EU energy bridge
The Ukraine - European Union energy bridge will allow Ukraine’s Khmelnitsky nuclear power plant to export electricity to Europe within the framework of the Energomost project,...
USA formally withdraws from Paris Agreement
After a three-year delay, the USA on 4 November became the first country to formally withdraw from the Paris climate agreement.
World Energy Outlook 2020 examines pathways out of the pandemic crisis
The International Energy Agency’s World Energy Outlook (WEO) 2020 focuses on the next ten years, exploring different pathways out of the crisis caused by the COVID-19 pandemic.
Romanian signs nuclear agreement with the USA
US Secretary of Energy Dan Brouillette and Romania’s Minister of Economy, Energy and Business Development Virgil Popescu initialled a draft Intergovernmental Agreement to cooperate...
Ukraine’s Naftogaz and Energoatom co-operate on hydrogen production
Ukraine’s Naftogaz and Energoatom on 5 October signed a memorandum on joint work on the implementation of a hydrogen strategy for a climate neutral Europe. “We are seeing a rapid...
South Korea looks to floating NPPs
Korea Electric Power Technology (Kepco E&C) said CEO Bae-Soo Lee had signed a memorandum of understanding (MOU) for long-term cooperation with Daewoo Shipbuilding & Marine...
Canada’s OPG presses ahead with SMR development
Canada’s Ontario Power Generation (OPG) said on 6 October that it is advancing engineering and design work with three grid-scale Small Modular Reactor (SMR) developers: GE...
IEA Netherlands energy review focuses on renewables and hydrogen
The International Energy Agency (IEA), in its Netherlands 2020 Energy Policy Review said The Netherlands “is aiming for a rapid transition to a low-carbon economy and has placed...
IAEA sees continued role for nuclear
The International Atomic Energy Agency has released its latest projections for energy, electricity and nuclear power trends up to 2050. Compared with the previous year, the...
European Parliament committee seeks stringent emission reduction targets
European nuclear trade organisation FORATOM has welcomed the European Commission’s proposal to increase its 2030 CO2 emission reduction target to at least 55%.
Energoatom disputes new energy market pricing formula
Ukrainian nuclear utility Energoatom said on 13 August that it considers the pricing formula in the energy market of Ukraine to be discriminatory.
Alberta supports Canada’s SMR development plans
Jason Kenney, Premier of Alberta, Canada, on 7 August signalled the intent for Alberta to sign a memorandum of understanding with Ontario, Saskatchewan and New Brunswick to support...
UK National Grid to use new design pylons to link Hinkley Point C
The UK National Grid said on 29 July that 116 new-design T-pylons along 57km route from Hinkley to Seabank will connect six million homes and businesses to low carbon energy. The...
US study looks at nuclear export opportunities
A new report by US consulting firm UxC for US trade association the Nuclear Energy Institute (NEI) said exports of nuclear energy equipment and technology to 2050 required to meet...
