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
South Korea’s new president, Yoon Suk-yeol, said on 22 June that in order...
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Two European Parliament committees oppose taxonomy plans
Lawmakers in the European Parliament have formed a cross-party coalition, which aims to block nuclear energy and fossil gas from receiving a green investment label under the EU’s...
CNNC and China Datang Group sign strategic cooperation agreement
China National Nuclear Corporation (CNNC) has signed a strategic cooperation agreement with China Datang Group covering nuclear energy, new energy, technological innovation,...
US DOE Launches $8 billion programme for clean hydrogen hubs
The US Department of Energy (DOE) has released a Notice of Intent (NOI) to fund the Bipartisan Infrastructure Law’s $8 billion programme to develop regional clean hydrogen hubs...
US DOE lists nuclear priorities
The US Department of Energy (DOE) Office of Nuclear Energy (NE) has listed five key takeaways from DOE’s latest budget request that advance nuclear energy and help support the...
US Assistant Secretary for nuclear energy discusses priorities
Dr Kathryn Huff, recently appointed the US Department of Energy’s (DOE’s) assistant secretary for nuclear energy, discussed her priorities for the nuclear sector in a lengthy...
Finnish minister says nuclear is needed to achieve net-zero
Finland's Minister of Economic Affairs, Mika Lintilä, has told the Nordic Nuclear Forum 2022 in Helsinki that Europe cannot be carbon neutral and self-sufficient without nuclear energy.
Russia to build 16 new nuclear units by 2035
Russia’s government has set a goal to bring the share of nuclear power plants in the total energy balance to 25% by 2045, Strana Rosatom said on 27 May. A large-scale...
Frazer-Nash Consultancy wins UK contract to model nuclear costs
Frazer-Nash Consultancy has been awarded a contract by the UK Government’s Department for Business, Energy, and Industrial Strategy (BEIS), to provide nuclear energy generating costs...
IAEA’s Grossi at Davos discusses nuclear power, Iran and Ukraine
International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi attended the World Economic Forum (WEF) Annual Meeting in Davos on 24 and 25 May. Nuclear provides...
European REPowerEU plan barely mentions nuclear
The European Commission (EC) on 19 May presented the REPowerEU Plan, “its response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine” which...
Future of Zaporizhzhia NPP remains unclear
Recent statements by Russian officials seem to imply that Russia’s occupation of the Zaporizhzhia NPP in southern Ukraine may be permanent.
Germany expected to reject EU green investment label for nuclear
Germany will oppose European Union (EU) plans to include nuclear energy as a sustainable investment in its "taxonomy" policy for labelling green investments, the government said on...
IAEA to develop roadmap for commercial hydrogen deployment
The International Atomic Energy Agency (IAEA) said on 5 May that, to speed up greening of the emerging hydrogen economy, it had launched an initiative to develop a roadmap for...
Iran announces new nuclear developments
Iranian President Ebrahim Raeisi said on 9 April that Iran's nuclear technology is 'irreversible' and research in the field will not be tied to other's requests.
Latvia and USA to cooperate on SMRs
The United States and Latvia in a joint statement on 4 April announced a new partnership under the Foundational Infrastructure for Responsible Use of Small Modular Reactor...
India provides data on its nuclear power development
India has imported just over 7600 tons of uranium over the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government.
UK energy strategy envisages 24GW of nuclear by 2050
The UK's energy security strategy will see a significant acceleration of nuclear energy, with an ambition of up to 24GW of nuclear capacity by 2050.
Canadian provinces agree strategic plan to advance SMRs
The governments of Ontario, Saskatchewan, New Brunswick and Alberta on 28 March agreed to a joint strategic plan outlining the path forward on small modular reactors (SMRs).
Indiana signs SMR bill into law
Indiana's state governor Eric Holcomb has signed bill S. 271 into law, which allows and incentivises the construction of small modular reactors (SMRs).
