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Global electricity demand is set to decline 2% in 2020 due to the COVID-19 pandemic, according to the International Energy Agency's (IEA's) first ever Electricity Market Report, which was published today. Nuclear power generation is set to fall by about 4% this year, it says. Global electricity demand is forecast to grow by around 3% next year.

Date: Tuesday, 15 December 2020
Original article: world-nuclear-news.org/Articles/IEA-charts-COVID-s-impact-on-electricity-market

Ultra Safe Nuclear Corporation (USNC) of the USA has signed a Memorandum of Understanding with South Korea's Hyundai Engineering (HEC) and the Korea Atomic Energy Research Institute (KAERI). The five-year agreement outlines goals for development of technologies that enhance the ability of the USNC Micro Modular Reactor (MMR) to produce and deliver carbon-free power, heat and hydrogen.

Date: Thursday, 06 August 2020
Original article: world-nuclear-news.org/Articles/USNC-Korean-companies-to-develop-micro-modular-rea

Ultra Safe Nuclear Corporation (USNC) of the USA has signed a Memorandum of Understanding with South Korea's Hyundai Engineering (HEC) and the Korea Atomic Energy Research Institute (KAERI). The five-year agreement outlines goals for development of technologies that enhance the ability of the USNC Micro Modular Reactor (MMR) to produce and deliver carbon-free power, heat and hydrogen.

Date: Thursday, 30 July 2020
Original article: world-nuclear-news.org/Articles/USNC-enlists-Korean-expertise-to-develop-MMR-syste

New-build projects are making progress, but governments are still struggling with finding the right financing package for large reactors The delayed Flamanville-3 is one of three EPR units under construction in Europe. The others are at Olkiluoto in Finland and Hinkley Point in the UK. Photo courtesy EDF. Western Europe

The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.

The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.

However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.

According to The Times newspaper EDF has hired Rothschild as financial adviser for the project and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.

Date: Friday, 17 January 2020
Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020

Innovation has always been at the heart of the nuclear power industry and its future depends on this commitment to technological advancement in both large and small reactor designs. This was the message of the International Framework for Nuclear Energy Cooperation (IFNEC) General Ministerial Conference held in Washington DC last week.

Date: Tuesday, 19 November 2019
Original article: world-nuclear-news.org/Articles/Conference-Advancing-the-rebirth-of-nuclear-power

As a result of higher energy consumption, CO2 emissions rose 1.7% last year and hit a new record, according to the latest data from the International Energy Agency (IEA). The Paris-based agency’s Global Energy & CO2 Status Report, released today, shows that the global energy system emitted 33 billion tonnes of CO2 in 2018.

Date: Tuesday, 26 March 2019
Original article: world-nuclear-news.org/Articles/IEA-demands-increase-in-clean-energy-as-emissions

Many observers were surprised this year when Uzbekistan announced its decision to build a nuclear power station, which will be the first in Central Asia in the last 30 years, writes Jurabek Mirzakhmudov, director general of UzAtom, the state nuclear agency which was established in July.

Date: Thursday, 27 December 2018
Original article: world-nuclear-news.org/Articles/Viewpoint-The-logic-of-nuclear-power-for-Central-A

The US administration on 2 November announced the reimposition of all US sanctions on Iran that had been lifted under the July 2015 Joint Comprehensive Plan of Action (JCPOA). This is the second raft of penalties reimposed since President Donald Trump withdrew from JCPOA in May, and they cover Iran's shipping, financial and energy sectors. The sanctions that come into force on 5 November penalise countries that do not stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including the central bank, a number of private financial institutions and state-run port and shipping companies. Eight countries, identified by officials as US allies, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. Pompeo did not identify the countries to be granted the waivers. But according to numerous reports, these include India, South Korea, Turkey, Japan and Italy.

Date: Monday, 05 November 2018
Original article: neimagazine.com/news/newsusa-ramps-up-sanctions-on-iran-6835977

Nuclear energy has faced serious challenges in recent years because of several factors: competition from low gas prices, subsidised renewables and slow growth in electricity demand in certain markets. But because of several powerful forces we are seeing signs that this year nuclear energy will come roaring back, writes Jarret Adams.

Date: Wednesday, 07 March 2018
Original article: world-nuclear-news.org/Articles/Five-reasons-nuclear-energy-will-rebound-in-2018