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The International Energy Agency (IEA) in its latest report, Electricity 2024, dedicates a significant amount of space to nuclear power – a departure from its previous studies which treated it as peripheral. In its press release on the new report, IEA says the increase in electricity generation from renewables and nuclear "appears to be pushing the power sector's emissions into structural decline". Over the next three years, low-emissions generation is set to rise at twice the annual growth rate between 2018 and 2023. Global emissions from electricity generation are expected to decrease by 2.4% in 2024, followed by smaller declines in 2025 and 2026.
- Source: NEI Magazine
- Date: Friday, 26 January 2024
- Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539
The UK Department for Energy Security & Net Zero (DESNZ) and Great British Nuclear (GBN) have selected six companies to advance to next phase of the small modular reactor (SMR) competition for innovative nuclear technologies.
- Source: NEI Magazine
- Date: Friday, 06 October 2023
- Original article: neimagazine.com/news/newsuk-selects-six-companies-for-next-stage-of-smr-competition-11196025
Estonia's privately held nuclear energy company, Fermi Energia, has chosen GE Hitachi Nuclear Energy's (GEH's) BWRX-300 small modular reactor (SMR) for deployment in Estonia by the early 2030s. In 2022 Fermi Energia had accepted tenders from US-Japan joint venture GE Hitachi, US-based NuScale and the UK’s Rolls-Royce. Fermi Energia said the criteria for selection were technological maturity, the establishment of a reference plant, economic competitiveness and the participation of Estonian companies in the supply chain.
- Source: NEI Magazine
- Date: Friday, 10 February 2023
- Original article: neimagazine.com/news/newsestonias-fermi-energia-chooses-bwrx-300-for-its-smr-programme-10582892
Estonia's Fermi Energia has selected GE Hitachi Nuclear Energy's (GEH's) BWRX-300 small modular reactor (SMR) for potential deployment in the Baltic country by the early 2030s. Two other SMR designs had been under consideration.
- Source: World Nuclear News
- Date: Thursday, 09 February 2023
- Original article: world-nuclear-news.org/Articles/BWRX-300-selected-for-Estonia-s-first-nuclear-powe
Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.
New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.
On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.
- Source: Nucnet
- Date: Tuesday, 10 January 2023
- Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023