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"A new clean energy economy is emerging - and emerging much faster than many realise," International Energy Agency (IEA) Executive Director Fatih Birol said at the launch of the agency's eighth World Energy Investment report.

Source: NEI Magazine
Date: Wednesday, 31 May 2023
Original article: neimagazine.com/news/newsiea-report-on-clean-energy-investments-says-little-about-nuclear-10897991

Nearly two-thirds of the USD2.8 trillion set to be invested globally in energy this year is expected to go to clean technologies including nuclear - but the impressive increase in clean energy investments is concentrated in a handful of countries, according to a newly released report from the International Energy Agency (IEA).

Source: World Nuclear News
Date: Saturday, 27 May 2023
Original article: world-nuclear-news.org/Articles/Clean-energy-investments-increasing-fast-IEA

‘No going back’ if decision is taken to close reactors The single-unit Cofrentes nuclear power station is due to close by 2030. Courtesy CSN. Spain must label nuclear power a strategic energy source and create conditions for the operation of nuclear power plants for at least 20 more years, the industry group Foro Nuclear said.

In a manifesto outlining the need for nuclear, the Madrid-based group said the EU forecasts that electricity demand will double from now to 2050 and no single source of energy will be able to cover all needs.

“It is essential to have a balanced energy basket based on low-carbon sources that guarantee a stable, economic, safe and sustainable supply,” Foro Nuclear said, adding that Spain’s fleet of seven nuclear plants, which provide around 20% of the country’s electricity, operate safely, reliably and efficiently.

The growth in renewable installed capacity and development of storage technologies by 2030 foreseen in Spain’s national energy and climate plan – which is due to be reviewed this year – are “far from being fulfilled”, Foro Nuclear said.

Source: Nucnet
Date: Tuesday, 14 March 2023
Original article: nucnet.org/news/nuclear-plants-should-operate-for-20-more-years-says-industry-group-3-1-2023

The Spanish Nuclear Society (Sociedad Nuclear Española, SNE) has published a manifesto setting out the strategic importance of the country's nuclear power plants - and warned that there will be no turning back if current closure plans are allowed to go ahead.

Source: World Nuclear News
Date: Saturday, 11 March 2023
Original article: world-nuclear-news.org/Articles/Nuclear-plants-vital-for-Spain,-manifesto-says

Renewables together with nuclear power are expected to meet the vast majority of the increase in global electricity demand over the next three years, making significant rises in the power sector's carbon emissions unlikely, according to a new International Energy Agency (IEA) report.

Source: World Nuclear News
Date: Friday, 10 February 2023
Original article: world-nuclear-news.org/Articles/IEA-highlights-nuclear-s-key-role-in-coming-years

Fleet consistently generates about 20% of electricity The Almraz nuclear power station in western Spain. Courtesy CSN. Spain’s seven operating nuclear reactors generated 20.25% of the country’s electricity in 2022, a slight fall from almost 21% in 2021, according to data from grid operator Red Eléctrica de España analysed by Madrid-based nuclear industry group Foro Nuclear.

According to Foro Nuclear, Spain’s nuclear fleet has about 7,100 MW of installed capacity, or 6.02% of the total, but regularly generates 20% of the nation’s electricity.

In 2022, Spanish nuclear power plants produced 55.9 TWh (net), a 3.6% increase on 2021. Nuclear plants operated for 90% of the hours in the year – a larger number than any other form of power generation.

The Spanish government’s energy and climate plan specifies that installed nuclear capacity will remain at current levels of about 7,100 MW until at least 2025, but will be reduced to just over 3,000 MW from 2030 onwards.

Source: Nucnet
Date: Thursday, 19 January 2023
Original article: nucnet.org/news/nuclear-continues-as-backbone-of-power-generation-1-3-2023

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

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

Opening the International Atomic Energy Agency’s (IAEA’s) Atoms4Climate pavilion at United Nations climate change conference, COP27, in Sharm El-Sheikh, Egypt, IAEA Director General Rafael Mariano Grossi said nuclear science and technology are part of the solution to both mitigating greenhouse gas emissions and adapting to climate change impacts.  

Source: NEI Magazine
Date: Tuesday, 15 November 2022
Original article: neimagazine.com/news/newsgrossi-active-at-cop27-10350059

Global optimism ‘rising’ about potential of reactors to help achieve net zero emissions Fatih Birol (left) and Rafael Grossi at the International Atomic Energy Agency discussion on nuclear power at Cop27 in Egypt. Courtesy IAEA. Nuclear power is making “a strong comeback”, but the international financial community has so far “failed” to provide the level playing field needed for nuclear to help the world tackle its most pressing challenges, from climate change to sustainable development, International Energy Agency (IEA) executive director Fatih Birol told the Cop27 United Nations climate conference in in Sharm El Sheikh, Egypt.

Birol told an International Atomic Energy Agency (IAEA) discussion on nuclear power: “I don’t give them a passing grade.”

“Countries that were saying goodbye to nuclear power, they are rethinking their plans,” Birol said, adding that the IEA had been engaged in talks with both Belgium and Germany.

“We are very happy that both governments are now in the process of postponing their nuclear phaseout plans, understanding the role that nuclear plays in addressing this energy security challenge,” he said.

In addition, another group of countries is now considering extending the lifetime of their existing nuclear power reactors to respond to this challenge, which is one of the cheapest forms of low carbon power, Birol said. Still another group of countries are rolling out plans to build new reactors, including seemingly “surprising” ones such as the Netherlands and Poland as well as Japan and South Korea.

Source: Nucnet
Date: Friday, 11 November 2022
Original article: nucnet.org/news/nuclear-making-strong-comeback-but-financial-community-has-failed-to-provide-level-playing-field-11-4-2022

In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero

Source: World Nuclear News
Date: Wednesday, 09 November 2022
Original article: world-nuclear-news.org/Articles/In-Quotes-Cameco-s-Tim-Gitzel-WNN-podcast-on-nucle

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