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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.

Date: Friday, 26 January 2024
Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539

Canadian firm Prodigy Clean Energy and US-based Westinghouse are designing a transportable NPP (TNPP) featuring a Westinghouse eVinci microreactor with the aim of launching the first project in Canada by 2030. The TNPP will comprise 5 MWe eVinci microreactors installed on a floating Prodigy Microreactor Power Station. According to a Westinghouse blog, the TNPP would be pre-fabricated and transported to site to supply power and heat to “remote industrial sites, data centres, communities, defence installations, and to islands and island nations”.

Date: Friday, 26 January 2024
Original article: neimagazine.com/news/newsprodigy-and-westinghouse-to-develop-floating-npp-11463584

US-based NuScale is laying off 28% of its workforce in a decision taken at a virtual all-hands meeting. A NuScale statment confirmed the details of the layoffs. NuScale’s stock price subsequently fell by more than 8% as investors sold off shares.

Date: Wednesday, 10 January 2024
Original article: neimagazine.com/news/newsnuscale-lays-off-almost-half-its-workforce-11422870

A recent statement from Fitch Ratings casts doubt on any new nuclear construction in the US in the immediate future. Similar concerns were voiced during discussions at a full committee hearing of the Senate Committee on Energy & Natural Resources to Examine Opportunities and Challenges Associated with Advanced Nuclear Reactor Commercialisation.

Date: Wednesday, 06 December 2023
Original article: neimagazine.com/news/newsgrowing-uncertainty-in-us-regarding-economics-of-new-nuclear-11347683

The Nuclear Energy Agency (NEA) has recently published a 73-page study, which tracks the progress of selected small modular reactor (SMR) designs towards deployment. NEA says the SMR designs are at various stages of development, from fundamental research on new concepts to commercial deployment and operation of mature designs.

Date: Wednesday, 22 March 2023
Original article: neimagazine.com/news/newssmr-development-tracked-by-nea-and-iaea-studies-10691068

As the Western nuclear industry flounders, Russia’s Rosatom is building nuclear power plants (NPPs) on time and under budget around the world, while selling uranium to the US, according to Professor Thane Gustafson. His article, on “The Devil’s Dance” substack blog, says Russia has world-beating nuclear power technology that is flourishing thanks to booming exports. The article, originally released in May, has now been reproduced in several other publications and a link provided on Gustafson’s Twitter page.

Date: Thursday, 19 January 2023
Original article: neimagazine.com/news/newsus-professor-thane-gustafson-russias-nuclear-industry-is-unique-10525064

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.

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