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Netherlands-based AMG Critical Materials has established a new company, NewMOX SAS in Grenoble, France, to service the nuclear fuel market. NewMOX is a subsidiary of ALD Vacuum Technologies based in Hanau, Germany. ALD is AMG’s engineering subsidiary focused on vacuum furnace technology, which includes sintering furnace systems enabling the production of commercial nuclear fuel from plutonium and depleted uranium mixed oxides (mox). ALD’s MOX technology has been applied in Germany, the USA, France, Belgium, the UK and recently ALD has been delivering furnace systems to China. ALD inherited the mox technology from Degussa AG, ALD’s former owner (later renamed Evonik AG).
- Source: NEI Magazine
- Date: Wednesday, 10 April 2024
- Original article: neimagazine.com/news/newsamg-establishes-new-company-to-support-mox-production-11669474
Dutch specialty metals company AMG Critical Materials NV has created a new company - named NewMOX SAS - to develop commercial facilities for the production of mixed plutonium-uranium oxide (MOX) fuel using AMG's sintering furnace systems.
- Source: World Nuclear News
- Date: Saturday, 06 April 2024
- Original article: world-nuclear-news.org/Articles/AMG-forms-new-company-to-promote-MOX-technology
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
Moscow accounts for more than 20% of nuclear fuels for American reactors
- Source: Nucnet
- Date: Wednesday, 13 December 2023
- Original article: nucnet.org/news/house-approves-legislation-to-ban-imports-of-russian-uranium-12-2-2023
Canada’s Cameco has announced that acquisition of?Westinghouse Electric Company in a strategic partnership with Brookfield Asset Management alongside Brookfield Renewable Partners and institutional partners has been completed. Cameco now owns a 49% interest and Brookfield a 51% in Westinghouse.
- Source: NEI Magazine
- Date: Wednesday, 15 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-complete-acquisition-of-westinghouse-11297387
Cameco has announced that its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management, alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners, has now received all required regulatory approvals. The UK Competition and Markets Authority (CMA) has cleared the Cameco Corp and Brookfield Renewable Partners' $7.875bn deal to acquire Westinghouse Electric. CMA, which began considering the deal in August, said it will not refer the merger for further investigation.
- Source: NEI Magazine
- Date: Thursday, 09 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477
The Roadmaps to New Nuclear conference, organised by the French Ministry for Energy Transition and the OECD’s Nuclear Energy Agency (NEA) in Paris, resulted in two communiques signed by energy ministers and industry representatives emphasising the need for nuclear energy.
- Source: NEI Magazine
- Date: Tuesday, 03 October 2023
- Original article: neimagazine.com/news/newsfrance-and-nea-host-conference-to-promote-nuclear-energy-11186484
A long-term power purchase agreement (PPA) signed between Holtec Palisades Energy and the non-profit Wolverine Power Cooperative may be a significant step towards restarting the US Palisades NPP.
- Source: NEI Magazine
- Date: Friday, 15 September 2023
- Original article: neimagazine.com/news/newsus-palisades-npp-takes-steps-towards-possible-restart-11146922
A long-term power purchase agreement signed between Holtec Palisades Energy and the non-profit Wolverine Power Cooperative is described as a "significant milestone" towards restarting the 800 MW Palisades nuclear power plant in the USA.
- Source: World Nuclear News
- Date: Thursday, 14 September 2023
- Original article: world-nuclear-news.org/Articles/Palisades-restart-takes-giant-step-with-Holtec-Wol
The Fusion Industry Association (FIA) has released its third annual fusion industry report, “The Global Fusion Industry in 2023”. The fusion industry has now attracted a total of $6.21bn in investment (up from $4.8bn last year), after $1.4bn was invested over the last year. The 86-page report surveyed 43 private fusion, ranging from established companies to new entrants, all “committed to addressing the challenges that remain ahead for commercialisation”.
- Source: NEI Magazine
- Date: Wednesday, 19 July 2023
- Original article: neimagazine.com/news/newsfusion-industry-investment-exceeds-6bn-11014795