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Actions being taken by various countries to meet the target of tripling global nuclear power generating capacity by 2050 were discussed by panellists during a session at World Nuclear Symposium 2024. Cooperation will be key to meeting the target, they agreed.
- Source: World Nuclear News
- Date: Saturday, 07 September 2024
- Original article: world-nuclear-news.org/Articles/Meeting-the-challenge-to-triple-nuclear-capacity
US power utility Constellation has issued the first corporate green bond in the United States that can be used to finance nuclear energy projects. Constellation will use proceeds from the $900m, 30-year offering to support maintenance, expansion and life extensions of its nuclear power plants. Green bonds are offered specifically to finance projects or activities that deliver positive environmental or climate impacts.
- Source: NEI Magazine
- Date: Friday, 22 March 2024
- Original article: neimagazine.com/news/newsconstellation-offers-first-us-green-bond-for-nuclear-energy-11620807
Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term, offering for investments such as maintenance, uprates and life extensions of its nuclear power plants.
- Source: World Nuclear News
- Date: Wednesday, 20 March 2024
- Original article: world-nuclear-news.org/Articles/Constellation-issues-first-US-nuclear-green-bond
Company says it is advancing long-term planning and consultation activities
- Source: Nucnet
- Date: Saturday, 08 July 2023
- Original article: nucnet.org/news/bruce-power-starts-work-on-possible-expansion-of-ontario-nuclear-power-station-7-5-2023
As a team at Ontario Tech University launches a new "Ontario-centric" research project to evaluate the economics and environmental impacts of low-carbon energy technologies including small modular reactors (SMRs), a new report from Canadians for Nuclear Energy says the province should "seize the moment" by building new Candu technology now.
- Source: World Nuclear News
- Date: Thursday, 25 May 2023
- Original article: world-nuclear-news.org/Articles/Ontario-urged-to-seize-the-moment-for-new-nuclear
G7 ministers reaffirm net zero targets, condemn Russia, and offer only qualified support for nuclear
Group of Seven (G7) energy and environment ministers, following a two-day meeting in the northern Japanese city of Sapporo, issued a 36-page communique laying out their commitments ahead of a G7 summit in Hiroshima in May. The detailed statement covered sections on environment, climate and energy. It reaffirmed a commitment to accelerating the clean energy transition to net-zero greenhouse gas emissions by 2050. “We call on and will work with other countries to end new unabated coal-fired power generation projects globally as soon as possible to accelerate the clean energy transition in a just manner,” the statement says, stipulating that countries should rely on “predominantly” clean energy by 2035.
- Source: NEI Magazine
- Date: Wednesday, 19 April 2023
- Original article: neimagazine.com/news/newsg7-ministers-reaffirm-net-zero-targets-condemn-russia-and-offer-only-qualified-support-for-nuclear-10770194
The agreement by Canada, France, Japan, the UK and USA to leverage their civil nuclear power sectors to ensure a stable supply of nuclear fuel for existing and future reactors came as G7 climate, energy and environment ministers concluded a two-day meeting with a promise to accelerate the phase-out of fossil fuels.
- Source: World Nuclear News
- Date: Tuesday, 18 April 2023
- Original article: world-nuclear-news.org/Articles/Five-G7-countries-in-nuclear-fuel-agreement
Inclusion of nuclear in the clean energy investment tax credit and making it eligible for a range of other tax incentives show the Government of Canada's "clear and strong" support for nuclear's indispensable role in the clean energy transition, according to the Canadian Nuclear Association (CNA).
- Source: World Nuclear News
- Date: Friday, 31 March 2023
- Original article: world-nuclear-news.org/Articles/Canadian-budget-underlines-government-support-for
Bruce Power said the refurbished unit is scheduled to come back online in 2026.
The major component replacement project will see Units 3 to 8 refurbished, allowing the eight-unit site to continue to contribute to Ontario’s and Canada’s clean-energy goals and produce cancer-fighting medical isotopes until 2064.
The eight pressurised heavy-water Candu reactor units at the Bruce site began commercial operation between September 1977 and May 1987.
The major refurbishment process is expected to extend the lifetime of the Bruce station well into the early 2060s.
- Source: Nucnet
- Date: Tuesday, 07 March 2023
- Original article: nucnet.org/news/bruce-3-removed-from-service-as-major-nuclear-life-extension-programme-continues-3-1-2023
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