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21 news articles found
The US Department of Energy’s (DOE’s) Idaho National Laboratory (INL) has received a shipment of used next-generation light water reactor LWR) fuel from a commercial NPP to support research and testing for the first time in two decades. INL said it had received 25 experimental fuel rods irradiated in the reactor core of a commercial reactor. The fuel rods were developed and manufactured by Westinghouse Electric Company with technical assistance from several US national laboratories, including INL.
- Source: NEI Magazine
- Date: Wednesday, 31 January 2024
- Original article: neimagazine.com/news/newsinl-receives-irradiated-next-generation-fuel-for-testing-11473480
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
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610
There is no credible net-zero scenario in which nuclear does not grow its capacity from today, global asset management company Brookfield said in a newly released White Paper.
- Source: World Nuclear News
- Date: Tuesday, 04 October 2022
- Original article: world-nuclear-news.org/Articles/Brookfield-sees-new-dawn-for-nuclear
US engineering and construction firm Bechtel has signed a Memorandum of Understanding (MoU) with two affiliates of Japan's Toshiba to collaborate on the delivery of steam turbines and generators for Poland's first nuclear power plant.
- Source: World Nuclear News
- Date: Thursday, 09 June 2022
- Original article: world-nuclear-news.org/Articles/Bechtel-teams-up-with-Toshiba-for-Polish-new-build
Turkey / New Reactors Will Help Meet ‘Massive’ Demand For Energy And Reduce Reliance On Fossil Fuels
According to Turkey’s ministry of energy and natural resources, energy consumption in 2012 was 239 TWh a year, while in 2023 forecasts say it could reach as much as 478 TWh.
However, Massimo Giorgi of NIATR told NucNet that the current energy mix will not meet demand and the lack of reliable, diversified, low-cost energy is an obstacle to Ankara’s economic plans.
Once fully operational, the $20bn Akkuyu nuclear power station, where Turkey is building four 1,114-MW pressurised water reactor units supplied by Russia, will provide about 10% of the country’s total electricity generation.
- Source: Nucnet
- Date: Tuesday, 18 January 2022
- Original article: nucnet.org/news/new-reactors-will-help-meet-massive-demand-for-energy-and-reduce-reliance-on-fossil-fuels-1-1-2022
Brookfield Business Partners is considering whether to sell Westinghouse Electric Company, the investment company's CEO, Cyrus Madon, said in a conference call with analysts on 5 February to discuss its fourth-quarter financial results. Bermuda-headquartered Brookfield completed its purchase of Westinghouse from Japan's Toshiba Corporation in August 2018. This marked Westinghouse's exit from US Chapter 11 bankruptcy protection as a restructured company.
- Source: World Nuclear News
- Date: Tuesday, 09 February 2021
- Original article: world-nuclear-news.org/Articles/Brookfield-at-a-crossroads-on-whether-to-sell-West
The nuclear industry has merely scratched the surface of the flexible benefits of nuclear power, according to panellists in a conference held this week ahead of the 11th Clean Energy Ministerial (CEM11). The CEM11 side-event, Flexibility in Clean Energy Systems: The Enabling Roles of Nuclear Energy, included high-level speakers from the International Energy Agency (IEA), the OECD Nuclear Energy Agency (NEA), the International Atomic Energy Agency (IAEA), as well as government officials from Canada, the UK and the USA. Hosted by Saudi Arabia, CEM11 will take place on 22 September.
- Source: World Nuclear News
- Date: Friday, 18 September 2020
- Original article: world-nuclear-news.org/Articles/Nuclears-flexibility-is-the-magic-to-create-a-clea
Hitachi announced today it will end its business operations on the Wylfa Newydd nuclear power plant construction project, which it had suspended in January 2019 "because it was clear that further time was needed to decide on a financing structure". Horizon Nuclear Power, the UK project developer that Hitachi acquired in November 2012, said it will now take steps for the "orderly closing down" of all its current development activities, but will "keep the lines of communication open" with government and other key stakeholders regarding future options at both its sites, which in addition to Wylfa Newydd on Anglesey, include Oldbury on Severn in South Gloucestershire.
- Source: World Nuclear News
- Date: Thursday, 17 September 2020
- Original article: world-nuclear-news.org/Articles/Hitachi-withdraws-from-UK-new-build-project