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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.

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

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

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

The current rate of deployment of low-carbon energy technologies and energy efficiency solutions in France is not fast enough for the government to meet its energy and climate targets, requiring stronger policy efforts and increased investments, according to the International Energy Agency’s (IEA’s) 2021 Energy Policy Review of France. 

Source: NEI Magazine
Date: Tuesday, 07 December 2021
Original article: neimagazine.com/news/newsiea-france-should-review-plans-to-reduce-nuclear-share-9300868

Site preparation for BWRX-300 could begin in 2022 with first unit ready for operation in 2028 The first unit could be ready for operation at Darlington in 2028. Courtesy GEH/OPG. Canadian utility Ontario Power Generation has chosen GE Hitachi Nuclear Energy as its technology partner on a new small modular reactor, with the first grid-scale plant scheduled to be completed by 2028 at the Darlington nuclear station site.

OPG and GEH will collaborate on SMR engineering, design, planning, preparing the licencing and permitting materials, and site preparation for the BWRX-300.

Site preparation for the SMR could begin in the spring of 2022. OPG’s goal is to apply to the Canadian Nuclear Safety Commission for a construction licence by the end of 2022.

Darlington, north of Toronto on the shore of Lake Ontario, is the only site in Canada with an approved environmental assessment and regulatory licence for new nuclear.

The other SMRs under consideration for the site were X-energy’s Xe-100 and Terrestrial Energy’s IMSR400.

Source: Nucnet
Date: Friday, 03 December 2021
Original article: nucnet.org/news/opg-chooses-geh-as-technology-partner-for-first-smr-at-darlington-12-4-2021

The urgent need to reduce emissions and slow global heating should involve the roll-out of more nuclear power stations, according to a new briefing released by the United Nations Economic Commission for Europe (UNECE) on 11 August. In the run up to the COP 21 meeting in Glasgow, UNECE argues that nuclear power can help deliver on the Paris Agreement and the 2030 Agenda for Sustainable Development. UNECE, set up in 1947, is one of five regional commissions of the United Nations. Its main aim is to promote pan-European economic integration. UNECE includes 56 member states in Europe, North America, Central Asia and Western Asia.

Source: NEI Magazine
Date: Thursday, 19 August 2021
Original article: neimagazine.com/news/newsunece-says-nuclear-power-essential-to-achieve-climate-goals-9007938

Low-carbon technologies are more competitive than the fossil fuel options for electricity generation, which is good news for governments wanting to move towards low-carbon systems. But electricity is not the end of the story, says Dr Henri Paillere, head of the Planning and Economics Studies Section of the International Atomic Energy Agency (IAEA).

Source: World Nuclear News
Date: Tuesday, 16 February 2021
Original article: world-nuclear-news.org/Articles/Speech-Nuclear-beyond-electricity

The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; political changes; perceived competition with renewable energy; and the public's misconceptions about radioactive waste.

Source: World Nuclear News
Date: Friday, 15 January 2021
Original article: world-nuclear-news.org/Articles/The-real-challenges-to-nuclear-are-external,-says