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The US Department of Energy Loan Programs Office has conditionally committed up to USD1.52 billion for a loan guarantee to Holtec Palisades for its project to bring the Palisades plant, which ceased operations in May 2022, back online. If the project proceeds, it will be the first nuclear power plant in the USA to return to commercial operations after being closed down.
- Source: World Nuclear News
- Date: Friday, 29 March 2024
- Original article: world-nuclear-news.org/Articles/Loan-guarantee-for-Palisades-restart
The AED8.89 billion (USD2.42 billion) refinancing of the Barakah nuclear power plant project, announced last year, has now been recognised as a Green Loan Facility, the Emirates Nuclear Energy Corporation has announced.
- Source: World Nuclear News
- Date: Thursday, 14 March 2024
- Original article: world-nuclear-news.org/Articles/Refinancing-of-Barakah-classed-as-green-loan
French Economy Minister Bruno Le Maire and Bulgaria's Energy Minister Rumen Radev have signed a declaration of intent to establish bilateral cooperation in the field of nuclear energy, including the areas of nuclear construction programmes, small modular reactors and development of a European supply chain.
- Source: World Nuclear News
- Date: Friday, 23 February 2024
- Original article: world-nuclear-news.org/Articles/France-and-Bulgaria-seek-to-strengthen-nuclear-ene
The European Commission (EC) has launched an Industrial Alliance to support the development of small modular reactors (SMRs) in Europe by the early 2030s. The announcement came alongside the EC’s assessment for a 2040 climate target for the European Union (EU).
- Source: NEI Magazine
- Date: Friday, 09 February 2024
- Original article: neimagazine.com/news/newseuropean-commission-launches-smr-industrial-alliance-11500965
Brussels recognises ‘potential role’ for small reactors in decarbonisation efforts
- Source: Nucnet
- Date: Thursday, 08 February 2024
- Original article: nucnet.org/news/commission-launches-industrial-alliance-for-smrs-calls-for-more-emission-cuts-by-2040-2-3-2024
South Korea's HD Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop a small modular reactor (SMR) for use in shipping in cooperation with the UK's Core Power and the USA's Southern Company and TerraPower.
- Source: World Nuclear News
- Date: Thursday, 08 February 2024
- Original article: world-nuclear-news.org/Articles/Korean-shipbuilder-joins-maritime-SMR-project
The European Commission has launched an Industrial Alliance dedicated to small modular reactors (SMRs), aiming to facilitate the development of SMRs in Europe by the early 2030s. The announcement came as the commission presented its assessment for a 2040 climate target for the EU.
- Source: World Nuclear News
- Date: Thursday, 08 February 2024
- Original article: world-nuclear-news.org/Articles/European-SMR-Industrial-Alliance-launched
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
Global nuclear power generation is forecast to grow by almost 3% annually on average through to 2026, reaching a new record high by 2025, according to the International Energy Agency (IEA). More than half of new reactors expected to become operational during the outlook period are in China and India.
- Source: World Nuclear News
- Date: Thursday, 25 January 2024
- Original article: world-nuclear-news.org/Articles/Nuclear-output-to-reach-new-record-by-2025,-says-I
Puget Sound Energy - the oldest and largest utility in Washington State - is contributing USD10 million towards the feasibility stage of Energy Northwest's programme to develop and deploy a next-generation nuclear energy facility. Energy Northwest has already determined that X-energy's Xe-100 advanced small modular reactor (SMR) is the most suitable design to meet the region's specific needs.
- Source: World Nuclear News
- Date: Saturday, 13 January 2024
- Original article: world-nuclear-news.org/Articles/Utility-invests-USD10-million-in-advanced-reactor