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10 news articles found
"A new clean energy economy is emerging - and emerging much faster than many realise," International Energy Agency (IEA) Executive Director Fatih Birol said at the launch of the agency's eighth World Energy Investment report.
- Source: NEI Magazine
- Date: Wednesday, 31 May 2023
- Original article: neimagazine.com/news/newsiea-report-on-clean-energy-investments-says-little-about-nuclear-10897991
Newly appointed EDF CEO Luc Remont announced a record net loss of €17.9bn euros ($19bn) in 2022, but pledged to put the company back on track. Électricité de France (EDF) posted a loss before interest, tax, depreciation and amortisation (Ebitda) of €4.99bn, compared with positive Ebitda of €18bn in 2021. The company's net financial debt increased 50% in 2022 to €64.5bn up from €43bn the previous year. “The 2022 results were significantly affected by the decline in our electricity output, and also by exceptional regulatory measures introduced in France in difficult market conditions,” Rémont said.
- Source: NEI Magazine
- Date: Wednesday, 22 February 2023
- Original article: neimagazine.com/news/newsrecord-losses-for-edf-10612700
EDF, China General Nuclear (CGN) and the UK government have agreed a three-year extension to the contract for difference (CfD) for the Hinkley Point C (HPC) nuclear power plant under construction in Somerset, England. While the 'long-stop date' has now been moved to November 2036, EDF maintains the plant's start-up schedule remains unchanged.
- Source: World Nuclear News
- Date: Saturday, 03 December 2022
- Original article: world-nuclear-news.org/Articles/Three-year-extension-agreed-to-Hinkley-Point-C-con
The International Atomic Energy Agenry (IAEA) has announced the release of the 2022 edition of Country Nuclear Power Profiles (CNPP), marking more than two decades since the initial launch of the Agency’s comprehensive guide on the status and development of national nuclear power programmes worldwide.
- Source: NEI Magazine
- Date: Saturday, 22 October 2022
- Original article: neimagazine.com/news/newsiaea-releases-annual-report-on-country-nuclear-power-profiles-10106867
The UK government has allocated GBP100 million (USD134 million) to continue the EDF-led development of the Sizewell C nuclear power plant project, with the aim of attracting further finance from private investors.
- Source: World Nuclear News
- Date: Friday, 28 January 2022
- Original article: world-nuclear-news.org/Articles/Sizewell-C-gets-financial-backing-from-UK-governme
EDF Energy, the UK arm of France’s state utility EDF, which is building two EPR units at the Somerset site, said the installation shows how building an identical copy of the first reactor drives efficiency and saves time. It said the ring, which is 47 metres in diameter and 17 metres high, was built 25% more quickly than the same part on Unit 1, requiring thousands of hours less labour to manufacture.
The company said this “replication effect” will benefit the proposed identical Sizewell C project in Suffolk. The government recently announced funding of £1.7bn in the Sizewell C nuclear power station project as it pushes to reach a final investment decision within three years and begin a programme of new-build that will replace the nation’s aging reactors. The government has also announced legislation to introduce a new financing model, known as the regulated asset base model, for new nuclear.
Big Carl is 250m tall and has a reach of about 270m. It moves on rail tracks and will eventually lift pieces weighing more than 1,000 tonnes. The ring was placed on 96 hydraulic jacks which lowered it into its exact position.
- Source: Nucnet
- Date: Wednesday, 17 November 2021
- Original article: nucnet.org/news/world-s-largest-crane-lifts-first-containment-ring-into-place-at-unit-2-11-2-2021
The UK government is investigating ways to block China General Nuclear (CGN) from future power projects in the UK, according to media reports citing government sources. According to both Bloomberg and the Independent, unnamed sources confirmed the original report by the Financial Times that first revealed the UK government’s intentions.
- Source: NEI Magazine
- Date: Wednesday, 28 July 2021
- Original article: neimagazine.com/news/newsuk-looks-to-ban-cgn-from-participation-in-nuclear-projects-8935996
After falling by about 1% in 2020 due to the impacts of the COVID-19 pandemic, global electricity demand will increase by 5% in 2021 and 4% in 2022, according to the International Energy Agency (IEA). However, almost half of this increase will be from fossil fuels - notably coal - threatening to push CO2 emissions from the power sector to record levels in 2022. Nuclear power generation is forecast to grow by around 1% in 2021 and by 2% in 2022.
- Source: World Nuclear News
- Date: Friday, 16 July 2021
- Original article: world-nuclear-news.org/Articles/Emissions-set-to-rise-with-growth-in-coal-use,-say
There are important lessons to be learned from the approaches that led to the rapid deployment of vaccines in the fight against the COVID-19 pandemic, James Naismith, professor of structural biology at the University of Oxford and director of the Rosalind Franklin Institute, told World Nuclear Association's Thinking Outside the Dome - Strategic eForum on Nuclear Innovation. The following is the text of his speech.
- Source: World Nuclear News
- Date: Friday, 25 June 2021
- Original article: world-nuclear-news.org/Articles/SPEECH-Learning-lessons-from-vaccine-development
Energy and climate leaders from more than 40 countries took part in the IEA-COP26 Net Zero Summit on 31 March to discuss how to work together to reduce global greenhouse gas emissions and meet the goals of the Paris Agreement. The Net Zero Summit, co-hosted by IEA Executive Director Fatih Birol and COP26 President Alok Sharma, brought together representatives of energy and climate ministries as well as participants from private companies, government institutions and NGOs.
- Source: NEI Magazine
- Date: Wednesday, 07 April 2021
- Original article: neimagazine.com/news/newsiea-lists-seven-principles-to-achieve-net-zero-8649950