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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.

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

A strategic partnership has been signed between the UK and Sweden aimed at "reinvigorated and deepened cooperation across the bilateral relationship, including on security and defence, innovation, science, energy and climate, people to people and trade and investment". It includes cooperation on nuclear reactor technologies, including small modular reactors, and diversifying nuclear fuel supplies.

Date: Wednesday, 18 October 2023
Original article: world-nuclear-news.org/Articles/Sweden-and-UK-agree-to-enhance-cooperation-in-nucl

Danish climate tech fund Climentum Capital and Swedish social developer Granitor Growth Management are investing EUR2 million (USD2.2 million) into Swedish small modular reactor (SMR) project development company Kärnfull Next AB.

Date: Saturday, 08 July 2023
Original article: world-nuclear-news.org/Articles/Karnfull-Next-receives-investment-from-climate-tec

The Nuclear Energy Agency (NEA) has recently published a 73-page study, which tracks the progress of selected small modular reactor (SMR) designs towards deployment. NEA says the SMR designs are at various stages of development, from fundamental research on new concepts to commercial deployment and operation of mature designs.

Date: Wednesday, 22 March 2023
Original article: neimagazine.com/news/newssmr-development-tracked-by-nea-and-iaea-studies-10691068

In a wide-ranging interview for the World Nuclear News podcast GE Hitachi Nuclear Energy’s President and CEO Jay Wileman explained why nuclear has a key role in achieving carbon reduction targets, and how regulatory harmonisation between different countries could help speed that process.

Date: Tuesday, 21 February 2023
Original article: world-nuclear-news.org/Articles/In-Quotes-GE-Hitachi-s-Jay-Wileman-on-regulatory-h

Proposals would remove limits on reactor construction New legislation being put forward by Sweden’s centre-right coalition government removes obstacles to the potential construction of small modular reactors and will help the country in “reaching a climate neutral society with high robustness”, the secretary-general of the Swedish Atomic Forum said.

Carl Berglöf said on social media that the legislation will remove from existing law the maximum limit of 10 reactors. It will also remove a clause that says new reactors can only be built at existing site. “This proposal paves the way for SMRs in Sweden,” he said.

Mr Berglöf said that specifically, the government wants to remove article 6a of chapter 17 (“article 17.6a”) in the country’s environmental act. This article prohibits the government from giving permit to a reactor that is not replacing an existing reactor that has been permanently shut down.

Date: Friday, 13 January 2023
Original article: nucnet.org/news/nuclear-legislation-removes-obstacles-to-smr-deployment-says-head-of-atomic-society-1-4-2023

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.

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