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US power utility Constellation has issued the first corporate green bond in the United States that can be used to finance nuclear energy projects. Constellation will use proceeds from the $900m, 30-year offering to support maintenance, expansion and life extensions of its nuclear power plants. Green bonds are offered specifically to finance projects or activities that deliver positive environmental or climate impacts.

Date: Friday, 22 March 2024
Original article: neimagazine.com/news/newsconstellation-offers-first-us-green-bond-for-nuclear-energy-11620807

Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term, offering for investments such as maintenance, uprates and life extensions of its nuclear power plants.

Date: Wednesday, 20 March 2024
Original article: world-nuclear-news.org/Articles/Constellation-issues-first-US-nuclear-green-bond

The 20-year licence renewal would allow the Illinois nuclear power plant to continue providing carbon-free energy to the region until 2047 with adequate market or policy support, Constellation Energy Corp said.

Date: Saturday, 17 February 2024
Original article: world-nuclear-news.org/Articles/Constellation-files-Clinton-licence-renewal-applic

Over the last several years evidence has been mounting that a large expansion of nuclear energy capacity is indispensable for keeping global warning within 1.5°C limits. Multiple studies have confirmed that, contrary to the claims by “all-renewables” zealots, no single group of technologies can enable a timely and cost-efficient energy transition, and a diversified energy mix of low-carbon sources, including both intermittent renewables and nuclear, is needed to achieve net-zero by 2050. The most recent estimates suggest that the global nuclear energy installed capacity needs to increase 2.5-3 times from the current 370 GW to between 916 GWe and 1,160 GW by 2050.

Date: Thursday, 28 December 2023
Original article: neimagazine.com/news/newsglobal-smr-buildout-needs-a-new-marshall-plan-11398436

The International Atomic Energy Agency (IAEA) has released its annual outlook for nuclear power in the coming decades, increasing its global growth projections for a third year. IAEA Director General Rafael Mariano Grossi announced the new projections, contained in the 137-page annual report “Energy, Electricity and Nuclear Power Estimates for the Period up to 2050”, during the opening of the IAEA’s 2nd International Conference on Climate Change and the Role of Nuclear Power 2023: Atoms4NetZero in Vienna.

Date: Thursday, 12 October 2023
Original article: neimagazine.com/news/newsiaea-annual-projections-for-nuclear-increase-11209931

IP3 Corporation (IP3) and Green Energy Partners LLC (GEP) have formed a joint venture to establish the Surry Green Energy Center (SGEC) in Surry County, Virginia. Property and project development company GEP announced plans in April to build the USA's first integrated green energy centre adjacent to Dominion Energy's Surry nuclear power plant.

Date: Wednesday, 16 August 2023
Original article: world-nuclear-news.org/Articles/IP3,-GEP-team-up-for-Surry-Green-Energy-Center

Group of Seven (G7) energy and environment ministers, following a two-day meeting in the northern Japanese city of Sapporo, issued a 36-page communique laying out their commitments ahead of a G7 summit in Hiroshima in May. The detailed statement covered sections on environment, climate and energy. It reaffirmed a commitment to accelerating the clean energy transition to net-zero greenhouse gas emissions by 2050. “We call on and will work with other countries to end new unabated coal-fired power generation projects globally as soon as possible to accelerate the clean energy transition in a just manner,” the statement says, stipulating that countries should rely on “predominantly” clean energy by 2035.

Date: Wednesday, 19 April 2023
Original article: neimagazine.com/news/newsg7-ministers-reaffirm-net-zero-targets-condemn-russia-and-offer-only-qualified-support-for-nuclear-10770194

The agreement by Canada, France, Japan, the UK and USA to leverage their civil nuclear power sectors to ensure a stable supply of nuclear fuel for existing and future reactors came as G7 climate, energy and environment ministers concluded a two-day meeting with a promise to accelerate the phase-out of fossil fuels.

Date: Tuesday, 18 April 2023
Original article: world-nuclear-news.org/Articles/Five-G7-countries-in-nuclear-fuel-agreement

Proposals support bloc’s bid for net zero by 2050 Proposed European legislation which aims to support technologies that will get the bloc to net zero by 2050 includes “advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle” and small modular reactors.

The Net Zero Industry Act (NZIA), published by the European Commission on Thursday (16 March), aims to scale up manufacturing of clean technologies in the EU and make sure the bloc is well-equipped for the clean-energy transition.

The commission said the legislation sets out a clear framework to reduce the EU’s reliance on highly concentrated imports.

By drawing on the lessons learnt from the Covid-19 pandemic and the energy crisis sparked by Russia’s invasion of Ukraine, it will help increase the resilience of Europe’s clean energy supply chains, a statement said.

The legislation addresses a range of technologies. The commission said it will will improve conditions for investment in net-zero technologies by reducing the administrative burden to set up projects and simplifying permit-granting processes.

Date: Saturday, 18 March 2023
Original article: nucnet.org/news/net-zero-industry-act-includes-advanced-nuclear-energy-and-small-modular-reactors-3-4-2023