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Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. Investors in uranium have sharply outperformed investors in clean energy and oil & gas majorsThe significance of that change extends well beyond Finland's power market, which gets over a third of its electricity from nuclear plants. The Global X Uranium ETF , the world's largest ETF exposed to the uranium space, is up 31% year-to-date, while Canada's first uranium ETF, the Horizons Global Uranium Index ETF (HURA.TO), is up over 45%, LSEG data shows. However, even with the broad new backing for nuclear, it is far from certain that a significant increase in nuclear power output will actually materialise. In addition, the cost of building new nuclear plants has sky-rocketed in recent years.
Persons: Macusani, Mariana Bazo, NuScale, Gavin Maguire, Sonali Paul Organizations: Plateau Energy, REUTERS, Finland's Green Party, Green Party, Green, Finland Green Party, World Nuclear Association, Uranium, CME, France's EDF, EDF, Institute for Energy Economics, Reuters, Thomson Locations: Lima , Peru, LITTLETON , Colorado, Spain, Belgium, Sweden, Germany, Kazakhstan, Uzbekistan, Russia, Niger, China, Europe, United States, England, U.S
Shell unit to acquire EV charging firm Volta for about $169 mln
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +1 min
Jan 18 (Reuters) - Volta Inc (VLTA.N) said on Wednesday that a Shell Plc (SHEL.L) subsidiary would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in cash in a deal that is expected to close in the first half of the year, Volta said. Shell and other companies such as France's EDF (EDF.PA) and Norway's Statkraft [RIC:RIC:STATKF.UL] have been investing in EV charging infrastructure to cash in on the growing demand for EVs. As part of the deal, Shell USA will also provide loans to Volta to help the company through the closing of the deal. Goldman Sachs and Barclays Capital served as advisers to Volta, while Shearman & Sterling LLP served as its legal adviser.
Three companies vie to build new Czech nuclear plant
  + stars: | 2022-11-30 | by ( Jan Lopatka | ) www.reuters.com   time to read: +2 min
The Czech Republic has been a strong backer of nuclear energy as a carbon-free power source for the future, unlike European Union neighbours Germany and Austria. CEZ plans to build three more nuclear units - on top of the one now planned - at its Dukovany and Temelin nuclear sites, as the country diversifies away from coal. It is also planning to build smaller modular nuclear power plants. Poland picked Westinghouse last month to build its first nuclear power plant, and also agreed to cooperate with South Korea on potential further units. In 2020, the cost of the project - not including financing and inflation - was estimated at 6 billion euros ($6.2 billion).
France's EDF, Credit Agricole sign 1 bln euro nuclear loan
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Nov 18 (Reuters) - EDF (EDF.PA) and Credit Agricole (CAGR.PA) said on Friday they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of nuclear power plants in France. The loan is part of EDF's major refit programme to improve the security and extend the operating life of nuclear reactors beyond 40 years. The deal is the first transaction in which the funds will be entirely dedicated to investments in EDF's nuclear activities, Credit Agricole and EDF said in a statement. ($1 = 0.9630 euros)Reporting by Virginia Furness; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
It is also investing in nuclear power for the first time in decades. Together, these measures will raise £14 billion ($16.5 billion) next year and more than £55 billion ($65 billion) between 2022 and 2028. “I have no objection to windfall taxes if they are genuinely about windfall profits caused by unexpected increases in energy prices,” Hunt said in parliament on Thursday. The UK's Sizewell B nuclear power station, which is operated by France's EDF. Chris Radburn/AFP/Getty ImagesAs well as hiking energy taxes, Hunt affirmed a £700 million ($824 million) investment into Sizewell C, a nuclear power station operated by France’s EDF in the east of England.
[1/2] Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies in Niederaussem, Germany, March 3, 2016. "The post-COVID rebound in the EU's fossil fuel use and emissions has come to an end in the past few months, due to the growth in clean energy supply led by solar power, and energy saving measures precipitated by the fossil fuel supply crunch," said CREA lead analyst Lauri Myllyvirta. "Clean energy investments and policies have expanded dramatically, which will lead to a sustained and accelerated fall in emissions in the next years." Hydropower generation is now closer to historical averages, and nuclear underperformance should recover, easing Europe's reliance on pollutants, it said. World leaders are expected to discuss increasing clean energy production facilities in emerging countries during the annual United Nations climate summit in Egypt from Sunday.
France's EDF gives notice of 24-hour strike from Oct. 18
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: 1 min
Spain extends cap on regulated gas price rises for small-scale users, article with imageClean Energy · October 18, 2022 · 1:43 PM UTCSpain will extend a cap on regulated gas price increases for households and small and medium-sized companies by a year until end-2023 to help them cope with soaring energy prices, Energy Minister Teresa Ribera said on Tuesday after a cabinet meeting.
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