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☆ Nuclear energy is not for everyone but many countries are 'seriously committed,' industry body says
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuclear energy is not for everyone but many countries are 'seriously committed,' industry body saysSama Bilbao y León, director general of World Nuclear Association, discusses the nuclear energy industry, its safety record and the countries leading the way.

Organizations: León, World Nuclear Association

☆ The US, Russia and China are in a race to dominate new-wave nuclear energy — and win global influence
▼ + stars: | 2024-02-01 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +12 min

Russia's floating nuclear power plant, Akademik Lomonosov, leaving the service base Rosatomflot on August 23, 2019. For some experts, nuclear energy — in all forms, large or small — has an important role to play in that transition. Globally, the construction of conventional nuclear power plants dipped following the Chernobyl meltdown in 1986. Russia has already built or designed nuclear plants — the traditional type — for China, India, Bangladesh, Turkey, Slovakia, Egypt and Iran. “It certainly dampens the excitement abroad,” said John Parsons, a senior lecturer at MIT and a financial economist focused on nuclear energy.

Persons: Akademik Lomonosov, Biden, Lomonosov, Maxim Shemetov, “ There’s, ”, Josh Freed, China —, Vladimir Putin’s, Bill Gates ’, Luo Yunfei, Kirsten Cutler, they’re, Cutler, ” Cutler, They’re, John Parsons, John Kerry, Thomas Mukoya, Way’s Freed, “, ” Parsons, Mohammed Hamdaoui, ” Hamdaoui, “ It’s Organizations: CNN, Reuters, European Union, International Energy Agency, Energy, World Nuclear, IEA, US, SMR, US Export, Import Bank, International Development Finance Corporation, GE Hitachi Nuclear Energy, China, Changjiang, China News Service, Nuclear Energy, US State Department, “, MIT, InfluenceMap, The State Department, Nuclear Regulatory Commission, NRC, Rystad Energy Locations: Alaska, Russian, Russia, China, European, Japan, India, South Korea, Europe, Dubai, America, Poland, North Carolina, Southeast Asia, Bangladesh, Turkey, Slovakia, Egypt, Iran, Lomonosov, Siberia, Russia’s, Washington, Bill Gates ’ TerraPower, Wyoming, Changjiang Li Autonomous County, Hainan province, United States, Oregon, Idaho, United Arab Emirates

☆ U.S. leads coalition to triple nuclear power by 2050 in effort to address climate change
▼ + stars: | 2023-12-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The United States and more than 20 other countries plan to triple nuclear power by 2050 to achieve net-zero carbon emissions and limit climate change. The declaration is the most concrete step taken yet by major nations to place nuclear power at the center of the push to transition to clean energy. The head of the International Energy Agency, Fatih Birol, said last month that nuclear energy is making a "very strong comeback," but government support is needed for projects. More than 40% of the 61 nuclear plants currently under construction are in China, according to the World Nuclear Association. India and Russia are also investing heavily in nuclear power.

Persons: John Kerry, Rafael Mariano Grossi, Fatih Birol Organizations: United Arab Emirates, International Atomic Energy Agency, International Energy Agency, World Nuclear Association . India, CNBC PRO Locations: Dubai, United Arab, United States, U.S, Canada, France, United Kingdom, Japan, China, Finland, Korea, Pakistan, Russia

☆ IAEA says a dozen countries to be equipped with nuclear power
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Rafael Mariano Grossi, director general of the International Atomic Energy Agency, speaks at a news briefing in Okuma, northeastern Japan, Wednesday, July 5, 2023. Hiro Komae/Pool via REUTERS Acquire Licensing RightsPARIS, Nov 28 (Reuters) - A dozen countries are expected to start producing electricity from nuclear power sources within the next few years, the director general of the International Atomic Energy Association (IAEA) Rafael Mariano Grossi said on Tuesday. "We already have 10 countries which have entered the decision phase (to build nuclear power plants) and 17 others which are in the evaluation process," he said. "There will be a dozen or 13 (new) nuclear countries within a few years," he added. Ghana, Kenya, Morocco, Nigeria, Namibia, the Philippines, Kazakhstan and Uzbekistan were cited by Grossi as potential new nuclear countries.

Persons: Rafael Mariano Grossi, Hiro Komae, Grossi, Benjamin Mallet, Forrest Crellin, Bernadette Baum Organizations: International Atomic Energy Agency, REUTERS Acquire, Rights, International Atomic Energy Association, Thomson Locations: Okuma, Japan, Paris, Ghana, Kenya, Morocco, Nigeria, Namibia, Philippines, Kazakhstan, Uzbekistan

☆ Nuclear's uncertain role in the shift away from fossil fuels is seen as critical and very contentious
▼ + stars: | 2023-11-27 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

It's set to be a hot topic at the COP28 summit in Dubai, which begins this week. There are reports that there will be a concerted effort to get behind a big increase in nuclear capacity from now to 2050. "As more nations understand the role nuclear can play in achieving energy security and decarbonisation targets, global support for nuclear energy is growing," he added. "The phase-out of nuclear power makes our country safer; ultimately, the risks of nuclear power are uncontrollable," Steffi Lemke, Germany's federal minister for the environment and nuclear safety, said in April. France, a major player in nuclear power, is also planning to increase its number of reactors.

Persons: Janos Kummer, Atoms4NetZero, Rafael Mariano Grossi, Friedrich Merz, CNBC's Annette Weisbach, Merz —, Chancellor Olaf Scholz —, Steffi Lemke Organizations: Getty, International Atomic Energy Agency, CNBC, World Nuclear Association, IAEA, Christian Democratic Union, Greenpeace, Germany —, — Locations: Slovakia, Dubai, United Arab Emirates, COP28, Germany, Sweden, France

☆ Fact Check: Niger did not hike uranium price to 200 euros per kg after 2023 coup
▼ + stars: | 2023-10-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Niger did not raise the price of uranium from 0.80 euros per kilogram to 200 euros per kg following its July 2023 coup, contrary to claims made online. Uranium is traded in an open market and governments do not directly control uranium prices, experts told Reuters. Market data also show that uranium prices were much higher than 0.80 euros per kg before the coup and have not neared 200 euros in the months since. Reuters previously addressed the false claim that Niger banned uranium exports to France and the EU in an August fact check. Niger did not raise the price of uranium from 0.80 euros per kg (0.38 USD per lb) to 200 euros per kg following the July 2023 coup in the West African nation.

Persons: Mohamed Bazoum, Euratom, Jonathan Hinze, UxC, ” Hinze, ”, Kathleen Tanzy, Tanzy, Read Organizations: Uranium, Reuters, Nigerien, Nuclear Association, European Union, Facebook, P, Commodity, EU, Thomson Locations: Niger, Russia, France, West African

☆ Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, June 27, 2018. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 16 (Reuters) - Rolls-Royce Holdings (RR.L) is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. Rolls-Royce did not immediately respond to a request for comment. In May, Rolls-Royce said it had made no decisions regarding changes to its workforce, in response to a Sunday Times report that it was expected to cut about 3,000 non-manufacturing staff. Reporting by Jyoti Narayan in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Benoit Tessier, Tufan Erginbilgic, Jyoti Narayan, Jonathan Oatis Organizations: Nuclear, REUTERS, Royce Holdings, Sky News, Sunday Times, Thomson Locations: Villepinte, Paris, France, Bengaluru

“Russia’s thinly veiled threats to use nuclear weapons remind the world that escalation of the conflict – by accident, intention, or miscalculation – is a terrible risk. New Construction at Russia's Novaya Zemlya nuclear test site, June 22, 2023. Lop Nur nuclear test site. “The Chinese test site is different than the Russian test site,” Lewis said. Both countries keep their strategic nuclear arsenals on “hair-trigger” alert, meaning that nuclear weapons can be launched on short notice.

Persons: Jeffrey Lewis, James Martin, ”, Cedric Leighton, “, Vladimir Putin, ” Lewis, Lewis ’, António Guterres, ” Guterres, Dmitry Medvedev, Putin, Alexander Lukashenko, Sergei Shoigu, Lewis, we’ve, Leighton, they’d, ” Leighton, Nur, Hans Kristensen, Kristensen, Israel –, Dyess, Frederic J . Brown, Fiona Cunningham, Yang Kun, ” Daryl Kimball, Kimball, Michael Frankel, James Scouras, George Ullrich, Soviet Union –, Russia –, We’re Organizations: CNN, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, US, US Air Force, Atomic Scientists, Soviet Union, United Nations, Russia’s Security, Russian Defense Ministry, Planet Labs PBC, Middlebury, Science and Global Security, Novaya, Middlebury Institute, China Observer, China’s Foreign Ministry, Planet Labs, Nevada National Security, National Security Administration, US Department of Energy, Office, National Security Council, International Monitoring, Federation of American Scientists, Stockholm International Peace Research Institute, Missile Defense, Center for Strategic, International Studies, Columbia, Northrop Grumman's Air Force, Getty, Control Association, ACA, NGO, PLA, Nuclear, Carnegie Endowment, International, Arms Control Association, Johns Hopkins Applied Physics Laboratory, Soviet Locations: Russia, United States, China, Xinjiang, Nevada, . China, Moscow, Washington, Ukraine, Soviet, Belarus, Minsk, Novaya Zemlya, Zemlya, Soviet Union, Lop Nur, Japan, Lop, Beijing, Stockholm, United Kingdom, France, India, Pakistan, North Korea, Israel, Ellsworth, Palmdale , California, AFP, Yuli County, Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region, Baltimore, Russian, Hiroshima

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

☆ How China became the king of new nuclear power, and how the U.S. is trying to stage a comeback
▼ + stars: | 2023-08-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

That is two and a half times more nuclear reactors under construction than any other country. China was just getting started as the United States nuclear industry began to take a back seat. Power follows demand, so the new nuclear reactors tend to be built where fast-developing economies need power to fuel their growth. For the United States to win the export business, it must prove it can put steel in the ground in the United States. "We and our close nuclear energy allies are at what I think is just the start of a fierce competition for supremacy in global nuclear energy export markets," Kotek said.

Persons: Jacopo Buongiorno, Kenneth Luongo, Luongo, John F, Kotek, they've, Buongiorno, Westinghouse, Trump, Biden Organizations: Plant, China National Nuclear Corporation, China Huaneng, Changjiang, China News Service, Getty, International Atomic Energy Agency, United, Massachusetts Institute of Technology, CNBC, Partnership for Global Security, World Nuclear Association, Chicago Tribune, Tribune, Service, IAEA, Organization for Economic Cooperation, Development, OECD, U.S . Energy Information Administration, Nuclear Energy Institute, International Energy Agency, France, Visual China, Georgia Power, Westinghouse Locations: China, Changjiang Li Autonomous County, Hainan Province, India, Turkey, United States, Georgia, Byron , Illinois, France, Russia, HUIZHOU, CHINA, Huizhou, Guangdong Province of China, Europe, Eastern Europe, U.S

☆ Fact Check-Niger has not banned uranium exports to France and EU
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The 122-word caption reads in part: “Uranium Ban in Niger Sparks Protests and Energy Crisis in France and the EU’ Niger, with the world’s 7th largest uranium deposits, has banned exports to France and the EU. Despite reported fears of it happening, the country did not declare any plans to halt uranium exports as of the time of writing, Aug. 16 (here). RUSSIAN OILAlthough the European Union has banned certain types of oil supplies from Russia, the region continues to receive Russian oil. In addition, Russian pipeline oil supplies to the EU are excluded from the EU ban. Niger has not announced the halt of uranium exports to France and the EU, as of Aug. 16, and parts of the EU do still receive Russian oil.

Persons: Mohamed Bazoum, Euratom, Read Organizations: European Union, Niger Sparks, Energy, EU, World Nuclear Association, Reuters, Canada, French Le Monde Locations: Niger, France, Europe, Russia, Ukraine, Nigerien, Kazakhstan, French, Bulgaria, Russian, Hungary, Slovakia, Czech Republic

☆ Niger: Africa's latest coup is a headache for the West and an opportunity for Russia
▼ + stars: | 2023-08-03 | by ( Stephanie Busari | ) edition.cnn.com time to read: +11 min

An important Western allyThe coup in Niger has deprived Western nations, particularly France and the United States, of a key ally in a troubled region. The largest country in West Africa, Niger had been touted as a democratic success story on the continent and Bazoum was seen as a crucial partner in the fight against Islamist jihadists in the region. Carley Petesch/AP/FileThe French military also maintains two permanent bases in the Sahel region, one of which is in Niamey. “The former colonizers are trying to keep the people of African countries in check. Russian President Vladimir Putin, right, and President of the Republic of South Africa Cyril Matamela Ramaphosa shake hands on the sideline of the Russia Africa Summit.

Persons: Mohamed Bazoum, Putin, France ”, Emmanuel Macron, “, Bazoum, Joe Biden, Washington “, Stringer, Wagner, Yevgeny Prigozhin, jihadists, Carley Petesch, ” Maman Sani, Oluwole Ojewale, …, ” Ojewale, ” Françafrique, Remi Adekoya, ” Adekoya, ” Wagner, Prigozhin, ” Prigozhin, Vladimir Putin, Republic of South Africa Cyril Matamela Ramaphosa, Mikhail Metzel, Ibrahim Traore, ”, ” Traore, Ojewale Organizations: CNN, West, Kremlin, ISIS, Africa Center, Strategic Studies, European Union, World Nuclear Association ., Institute for Security Studies, Central African, CFA, Banque de France, UK’s York University, Russia Africa Summit, ISS Locations: Niger, Niamey, France, Paris, United States, Western, Africa, Russia, Moscow, Russian, Mali, West Africa, Nigerien, al Qaeda, US, Agadez, Sahel, Burkina Faso, West, Central Africa, China, Ukraine, Sudan, Central African Republic, Mozambique, Libya, St . Petersburg, Somalia, Uganda, Zimbabwe, Republic of South Africa

☆ China's oil and uranium business in Niger
▼ + stars: | 2023-07-31 | by ( Andrew Hayley | ) www.reuters.com time to read: +4 min

China's total foreign direct investment (FDI) into Niger stood at $2.68 billion as at the end of 2020, according to the U.S. Embassy in Niger. The pipeline investment is twinned with a second phase of development of the Agadem field. Taken together, total investment into the pipeline and second phase development is expected to reach $4 billion, according to China's Ministry of Commerce. URANIUM MINEIn 2007, state-owned China National Nuclear Corporation (CNNC) (601985.SS) entered a joint venture with the Nigerien government to develop the Azelik uranium mine in the centre of the country. Niger, which has Africa's highest-grade uranium ores, produced 2,020 metric tons of uranium in 2022, about 5% of world mining output, according to the World Nuclear Association.

Persons: Niger's, Mohamed Bazoum, PetroChina, CNNC, Andrew Hayley, Aizhu Chen Organizations: U.S, Embassy, Nigerien, China's Ministry of Commerce, Reuters, China National Nuclear Corporation, Hong Kong Stock Exchange, World Nuclear Association, Thomson Locations: BEIJING, China, France, West, Niger, PetroChina, Niamey, Zinder, Nigeria, Nigerien, Cotonou, Africa, Beijing, Singapore

☆ Factbox: Uranium mines in Niger, world's 7th biggest producer
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

Niger is the world's seventh-biggest producer of uranium, according to the World Nuclear Association (WNA). Below are details of Niger's uranium deposits and mines:PRODUCTIONNiger, which has Africa's highest-grade uranium ores, produced 2,020 metric tons of uranium in 2022, about 5% of world mining output, according to the WNA. Niger has one major mining operation in the north operated by France's state-owned Orano, another major mine which closed in 2021, with one under development. French nuclear power plants source less than 10% of their uranium from Niger, Orano added. IMOURARENThis deposit about 50 miles south of Arlit contains one of the largest reserves in the world, according to Orano.

Persons: Mohamed Bazoum, Orano, Eric Onstad, Nick Macfie Organizations: Niger, World Nuclear Association, Somair, Arlit, Thomson Locations: Niger, Kazakhstan, Canada, Namibia, Arlit, Orano, Niger's, Akokan

☆ Ukraine's nuclear power plants are still a source of nightmares years after the Chornobyl disaster
▼ + stars: | 2023-04-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

A Ukrainian army soldier stands guard at the Chornobyl Nuclear Power Plant on April 26, 2022, in Chornobyl, Ukraine. Ukraine's President Volodymyr Zelenskyy on Wednesday commemorated the Chornobyl nuclear power plant disaster on April 26, 1986, saying that the events on that day "left a huge scar on the whole world." The disaster is still seen as the most serious accident in the history of nuclear power operation although Ukraine has remained heavily dependent on nuclear energy. Today, its nuclear power plants have once again become a source of nightmares as fears abound for their safety and security amid the relentless fighting between Ukrainian and Russian forces. Most concerns around the safe functioning of the country's power plants amid war have centered on the the nuclear power plant located in Zaporizhzhia in southern Ukraine, which also happens to be Europe's largest nuclear power plant.

☆ Opinion: No, nuclear power isn’t the ‘big bazooka’ climate fix you might think
▼ + stars: | 2023-04-20 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +6 min

Berlin CNN —Germany’s exit from nuclear power on April 15 doesn’t single it out as a quirky anomaly or black sheep in a world otherwise enthusiastically embracing nuclear energy. Since a highpoint in the early 2000s, the number of operational nuclear reactors worldwide has fallen – from 438 to 411, according to this year’s World Nuclear Industry Status Report. While at the same time, renewable energy generation – clean tech like solar, wind, bioenergy and geothermal – has expanded by more than 30-fold. In fact, when matched up against renewables as a source of energy that doesn’t emit carbon, nuclear power falls egregiously short. Nuclear power may look like an attractive, big bazooka fix to rising emissions.

☆ Germany has shut down its last three nuclear power plants, and some climate scientists are aghast
▼ + stars: | 2023-04-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

16 April 2023, Baden-Württemberg, Neckarwestheim: The Neckarwestheim nuclear power plant. The era of commercial power generation with nuclear power plants in Germany came to an end on Saturday with the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid. Picture Alliance | Picture Alliance | Getty ImagesAs of Sunday, April 16, Germany is no longer producing any electricity from nuclear power plants. With the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid, the era of commercial power generation with nuclear power plants in Germany came to an end on Saturday. Nuclear energy is also often more expensive than wind and solar power, Quaschning said, adding, "there are no longer any real advantages with nuclear energy."

☆ Explainer: Everything to know about nuclear fuel uranium
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +3 min

Here is everything you need to know about uranium and its usage as a nuclear fuel. WHAT IS URANIUM USED FOR? The radioactive metal is the most widely used fuel for nuclear energy due to its abundance and the relative ease of splitting its atoms. It is also used in treating cancer, for naval propulsion, and in nuclear weapons. HOW MUCH URANIUM IS NEEDED FOR A NUCLEAR WEAPONThe amount of uranium that went missing contains enough of the U-235 isotope to build a first-generation nuclear bomb if enriched to over 90%, according to Dr. Edwin Lyman from the Union of Concerned Scientists.

☆ Belgium to extend life of two nuclear reactors by 10 years
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +3 min

Companies Engie SA FollowBRUSSELS, Jan 9 (Reuters) - Belgium has reached an agreement with French utility Engie to extend the life of two nuclear reactors by 10 years, the prime minister said on Monday, overturning a plan to exit nuclear power in 2025 as the war in Ukraine has changed energy strategy. "The extension of these two nuclear reactors is crucial to guarantee our energy security," Belgian Prime Minister Alexander De Croo told a news conference after meeting cabinet members. Belgium had planned to exit nuclear power entirely in 2025, but Russia's invasion of Ukraine has forced the government to rethink plans to rely more on natural gas. Belgium's six operating nuclear reactors have a combined capacity of about 5 gigawatt and generate about half of the country's electricity, World Nuclear Association data show. The cost of the future dismantling of the Belgian reactors will remain Engie's responsibility, De Croo added.

☆ Green surge is circuit breaker on nuclear revival
▼ + stars: | 2023-01-04 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 4 (Reuters Breakingviews) - Nuclear power received what seem like two plum gifts for 2023. Nuclear plants are expensive to build, and their complexity often causes projects to go way over budget. The cost of a new nuclear power station is around $168 per megawatt hour according to Lazard. China has 22 nuclear reactors under construction, but built renewables about twice as fast. CONTEXT NEWSVogtle 3 and 4 will be the first new nuclear reactors built in the United States in more than three decades.

☆ Nuclear fusion triggers an overreaction
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Dec 13 (Reuters Breakingviews) - A fusion breakthrough unveiled on Tuesday by the U.S. Department of Energy is a scientific tour de force, and a commercial irrelevancy. It’s a notable feat that researchers produced more energy from fusing atoms together than they used to start the process. Unless there are more breakthroughs, fusion probably would take place in massive facilities like today’s fission plants. The cost of power from a new nuclear plant runs about five times more expensive than a solar equivalent, Lazard analysts estimate. Making fusion cheaper and practical could be as big a challenge as fusion itself.

☆ Nuclear power is an important source of low-carbon energy: World Nuclear Association
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuclear power is an important source of low-carbon energy: World Nuclear AssociationKing Lee of the association says nuclear energy provides 10% of the world's electricity supply and is an important part of many countries' energy mix.

☆ Canada backs nuclear power project with C$970 mln financing
▼ + stars: | 2022-10-25 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

The nuclear power project, which is being developed by utility Ontario Power Generation (OPG) in Darlington, will be the first commercial grid-scale SMR in the Group of Seven wealthy nations (G7), according to the minister's spokesperson. read more"We are doing this because nuclear energy – as a non-emitting source of energy – is critical to the achievement of Canada's and the world's climate goals," Wilkinson will say. "Nuclear power is one source that can help in reaching our climate targets while addressing growing future demand." About 15% of Canada's electricity comes from nuclear power, according to the World Nuclear Association. The reactors are designed by GE-Hitachi Nuclear Energy, an alliance between General Electric Co (GE.N) and Japan's Hitachi Ltd , and could power about 300,000 homes after completion, OPG says.

☆ Westinghouse deal will overpower immediate fallout
▼ + stars: | 2022-10-12 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

NEW YORK, Oct 12 (Reuters Breakingviews) - A mushroom cloud is rising over a $7.9 billion nuclear deal. Brookfield Renewable Partners (BEP.N) and Cameco (CCO.TO)agreed to buy Westinghouse Electric, sending the Canadian uranium miner’s shares tumbling by 15% on Wednesday. All told, this nuclear deal should be able to power through the immediate fallout. Brookfield Business Partners bought the company in 2018, after Westinghouse filed for bankruptcy protection from creditors the previous year. Brookfield Business Partners said it expects proceeds from the deal to equal six times its invested capital when combined with distributions received to date.

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