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Read previewThe forecast looks bright for American nuclear energy, Bill Gates says. The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded. Related stories"Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator." That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.
Persons: , Bill Gates, Gates, It's, Joe Biden Organizations: Service, Microsoft, Business, CBS, of Nuclear Energy, Tech Locations: Wyoming, United States
Several stocks are well-positioned to benefit from any power supply bottlenecks resulting from rapid growth in data centers, according to 11 analysts at TD Cowen who compiled a 169-page report. As a result, they're building data centers where power is available, investing in transmission lines and exploring the use of nuclear energy . Brookfield Renewable Partners , an international renewable power producer and developer, is another beneficiary of the data center boom. "The recently signed framework agreement... is a clear example of BEP's exposure to corporate [power purchase agreement] momentum associated with data center demand. That will contribute to the energy supply needed to power data centers.
Persons: Cowen, Michael Elias, Elias, FactSet, TD Cowen, Sean Steuart, it's, Cowen's David Deckelbaum, Coterra Organizations: Amazon, Oracle, Digital Realty Trust, Digital Realty, Digital, Brookfield Renewable Partners, Microsoft, Brookfield, NuScale Power Corp, Reactor, Regulatory, Energy, Coterra Energy Locations: Northern Virginia, Silicon, Tuesday's, U.S, Europe, Brookfield, Appalachia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow CEO Jim Fitterling: Our investments are timed well to capture the upside of the cycleDow CEO Jim Fitterling joins 'Squawk on the Street' to discuss how their investments are timed well, the importance of nuclear energy, and more.
Persons: Jim Fitterling
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on May 16, 2024 as both countries seek to bolster their strategic relationship. Seen here is a file photo of the two men when they met in Beijing on Oct. 18, 2023. Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on Thursday as both countries seek to bolster their strategic relationship. In an interview with state-media Xinhua published ahead of the visit, Putin said trade volume between the two countries reached $227.8 billion last year from $111 billion in 2019. "The current bilateral trade volume is about 20 trillion rubles, or nearly 1.6 trillion yuan," he noted.
Persons: Xi Jinping, Vladimir Putin, Putin's, Xi, Putin Organizations: Xinhua Locations: Beijing, China, Russian, U.S . China, Ukraine, Washington, Moscow
Hong Kong CNN —Russian President Vladimir Putin has arrived in Beijing for the start of a two-day state visit underlining close alignment with Chinese leader Xi Jinping as Russian troops advance in Ukraine. Ahead of the trip, Putin hailed the “unprecedented level of strategic partnership” between the countries in an interview with Chinese state media Xinhua. The two leaders – who declared a “no limits” partnership weeks before the February 2022 invasion – have continued to strengthen their countries’ diplomatic, trade and security ties since Russia’s invasion of Ukraine. Xi hosts Putin in Beijing as the Chinese leader comes under under mounting pressure from the US and Europe to ensure exports from China aren’t propping up Russia’s war effort. This is the fourth in-person meeting between Xi and Putin – known for their personal chemistry – since the invasion and Putin’s second visit to Beijing in that time.
Persons: Vladimir Putin, Xi Jinping, Putin, Volodymyr Zelensky, Russia’s, China’s, , Xi Organizations: Hong Kong CNN, West, Wednesday, Xinhua, , Trade, China aren’t, Kremlin Locations: Hong Kong, Beijing, Ukraine, Kharkiv, Gaza, ” Beijing, United States, Europe, China, Moscow, Harbin, China’s, Heilongjiang, Russia’s
Opinion | The Fantasy of Reviving Nuclear Energy
  + stars: | 2024-04-18 | by ( Stephanie Cooke | ) www.nytimes.com   time to read: +2 min
Thirty-four nations, including the United States and China, agreed “to work to fully unlock the potential of nuclear energy,” including extending the lifetime of existing reactors, building new nuclear power plants and deploying advanced reactors. “Nuclear technology can play an important role in the clean energy transition,” Ursula von der Leyen, the president of the European Commission, told summit attendees. Solar and wind power together began outperforming nuclear power globally in 2021, and that trend continues as nuclear staggers along. At the same time, investment in energy storage technology is rapidly accelerating. In 2023, BloombergNEF reported that investors for the first time put more money into stationary energy storage than they did into nuclear.
Persons: , Ursula von der Leyen, BloombergNEF Organizations: International Atomic Energy Agency, , European Commission Locations: Brussels, Belgian, United States, China
London —Physicist Peter Higgs, whose theory of an undetected particle in the universe changed science and was vindicated by a Nobel prize-winning discovery half a century later, has died aged 94, the University of Edinburgh said on Tuesday. Higgs described himself as “incompetent” in the physics laboratory at school and at first preferred maths and chemistry. What came to be known as the Higgs boson would solve the riddle of where several fundamental particles get their mass from: by interacting with the invisible “Higgs field” that pervades space. That interaction, known as the “Brout-Englert-Higgs” mechanism, won Higgs and Belgium’s Francois Englert the Nobel prize in physics in 2013. CERN’s massive Large Hadron Collider finally proved to be the sledgehammer needed to crack the nut, and in 2012 two experiments there independently found the Higgs boson.
Persons: Peter Higgs, Higgs, “ Peter Higgs, , Sir Peter Mathieson, Paul Dirac, Belgium’s Francois Englert, Robert Brout, , Rolf Heuer, welling, theoreticians, Jody Williamson, ’ ”, Robert Evans, Tom Miles, Farouq Suleiman, Pravin Char, Mark Heinrich Organizations: London, University of Edinburgh, CERN, Reuters, , Edinburgh University, Fermilab, Collider, chuckling Locations: Geneva, Chicago, American, Edinburgh
TerraPower, which Bill Gates founded, plans to build its first nuclear power plant in the US. CEO Chris Levesque told the Financial Times it wants to start work on a site in Wyoming in June. AdvertisementA company cofounded by Bill Gates is about to start building next-generation nuclear power plants in the US. AdvertisementMost of the initial work at the Kemmerer site won't be related to nuclear activity, Levesque said. AdvertisementIn October last year TerraPower missed out on making the shortlisted for the next round of the UK government's competition for small nuclear plants.
Persons: Bill Gates, Chris Levesque, TerraPower, , hasn't, Levesque, Gates Organizations: Financial, Service, Financial Times, Department of Energy, CRV, Khosla Ventures, Reuters, Royce Locations: Wyoming, Kemmerer , Wyoming, Ukraine, Britain
If Bill Gates met a time traveler from the year 2100, his first question wouldn't be about his family, or Microsoft's stock price. "In the end, it's all measured through human welfare," Gates said on the most recent episode of his podcast, "Unconfuse Me." Gates asked Ritchie for her "top questions" to ask a time traveler from the future. The answer would reveal quite a bit about poverty rates in the future, and whether "we have made progress on health, agriculture, poverty," Ritchie said. But upon reflection, despite his personal interests in energy and AI, Gates changed his mind and aligned his response more closely with Ritchie's question.
Persons: Bill Gates, he'd, Gates, Hannah Ritchie, Ritchie, Ritchie — Organizations: Microsoft, University of Oxford, World Bank
Two idled reactors at Shika nuclear power plant on the Noto Peninsula in Ishikawa suffered power outages because of damage to transformers. All Japanese nuclear power plants were temporarily shut down after the 2011 Fukushima nuclear disaster for safety checks under stricter standards. They are asking officials to freeze the screening process while damage at the Shika nuclear plant is fully examined and safety measures are implemented. Nuclear safety officials have noted that the extensive damage suffered by houses and roads in the area of the Shika plant make current evacuation plans largely unworkable. Hundreds of other residents of towns hosting nuclear plants submitted similar requests to regulators and Prime Minister Fumio Kishida earlier this week.
Persons: Susumu Kitano, Fumio Organizations: TOKYO, Hokuriku, Co, Nuclear, Authority Locations: Ishikawa, Noto, Tokyo, Kanazawa, Fukui prefecture, Niigata prefecture
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
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.
Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California
A general view of a wind turbine at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Watchfield, near Swindon, Britain, September 24, 2021. "More than 110 countries have joined already," European Commission President Ursula von der Leyen told the COP28 summit on Thursday of the renewables pledge. A draft of the renewable energy pledge, seen by Reuters, called for "the phase down of unabated coal power" and ending the financing of new coal-fired power plants. Africa receives just 2% of global investments in renewable energy. Somalia has the highest onshore wind power potential of any African country, yet one of the lowest electrification rates in the continent, according to the International Energy Agency.
Persons: Andrew Boyers, Ursula von der Leyen, Najib Ahmed, Kate Abnett, Richard Valdmanis, William Mallard Organizations: REUTERS, Rights, European Union, United Arab, BP, Reuters, International Energy Agency, ___, Thomson Locations: Watchfield, Swindon, Britain, United States, United Arab Emirates, China, India, South Africa, Vietnam, Australia, Japan, Canada, Chile, Barbados, COP28, Africa, Somalia
NZ Funds says uranium bet returns over 300% profit
  + stars: | 2023-11-23 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +3 min
Uranium is a key input in the production of nuclear energy. NZ Funds said the rise in the uranium price in this time had boosted the returns of its existing options positions by as much as 362% so far. "The drive for an energy transition has increased positive sentiment towards nuclear energy. "NZ Funds have the in-house infrastructure and investment team, along with world-class expertise from our partners at Syzygy to support these types of investments," said Mark Brooks, senior portfolio manager at NZ Funds. Nuclear energy is responsible for 10% of the world's power generation, EIA website statistics show.
Persons: Syzygy, Goldman Sachs, William Callanan, Mark Brooks, Nell Mackenzie, Amanda Cooper, David Evans Organizations: U.S, Reuters, Wednesday, Funds, Technological, Senate, Fuel Security, Uranium, NZ Funds, U.S . Energy Information Administration, EIA, Thomson Locations: Russia, China, Japan, Ukraine, United States, U.S, Canada, Kazakhstan, Uzbekistan
Steam feeding into the Unit 3 turbine generator of the Vogtle nuclear power plant in Waynesboro, Ga. “The United States is now committed to trying to accelerate the deployment of nuclear energy,” John Kerry, President Biden’s climate envoy, said in September. One recent Pew survey found that 57 percent of Americans favor more nuclear plants, up from 43 percent in 2016. A NuScale engineer gave a tour of a control room simulator, modeling the company’s plans for new nuclear reactors, in 2013. “The demand for clean energy is almost unprecedented,” said Maria Korsnick, president of the Nuclear Energy Institute, an industry group.
Persons: Biden, ” John Kerry, Biden’s, , , Jacopo Buongiorno, Jimmy Carter, Rosalyn Carter, Bruce Springsteen, Dan Reicher, Gavin Newsom, Reicher, Clinton, Jeffrey Collins, Arnie Gundersen, John Williams, “ It’s, Patty Durand, Julie Kozeracki, Kendrick Brinson, Jay Wileman, Bill Gates, Dow, Roger Blomquist, NuScale Power, Jose Reyes, Adam Stein, it’s, they’re, Ahmed Abdulla, Robert Taylor, Leah Nash, NuScale, David Schlissel, Joshua Freed, didn’t, Maria Korsnick Organizations: Unit, Republicans, Nuclear Regulatory Commission, Massachusetts Institute of Technology, Associated Press, Madison, Natural Resources Defense, California Gov, Democrat, Associated, Fairewinds Associates, Components, Workers, Georgia, Southern Company, Georgia Power, Georgia Public Service Commission, Energy Department, The New York Times, GE, Hitachi Nuclear Energy, Vogtle . Ontario, Tennessee Valley Authority, Argonne, National Laboratory, Energy, Nuclear Regulatory, NuScale, , Breakthrough Institute, Carleton University, Soaring, Institute for Energy Economics, United, Nuclear Energy Institute Locations: U.S, Waynesboro, Ga, Savannah, Georgia, United States, , Pennsylvania, Texas, Virginia, Jenkinsville, Vogtle, South Carolina, South, Canada, Tennessee, Argonne, Chicago, Idaho, Wyoming, California, Alaska, Maryland, Pueblo County, Colo
Nov 8 (Reuters) - NuScale Power (SMR.N) said on Wednesday it has agreed with a power group in Utah to terminate the company's small modular reactor project, dealing a blow to U.S. ambitions for a wave of nuclear energy to fight climate change and sending NuScale's shares down 20%. In 2020, the Department of Energy approved $1.35 billion over 10 years for the plant, known as the Carbon Free Power Project, subject to congressional appropriations. NuScale's Utah plant was expected to be the first SMR to win a license from the U.S. Nuclear Regulatory Commission for construction. An Energy Department spokesperson said it was unfortunate news, but added, "We believe the work accomplished to date on CFPP will be valuable for future nuclear energy projects. So far, only NuScale's SMR design has been approved by the NRC.
Persons: NuScale, John Hopkins, Critics, Biden, Manas Mishra, Timothy Gardner, Shounak Dasgupta, Krishna Chandra Eluri, Leslie Adler Organizations: Department of Energy, Carbon, Power, Utah Associated Municipal Power Systems, SMR, U.S . Nuclear Regulatory Commission, Energy Department, DOE, NRC, Thomson Locations: Utah, Romania, Kazakhstan, Poland, Ukraine, NuScale's Utah, U.S, Bengaluru, Washington
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUranium rally in early innings, Sprott Asset Management CEO suggestsJohn Ciampaglia, Sprott Asset Management CEO, joins 'Fast Money' to talk the Uranium market, the benefits of nuclear energy and the need for energy security.
Persons: John Ciampaglia Organizations: Sprott Asset, Sprott Asset Management
PARIS, Oct 4 (Reuters) - French President Emmanuel Macron said last week his government would "take back control" of electricity prices by the end of the year, without spelling out what steps he would take. "There is a point that is key for our competitiveness, and we will announce it in October, and that is to take back control of electricity prices," Macron said. "We'll be able to announce in October electricity prices that are in line with our competitiveness," he said, adding this would apply to households and businesses. However, French officials say Germany is undermining a traditional French strength due to fears cheap nuclear electricity could provide French businesses with a competitive advantage over German companies. Under the current system, called marginal pricing, European electricity prices are linked to the most expensive power producing asset.
Persons: Emmanuel Macron, Macron, We'll, Bruno Le Maire, Michel Rose, Elizabeth Pineau, Benjamin Mallet, Leigh Thomas, Forrest Crellin, Kate Abnett, Julia Payne, Mark Potter Organizations: Union, EDF, EU, European Commission, French Finance, Reuters, Thomson Locations: Ukraine, Paris, France, Brussels, Germany, Russia, Europe, Bulgaria, Croatia, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia, Luxembourg, Austria, Spain
The New Face of Nuclear Energy Is Miss America
  + stars: | 2023-09-23 | by ( Jennifer Hiller | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
The tsunami-crippled Fukushima Daiichi nuclear power plant is seen from Namie Town, Fukushima prefecture, Japan August 24, 2023, in this photo taken by Kyodo. Kyodo/via REUTERS Acquire Licensing RightsAug 24 (Reuters) - Here are reactions to Japan's release of treated radioactive water from its destroyed Fukushima Daiichi nuclear plant on Thursday. HONG KONG PROTESTER JACAY SHUM, 73:"Japan's actions in discharging contaminated water are very irresponsible, illegal, and immoral. CHINA'S FOREIGN MINISTRY:"The disposal of contaminated water in Fukushima is a major nuclear safety issue with cross-border implications, and is by no means a private matter for Japan alone. "Since the peaceful use of nuclear energy by mankind, there has been no precedent for man-made discharge of water polluted by nuclear accidents into the ocean, and there is no accepted disposal standard.
Persons: HONG, JACAY SHUM, RAFAEL MARIANO GROSSI, MARK BROWN, Lincoln, Clarence Fernandez Organizations: Kyodo, REUTERS Acquire, GENERAL, IAEA, SOUTH, COOK, OF, PACIFIC, Reuters, Thomson Locations: Fukushima prefecture, Japan, HONG KONG, Fukushima, SOUTH KOREA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe American public isn't against the use of nuclear energy, professor saysWarren Miller, professor of practice at Texas A&M University's department of nuclear engineering, formerly assistant secretary for nuclear energy at the U.S. Department of Energy, says "something like 55% of the public is pro-nuclear."
Persons: Warren Miller Organizations: Texas, U.S . Department of Energy
The UN has an opportunity to set globally agreed-upon rules of the road for monitoring and regulating AI, Guterres said Tuesday at a first-ever meeting of the UN Security Council devoted to AI governance. Its creators themselves have warned that much bigger, potentially catastrophic and existential risks lie ahead. “China firmly opposes these behaviors.”Zhang’s remarks come on the heels of reports that the US government may seek to limit the flow of powerful artificial intelligence chips to China. Addressing the security council via teleconference, Jack Clark, the co-founder of the AI company Anthropic, urged member states not to allow private companies to dominate the development of artificial intelligence. “We cannot leave the development of artificial intelligence solely to private sector actors,” Clark said.
Persons: António Guterres, Guterres, , James, Zhang Jun, ” Zhang, Zhang’s, Jack Clark, ” Clark Organizations: CNN, United, UN, Council, , Tech Locations: United Nations, China, United States, teleconference
What to know about nuclear power in the US
  + stars: | 2023-07-06 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +8 min
Those developments, which might give anyone pause about the future of nuclear power, are counteracted by other headlines. The question of nuclear energy splits governmentsGermany made the decision to decommission all of its nuclear plants after disasters like Chernobyl and Fukushima. Nuclear power in the USAs of 2022, about 18% of US electricity is generated by nuclear power, according to the US Energy Information Administration. First, be very carefulI talked to one nuclear expert who said the US should be slow and methodical about nuclear power and another who argued there are multiple, public misperceptions about nuclear power that should be corrected. The more circumspect voice is Rodney Ewing, a Stanford University professor and expert on nuclear waste who was chairman of a federal review of nuclear waste procedures.
Persons: CNN’s Clare Sebastian, Larry, Joe Biden, Rodney Ewing, , I’ve, ” Ewing, , David Ruzic –, Ruzic, we’ve, ” Ruzic, “ It’s, it’s, Ewing Organizations: CNN, International Atomic Energy Agency, US Energy Information Administration, FirstEnergy Corp, Department of Energy, Stanford University, Bulletin, Atomic Scientists, University of Illinois, Lawmakers Locations: Russia, Ukraine, Europe’s, Japan, Georgia, Germany, Fukushima, France, CNN’s, China, Tennessee, California, Illinois
The Islamic Republic is now simultaneously holding talks with the European Union and the United States. Last week, Iran’s top nuclear negotiator, Ali Bagheri-Kani met European Union mediator Enrique Mora in the Qatari capital Doha in an effort to revive the 2015 nuclear deal between Iran and world powers. It takes place as Iran’s nuclear program advances beyond the requirements of nuclear energy and toward those of a bomb. The Islamic Republic faces parliamentary elections next year, and any easing of Western sanctions could give its rulers a boost in the polls. They had lamented being left out of the talks with Iran when world powers struck a deal with the Islamic Republic in 2015, but are now actively facilitating the dialogue.
Persons: Ali Bagheri, Kani, Enrique Mora, “ we’re, , Sanam Vakil, Ali Khamenei, Matthew Miller, Donald Trump’s, Benjamin Netanyahu, Naysan Rafati, ” Vakil, Biden Organizations: UAE CNN, European Union, Qatari, Doha, CNN, US, Islamic, North Africa, Chatham House, Group, Russia Locations: Abu Dhabi, UAE, Iran, Russia, Republic, United States, Union, EU, Tehran, Ukraine, Islamic Republic, , Washington, London, Iraq, Arab, Qatar, Oman, Israel, , Korea, US
BRUSSELS, June 10 (Reuters) - European Union countries will try again next week to pass a deal on new renewable energy targets, which have been stalled by concerns from France and other states that the law sidelines nuclear energy. Paris has sought changes to the law to offer more favourable treatment of nuclear energy, and said the final deal puts at a disadvantage countries like France with large shares of nuclear power. Nuclear energy is low-carbon, but not renewable. The EU law is designed to drive a rapid expansion of renewable energy sources like wind and solar. Meanwhile, states including Germany and Luxembourg - both anti-nuclear countries - plus Denmark and Ireland have urged the EU to resolve the spat quickly, warning the delay endangers investments in renewable energy.
Persons: Paris, Bruno Le Maire, Kate Abnett, Dominique Vidalon, Frances Kerry Organizations: Union, EU, European Commission, French Finance, France, Thomson Locations: BRUSSELS, France, EU, Paris, Bulgaria, Poland, Hungary, Czech Republic, Germany, Luxembourg, Denmark, Ireland
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