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☆ Goldman says this uranium miner could rally on nuclear demand, low geopolitical risk exposure
▼ + stars: | 2024-11-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Canadian uranium miner Cameco Corporation is well positioned for growth on rising demand for nuclear power in the U.S. and less exposure to global geopolitical risk, according to Goldman Sachs. CCJ YTD mountain Cameco, YTD Cameco is integrated across uranium mining, conversion and fabrication as well nuclear services through its stake in Westinghouse, Mehta wrote. Cameco is also an attractive partner for Western utilities because the company has relatively low geopolitical risk. This puts the uranium price midpoint at around $100 which is well above current spot levels of about $80 per pound, according to Goldman. Cameco is still working through the financial impact of its Westinghouse acquisition, but the miner sees a 6% to 10% growth rate over the next five years for the nuclear services company.

Persons: Goldman Sachs, Goldman, Neil Mehta, Mehta, Cameco, Grant Isaac, Isaac Organizations: Cameco Corporation, Westinghouse Locations: U.S, Canada, Kazakhstan

☆ White House to support new nuclear power plants in the U.S.
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +3 min

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. And a new tool will help developers figure out how to cut capital costs for new nuclear reactors. No new U.S. nuclear plants are currently being built. Vogtle is now the largest U.S. source of clean energy, the White House said. Nuclear energy accounts for about 19% of U.S. power generation, compared with 4% for solar and 10% for wind.

Persons: weren't, Joe Biden's, Ali Zaidi, Critics, Biden Organizations: Westinghouse, Toshiba, White House, Department of Energy, Army, The Department of Energy, U.S Locations: Waynesboro , Georgia, U.S, Biden's, Russia, United States, Georgia

☆ A way to play the global nuclear power renaissance from Morgan Stanley
▼ + stars: | 2024-05-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

But the company also has an underappreciated growth story as an attractive "pick-and-shovels" way to play the nuclear renaissance theme, Morgan Stanley analysts led by Kristine Liwag told clients in a research note Thursday. Curtiss-Wright builds a crucial reactor coolant pump for Westinghouse's third-generation AP1000 nuclear plants and there's growing interest in these builds in Europe in particular. Talk of a nuclear renaissance 15 years ago fizzled due to the political emphasis on renewables and competitively priced alternatives, the Morgan Stanley analysts said. Modernization of current nuclear plants in the U.S. is a $7 billion opportunity through 2050, according to Curtiss-Wright management. In a bull case, Curtiss-Wright could realize $4.9 billion in revenue through 2050 on AP1000 builds, Morgan Stanley estimates.

Persons: Morgan Stanley, Wright, Kristine Liwag, Morgan Stanley's Organizations: Curtiss, Westinghouse Locations: Europe, Japan, Ukraine, Curtiss, Wight, U.S, Canada, South Korea

Stock Chart Icon Stock chart icon The Dow, all-timeThe average was created by Charles Dow in 1896 with just 12 industrial stocks. Paired with the Dow Jones Transportation Average , the two were collectively meant to offer a gauge for the broader economy. The sole caveat: No utility or transportation stocks are included, given the existence of the Dow Jones Utility Average and Transportation Average. 1972: Dow hits 1,000It may be hard to imagine given the recent achievement, but the Dow traded below 1,000 until the early 1970s. The Dow saw its worst year since 2008 in 2022, though 2023's rebound allowed the index to erase those losses.

Persons: Spencer Platt, Dow, Charles Dow, There's, Richard Nixon, Alcoa Esmark, Du Pont, Dow didn't, Walt Disney, Eastman Kodak Merck Alcoa ExxonMobil Phillip Morris, T General Motors Sears, Morgan, Phillip Morris, Walmart Du Pont J.P, Morgan Chase Walt, Donald Trump, General Electric Nike American Express Goldman Sachs, Morgan Chase, Johnson, Joe Biden, Trump, Goldman Sachs, Gamble Amgen, — Organizations: New York Stock Exchange, Getty, Dow Jones, Dow Jones Transportation, P Global, Dow, CNBC, General Foods, Harvester, Chevron, Procter, Gamble, Alcoa, Manville, ExxonMobil, Illinois Glass American Tobacco General Electric Procter, General Foods Sears Roebuck AT, T General Motors Texaco Bethlehem Steel, T General Motors Texaco Bethlehem Steel Goodyear Union Carbide Chevron Honeywell United Technologies Chrysler International Harvester US, Nickel Westinghouse Electric Eastman Kodak International, Woolworth, Oasis, Eastman Kodak Merck Alcoa ExxonMobil, Express General Electric Procter, Gamble AT, T General Motors, T General Motors Sears Roebuck Bethlehem Steel Goodyear Texaco Boeing Honeywell Union Carbide Caterpillar IBM United Technologies Chevron International, Walt Disney, Morgan Chase Westinghouse, Apple, Microsoft, Sears and Union Carbide, Eastman Kodak Johnson, Johnson Alcoa ExxonMobil, American Express General Electric Merck AT, T, Goodyear Procter & Gamble Caterpillar Hewlett, Packard Sears, Chevron Honeywell Union Carbide Citigroup IBM United Technologies, Walmart, Morgan Chase Walt Disney, Visa, Travelers, Nike, General Electric Nike American Express, General Electric Nike American Express Goldman Sachs Pfizer Apple Home Depot Procter, Gamble Boeing IBM Travelers Caterpillar Intel United Technologies Chevron, Morgan Chase UnitedHealth, Cisco Systems Johnson, Johnson Verizon, Cola McDonald’s, Du Pont Merck Walmart ExxonMobil Microsoft Corporation Walt Disney, Exxon Mobil, Walgreens Boots Alliance, Goldman Sachs Nike American Express Home Depot Procter, Gamble Amgen Honeywell, Apple Intel Travelers Cos Boeing IBM, Caterpillar Johnson, Johnson Verizon Chevron, Cisco Systems, Walgreens, Alliance Coca Cola Merck Walmart Dow Microsoft Walt Disney Locations: New York City, T General Motors Texaco Bethlehem Steel Goodyear, America

Westinghouse Infrared 1500 Watt Electric Outdoor Patio Heater The Westinghouse Infrared 1500 Watt Electric Patio Heater is a great choice for those who want a patio heater without having to fuss with propane, but it does have a shorter heating radius. Our review of the Westinghouse Electric Outdoor Patio HeaterAdvertisementEase of UseThe Westinghouse Electric Patio heater is small and light, I easily transferred it from my dining room, where I assembled it, to my backyard patio. For those who want an electric heater with adjustable temperature settings, the EnerG+ Infrared Electric Outdoor Heater Freestanding with Remote is a good choice. If an electric heater won't meet your needs, the Amazon Basics Outdoor Patio Heater will warm up enough space for a group and is better for families and entertaining. AdvertisementThe Bottom LineThe Westinghouse Electric Patio Heater will most comfortably warm one or two people seated close to the unit, and is easy to use and put together.

Persons: Watts, Jamie Davis Smith, Allen, Jamie Smith Davis, It's Organizations: Business, Westinghouse, Shop, Electric Locations: It's

☆ What’s Hidden in Woodlawn’s Mausoleums? Extraordinary Stained Glass.
▼ + stars: | 2024-03-03 | by ( John Freeman Gill | ) www.nytimes.com time to read: 1 min

The mausoleum of Henry Herman Westinghouse at Woodlawn Cemetery. The vibrant window within, possibly by Tiffany Studios, bears the Biblical words “I am the resurrection and the life” above a floral landscape. Credit... Jeenah Moon for The New York Times

Persons: Henry Herman Westinghouse Organizations: Woodlawn Cemetery, Tiffany Studios, The New York Locations: Woodlawn

ATLANTA (AP) — A nuclear power plant in Georgia has begun splitting atoms in the second of its two new reactors, Georgia Power said Wednesday, a key step toward providing carbon-free electricity. The unit of Atlanta-based Southern Co. said operators reached self-sustaining nuclear fission inside the reactor at Plant Vogtle, southeast of Augusta. Georgia Power says operators will raise power and sync up its generator to the electric grid, beginning to produce electricity. The new Vogtle reactors are currently projected to cost Georgia Power and three other owners $31 billion, according to calculations by The Associated Press. Georgia Power owns 45.7% of the reactors, with smaller shares owned by Oglethorpe Power Corp., which provides electricity to member-owned cooperatives; the Municipal Electric Authority of Georgia; and the city of Dalton.

Persons: Georgia Power, That’s Organizations: ATLANTA, Georgia Power, Southern Co, Plant Vogtle’s, Georgia, Regulators, Associated Press, Westinghouse, Oglethorpe Power Corp, Municipal Electric Authority of Locations: Georgia, Atlanta, Augusta, Vogtle, American, Municipal Electric Authority of Georgia, Dalton, Florida, Alabama

ATLANTA (AP) — Georgia Power Co. said Thursday that vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power. Georgia Power said the Unit 4 problem has already been fixed but too much testing remains to be done to make the March 30 deadline. The new Vogtle reactors are currently projected to cost Georgia Power and three other owners $31 billion, according to calulations by The Associated Press. But even as government officials and some utilities are again looking to nuclear power to alleviate climate change, the cost of Vogtle could discourage utilities from pursuing nuclear power. Georgia Power owns 45.7% of the reactors, with smaller shares owned by Oglethorpe Power Corp., which provides electricity to member-owned cooperatives; the Municipal Electric Authority of Georgia; and the city of Dalton.

Persons: Georgia Power Organizations: ATLANTA, — Georgia Power Co, Vogtle's, Southern Co, Georgia, Georgia Power, Georgia Public Service Commission, Regulators, The Associated Press, Westinghouse, Oglethorpe Power Corp, Municipal Electric Authority of Locations: Atlanta, Augusta, Georgia, Vogtle, American, Municipal Electric Authority of Georgia, Dalton, Florida, Alabama

☆ The quiet American: US reveals pavilion design for World Expo 2025
▼ + stars: | 2024-01-31 | by ( Christy Choi | ) edition.cnn.com time to read: +5 min

CNN —At next year’s World Expo, a grand carnival showcasing different nations’ achievements, the US is planning something unusually quiet. Courtesy Trahan ArchitectsWorld Expos, or World’s Fairs as some are known, have celebrated some of the major inventions of their time, including stereoscopic photography, vulcanized rubber, the zipper, the internal combustion engine and IMAX. Courtesy Trahan ArchitectsTrahan’s design features an elongated outdoor space sandwiched between two triangular buildings. Courtesy Trahan ArchitectsBut as well as representing American interests overseas, the pavilion design also draws on the nature, culture and history of the Expo’s host country. Expo 2025, which marks the second time Osaka has hosted the event, is expected to welcome almost 30 million visitors.

Persons: ”, Trey Trahan, Thomas Edison, Nikola Tesla, George Westinghouse, Rahm Emanuel, Biden, Donald Trump, Trahan, “ wabi Organizations: CNN, Fairs, Trahan Architects, Architects World Expos, Chicago World’s, Expos, US State Department, ES Global, Imagination, Trahan Locations: Osaka, Japan, Tokyo, Chicago, Seattle, Philadelphia, Paris, —, Los Angeles, New York, New Orleans, United States

☆ Lightning Round: I want to stay away from bitcoin, says Jim Cramer
▼ + stars: | 2024-01-18 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I want to stay away from bitcoin, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Westinghouse Air Brake Technology, Marathon Digital Holdings, Gold, Caterpillar, GE and more.

Persons: Jim Cramer Organizations: Westinghouse, Brake Technology, Marathon Digital Holdings, Caterpillar, GE Locations: bitcoin

☆ 2 nuclear reactors that can power 1 million US homes with clean, sustainable energy is $21 billion over budget and years behind schedule
▼ + stars: | 2023-12-19 | by ( Jeff Amy | Associated Press | ) www.businessinsider.com time to read: +5 min

It would take effect in the first month after Vogtle's Unit 4 begins commercial operation, projected to be sometime in March. They're currently projected to cost Georgia Power and three other owners $31 billion, according to Associated Press calculations. But even as government officials and some utilities are again looking to nuclear power to alleviate climate change, the cost of Vogtle could discourage utilities from pursuing nuclear power. Overall, the company said Georgia Power would collect an additional $729 million a year from its 2.7 million customers. The five Republican commissioners, all elected statewide, voted on an agreement that Georgia Power reached with commission staff and some consumer groups.

Persons: —, They're, Jeff Amy Southern, Georgia Power, John Kraft, Jason Shaw, Vogtle, " Shaw, Bryan Jacob Organizations: Service, Georgia Public Service, Georgia Power Co, Business, Vogtle's, Georgia Power, Westinghouse, Republican, Georgia Public Service Commission, AP, Jeff Amy Southern Co, Georgia, Georgia PSC, Power, Southern Alliance for Clean Energy, Oglethorpe Power Corp, Municipal Electric Authority of Locations: ATLANTA, Georgia, Augusta, American, Atlanta, Municipal Electric Authority of Georgia, Dalton, Florida, Alabama

☆ Brookfield’s energy M&A loss is teachable moment
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Dec 4 (Reuters Breakingviews) - Brookfield Asset Management (BAM.TO), has some wounds to lick. On Monday the Canadian investment firm’s joint $13 billion offer with MidOcean Energy for Australian power generator and retailer Origin Energy (ORG.AX)failed after the bidders secured backing from 69% of voted shares, below the required 75% threshold. It could target smaller local energy firms, like Alinta Energy and EnergyAustralia, owned by Hong Kong-based Chow Tai Fook Enterprises and CLP (0002.HK) respectively. Brookfield has made other investments from its $15 billion global transition fund, including to co-buy Westinghouse Electric. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Bruce Flatt, Chow, Brookfield, Antony Currie, Neiman Marcus, Una Galani, Thomas Shum Organizations: MELBOURNE, Reuters, Brookfield Asset Management, MidOcean Energy, Origin Energy, Alinta, Chow Tai Fook Enterprises, CLP, HK, Westinghouse, X, Saks, Thomson Locations: Brookfield, Hong Kong

☆ Thomas Edison tried to take credit for a device created by a Black American inventor
▼ + stars: | 2023-12-02 | by ( Yoonji Han | ) www.businessinsider.com time to read: +6 min

Granville T. Woods was one of the most prolific Black inventors in the 19th century. Woods' inventions revolutionized transportation, but he faced many challenges as a Black inventor. One such inventor was Granville T. Woods, the most prolific Black inventor in the late 19th century. Woods, ironically, was dubbed "Black Edison" by newspapers at the time for his contributions to science. Historians ascribe Woods' decision to sell his hard-won patents to an acknowledgment that it was difficult to market Black American inventions to a largely white audience.

Persons: Granville, Woods, Thomas Edison, he'd, —, Edison, George Westinghouse, Frank Sprague, Rayvon Fouché, Lewis H, Latimer, Shelby J, Davison, couldn't, Lucius Phelps, Michael C, Christopher Organizations: Service, Woods, Co, United States Patent, National Inventors Hall of Fame, Edison, Edison Company, Getty, Westinghouse, General Electric, American Engineering, of Black Studies Locations: Cincinnati , Ohio, Columbus , Ohio, Australia, African American

☆ Here are Friday's biggest analyst calls: Tesla, Boeing, Amazon, Delta, Spotify, Alibaba, Johnson & Johnson and more
▼ + stars: | 2023-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "

Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel

☆ Exclusive: EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war
▼ + stars: | 2023-12-01 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +5 min

Its overall imports from Russia's nuclear energy industry held steady last year despite rising demand for nuclear power driven by high energy costs and a push to cut carbon emissions. The trend highlights challenges EU faces in reaching its long-term goal of achieving VVER fuel self-sufficiency. EU imports of natural uranium from Russia fell 16% last year from 2021, a drop compensated by increase in deliveries from Kazakhstan and Uzbekistan, ESA said. In 2022, the EU's Russian nuclear energy imports were worth around 750 million euros ($823 mln), or 1% of the bloc's Russian gas imports, according the European Commission. Sources said, however, that the proposal - which is not public - does not include sanctions on Russia's nuclear energy industry.

Persons: Radovan Stoklasa, ESA's, Stefano Ciccarello, Ciccarello, Finland's, Gabriela Baczynska, Anne Kauranen, Timothy Gardner, Tomasz Janowski Organizations: REUTERS, Union, Euratom Supply Agency, ESA, Reuters, U.S, Westinghouse, Commission, U.S ., Thomson Locations: Mochovce, Slovakia, Russia, BRUSSELS, Russian, Moscow, Ukraine, Bulgaria, Czech Republic, Finland, Hungary, France, Sweden, Belgium, Kazakhstan, Uzbekistan, Europe, United States, Brussels, Helsinki, Washington, Budapest

The winner of the lucrative contract will then have an option to build three more nuclear reactors in the country. Last year, the Czech government excluded Russia’s energy giant Rosatom and China’s CNG from the tender process on security grounds. Political Cartoons View All 1227 ImagesPrime Minister Petr Fiala said Russian participation in the project, which is critical for the Czech Republic's energy security, was “unimaginable” following the Kremlin’s invasion of Ukraine. The Czech Republic already relies on six nuclear reactors to generate more than a third of its total electricity. In a separate deal, CEZ had signed a deal with U.S. energy giant Westinghouse Electric Co. to supply nuclear fuel for the Dukovany nuclear plant, eliminating dependence on Russia for such fuel.

Persons: Korea’s, CEZ, Petr Fiala Organizations: U.S, Westinghouse, France’s EdF, Union, Westinghouse Electric Co Locations: PRAGUE, Czech, Ukraine, Czech Republic, Dukovany, Austria, Germany, Central Europe, Slovakia, Hungary, Poland, Russia

SOFIA, Bulgaria (AP) — Bulgaria on Wednesday decided to expand the country’s nuclear power generation as an alternative to fossil fuels by launching the construction of two additional reactors at its only nuclear power plant. The two new reactors, which will provide a total of 2,300 megawatts, will use Westinghouse’s technology, the government said in a statement. Earlier this year, U.S.-based nuclear equipment manufacturer Westinghouse Electric Co. signed an agreement with the Kozloduy plant for a proposed deployment of one or two AP1000 pressurized water reactor units. Bulgaria currently operates two Russian-designed VVER-1000 reactors of 1000 MW each at the nuclear facility in Kozloduy that generate about a third of the country’s electricity. As part of its energy diversification efforts, Bulgaria signed agreements last year with France’s Framatome and Westinghouse Electric to receive fresh nuclear fuel for its operating reactors.

Persons: Nikolay Denkov, France’s Organizations: —, Wednesday, Westinghouse Electric Co, European Union, Westinghouse Electric Locations: SOFIA, Bulgaria, — Bulgaria, Kozloduy, Ukraine, Moscow

We're tracking all the best Prime Day deals, and during this event generators are up to 40% off, so there's no better time to buy. Great generator deals on Prime DaySee more generator deals at Amazon. Portable generators vs. whole-house generators: What's the difference? A portable generator is generally much cheaper than a whole-house generator, with prices starting as low as $500. We're seeing rare discounts on power generators during Prime Day that won't last long.

Persons: Anker, you'll Organizations: Amazon, Westinghouse, Power, Honda, Briggs, Stratton

☆ Poland issues environmental permit for first nuclear power plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Polish Minister of Climate an Environment Anna Moskwa, speaks during an interview with Reuters at Enviroment Ministry headquarter in Warsaw, Poland, June 15, 2023. REUTERS/Kuba Stezycki/File Photo Acquire Licensing RightsWARSAW, Sept 22 (Reuters) - Poland has issued an environmental permit for the country's first nuclear power plant, state run news agency PAP reported on Friday, citing Climate Minister Anna Moskwa. According to Poland's General Directorate for Environmental Protection (GDOS), the building and operation of the plant will not adversely affect the environment, and its impact will be monitored, PAP reported. Warsaw plans to build its first nuclear power plant on the Baltic coast by 2033. The U.S. consortium and Polish utility Polskie Elektrownie Jądrowe are expected to sign an engineering services contract next week, according to Bechtel.

Persons: Anna Moskwa, Kuba, Moskwa, Bechtel, Marek Strzelecki, Christina Fincher Organizations: Reuters, Enviroment Ministry, REUTERS, Rights, Environmental Protection, Westinghouse Electric Co, U.S ., Polskie, Bechtel, Thomson Locations: Polish, Warsaw, Poland, Baltic

☆ Toshiba's top investor to sell stake in JIP offer, source says
▼ + stars: | 2023-09-15 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Sept 15 (Reuters) - Toshiba's (6502.T) largest shareholder Effissimo Capital Management has decided to tender its 9.9% stake in the $14 billion takeover offer by Japan Industrial Partners (JIP), a source said on Friday, raising the odds of the bid succeeding. The offer, which will end on Sept. 20, needs at least two-thirds of shareholders to tender their shares for it to succeed. Other major shareholders, Elliott Management and Farallon Capital Management, both have their executives on Toshiba's board which has unanimously approved the JIP takeover. Singapore-based fund 3D Investment Partners, previously Toshiba's second-largest shareholder, revealed in a filing in March that it had cut its stake to 4.90% from 7.20%. Sources have said top activist shareholders were eager to exit, even though the offer price was unsatisfactory.

Persons: Androniki, JIP, Effissimo, Elliott, Makiko Yamazaki, Kantaro Komiya, Neil Fullick Organizations: Toshiba Corporation, REUTERS, Rights, Effissimo Capital Management, Japan Industrial Partners, Toshiba, Elliott Management, Farallon Capital Management, Major Toshiba, Partners, Investment Partners, Westinghouse, Thomson Locations: Kawasaki, Japan, Singapore

☆ 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

WASHINGTON, Aug 18 (Reuters) - The Biden administration has tightened controls on the export of materials and components for nuclear power plants to China, saying it would ensure the items were used only for peaceful purposes and not the proliferation of atomic weapons. The Nuclear Regulatory Commission (NRC), the federal agency responsible for nuclear energy safety, also requires exporters to get specific licenses to export special nuclear material and source material. That includes different types of uranium as well as deuterium, a hydrogen isotope that, in large amounts, could be used in reactors to make tritium, a nuclear weapons component. China opposes "putting geopolitical interests above nuclear non-proliferation efforts," he said. Two exports to China of the regulated nuclear materials occurred under a general license in the last year.

Persons: Biden, Liu Pengyu, Edwin Lyman, Henry Sokolski, Donald Trump's, Timothy Gardner, Michael Martina, Barbara Lewis Organizations: Industry and Security, Commerce Department, Nuclear Regulatory Commission, NRC, U.S, Nuclear Weapons, Union of, Pentagon, Nonproliferation, Education Center . U.S, Westinghouse, Thomson Locations: China, Washington, Beijing, U.S, United States

☆ Many countries and communities are 'very interested' in nuclear power, says nuclear power company
▼ + stars: | 2023-08-17 | 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 EmailMany countries and communities are 'very interested' in nuclear power, says nuclear power companyRita Baranwal of Westinghouse Electric Company says that when it comes to decarbonization, "study after study has shown that it's going to take a diverse, clean energy portfolio and nuclear must be part of that."

Persons: Rita Baranwal Organizations: Westinghouse Electric Company

☆ America’s first new nuclear reactor in nearly seven years starts operations
▼ + stars: | 2023-07-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: 1 min

In this article GPJA Follow your favorite stocks CREATE FREE ACCOUNTVogtle nuclear reactor 3 Source: Georgia PowerReactors for Unit 3 and 4 sit at Georgia Power's Plant Vogtle nuclear power plant on Jan. 20, 2023, in Waynesboro, Ga., with the cooling towers of older Units 1 and 2 billowing steam in the background. John Bazemore | APThe nuclear industry is celebrating the milestone. "The commercial operation of Vogtle Unit 3 marks a significant achievement for the U.S. nuclear energy industry and a milestone in advancing global clean and reliable energy solutions," Maria Korsnick, the CEO of the Nuclear Energy Institute, a nuclear industry advocacy group, said in a statement. "We are thrilled to witness the successful deployment of this Westinghouse AP1000 advanced reactor, which is helping to shape the energy landscape of the future." Over budget and late

Persons: John Bazemore, Maria Korsnick Organizations: Georgia Power Reactors, Georgia Power's, Vogtle, U.S, Nuclear Energy Institute, Westinghouse Locations: Georgia, Waynesboro, Ga

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

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