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☆ Trump picks fracking company CEO Chris Wright as next Department of Energy secretary
▼ + stars: | 2024-11-16 | by ( Ella Nilsen | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump on Saturday named Chris Wright, the CEO of Denver-based fracking company Liberty Energy, as his pick to be the next secretary of the Department of Energy. Wright will also serve as a member on the newly formed Council of National Energy, which Trump said will consist of all agencies involved in the “permitting, production, generation, distribution, regulation, transportation” of energy. In addition to his company’s work on fracking oil and natural gas, Wright also sits on the board of a modular nuclear reactor company and has talked about the potential of nuclear energy. Developing nuclear energy has become a big focus of the Biden administration’s Energy Department. “Standing in the way of today’s energy system before we’ve built a new energy system, there’s just no upside in that,” Wright told CNBC.

Persons: Donald Trump, Chris Wright, Wright, Trump, Doug Burgum –, “ Chris, Chris, ” Trump, Harold Hamm, ” Wright, Joe Biden, “, we’ve, ” Organizations: CNN, Liberty Energy, Department of Energy, of National Energy, North Dakota Gov, Department of, Energy, Gas, American Energy Independence, Global Energy Markets, Biden administration’s Energy Department, National Nuclear Security Administration, Hart Energy, CNBC, International Energy Agency Locations: Denver, Oklahoma

☆ Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +12 min

The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.

Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg

☆ Amazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortages
▼ + stars: | 2024-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +13 min

Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.

Persons: —, It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon

☆ The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway.
▼ + stars: | 2024-09-27 | by ( Spencer Kimball | Gabriel Cortés | Gabriel Cortés Is A Data Visualization Journalist For Cnbc. | ) www.nbcnews.com time to read: +7 min

The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. “A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity,” Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said. From coal to nuclearCoal communities across the U.S. could provide a runway to build out a large number of new nuclear plants. Between coal and nuclear sites, the U.S. potentially has space for up to 269 gigawatts of additional nuclear power.

Persons: Mike Goff, Goff, “, ” Goff, Goldman Sachs, ”, “ It’s, Doug True Organizations: of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Microsoft, DOE, Holtec, Palisades, Nuclear Regulatory Commission, Nuclear Energy Institute Locations: U.S, New York City, Georgia, Michigan

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totaling about 100 gigawatts of power. The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. "A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity," Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said.

Persons: Mike Goff, Goff, Goldman Sachs Organizations: American Electric Power, of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Constellation Energy, Microsoft Locations: Winfield , West Virginia, U.S, New York City

☆ Using options to trade the AI-driven power generation buildout
▼ + stars: | 2024-09-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.

Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor

☆ The utilities sector is a 'growth industry', says Veriten's Michael Bradley
▼ + stars: | 2024-09-20 | by ( ) 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 EmailThe utilities sector is a 'growth industry', says Veriten's Michael BradleyMichael Bradley, Veriten partner, joins 'Closing Bell Overtime' to talk the resurgence of nuclear energy following Constellation Energy's announcement it would reopen a nuclear power plant on Three Mile Island.

Persons: Veriten's Michael Bradley Michael Bradley

☆ Nuclear fusion: The US led in this clean energy race for decades. Now China is in position to win
▼ + stars: | 2024-09-19 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +10 min

It’s also here, on an unassuming downtown street, a small start-up called Energy Singularity is working on something extraordinary: nuclear fusion energy. Nuclear fusion, the process that powers the sun and other stars, is painstakingly finicky to replicate on Earth. The Chinese government is pouring money into the venture, putting an estimated $1 billion to $1.5 billion annually into fusion, according to Jean Paul Allain, who leads the US Energy Department’s Office of Fusion Energy Sciences. The US was among the world’s first to move on the futuristic gambit, working on fusion research in earnest since the early 1950s. CNNThe US has been a fusion leader for decades; it was the first nation to apply fusion energy in the real world — in a hydrogen bomb.

Persons: It’s, Lam Yik Fei, Jean Paul Allain, Biden, “, it’s, ” Allain, Andrew Holland, Holland, ”, ” Holland, Damien Jemison, Lawrence, Melanie Windridge, Mikhail Maslov, Allain Organizations: CNN, 6G, Beijing outspends DC, New York Times, US Energy Department’s, Fusion Energy Sciences, Private, Nikkei . Energy, MIT, Fusion Industry Association, Princeton, Physics, American, America, Commonwealth Fusion Systems, ” CNN, China’s National Energy Administration, Lawrence Livermore National Laboratory, Fusion Energy, EAST, UK Atomic Energy Authority Locations: Shanghai, America, China, Beijing, Washington, DC, Japan, Europe, United States, Hefei, Xinhua, Massachusetts, Hiroshima, California, Lawrence Livermore

☆ The US is dismantling nuclear warheads to power next-gen reactors
▼ + stars: | 2024-09-09 | by ( Ella Nilsen | ) edition.cnn.com time to read: +8 min

This fuel is set to power the next generation of America’s nuclear reactors — small, modular power stations that are easier and cheaper to build. They require far less upkeep and physical space than the aging fleet of large nuclear power plants. “In order to meet our energy security needs and our climate goals, we do need significantly more nuclear energy deployed.”The nuclear power industry is increasingly looking to smaller reactors, which run on HALEU. The uranium for conventional reactors is enriched up to 5% and HALEU is uranium enriched between 5-20%. Highly enriched uranium is anything more than 20% and is used in weapons or naval submarines.

Persons: —, Michael Goff, Bill Gates, ”, Jeff Navin, “, hasn’t, Benjamin Rasmussen, Jeff Chamberlin, Goff, Dan Leistikow, Josh Jarrell, Leistikow, Centrus, TerraPower’s Navin, ” Navin Organizations: CNN, Manhattan Project, National Nuclear Security, US, Energy, of Nuclear Energy, Idaho National Laboratory, Department of Energy, New York Times, United, US Energy Department, Miller, Centrus Energy, Idaho National Laboratories, Idaho National Labs, Energy Department, DOE Locations: Oak Ridge , Tennessee, Oak Ridge, Tenneseee, United States, Russia, Ukraine, Idaho, Wyoming, Kemmerer , Wyoming, Congress

☆ Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years
▼ + stars: | 2024-08-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Jonathan Nackstrand | Afp | Getty ImagesFinland is on the cusp of burying spent nuclear fuel in the world's first geological tomb, where it will be stored for 100,000 years. The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and "a model for the entire world." Nuclear energy currently provides about 9% of the world's electricity, according to the World Nuclear Association. Finland is poised to bury spent nuclear fuel in the world's first geological tomb. KBS-3 is based on a multi-barrier principle, where several engineered barriers seek to ensure the long-term safety of the spent nuclear fuel.

Persons: Jonathan Nackstrand, Posiva, Gareth Law, University of Helsinki Tuohimaa, Tuohimaa, Kai Mykkänen Organizations: Afp, Getty, CNBC, videoconference, University of Helsinki, World Nuclear Association, Nordic, KBS, Swedish Nuclear, Waste Management Company, U.S Locations: ONKALO, Eurajoki, Finland, Finnish, Olkiluoto, Helsinki, Europe, Asia, Sweden

☆ Bill Gates says nuclear power has 'impressive' bipartisan support
▼ + stars: | 2024-06-16 | by ( Katie Balevic | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

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

☆ The data center boom is leading to a power crunch. These stocks are ahead of the curve, TD Cowen analysts say
▼ + stars: | 2024-05-29 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

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

☆ Dow CEO Jim Fitterling: Our investments are timed well to capture the upside of the cycle
▼ + stars: | 2024-05-16 | 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 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

☆ Xi welcomes Putin to China as both leaders seek to bolster strategic ties
▼ + stars: | 2024-05-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

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

☆ Vladimir Putin arrives in China for state visit as Russian troops advance in Ukraine
▼ + stars: | 2024-05-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

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

☆ UK Nobel Prize-winning physicist Peter Higgs dies aged 94
▼ + stars: | 2024-04-09 | by ( Story Reuters | ) edition.cnn.com time to read: +5 min

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

☆ A Bill Gates company is about to start building a nuclear power plant in Wyoming
▼ + stars: | 2024-03-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

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

☆ Bill Gates: Here's the 1 question I'd ask a time traveler about the future
▼ + stars: | 2024-02-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

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

☆ 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

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

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