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☆ 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

☆ Why it's so difficult to build nuclear power plants in the U.S.
▼ + stars: | 2024-09-06 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Plant Vogtle, a nuclear power plant in Waynesboro, Georgia, is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant's unit 4 reactor began commercial operations in April and unit 3 went online last year. But bringing a nuclear power plant to life is difficult and costly. The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world's largest producer of nuclear power — accounting for 30% of global nuclear electricity, according to the World Nuclear Association. So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?

Persons: Chris Womack Organizations: Georgia Power, Southern Co, World Nuclear Association Locations: Waynesboro , Georgia, U.S, Fukushima, Covid

☆ UN nuclear watchdog chief pushes back on Moscow’s calls for objectivity after Kursk plant visit
▼ + stars: | 2024-08-29 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The head of the U.N. nuclear watchdog has pushed back against Moscow's calls for further objectivity, following an inspection at the nuclear facility in the embattled Russian region of Kursk. Last week, Russia accused Ukraine of attempting a drone strike at the Kursk nuclear plant during a lightning cross-border incursion that has been under way since early August and which Moscow is still trying to repel. "The spokesperson of the Russian ministry of foreign affairs rightly says, be objective. We are saying here that this nuclear power plant ... is within range of a potential artillery strike, which means that the danger exists. On Thursday, Grossi explained that the Kursk nuclear plant contains reactors of the Soviet RBMK-type, similar to the ones present in the Chernobyl facility, which suffered one of the worst nuclear disasters in history in 1986.

Persons: Rafael Grossi, Moscow's, CNBC's, Maria Zakharova, Grossi Organizations: International Atomic Energy Agency, of Governors, CNBC, Ukrainian Ministry of Foreign Affairs, Wednesday, IAEA, Sputnik, Ria Novosti Locations: Vienna, Austria, Russian, Kursk, Russia, Ukraine, Moscow, Kiev, Soviet

☆ 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

☆ These nuclear energy stock plays could rise as much as 50%, analysts say
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Constellation has surged 62% year to date to become the sixth-best performing stock in the S & P 500 , while Vistra has more than doubled to become the second-best performing stock, only slightly behind AI chipmaker Nvidia . Constellation owns the largest nuclear fleet in the U.S., operating 21 of the country's 93 reactors. Campanella sees the recent pullback of Constellation's stock, down 12% over the past month, as an attractive buying opportunity. Constellation and Vistra have substantial catalysts on the horizon that are not factored into their guidance, as tech companies shop for nuclear reactors to power their energy-hungry data centers , according to the analysts. Constellation is also exploring the possibility of restarting reactor Unit 1 at Three Mile Island in Pennsylvania, which ceased operations in 2019, as demand for nuclear energy grows.

Persons: Vistra, Barclay's, Nicholas Campanella, Campanella, James Thalacker, Joe Dominguez, Jim Burke Organizations: Constellation Energy, Vistra Corp, Constellation, Nvidia, Barclays, BMO Capital Markets, BMO Locations: U.S, Pennsylvania

☆ Russia reinforces Kursk region, videos show Ukrainian presence, evidence of attack
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Russia moved extra tanks, artillery and rocket systems to its southern Kursk region and imposed anti-terrorism measures in border areas as it battled a shock incursion by Ukraine’s military. Ukrainian forces, meanwhile, posted a video purporting to show them in control of a town near the border, the first pictorial evidence of their cross-border advances. The acting governor of Kursk region, Alexei Smirnov, said drone debris had fallen on a power substation near Kurchatov, site of one of Russia’s largest nuclear power stations with four reactors. Russian President Vladimir Putin discussing the situation in the Kursk region on Friday. Kursk Region Governov Alexei Smirnov via AFP - Getty ImagesHe praised his army’s ability “to surprise”.

Persons: Alexei Smirnov, Anatoliy Zhdanov, Vladimir Putin, Aleksey Babushkin, Alexander Bortnikov, Staff Valery Gerasimov, “, Ukraine ”, Volodymyr Zelenskiy, ”, Ben Barry, Zelenskiy, Gerasimov Organizations: Reuters, Getty, Atomic Energy Agency, Moscow’s, Terrorism, Staff, Armed Forces, Grad, Gazprom, Armed Forces of, ”, Ukrainian military’s, AFP, International Institute for Strategic Studies, Telegram, United States, Stinger Locations: Russia, Kursk, Ukrainian, Kurchatov, Sudzha, AFP, Russian, Vienna, Ukraine, Bryansk, Belgorod, Armed Forces of Ukraine, U.S, ”

☆ Tech companies want nuclear power. Some utilities are throwing up roadblocks
▼ + stars: | 2024-08-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from some utilities over the potential impact on the electric grid. Data centers, the computer warehouses that run the Internet, in some cases now require a gigawatt or more of power, comparable to the average capacity of a nuclear reactor in the U.S. Tech companies are building out data centers just as power supply is increasingly constrained due to the retirement of coal plants and as demand is climbing from the expansion of domestic manufacturing and the electrification of vehicles. PJM covers 13 states primarily in the Mid-Atlantic region, including the world's largest data center hub in northern Virginia.

Persons: Joe Dominguez, Dominguez, Constellation's Dominguez Organizations: Constellation, Tech, U.S, Constellation Energy, Vistra Corp, Nvidia, PJM Locations: Scriba , New York, China, U.S, Baltimore, Dallas, Virginia

☆ New tech will trap CO2 from cargo ships and store it in the ocean
▼ + stars: | 2024-08-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.

Persons: it’s, Jess Adkins, ”, Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British

☆ How a shuttered power plant in Michigan could pave the way for more nuclear energy
▼ + stars: | 2024-08-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The new technology, which could become the first of its kind on the U.S. grid, promises to speed deployment of nuclear plants in the future. The U.S. and a coalition of more than 20 other countries pledged in December to triple nuclear energy by 2050. But building new nuclear plants is slow and expensive. SMRs are viewed as an important path to expand nuclear power because they promise to reduce capital costs, a major hurdle to building new plants.

Persons: John Madill, Kelly Trice, Holtec, Gretchen Whitmer, Whitmer, Trice, Jennifer Granholm, Kristen Norman, Chris Womack, " Trice, We've Organizations: Herald, Palladium, Palisades Power, Holtec, Department of Energy, Nuclear Regulatory Commission, Michigan, Training, Bloomberg, Getty, Rystad Energy, Energy Information Administration, Southern Company, Big Tech, Holtec's SMR Locations: Covert, Mich, Lake Michigan, Covert , Michigan, Grand Rapids, U.S, Michigan, Palisades, Pennsylvania, Florida, Turkey

☆ How Does Your State Make Electricity?
▼ + stars: | 2024-08-02 | by ( Nadja Popovich | ) www.nytimes.com time to read: +58 min

Wind turbines provided just 1 percent of the electricity produced in the state in 2001 and nearly 60 percent last year. How Kentucky made electricity from 2001 to 2023 Percentage of power produced from each energy sourceCoal still generates the majority of the electricity produced in Kentucky, a longtime coal mining state. Since then, virtually all of the electricity produced in the state has come from renewable sources, including hydropower, biomass, wind and solar. It has supplied more than 85 percent of the electricity produced in the state every year for more than two decades. Last year, wind supplied more than a fifth of the electricity produced in the state.

☆ NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy
▼ + stars: | 2024-07-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. "There would be opportunities and a lot of demand from the market if we were able to do something with Duane Arnold," Ketchum said on NextEra's second-quarter earnings call Wednesday. The Duane Arnold plant was scheduled for retirement in late 2020 after a key customer, Alliant Energy, sought cheaper energy alternatives. Nuclear energy fell out of favor over the past decade as plants struggled to compete with cheaper energy sources such as natural gas and renewables.

Persons: Duane Arnold, John Ketchum, Ketchum Organizations: NextEra Energy, Duane Arnold Energy Center, Alliant Energy, Congressional Research Service Locations: Iowa, Palo , Iowa, Japan, U.S

☆ This scientist who worked for Jeff Bezos and Bill Gates is now a VC funding other 'mad scientists'
▼ + stars: | 2024-07-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

And while he wants to tackle the world's biggest problems such as waste, impact isn't Deep Future's sole priority. Related storiesIn some ways, Deep Future's mission harkens back to Silicon Valley's roots, he said. As for Deep Future's investments, the challenge is whether the technology can be built and made cost-effective, ideally within its investment horizon of 10 years. One of Deep Future's portfolio companies, Descycle, is developing non-toxic chemicals to separate gold in electronics in landfills. Getting investors on board with mad scientistsWith Deep Future's niche, getting investors' attention has been easy, Holman said.

Persons: —, Pablos Holman, Jeff Bezos's, Bill Gates, Michael Reid, Holman didn't, Holman, Matt Mullenweg, that's, Alfred Steiner, I'm Organizations: Service, Origin, Ventures Laboratory, Business, Investors, WordPress

☆ CNBC's Inside India newsletter: Modi in Moscow. What’s new?
▼ + stars: | 2024-07-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. Indian Prime Minister Narendra Modi and Russian President Vladimir Putin sat down for tea at a country retreat outside Moscow earlier this week. Russia has also supplied India with nuclear fuel since the 1990s and lately has also been helping build nuclear reactors. Consumer inflation in India is high and volatile, which hurt Modi's election performance last month, and the prime minister is doing his best to keep prices down for his citizens. Far from a strategic relationship, India is buying goods from the cheapest supplier.

Persons: Vladimir Putin, Narendra Modi, Gavriil GRIGOROV, GAVRIIL, defund, Modi, Putin Organizations: Indian, Getty, Washington , D.C, NATO Locations: Moscow, Russian, Washington ,, United States, India, Russia, U.S, Ukraine

☆ This utility is one of the best performing stocks in the market with room for more AI demand upside
▼ + stars: | 2024-07-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

A Texas-based power company that only joined the S & P 500 two months ago is the third-best performing stock in the index this year, boosted by the same demand for everything connected to artificial intelligence. Fast forward to today and Vistra stock has soared 139% this year, adding $18.5 billion to its market cap, which now totals $32 billion, according to FactSet data. "We are always surprised when you see a move the size that we've seen, but I think it's been a long time building," Jim Burke, CEO of Vistra, told CNBC's "Closing Bell" Tuesday. Vistra also owns nuclear power plants, one of the most in-demand power sources in the 2024 market because reactors burn no fossil fuel and emit no greenhouse gases . Guggenheim has a buy rating on Vistra stock with a price target of $133, implying 44% upside from Wednesday's close of $92.31.

Persons: Jim Burke, CNBC's, we've, Burke, Vistra, Shahriar Pourreza, Pourreza, they'll, Guggenheim, Vistra hasn't, Mark Nelson, Joseph Dominguez, Constellation's, aren't Organizations: Vistra Corp, Texas Utilities Co, Dynegy Inc, Computer, Nvidia, Nuclear, Guggenheim Securities, Energy, Guggenheim, CNBC, Amazon Web Services, Talen Energy, Constellation Energy, Wall Street, Radiant Energy, Constellation Locations: Texas, Irving , Texas, Dallas, Ohio, Pennsylvania, Energy Harbor, U.S, East Coast

☆ Sanctions on Russian oil brought Putin and Modi closer. Now they’re in a nuclear embrace
▼ + stars: | 2024-07-09 | by ( Angela Dewan | ) edition.cnn.com time to read: +6 min

Modi, who leads the world’s biggest democracy, has propped Putin up by making India one of a few loyal customers of Russian oil and gas throughout the two-year war in Ukraine. For all the controversies over nuclear power, it’s a zero-carbon form of energy when generated and it’s fast becoming part of many countries’ answer to the climate crisis. “Clearly the Kremlin has decided that would be a good idea, and some countries are keen to expand their own nuclear power production. It changed its tune in May, when it banned Russian uranium imports, and is on a quest to rapidly develop its own industry to produce HALEU to fuel its own next-generation reactors. It can only benefit India being part of closer collaboration in the Arctic.”She added that India was also benefiting from processing Russian crude oil.

Persons: Vladimir Putin, Narendra Modi, Putin, Modi, Modi’s, ” Elisabeth Braw, Gavriil, Biden, ”, Alan Ahn, GAVRIIL GRIGOROV, ” Braw Organizations: CNN, Indian, TASS, Atlantic Council’s Transatlantic Security Initiative, ., Getty, Energy, Washington DC, Getty Images Locations: Moscow, Russia, Ukraine —, India, Ukraine, Europe, . Russian, AFP, China, United States, Washington

☆ U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says
▼ + stars: | 2024-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

"This country will need more nuclear plants going forward," Chris Womack said at the Reuters Global Energy Transition conference in New York City. This is equivalent to about 10 new nuclear plants with a single reactor each. Based on market capitalization, Southern Company is the second largest name in the Utilities Select Sector SPDR Fund (XLU) . After two decades of nearly flat power growth, Southern Company is now expecting demand to grow by three to four times, the CEO said. "You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."

Persons: Chris Womack, It's, Womack Organizations: Southern Company, Reuters, Energy, Department of Energy, Utilities, Southern Locations: States, New York City, Georgia , Alabama, Mississippi, Atlanta, U.S, Southern

☆ This new technology for nuclear power could help fuel the AI revolution
▼ + stars: | 2024-06-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Scientists have long considered nuclear energy one of the cleanest and most reliable forms of energy production. Tech companies at the forefront of the AI revolution are also turning to nuclear energy to power their vast AI data centers. A new fuel cycle for nuclear powerTransmutex's technology destroys nuclear waste and produces new nuclear fuel. AdvertisementNuclear physicists say the company's technology avoids one of the biggest concerns with nuclear energy: that the same fuel used to power nuclear plants can also be used to manufacture atomic weapons. Oklo, a startup backed by OpenAI CEO Sam Altman, is betting on generating nuclear power through small nuclear reactors.

Persons: —, Jennifer Granholm, Franklin Servan, Schreiber, Transmutex, Cameron Porter, Andrei Afanasev, George, Afanasev, Mark Zuckerberg, Sam Altman, nicolas lieber, photographie Servan Organizations: Service, Business, US, . Tech, Steel, George Washington University's Institute for Nuclear Studies, Department of Energy, Energy Locations: Swiss, Switzerland, United States, Saudi Arabia, Transmutex, Georgia

☆ 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

☆ Energy prices in France turn negative as surging renewable output takes nuclear plants offline
▼ + stars: | 2024-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

French energy prices fell into negative territory on an overflow of renewable power, Bloomberg reported. AdvertisementDay-ahead energy prices in France fell into negative territory amid surging renewable power production, Bloomberg reported. The situation in France is different in that the rollout of renewable power has been slower than in other countries in the region, Reuters said. Paris has installed around 45 gigawatts of wind and solar capacity, and is behind European Commission targets. AdvertisementIf the National Rally party wins, it has pledged to slash renewable subsidies and end the wind power industry's expansion.

Persons: —, It's, SEB Research Organizations: Bloomberg, Service, Electricite, Reuters, National Rally Locations: France, Spain, Germany, Paris

☆ Nuclear Power Is Hard. A Climate-Minded Billionaire Wants to Make It Easier.
▼ + stars: | 2024-06-11 | by ( Brad Plumer | Benjamin Rasmussen | ) www.nytimes.com time to read: +1 min

Outside a small coal town in southwest Wyoming, a multibillion-dollar effort to build the first in a new generation of American nuclear power plants is underway. Workers began construction on Tuesday on a novel type of nuclear reactor meant to be smaller and cheaper than the hulking reactors of old and designed to produce electricity without the carbon dioxide that is rapidly heating the planet. The reactor being built by TerraPower, a start-up, won’t be finished until 2030 at the earliest and faces daunting obstacles. The Nuclear Regulatory Commission hasn’t yet approved the design, and the company will have to overcome the inevitable delays and cost overruns that have doomed countless nuclear projects before. Bill Gates, currently ranked as the seventh-richest person in the world, has poured more than $1 billion of his fortune into TerraPower, an amount that he expects to increase.

Persons: won’t, Bill Gates Organizations: Workers, Nuclear Regulatory Commission Locations: Wyoming

☆ Nuclear power is 'overblown' as an energy source for data centers, power company CEO says
▼ + stars: | 2024-06-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Rodrigo Garrido | ReutersThe euphoria over nuclear energy as a power source for data centers is "overblown," the CEO of a major power provider for large tech companies told CNBC in an interview Monday. Nuclear power, on the other hand, faces challenges in meeting the growing power demand from data centers, Gluski said. Gluski said the "euphoria" over nuclear power is a "little overblown." There is only so much existing nuclear energy that merchant power providers can re-contract to sites such as data centers, the CEO said. "The Street got ahead of it saying you're not going to build renewables, it's all going be nuclear," Gluski said.

Persons: AES Corporation Andres Gluski, Rodrigo Garrido, Andrés Gluski, Gluski, Georgia Power Organizations: AES Corporation Andres, Reuters, CNBC, AES Corporation, AES, Amazon, Microsoft, Google, Nuclear, Energy Information Administration, Georgia, Department of Energy, Renewables, Brookfield Asset Management, Brookfield Locations: Santiago , Chile, U.S, Georgia

☆ Nuclear energy back in favor with coming AI data center demand surge. Citi sees two stocks to play it
▼ + stars: | 2024-06-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Data centers are expected to drive 31 gigawatts of incremental power demand through 2030, according to Citi. The tax credit could lead to modest earnings growth that regulated utilities can use to improve their long-term financial outlook, according to Citi. "U.S. regulated utilities with nuclear assets are likely to receive PTC cash flow benefits that gradually ramp from 2024 through 2027 before reversing in 2032," the analysts wrote. Duke Energy is up 12% over the past three months, while Southern Company has gained 17%. Duke operates about 9 gigawatts of nuclear capacity, while Southern Company operates 5.4 gigawatts.

Persons: Arkady Gevorkyan Organizations: Citigroup, Duke Energy, Southern Company, Citi, Energy, Duke Locations: U.S

☆ US vs. Chinese aircraft carriers: How the world's top flattops stack up
▼ + stars: | 2024-06-01 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +16 min

Liaoning and ShandongAircraft carrier Liaoning set out for sea trials at Dalian shipyard with the help of tugboats. A J-15 fighter takes off from aircraft carrier Shandong during the combat readiness patrol and military exercises around Taiwan. Aircraft carrier USS Gerald R. Ford sails in the Adriatic Sea. China has no experience operating carrier catapults on its warships (though it did study carrier catapults when it purchased the decommissioned Australian carrier HMAS Melbourn from Canberra in 1985 under the guise of scrapping). AdvertisementChina's third aircraft carrier, the Fujian, docks in Shanghai with a Chinese flag seen in the foreground.

Persons: —, Kuznetsov, Pu, Gerald R, Ford, George H.W, George H.W . Bush, Smith, Jackson Adkins, John F, Kennedy, Doris Miller, Dwight D, Eisenhower, Jacob Mattingly, Li Gang, Timothy Heath, Heath, China's, Benjamin Brimelow Organizations: Service, US Navy, Business, Shandong Aircraft, Getty, People's Liberation Army Navy, Getty Images Fujian, EA, Jiangnan Shipyard, Getty Images, PLAN, Xinhua News Agency, Nimitz, Ford, Aircraft, Greyhound, Navy, Carrier, USS Enterprise, Pacific Fleet, Shandong, RAND Corporation, US, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Shanghai, Fujian, China, China's, Liaoning, Dalian, Shandong, Soviet, Ukraine, Taiwan, Xinhua, Getty Images China, George H.W ., Adriatic, Melbourn, Canberra, Sanya, Hainan Province, West

☆ 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

☆ 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

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