Business

Several industry-led developments and a possible new advanced nuclear demonstration have been announced since the White House working group laid out a national strategy to revive the nuclear industry last week. Centrus Energy on April 28 signed a letter of intent with Advanced Reactor Concepts (ARC), developer of a 100-MWe sodium-cooled fast-reactor design, that potentially […]

Finland’s Radiation and Nuclear Safety Authority (STUK), which regulates the nation’s nuclear power industry, completed a scheduled inspection of RAOS Project via Skype due to quarantine and travel restrictions caused by the COVID-19 pandemic. RAOS Project is a subsidiary of Rusatom Energo International, a division of Russia’s state atomic energy corporation Rosatom. RAOS Project is […]

Propelled in part by the White House Nuclear Fuel Working Group’s (NFWG’s) recent roadmap to strengthen the U.S. nuclear fuel cycle, the nation’s nuclear industry this week blazed ahead on efforts to energize a U.S. commercial fuel supply that it says will be crucial for the widespread development and deployment of advanced nuclear reactors.  At […]

Onshore wind and photovoltaic (PV) solar power are the cheapest forms of new-build power generation for at least two-thirds of the world’s population, according to analysis published by research company BloombergNEF (BNEF). Meanwhile, battery storage has become the lowest-cost new-build technology for peaking purposes in gas-importing regions, such as Europe, China, and Japan. BNEF reported […]

Braintree, MA — Competitive Power Ventures (CPV) celebrates Earth Day by announcing that more than 15 million tons of carbon dioxide (CO2) emissions have been avoided since 2011 because of the company’s new, highly-efficient electric generation facilities, which is the equivalent of removing more than 3 million cars from the road for a year. CPV […]

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]

Valmet has received an order from Zespół Elektrowni Pątnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its power plant in Konin, Poland. The order is included in Valmet’s orders received of the second quarter 2020. The value of the order is approximately EUR 20 million. The converted boiler plant […]

Ahead of most of the U.S., California state and local officials in the first weeks of March adopted some of the earliest and strongest steps to restrict movement and close non-essential businesses in order to fight the spread of the COVID-19 disease. One of the key challenges in implementing these “shelter-in-place” orders was how to […]

MOUNTAIN VIEW, Calif. (April 28, 2020) — As cities and corporations accelerate their adoption of electric trucks and buses, AMPLY Power, the leader in charging solutions for fleets, has secured $13.2 million in Series A funding from investors, including Soros Fund Management and Siemens. They are joined by existing seed round investors, including Congruent Ventures, PeopleFund, and Obvious Ventures. AMPLY Power platform, called […]

WASHINGTON, D.C. (April 28, 2020) – The U.S. Department of Energy (DOE) today announced selections to receive funding to accelerate advanced nuclear technology development. There are two selections – one to support site preparation for a future domestic advanced reactor demonstration project and one for an advanced reactor regulatory licensing grant. The projects have a […]