International

China’s State Nuclear Power Technology Corp. (SNPTC)—general contractor of the first four AP1000 units being built in China—and China Power Investment Corp. officially announced a merger in a move to reinforce the country’s plans to eventually export reactors. The new company, State Power Investment Corp., will own assets worth more than $112.94 billion. SNPTC was […]

This interview with Dr. Fatih Birol, Chief Economist, Director of Global Energy Economics and Executive Director (starting September 2015), International Energy Agency (IEA) was conducted by Global Business Reports in May 2015. It has been edited for style and length and is a web-only supplement to the sponsored report “Power in Turkey” appearing in the […]

Workers at San Diego’s General Atomics (GA) on April 10 began the years-long process of winding the 1,000-ton superconducting electromagnet that will power the ITER fusion reactor under construction in southern France. The $16 billion ITER project, a consortium of the U.S., the European Union, Russia, China, Japan, and other nations, aims to test reactor-scale […]

From Sweden to China, the world’s nuclear sector saw an eventful spring. Sweden to Shutter Two Ringhals Units Early. On the same day that E.ON—formerly one of Europe’s most formidable power companies—announced it would spin off its nuclear assets owing to Germany’s energy transition, its Swedish partner, Vattenfall, which is 70% co-owner of the 1975-built […]

The European Commission (EC) this April launched an extensive investigation into subsidies that 11 European governments provide to utilities to ensure future power reliability, saying it is concerned that the measures may distort competition. The sector inquiry into capacity mechanisms is the first under European Union (EU) state aid rules introduced in May 2012, which […]

The Japanese Nuclear Regulatory Authority (NRA) approved Kyushu Electric Power Co.’s operational safety programs for Sendai Nuclear Power Station Units 1 and 2 on May 27. The approval is the last of three needed by the company to verify that the plant complies with new regulatory requirements implemented as a result of the Fukushima disaster. […]

GE Hitachi Nuclear Energy (GEH), the manufacturer of more than 60 of the world’s 81 existing boiling water reactors (BWRs), is making a foray into the pressurized water reactor (PWR) services field.  The Wilmington, N.C.–based company announced on May 12 that it has begun offering refueling services to PWR operators. Under a recent agreement, its […]

Siemens AG has completed a company reorganization to respond to the “persistently difficult environment” in the global power generation market. The global technology company, which had around 357,000 employees in 2014, said it would cut 4,500 jobs worldwide as part of efforts to streamline administrative functions. Siemens announced 7,800 jobs cuts earlier this year. Along […]

A Canadian joint review panel issued an environmental assessment report on May 6 for a deep geologic repository (DGR) for long-term management of low- and intermediate-level radioactive waste (L&ILW), concluding that the project is “not likely to cause significant adverse environmental effects.” Ontario Power Generation (OPG) proposed the DGR, intending to locate the facility at […]

Ending several months of speculation, electric vehicle firm Tesla Motors officially moved into the energy storage market on April 30 with the announcement that it would begin marketing two new battery products, the home-based Powerwall and the larger, utility-scale Powerpack. Tesla CEO Elon Musk unveiled the two batteries at a flashy ceremony at the Tesla […]