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The UK government will bolster a proposal to build Sizewell C with a £679 million ($815 million) investment, giving the twin EPR nuclear power plant project—a combined 3.2 GW—new flexibility to proceed. The UK Department for Business, Energy, and Industrial Strategy (BEIS) on Nov. 29 said that with the final investment decision, it intends to […]

Two Chinese companies announced production of the largest offshore wind turbine built to date, a 16-MW unit developed by China Three Gorges (CTG) and Goldwind. The groups on Nov. 24 showed off the turbine at a factory in Fujian province. The turbine has a 252-meter rotor diameter, with a 50,000-meter sweep area. The hub height […]

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

Uranium has been one of the best-performing asset classes in 2022, according to data supplied by HANetf’s Sprott Uranium Miners UCITS ETF (URNM). In fact, the uranium spot price has increased 24.12% during the year through Oct. 31, according to the fund. October was a particularly strong month for uranium oxide (U3O8), which is used […]

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant. Pacific Gas & Electric  (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for […]

Energy storage systems (ESS) are expanding far beyond the batteries being deployed at power plants, at substations, in microgrids, or at locations along the power grid to support the electricity transmission and distribution network. Systems for commercial and industrial enterprises, and increasingly by homeowners for residential use, are helping lead the expansion of energy storage. […]

Hurricane Ian, which struck Florida in late September last year, was a devastating storm and a harsh reminder of the impact of Mother Nature’s wrath. Unfortunately, extreme weather events are becoming more frequent and powerful, and our aging grid is struggling to keep up. COMMENTARY Sanibel Island on Florida’s west coast, for example, lost power […]

The Nuclear Regulatory Commission (NRC) has accepted Abilene Christian University’s (ACU’s) construction permit application for a 1-MWth nuclear non-power Molten Salt Research Reactor (MSRR) facility planned for the university’s campus in Abilene, north-central Texas. The acceptance—which essentially marks the NRC “docketing” of the application—formally kicks off the regulatory agency’s review of ACU’s proposed Nuclear Energy […]

Officials from Russia and Egypt marked another milestone in construction of the latter’s first nuclear power plant, with a ceremony Nov. 19 to announce pouring of the “first concrete” for Unit 2 of the El-Dabaa Nuclear Power Plant (NPP). Saturday’s event came three weeks after a construction permit was issued for that unit by the Egyptian […]

Finnish company Wärtsilä evolved from humble beginnings as a sawmill into a global marine and energy powerhouse that is today a model of customer value creation, decarbonization, and growth amid uncertainty. Driving that triumph over its 188-year history is a consistent spirit of innovation and flexibility. POWER In 2021, Wärtsilä once again assessed its future […]