nuclear
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News
UAE Set to Start First Nuclear Plant; Sweden, Germany Shut Units
The first nuclear power plant in the United Arab Emirates (UAE) reportedly will come online in early 2020. The report comes one day after Sweden on Dec. 30 shut down one of four reactors at the nation’s largest nuclear plant, closing Unit 2 at the Ringhals facility after more than 40 years of operation. Germany […]
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Markets
The Significance of FERC’s Recent PJM MOPR Order Explained
A divided Federal Energy Regulatory Commission (FERC) issued a long-awaited order on Dec. 19 in which it directed PJM Interconnection to dramatically expand its Minimum Offer Price Rule (MOPR) to nearly all state-subsidized capacity resources. The order will have a significant impact on PJM’s capacity market. While it was no surprise that the decision immediately […]
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Nuclear
Top 6 Nuclear Power Achievements of 2019
The past year has been filled with firsts for the nuclear power industry. Three power plants sporting first-of-a-kind reactors entered commercial operation, while the first U.S. AP1000 nuclear project reached key milestones on its path to completion. Furthermore, the U.S. Nuclear Regulatory Commission (NRC) granted the first early site permit for a utility to construct […]
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News
Switzerland Closes One of World’s Oldest Nuclear Plants
Switzerland on Dec. 20 shut down one of the world’s oldest nuclear power plants, as part of its plan to shutter all its reactors by 2050. Muehleberg Nuclear Power Plant, the smallest of the country’s four remaining plants, began operating in 1972. The 355-MW facility operated by Bernische Kraftwerke AG (BKW) and majority-owned by the […]
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News
New Jersey Backs 45 Community Solar Projects
The New Jersey Board of Public Utilities (NJBPU) on Dec. 20 announced it has approved 45 applications in the first year of its Community Solar Energy Pilot Program. The NJBPU in a statement Friday said the projects, with total generation capacity of 77.61 MW, will be designed by local governments, community groups, and private developers. […]
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News
Canadian Company Has Funding for Fusion Demonstration Plant
A Canada-based company that wants to commercialize nuclear fusion technology announced Dec. 16 that it raised more than $100 million in its latest round of financing, doubling its financial support. General Fusion, headquartered in Vancouver, British Columbia, is backed by Amazon founder Jeff Bezos. The company, which includes investors Bezos Expeditions and Chrysalix Venture Capital, […]
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News
EU Finalizes ‘Green Deal’ for Clean Energy Investment
The European Union (EU) on Dec. 16 announced an agreement among its member states on rules involving the financing of green energy projects. Lawmakers approved a list of technologies and activities that can be classified as green, after disagreement about whether nuclear energy and natural gas should be included. The so-called “Green Deal” is a […]
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Press Releases
Australian inquiry recommends lifting the ban on modern nuclear power plants
An inquiry has recommended lifting the ban in Australia on the use of the most modern nuclear power plants and new designs under development in a report issued today. The report, written by the Australian House of Representatives Standing Committee on the Environment and Energy, sets out a clear path to explore the potential for […]
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Press Releases
NuScale’s SMR Design Clears Phase 4 of Nuclear Regulatory Commission’s Review Process
PORTLAND, Ore. (December 12, 2019) — NuScale Power today announced that the U.S. Nuclear Regulatory Commission (NRC) has completed the fourth phase of review of the design certification application (DCA) for the company’s revolutionary small modular reactor (SMR). NuScale reached this milestone on schedule, marking yet another significant achievement along its path to commercialization. The […]
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News
NRC Issues First Subsequent License Renewals, Extends Nuclear Reactor Life to 80 Years
Marking a major milestone for the U.S. nuclear power sector, the Nuclear Regulatory Commission (NRC) has for the first time issued license renewals that authorize nuclear reactor operation beyond 60 years and up to 80 years. The regulatory body on Dec. 5 issued subsequent license renewals (SLRs) for Units 3 and 4 at Florida Power […]