Russia

Ukraine’s nuclear regulator informed the International Atomic Energy Agency (IAEA) on March 16 that eight of the country’s 15 nuclear reactors were in operation despite the ongoing Russian invasion. Of the four sites with operational units, two of six at Zaporizhzhya, three of four at Rivne, one of two at Khmelnytskyy, and two of three […]

Russia’s invasion of Ukraine and ensuing sanctions may have a limited immediate impact on the U.S. nuclear industry, despite its reliance on uranium imports. Potential implications over the longer term, however, require urgent action, officials from the Nuclear Energy Institute (NEI) said. NEI CEO and President Maria Korsnick told reporters at the ongoing CERAWeek by […]

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

CEOs of energy companies with projects in Russia are facing career-defining leadership moments. What do you do when your corporate investments nearly overnight become politically, economically and socially untenable to your key stakeholders? Within days of Russia’s unprovoked invasion of Ukraine, BP’s Chief Executive Bernard Looney was quick out of the gate to tell the world […]

Eighteen bipartisan U.S. Senators are backing a bill that would direct the president to declare a national emergency and prohibit imports of Russian energy commodities, including crude oil, petroleum products, liquefied natural gas (LNG), and coal. While the measure does not include Russian uranium, a senior Department of Energy official said addressing U.S. reliance on […]

The venerable business of commodity trading, already in the news for the supply chain impacts of COVID, has moved to center stage with the war in Ukraine. Impacts of Russia’s invasion could ripple to manufacturing of all kinds, especially the clean energy transition we need to meet climate goals. COMMENTARY Within the first week of […]

The International Atomic Energy Agency (IAEA) reported on March 4 that Russian forces had taken control of the Zaporizhzhya Nuclear Power Plant (NPP) site, but that the reactors continued to be operated by the plant’s regular staff and there had been no release of radioactive material. “What we are telling you is confirmed information that […]

In its most recent update on the status of Ukrainian nuclear power plants (NPPs), issued to the International Atomic Energy Agency (IAEA) on March 2, the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) said it maintained communications with the country’s NPPs and that all units “continued to operate as before.” Of Ukraine’s 15 reactors, more […]

NuScale Power has signed a definitive commercial agreement with mining and processing firm KGHM Polska Miedź S.A. to deploy a VOYGR power plant of up to 924 MWe as early as 2029 to support KGHM’s copper and silver production in Poland. Under an “early works agreement” signed in a ceremony on Feb. 14 in the […]

For the progressive development of modern civilization, access to minerals is critical. The main recoverable reserves of such minerals are often located at high latitudes. For example, a significant number of the world’s hydrocarbon deposits are located above 60 degrees North latitude. Our company, Noyabrskie Power Grids, is also located in this area, and its […]