South Korea

Several new nuclear plants around the world marked important milestones over the summer. Among notable projects are those that began second units of new third-generation reactor designs—such as the EPR

The Nuclear Regulatory Commission (NRC) has certified the Advanced Power Reactor 1400 (APR1400), a third-generation design developed by deployed by South Korean state-owned companies Korea Electric Power Corp. (KEPCO) and Korea Hydro and Nuclear Power (KHNP). The U.S. nuclear regulatory body on May 1 said it will issue a direct final rule certifying the reactor […]

A widespread misconception persists that nuclear plants can only function as inflexible baseload sources of power—and it’s hurting prospects for the nuclear sector’s role in the world’s future power

In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]

South Korea is reliant on coal-fired and nuclear power for much of its power generation, and is among the world’s leading importers of liquefied natural gas (LNG). The administration of President Moon

EDF Inks Agreement for O&M Services at UAE Nuclear Plant. French nuclear power plant operator EDF will operate and maintain the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) under a

The South Korean government has pledged 4 billion Korean won (about $3.5 million) to support a blockchain-enabled virtual power plant (VPP) in Busan, the country’s second-most-populous city after Seoul. Busan officials said they have selected a project to build a VPP on a “citizens-shared” blockchain. Technology Aggregates Resources, Standardizes Transactions A VPP is a cloud-based […]

Veolia Hungary Creates VPP Portfolio. Veolia Hungary in October acquired a 51% ownership share in CHP Eromu Kft., the first step in a process for Veolia to create a virtual power plant (VPP) portfolio. The

South Korean legislators in September passed a law allowing the use of bio-heavy oil to generate electricity. The law, expected to be implemented at the start of 2019, is designed to use the oil, made from

Scorching temperatures during the summer of 2018 forced a swathe of power plants across the world to reduce power or shut down temporarily, owing to warmer-than-usual temperatures of cooling water and other