Nuclear – Oil & Gas 360

Big tech’s nuclear gamble could change the course of the energy transition

October 25, 2024

(Oil Price) – Microsoft recently struck a deal to restart of the Three Mile Island nuclear power plant. Google partnered with small modular reactor developer Kairos to build 500MW of generation capacity. Amazon bought stock in another SMR developer, X-energy. Big Oil loves nuclear. This could change the course of the energy transition. Until quite recently, Big Tech was fully dedicated to the energy transition

Three Mile Island nuclear plant gears up for Big Tech reboot

October 22, 2024

(Yahoo Finance) – THREE MILE ISLAND, Pennsylvania (Reuters) – Giant cooling towers at Constellation Energy’s Three Mile Island nuclear plant in Pennsylvania have sat dormant for so long that grass has sprung up in the towers’ hollowed-out bases and wildlife roam inside. Armed guard stations at an entrance to the shut concrete facility, surrounded by barbed wire, sit empty. The plant,

US opens applications for $900 million for small nuclear reactors

October 16, 2024

(Reuters) – The U.S. on Wednesday opened applications for up to $900 million in funding to support the initial domestic deployment of small modular reactor nuclear technology. President Joe Biden’s administration believes nuclear power is critical in the fight against climate change because it generates electricity virtually free from emissions, and that U.S. nuclear power capacity must triple to meet

Nuclear nerds needed: Big pay awaits

October 3, 2024

(Oil & Gas 360) – A talent deficit may be the biggest drag on the momentum behind a global nuclear resurgence as the technology is increasingly recognized as an efficient and proven way to produce reliable emissions-free electricity. A similar talent dearth has long been an oil and gas industry topic and potential threat to the United States’ dominance in

World’s top banks back nuclear energy

September 23, 2024

Oil Price More than a dozen of the largest banks in the world are pledging their support to nuclear power, supporting the goal of the COP28 summit to triple nuclear capacity by 2050, the Financial Times reports. Goldman Sachs, Bank of America, Barclays, BNP Paribas, Citi, Morgan Stanley, Société Générale, Crédit Agricole CIB, Abu Dhabi Commercial Bank, Ares Management, Brookfield, Guggenheim

Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI

September 20, 2024

CNBC Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence. Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by

Exclusive: Oklo at EnerCom Denver-The Energy Investment Conference 2024

September 6, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Oklo Inc. is developing fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded

Exclusive: Chapman Nuclear at EnerCom Denver-The Energy Investment Conference 2024

August 29, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Chapman Nuclear is a third-generation nuclear company focused on power generation, shielding, and construction. For over 70 years, we’ve served as champions and good stewards for the industry on the cutting

U.S. solar and wind power generation tops nuclear for first time

July 11, 2024

Oil Price For the first time ever, U.S. electricity generation from utility-scale solar and wind exceeded nuclear power plants’ power output in the first half of 2024, according to data from energy think tank Ember quoted by Reuters columnist Gavin Maguire. Electricity generation from solar and wind hit a record-high of 401.4 terawatt hours (TWh) between January and June 2024, surpassing

U.S. trailing China’s next-generation nuclear power by 10 to 15 years

June 17, 2024

Oil Price The United States is likely 10 to 15 years behind China in deploying fourth-generation nuclear reactors at scale, as Chinese authorities are strongly backing the domestic industry with policies and financing, a new report by Washington-based research institute Information Technology & Innovation Foundation showed on Monday. China supports its domestic nuclear power development with extensive financing at low rates from

US may revive some shut nuclear plants to help meet emissions goal, energy chief says

June 5, 2024

U.S. News WASHINGTON – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse gas reduction goals and decarbonizing the economy

UPDATE 2-US and Japan announce joint partnership to accelerate nuclear fusion

April 10, 2024

Yahoo Finance WASHINGTON – The United States and Japan announced a joint partnership to accelerate development and commercialization of nuclear fusion, the U.S. Department of Energy said on Wednesday. The partnership was announced as Japanese Prime Minister Fumio Kishida was in Washington for a summit with President Joe Biden. U.S. Deputy Secretary of Energy David Turk and the Japan Minister

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