(Investing) – WASHINGTON – The U.S. Supreme Court grappled on Wednesday over whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities amid objections brought by the state of Texas as well as oil industry interests. The justices heard arguments in an appeal by the U.S. government and a company that was awarded a license by the
(Oil Price) – American and European companies in the nuclear energy supply chain have become increasingly vulnerable to a possible supply shock in the uranium market amid fierce resource competition from China and Russia and the planned surge in nuclear power generation to meet electricity demand. As many countries are now looking to nuclear power to cut emissions and reliance on
(Oil Price) – China is believed to be constructing a huge fusion research site in its southwest, which could help it with both nuclear fusion efforts and nuclear weapons design, analysts and researchers have told Reuters, analyzing satellite images. The southwestern city of Mianyang is likely the new site of the fusion research facility, which is estimated to be around 50% bigger
(Oil Price) – Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday. Italy halted nuclear reactors after a referendum in 1987 following
(Oil Price) – Three major nuclear events throughout the history of nuclear power production have tainted the image of the clean energy source, according to recent reports and years of public opinion polls. The events at Chornobyl, Fukushima, and Three Mile Island swayed public opinion against nuclear power in many areas of the world for several decades, encouraging governments worldwide
(Oil & Gas 360)– Jaguar just released an ad for their new electric vehicle which must rank as the new standard for weirdness. It just might exceed the Bud Light ad for brand destruction. Too bad. Another sacrifice on the woke altar. Did Jag not get the memo from Mercedes, Ford, and Volkswagen about sales volumes? The much-talked-about but not-much-done-about Energy
(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
(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,
(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
(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
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
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
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