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Germany aims to build fusion power plant

Germany aims to build fusion power plant

A new funding programme for nuclear fusion research has been announced by Germany's Federal Research Minister Bettina Stark-Watzinger aimed at paving the way for the first fusion power plant to be constructed in Germany by 2040.

Nuclear Policies 14 March 2024


AFCONE and DeepGeo launch African nuclear initiative

AFCONE and DeepGeo launch African nuclear initiative

The African Commission on Nuclear Energy and DeepGeo have signed a partnership agreement which could see multinational deep geological repositories hosted in Africa, with a proportion of the income used to facilitate nuclear energy deployment.

Corporate 05 March 2024


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Grossi hopes nuclear summit can agree new financing mechanisms

Grossi hopes nuclear summit can agree new financing mechanisms

International Atomic Energy Agency Director General Rafael Mariano Grossi says one aim of the forthcoming Nuclear Energy Summit for heads of state is to see what "international cooperation mechanisms we can agree" to accelerate the provision of new nuclear in line with the COP28 declaration in December.

Nuclear Policies 04 March 2024


Canada provides federal funds for Bruce C pre-development

Canada provides federal funds for Bruce C pre-development

The federal government is providing CAD50 million of funding to support pre-development work to study the feasibility of building 4800 MWe of new generating capacity at the Bruce site in Ontario.

New Nuclear 29 February 2024


Nuclear tax credits underpin growth, says Constellation

Nuclear tax credits underpin growth, says Constellation

Federal nuclear production tax credits are providing the foundation for the USA's largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast.

Corporate 27 February 2024


India to seek nuclear investors as Kakrapar units inaugurated

India to seek nuclear investors as Kakrapar units inaugurated

Prime Minister Narendra Modi's formal dedication to the nation of Kakrapar units 3 and 4 - the first Indian-designed 700 MWe pressurised heavy water reactors - took place days after reports that the Indian government is in talks with several private firms to invest in the country's nuclear sector.

New Nuclear 23 February 2024


EBRD signs new grant agreement for next stage of Chernobyl work

EBRD signs new grant agreement for next stage of Chernobyl work

The European Bank for Reconstruction and Development and Chernobyl Nuclear Power Plant have signed Grant Agreement No.2 designed to help "solve the most urgent and critical needs" at the site.

Regulation & Safety 23 February 2024


Investment contract supports US demonstration reactor project

Investment contract supports US demonstration reactor project

The US Department of Energy and Kairos Energy have signed a technology investment agreement to implement an Advanced Reactor Demonstration Program risk reduction award to support the design, construction, and commissioning of the Hermes demonstration reactor.

New Nuclear 22 February 2024


Ansaldo Nucleare, SACE and Nuclearelectrica sign Cernavoda MoU

Ansaldo Nucleare, SACE and Nuclearelectrica sign Cernavoda MoU

Italian finance and insurance group SACE, Ansaldo Nucleare and Romania's Nuclearelectrica have signed a memorandum of understanding relating to the life extension of Cernavoda unit 1 and the development of units 3 and 4.

New Nuclear 16 February 2024


USA's Project Phoenix to support Slovenia SMR study

USA's Project Phoenix to support Slovenia SMR study

The US State Department's Project Phoenix aims to help countries transition from coal to small modular reactors. Slovenia had applied to take part, and has now announced that it has been selected to receive advisory and technical services as part of the programme.

New Nuclear 08 February 2024