Related Topic: Finance

X-energy formally begins SMR partnership with DOE

X-energy formally begins SMR partnership with DOE

X-energy has signed the cooperation agreement which officially begins its participation in the US Department of Energy's Advanced Reactor Demonstration Program, a project the company says will enable it to build a commercial scale advanced nuclear reactor with Energy Northwest in Washington state.

New Nuclear 02 March 2021


Nuclearelectrica expects to make FID for Cernavoda in 2024

Nuclearelectrica expects to make FID for Cernavoda in 2024

Cosmin Ghită, CEO of Romanian utility Nuclearelectrica, says a final investment decision for the Cernavoda nuclear power plant expansion project is expected in 2024, with commissioning of unit 3 planned within the next 10 years. According to Agerpres, Ghită told a conference on 23 February that Nuclearelectrica will present a proposal to start the project at its next annual general meeting of shareholders.

Corporate 25 February 2021


Finance needn't be harder than physics, says NIA chairman

Finance needn't be harder than physics, says NIA chairman

The UK, as host of the next round of UN climate talks, must take the opportunity to show how nuclear energy is essential to decarbonisation, Tim Stone, chairman of the Nuclear Industry Association, said at a Westminster Energy Forum conference last week. "In fact, I would go as far as to say: No nuclear? No net zero."

Nuclear Policies 18 February 2021


New Brunswick announces funds for SMR development

New Brunswick announces funds for SMR development

New Brunswick Premier Blaine Higgs has announced a further CAD20 million (USD16 million) of funding towards the next phase of small modular reactor development in the province. The province is partnering with ARC Clean Energy Canada Inc, which is developing the ARC-100 advanced SMR.

New Nuclear 11 February 2021


Brookfield 'at a crossroads' on whether to sell Westinghouse

Brookfield 'at a crossroads' on whether to sell Westinghouse

Brookfield Business Partners is considering whether to sell Westinghouse Electric Company, the investment company's CEO, Cyrus Madon, said in a conference call with analysts on 5 February to discuss its fourth-quarter financial results. Bermuda-headquartered Brookfield completed its purchase of Westinghouse from Japan's Toshiba Corporation in August 2018. This marked Westinghouse's exit from US Chapter 11 bankruptcy protection as a restructured company.

Corporate 08 February 2021


NEA, IFNEC and Poland launch nuclear financing initiative

NEA, IFNEC and Poland launch nuclear financing initiative

The OECD Nuclear Energy Agency has launched an initiative together with Poland's Ministry of Climate and Environment and the International Framework for Nuclear Energy Cooperation to collaborate on issues of common interest related to innovative nuclear financing. The initiative began with a technical workshop on 14-15 January, which brought together experts from the public, private and academic sectors to discuss a number of fundamental issues pertaining to the financing of nuclear new build.

New Nuclear 27 January 2021


New nuclear needed for UK energy security, study says

New nuclear needed for UK energy security, study says

The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions, according to a new report from the Centre for Policy Studies. The think tank recommends the government explore innovative financing methods for the construction of new nuclear power plants.

Nuclear Policies 21 January 2021


Speech: The developing world's right to have nuclear energy

Speech: The developing world's right to have nuclear energy

Access to affordable, technology-neutral financing is essential if energy-poor countries are to enjoy the benefits of nuclear power in the way the Western world already does, World Nuclear Association Director General Sama Bilbao y León told the Atlantic Council Global Energy Forum today. The following is her statement to the panel titled Delivering energy access in the developing world.

Perspectives 20 January 2021


The real challenges to nuclear are external, says panel

The real challenges to nuclear are external, says panel

The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; political changes; perceived competition with renewable energy; and the public's misconceptions about radioactive waste.

Energy & Environment 14 January 2021


Nuclear stands out as clean, dispatchable firm power, says Kwarteng

Nuclear stands out as clean, dispatchable firm power, says Kwarteng

UK Energy Minister Kwasi Kwarteng said he looks forward to “a year of delivery” in 2021, following the publication of the Energy White Paper on 14 December. In an interview with Chris Lambert, director of the Westminster Energy Forum, Kwarteng explained some of the ministerial thinking behind the White Paper and provided further background on the government’s strategy for reaching net-zero by 2050.

Nuclear Policies 08 January 2021