Related Topic: Economics

SMRs would provide economic boost to Ontario, says report

The construction and operation of four small modular reactors by Ontario Power Generation at its Darlington site will contribute about CAD15.3 billion (USD11.2 billion) to Canada's GDP, including CAD13.7 billion to Ontario's GDP, according to a report by the Conference Board of Canada. The units will create and sustain 2000 jobs each year in Canada over the next 65 years, it says.

New Nuclear 23 October 2023

Costs of new nuclear need addressing, says Wood Mackenzie

With nuclear generating capacity set to increase by 280 GWe by 2050, the biggest economic hurdle to the uptake of the latest large reactors and small modular reactors is cost, according to independent energy research consultancy Wood Mackenzie.

New Nuclear 18 May 2023

An overnight capital cost of USD2900 per kilowatt for the next AP1000 series in the USA is achievable, according to an independent assessment by the Massachusetts Institute of Technology's Center for Advanced Nuclear Energy Systems. The report considers the cost in the context of the experience realised at the Vogtle site in Georgia, where two AP1000 units are under construction.

New Nuclear 08 April 2022

Viewpoint: Nuclear, the auctions and the grid

US electricity grids, especially deregulated grids with auctions, have become fragile and unreliable due to over-dependence on intermittent renewables and just-in-time delivery of natural gas, together with a reliance on imports, writes Meredith Angwin. Nuclear energy, she says, could break the trifecta and prevent rolling blackouts.

Perspectives 09 December 2021

Canadian SMR to offer 'once in a generation' economic windfall - study

Construction of a small modular reactor at Darlington in Ontario will open up global export markets worth many hundreds of billions of dollars over the next several decades for whichever technology is chosen by Ontario Power Generation, a new study prepared for SMR developer Terrestrial Energy has found.

New Nuclear 11 November 2021

Millstone operation is critical factor for zero-carbon goals

The continued operation of Dominion's Millstone nuclear power plant beyond 2029 is a critical factor in how much more and how quickly Connecticut needs to procure new clean energy additions, the state's Department of Energy and Environmental Protection has told policymakers in the state's newly released 2020 Integrated Resources Plan.

Nuclear Policies 12 October 2021

Foronuclear warns of early Spanish nuclear exit

Spain's nuclear power generating industry will not be able to continue operating if a draft law approved on 14 September by the Council of Ministers is enacted, according to the country's nuclear industry forum Foronuclear. The law, together with other proposed measures, would impose an "excessive tax burden" on the industry, which Foronuclear says would make the continued operation of nuclear power plants economically unfeasible. Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.

Waste & Recycling 16 September 2021

Sustainable recovery receiving 'inadequate attention', says IEA

The International Energy Agency today launched its Sustainable Recovery Tracker that monitors governments' fiscal responses to the COVID-19 crisis and estimates their impact on clean energy investments and global CO2 emissions. The new online tool is a contribution to the G20 Ministerial Meeting on Environment, Climate and Energy, which takes place in Naples on 22 and 23 July under the presidency of Italy.

Energy & Environment 20 July 2021

UK modelling report 'decouples energy from emissions'

Diverse, scalable and low-cost applications for nuclear technologies have for the first time been fully represented across the whole energy system in a new modelling report published last week by the UK's National Nuclear Laboratory. The work, which was completed through the Advanced Fuel Cycle Programme, reveals potential routes to de-risk and lower the cost of achieving net zero. AFCP is led by NNL in partnership with the Department for Business, Energy and Industrial Strategy as part of the GBP505 million (USD702 million) Energy Innovation Programme.

Energy & Environment 21 June 2021

Barclays highlights role of nuclear in net zero

Nuclear energy's high load factors and reliability could make achieving net-zero affordable, according to a special report published yesterday by Barclays. Nuclear is "safer than commonly assumed", while new technology and further research could make it even cleaner, safer and cheaper, it says, "paving the way for a greater contribution to the global energy transition".

Energy & Environment 03 June 2021

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