Nuclear power Financial News

Russia, External Affairs Minister S. Jaishankar signed three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations according to a release of the Ministry of External affairs. The EAM was on a visit to Russia from December 25 to 29 as a part of the ongoing high-level exchanges between the two sides. During his visit, Jaishankar called on Russian President Vladimir Putin in Moscow and held discussions with the Deputy Prime Minister and the Minister of Industry and Trade, Denis Manturov, as well as the Minister of Foreign Affairs, Sergey Lavrov. «Three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations were signed during the visit,» the Ministry of External Affairs said in a release.

The woman responsible for developing next-generation small modular nuclear reactors for global energy giant Westinghouse says the “tide will turn” on the no-emissions technology in Australia, and a nuclear reactor could be in operation here by the late 2030s.

Bangladesh has received the first uranium shipment from Russia to fuel the country’s only nuclear power plant, still under construction by Moscow

Tech giant Microsoft is apparently forming a new team to advance its artificial intelligence plans by hiring a professional to develop an energy strategy based on Small Modular Reactors (SMRs) and microreactor energy.

Polish and U.S. officials have signed an agreement in Warsaw to move forward with the construction of Poland’s first nuclear power plant

Nevertheless, any possible nuclear fuel solutions for ships are at least 10 years away they added.Shipping accounts for nearly 3% of global CO2 emissions and the industry is under pressure from investors and environmentalists to find cleaner fuel solutions, which include ammonia, methanol and wind. Nuclear energy has been used in the past to power military submarines and icebreakers, although its use by merchant ships has been constrained partly by the cost, but also due wariness by insurers of providing cover for ships going into commercial ports without more understanding of the risks involved. A survey in May by the International Chamber of Shipping association said nuclear fuel was being viewed with more interest than in 2021, with some seeing nuclear-powered commercial ships being viable within the next decade. Small and mass-produced reactors, which are envisaged to be fitted onboard ships, are less powerful and consume less nuclear fuel than traditional nuclear sites. «The development of the fourth modular nuclear reactors generation is paving the way for possible future applications on board of ships,» a spokesperson with Italy-based shipbuilder Fincantieri said, referring to the smaller nuclear plants. «At the moment, several technology providers are dealing with manufacturing of prototypes, the development processes of which are at different levels of maturity, envisaging more or less a decade before completing proof of concepts.» Fincantieri was «interested in following the evolution of these technologies which may result in significant contribution to the decarbonisation of ships related to our core business», which is cruise liners, naval ships and specialised vessels, the spokesperson added. Italy's RINA,

A California judge is rejecting an environmental group’s lawsuit that sought to block the state's largest utility from seeking to extend the operating life of the Diablo Canyon Nuclear Power Plant

Households and business will be condemned to higher power prices for decades if Australia does not embrace nuclear power, according to Coalition senators who are trying to overturn the existing ban.

Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical, or nuclear industries, according to a representative for Britain’s opposing political party.

Ukraine’s Zaporizhzhia nuclear power plant has been disconnected from the power grid after Russian shelling damaged the remaining high-voltage lines, leaving it with only diesel generators, according to the Ukrainian nuclear firm Energoatom.

German Chancellor Olaf Scholz has said he will extend the operation of Germany's last three nuclear power plants, in what's been described as a snub to the Greens in his coalition government.

Russian forces fired missiles and artillery on Ukrainian-held areas across the river from Europe's largest nuclear power plant, authorities said Saturday as concern persisted about safety at the Russian-controlled plant after it was temporarily knocked offline.

The head of the International Atomic Energy Agency (IAEA) travelled to Ukraine to speak with senior government officials about providing support to ensure the safety of the war-torn country's nuclear facilities.

Germany's nuclear phase-out has entered its penultimate phase today, as the country shuts down half of its six nuclear plants still operating, marking the beginning of an 11-year plan.

Kazakhstan’s President Kassym-Jomart Tokayev is reportedly contemplating turning to nuclear energy, amid power shortage in the country.

Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green.