Power market developments - Page 1
Stay up to date with the latest Power market developments updates from the global nuclear engineering international industryLatest Power market developments Update
The International Energy Agency’s (IEA’s) Canada 2022: Energy Policy...
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India to boost nuclear power capacity to 22.5GW by 2031
India’s Minister of State in the Department of Space and Department of Atomic Energy, Jitendra Singh, said India's present nuclear power capacity of 6780MWe is planned to be increased...
Finland to reform Nuclear Energy Act
Finland’s Ministry of Employment and the Economy (MEE) said on 8 December that a climate-neutral future requires appropriate and up-to-date legislation and it is, therefore,...
Russia signs nuclear cooperation MOU with Nicaragua
The MOU details a wide range of areas, in particular, raising public awareness about nuclear technologies, the development of Nicaragua’s nuclear infrastructure, and...
UK government confirms choice of HTGR for advanced reactor demonstration
Greg Hands, Minister of State for Business, Energy and Clean Growth, said in a speech to the Nuclear Industry Association that the UK will focus on HTGRs as the technology choice for...
IEA: France should review plans to reduce nuclear share
The current rate of deployment of low-carbon energy technologies and energy efficiency solutions in France is not fast enough for the government to meet its energy and climate...
US Infrastructure Bill includes $62bn for DOE
US President Joe Biden has signed into law the bipartisan Infrastructure and Jobs Investment Act. The $1,200 billion Billcovers all aspects of the economy including provisions for...
Mixed results from COP26
Some 200 countries agreed to adopt the Glasgow Climate Pact on 13 November after more than two weeks of intense negotiations at the COP26 meeting.
India sets 2070 target for net-zero
Indian Prime Minister Narendra Modi in his National Statement to the COP26 climate conference in Glasgow said on 1 November that India has set a target of reaching net-zero...
UK budget allocates some funds for nuclear
The UK government’s autumn budget, announced on 27 October, included up to £1.7 billion “of direct government funding to enable a large-scale nuclear project to reach a final...
Japan aims for increased renewables and more nuclear restarts
Japan has adopted a new energy policy promoting nuclear and renewables as sources of clean energy to achieve carbon neutrality targets for 2050.
UK Net Zero Strategy puts nuclear as a low priority
The UK on 19 October published its Net Zero Strategy – Build Back Greener — setting out how the UK will deliver on its commitment to reach net zero emissions by 2050.
IEA looks at the role of G7 countries in achieving net zero
The latest report from the International Energy Agency (IEA) – “Achieving Net Zero Electricity Sectors in G7 Members” – released on 20 October, is designed to inform discussions at...
IAEA releases two reports in run up to COP26
In the run up to the 26th United Nations Climate Change Conference, COP26 in November, the International Atomic Energy Agency (IAEA) has published a comprehensive report setting out...
Macron sees nuclear and hydrogen power as priorities
President Emmanuel Macron said France would aim to become a leader in green hydrogen by 2030 and build new, smaller nuclear reactors as he announced a five-year investment plan aimed...
IEA World Energy Outlook intended as handbook for COP26
The International Energy Agency (IEA) in its latest World Energy Outlook (WEO), published on 13 October, says transition to a clean energy system is progressing too slowly for the...
Australian submarine deal sparks debate about nuclear energy
In the wake of Australia’s decision to purchase nuclear-powered submarines from the USA and UK, instead of diesel-powered vessels from France (the AUKUS defence pact), pressure...
Romania’s Government approves energy plan
Romania’s Government on 4 October approved the Integrated National Plan in the field of Energy and Climate Change (PNIESC) for the period 2021-2030 proposed by the Energy Ministry. It...
Minerals Council of Australia looks at SMRs
The Minerals Council of Australia (MCA) on 6 October released a new report, “Small Modular Reactors in the Australian Context”, which offers an overview of SMRs, their potential role...
IEA head tells US-sponsored conference that nuclear is important for climate mitigation
Fatih Birol, head of the International Energy Agency (IEA) told the US-sponsored Partnership for Transatlantic Energy and Climate Cooperation’s (P-TECC’s) third ministerial conference...
