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
European unions on 27 July reiterated calls for the European Commission...
> read more
UK looks to ban CGN from participation in nuclear projects
The UK government is investigating ways to block China General Nuclear (CGN) from future power projects in the UK, according to media reports citing government sources. According to...
Rosatom consolidates its role in development of the Arctic
Rosatom and GDK Baimskaya on 23 July signed an agreement to jointly implement a project to supply power to the Baimsky mining and processing plant (Baimsky GOK), which is located...
Two US companies seek to use nuclear for bitcoin mining
US-based Oklo on 14 July announced a 20-year commercial partnership with Compass Mining, the world's first online marketplace for Bitcoin mining hardware and hosting. With...
Ghana and USA sign nuclear co-operation MOU
The USA and Ghana on 13 July signed a Memorandum of Understanding Concerning Strategic Civil Nuclear Cooperation (NCMOU), “which improves our cooperation on nuclear energy and...
UK National Grid looks at energy scenarios for net zero in 2050
A new report by UK grid operator National Grid ESO on 2021 Future Energy Scenarios (FES) looks at the prospects for net zero in 2050. It says reaching net zero by 2050 is possible...
UK cross-sector report plans zero-carbon hydrogen from nuclear
The UK's Nuclear Sector Deal’s Innovation Group on 14 July published a new report, “Unlocking the UK’s Nuclear Hydrogen Economy to Support Net Zero”. The 16-page report, a...
KPMG looks at feasibility of new build in Netherlands
Consultancy firm KPMG on 7 July released a report on nuclear energy market consultation, which discusses the conditions under which market parties are prepared to invest in NPPs in...
MEPS argue for green nuclear
Some 86 Members of the European Parliament (MEPs) have sent a letter to the European Commission (EC) calling on Commissioners "to follow the science" and include nuclear under the...
Two expert groups report to EC on nuclear’s role in the green taxonomy
Two expert groups, tasked by the European Commission (EC) to assess the role of nuclear energy in the green finance taxonomy, published their reports on 2 July.
UK government Green Financing Framework excludes nuclear
The UK's Green Financing Framework, released on 1 July by the Treasury, describes government plans to finance expenditures by issuing green gilts and the retail Green Savings Bonds...
EU anti-nuclear states urge excluding nuclear from green taxonomy
A group of five EU member states led by Germany have sent a letter to the European Commission (EC) asking for nuclear energy to be kept out of the EU’s green finance taxonomy.
UK parliamentary group urges nuclear new build
The UK urgently needs to restore nuclear capacity to at least 10GWe Net Zero, according to the All-Party Parliamentary Group on Nuclear Energy (APPG) in a position paper published on...
US and Canada to expand energy co-operation for net zero
US Secretary of Energy Jennifer M Granholm and Canadian Minister of Natural Resources Seamus O’Regan on 24 June met to launch a new updated and revised Memorandum of Understanding...
Japan revises its green growth strategy
Japan’s Ministry of Economy, Trade and Industry (METI) on 18 June updated the "Green Growth Strategy Through Achieving Carbon Neutrality in 2050" in collaboration with related...
GE position paper sees nuclear as critical to achieving net zero
GE has produced a Positioning Paper that discusses GE’s view on the critical role nuclear energy plays as the world transitions to a carbon-free future...
Rolls Royce launches net zero pathway
Rolls Royce on 17 June launched its report, “Leading the Transition to Net Zero Carbon” setting out its near-term actions to achieve net zero by 2050 at the latest. “Our pathway shows...
Canada’s NII to study nuclear hydrogen
Canada’s Nuclear Innovation Institute (NII) said on 10 June that it has launched a new study into the role of nuclear power in supporting a growing hydrogen economy. The study will be...
Canada’s oil sands producers collaborate to achieve net zero
Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy on 9 June formally announced the Oil Sands Pathways to Net Zero initiative. These companies...
G7 communique makes only a passing reference to nuclear
The final communique of the Group of Seven (G7) leaders who met in Cornwall, United Kingdom, from 11-13 June, “Our Shared Agenda for Global Action to Build Back Better” included...
