The International Energy Agency (IEA) on Oct. 27 released the World Energy Outlook 2022, which covers a variety of topics which range from causes of the energy crisis, the roadmap to net zero emissions, energy security, and the outlook for demand. Russia’s invasion of Ukraine initiated the globe’s first energy crisis and has led to…...
The U.S. Energy Department on Oct. 25 announced $150 million in funding made available through the 2022 Inflation Reduction Act, or IRA, for projects focused on research and development to advance nuclear energy technologies and infrastructure improvements at the Idaho National Laboratory. The initiative is expected to be a key driver in supporting various projects…...
Daily nuclear capacity outages in the U.S. dropped by 19 percent this summer, from June through August, compared to the same period last year, according to the U.S. Energy Information Administration. Outages averaged 2.5 gigawatts, down from the 3.1-gigawatt average in summer 2021. The decline is largely due to fewer unplanned outages, which fell by…...
Virginia Governor Glenn Youngkin on Oct. 3 released the state’s 2022 Energy Plan which provides an analytical assessment of the current energy economy and outlines an approach for policy decisions. To meet the growing demand of residents and businesses, the plan calls for an “all of the above” approach that taps nuclear, natural gas, renewables,…...
The U.S. nuclear energy sector is now on the verge of a revival after years of premature plant closures and dim forecasts. Investments and tax incentives included in the Inflation Reduction Act (IRA), enacted in August, add new momentum to the nuclear power industry.
The U.S. Energy Department on Sep. 13 released a study evaluating the benefits and challenges associated with a coal-to-nuclear, or C2N, transition in the U.S. The transition could increase nuclear capacity to over 350 gigawatts, according to the report. By comparison, the existing nuclear power fleet has a capacity of 95 gigawatts and provides half…...
Michigan Governor Gretchen Whitmer has sent a letter to the U.S. Energy Department, in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit, or CNC program, to save the Palisades Nuclear Facility in Southwest Michigan. Governor Whitmer noted that keeping Palisades operational is critical for the state’s competitiveness and future…...
California lawmakers on Sept. 1 passed a bill to provide a $1.4 billion loan to extend operations at the state’s last operating nuclear power plant Diablo Canyon by an additional five years. The plant’s two units are scheduled to be retired in 2024 and 2025. The proposal, also part of Governor Gavin Newsom’s agenda, cleared…...
The U.S. power grid, in the first six months of 2022, added 15 gigawatts (GW) of utility-scale generating capacity, according to an Aug. 3 report from the U.S. Energy Information Administration. Wind generation had the largest share with 34 percent, gas had the second largest share, and solar and battery storage made up the rest.…