The U.S. Energy Department has announced the closing of up to $1.52 billion in a loan guarantee to Holtec Palisades LLC to recommission the 800-megawatt (MW) Palisades Nuclear Plant in Michigan. Further, the U.S. Agriculture Department has awarded more than $1.3 billion in grants to two rural electric cooperatives to lower the cost of electricity…...
Recent power purchase agreements between nuclear plant owners and data centers highlight data center operators’ efforts to secure emissions-free power, but future electricity demand is subject to uncertainties, according to an Oct. 1 report from the U.S. Energy Information Administration. Factors such as the size of new data center capacity, the time required for each…...
The U.S. Energy Department on Aug. 29 announced a new commercial agreement between Nuclear Power Ghana (NPG) and Regnum Technology Group, a U.S. nuclear technology project developer, to deploy a NuScale VOYGR-12 small modular reactor plant in Ghana. The deal was signed at the second annual U.S.-Africa Nuclear Energy Summit held in Nairobi, Kenya. Regnum…...
U.S. energy consumption declined one percent year-on-year during 2023 to 94 quadrillion British thermal units (quads), according to a July 3 report published by the U.S. Energy Information Administration. Fossil fuels, which consist of coal, natural gas and petroleum accounted for around 83 percent of total U.S. energy consumption. Non fossil fuels, which consist of…...
Advanced nuclear solutions are garnering broad support with a slate of initiatives including funding research, developing regulatory frameworks, and planning or constructing advanced reactors. The ability of nuclear energy to produce carbon-free power is increasingly considered critical for decarbonizing the power sector to fight climate change while ensuring a reliable electricity supply.
The U.S. Senate last week approved President Biden’s three nominees to serve on the Federal Energy Regulatory Commission (FERC) bringing the agency to its full complement of five commissioners. Industry and clean energy groups welcomed the move saying that a fully staffed commission is crucial to address challenges posed by an aging electric grid, the…...
Georgia Power announced that Plant Vogtle Unit 4 achieved commercial operation on April 29, bringing the total generating capacity of the plant to over 4.6 gigawatts. With all four units now operational, Plant Vogtle is the largest nuclear power plant in the U.S. and is expected to generate over 30 million megawatt hours of electricity…...
The U.S. Energy Department and Japan’s Ministry of Education, Culture, Sports, Science and Technology announced a strategic partnership on April 10 to advance fusion energy capabilities. Monitored through the Coordinating Committee on Fusion Energy, CCFE, the collaboration aims to identify opportunities for advancing demonstration and commercialization of fusion energy. Leveraging resources and facilities in both…...
Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for advanced reactor licensing, and state legislatures exploring the benefits of small modular technologies, the landscape of nuclear energy technologies is poised for change.
The U.S. Energy Department on Jan. 2 announced its decision to award credits for the continued operation of the 2.2-gigawatt Diablo Canyon nuclear plant in California under the $6 billion Civil Nuclear Credit, or CNC, program established by the 2021 Infrastructure Investment and Jobs Act to support nuclear power plants at risk of closure due…...
