The Biden administration has indicated to lawmakers that it supports federal subsidies for struggling nuclear power plants, Reuters reported this morning, citing sources familiar with the discussions.
The subsidies would be in the form of production tax credits, according to the report, and would likely become part of the president’s $2.3 trillion infrastructure plan.
Framatome signs contracts with Sizewell C
French nuclear developer Framatome is slated to deliver key equipment for Sizewell C Ltd.’s two large reactors planned for the United Kingdom’s Suffolk coast.The agreement, reportedly...
AI and data center growth equal power demand
Nuclear has been on a good roll lately and it is getting better. The 2022 Inflation Reduction Act (IRA) provides a nuclear power production tax credit. This has stopped the early retirement of...
Biden administration releases FY25 budget request—What’s in it for nuclear?
The White House asked for nearly $1.6 billion in funding for the U.S. Department of Energy’s Office of Nuclear Energy in the fiscal year 2025 budget proposal, released earlier this week. The...
$1.5 billion DOE loan aims to restart Palisades
The Palisades nuclear power plant in Covert, Mich., may become the first in the United States to be restarted after permanent shut down—with help from a $1.5 billion loan being championed by...
Reactor dome lift caps year at Hinkley Point C
EDF Energy’s new nuclear build megaproject at Hinkley Point C last Friday moved forward—or, more literally, upward then downward—when workers, with a substantial assist from Big Carl,...
ARC, NB Power, KHNP join to explore global SMR deployment
Small modular reactor developer ARC Clean Technology, Canadian utility New Brunswick Power, and nuclear plant operator Korea Hydro & Nuclear Power have signed a memorandum of understanding...
Declaration to triple nuclear energy launched at COP28
As expected, a large number of nations at the COP28 climate conference in Dubai have issued a declaration to triple the world’s nuclear power capacity by 2050. John Kerry, U.S. special...
New U.K. report: Young people want to know more about nuclear
Almost two-thirds of 14- to 18-year-olds in the United Kingdom would consider a career in nuclear if they knew more about it, according to a new report, Nuclear Energy: Young People’s Views...
Westinghouse, OPG to explore reactor deployment opportunities
Westinghouse Electric Company and Ontario Power Generation have signed a memorandum of understanding establishing a framework to identify potential areas of cooperation for the deployment of...
Canadian consortium closes in on contract to support Cernavoda project
AtkinsRéalis subsidiary Candu Energy and the Canadian Commercial Corporation, a federal crown entity, have announced the receipt of an award letter from Romania’s Nuclearelectrica for the...
