Three factors will drive nuclear exports: energy security, decarbonization, and geopolitics. Recent power prices in Europe, coupled with the situation in Ukraine, demonstrate the interplay of all three factors. Nuclear exports have to be viewed in the context of the current geopolitical climate, particularly relative to Russian and Chinese competitive offerings. Finally, the critical importance of nuclear energy in meeting global decarbonization efforts can be a driving force for exports, further enhanced by the inclusion of nuclear energy in clean/green taxonomies and the accompanying support from the ESG (environmental, social, and governance) investor community.
March 7, 2022, 3:00PMNuclear News
January 7, 2022, 10:35AMNuclear News
This is the second of five articles to be posted today to look back at the top news stories of 2021 for the nuclear community. The full article, "Looking back at 2021,"was published in the January 2022 issue of Nuclear News.
Quite a year was 2021. In the following stories, we have compiled what we feel are the past year’s top news stories from the January-March time frame—please enjoy this recap from a busy year in the nuclear community.
- Click here to see the first article in the series.
May 18, 2021, 7:01AMNuclear News
Nuclear power will remain the dominant source of electricity generation in Bulgaria until 2030, despite the national government’s plans to add a substantial amount of renewable capacity this decade, says GlobalData, a U.K.-based data and analytics company. (According to a national strategy blueprint published on the Bulgarian parliament’s website last year, the country is targeting an additional 2,645 MW of installed capacity from renewable sources by the end of 2030.)
February 22, 2021, 12:08PMNuclear News
Portland, Ore.–based NuScale Power has signed a memorandum of understanding with Kozloduy Nuclear Power Plant–New Build Plc (KNPP-NB) to discuss the possible deployment of NuScale’s small modular reactor technology at Bulgaria’s Kozloduy site. KNPP-NB was established in 2012 to commission new nuclear power capacity at Kozloduy.
Specifics: Under the MOU, NuScale will support KNPP-NB as it analyzes the suitability of NuScale’s SMRs for Kozloduy, located in northwest Bulgaria. The analysis will include the development of a project time line “with milestone deliverables for a feasibility study” and a project-specific cost estimate, as well as engineering, planning, licensing, and other activities, according to a February 17 NuScale press release.
January 7, 2021, 9:30AMNuclear News
Bulgaria has become the 34th member of the Paris-based OECD Nuclear Energy Agency (NEA). With its several decades of experience operating VVER units, Bulgaria will reinforce the NEA’s capacity to address matters related to pressurized water reactor technologies and their operational characteristics, according to the NEA on January 4.
In addition, the NEA said that it will support Bulgaria’s efforts in technical and policy areas, including work to address nuclear skills capacity building, the development and application of nuclear data and simulation codes, and issues related to radioactive waste management, decommissioning, and nuclear economics.
October 27, 2020, 3:02PMNuclear News