DFC drops prohibition on nuclear project financing

The U.S. International Development Finance Corporation (DFC) has lifted its ban on financing nuclear power projects abroad. Last month, the DFC proposed the change to its Environmental and Social Policy and Procedures, which had specifically prohibited it from offering such support.

The change, announced by the DFC on July 23, also implements a key recommendation made in an April 2020 report issued by the U.S. Nuclear Fuel Working Group, an interagency initiative to review and modernize U.S. nuclear energy policy.

Palo Verde takes home 2020’s top TIP

A team from Arizona Public Service’s (APS) Palo Verde nuclear plant, in Wintersburg, Ariz., has won the Nuclear Energy Institute’s “Best of the Best” Top Innovative Practice (TIP) Award for developing in-house software applications that use machine learning to automate such time-consuming tasks as screening reports or searching maintenance logs. The award was announced July 9 during NEI’s first-ever virtual TIP Awards presentation.