Related Topic: Finance

MIT study explores reasons behind new-build cost overruns

MIT study explores reasons behind new-build cost overruns

Building nuclear power plants based on existing designs actually costs more, rather than less, than building plants based on new designs, according to a new study from the Massachusetts Institute of Technology. Rethinking engineering from the outset can help to avoid increased indirect costs.

New Nuclear 20 November 2020


UK industry looks for clarity on large plant support

UK industry looks for clarity on large plant support

The UK's Nuclear Industry Association has welcomed the government's confirmation yesterday that nuclear power will play a role in achieving the country's net zero by 2050 target, but says clarity is still needed on large-scale projects. In its Ten Point Plan, the government refers to such support as being "subject to value-for-money".

Nuclear Policies 19 November 2020


EU Commission will not hinder pro-nuclear countries, says Timmermans

EU Commission will not hinder pro-nuclear countries, says Timmermans

Fatih Birol, executive director of the International Energy Agency, today reiterated that all clean technologies, including nuclear, will be needed for a low-carbon economic recovery, while Frans Timmermans, executive vice-president of the European Commission, stressed that the Commission “would not stand in the way” of EU Member States that support nuclear power. Timmermans was speaking as Birol's guest in the latest edition of the IEA's Big Ideas speaker series

Energy & Environment 26 October 2020


Poland to seek EU state aid approval for nuclear project

Poland to seek EU state aid approval for nuclear project

Poland will ask the European Commission to approve state aid for the construction of what will be the country's first nuclear power plants, Secretary of State for Strategic Energy Infrastructure Piotr Naimski told reporters in Warsaw yesterday, according to Reuters. "It is impossible these days to build a nuclear power plant without state support," Naimski said.

New Nuclear 23 October 2020


US government backs NuScale projects at home and abroad

US government backs NuScale projects at home and abroad

The US Department of Energy has approved a cost-share award of more than USD1 billion for the construction of the first NuScale small modular reactor power plant in the USA. Meanwhile, the US International Development Finance Corporation has signed a Letter of Intent to support NuScale in the development of nuclear generating capacity in South Africa.

New Nuclear 19 October 2020


IEA and IAEA chiefs stress role of nuclear in climate emergency

IEA and IAEA chiefs stress role of nuclear in climate emergency

The scale of the climate challenge means the world cannot afford to exclude nuclear power - the world's second-biggest source of low-carbon electricity, Fatih Birol, executive director of the International Energy Agency, and Rafael Mariano Grossi, director general of the International Atomic Energy Agency, wrote in an op-ed published by CNN on 9 October.

Nuclear Policies 12 October 2020


PSEG applies for ZEC extension

PSEG applies for ZEC extension

Public Service Enterprise Group yesterday applied for a three-year extension to the Zero Emission Certificates for the Salem and Hope Creek nuclear power plants. The units had been under threat of closure until New Jersey awarded the ZECs in April 2019, but PSEG said power markets have deteriorated significantly since the first ZEC eligibility period began.

Nuclear Policies 02 October 2020


More organisations participate in OPEN100 project

More organisations participate in OPEN100 project

The Energy Impact Center has announced the first major update to OPEN100 - the world's first open-source design and implementation platform for a small, standard nuclear power plant. Launched in February 2020, the project aims to offer developers everything from a web interface to visualise plant and component design, costs studies and construction plans.

New Nuclear 02 October 2020


Horizon secures more time for Wylfa planning decision

Horizon secures more time for Wylfa planning decision

A decision on planning consent for the Wylfa Newydd nuclear power plant project on Anglesey that was due to be made yesterday has been delayed until 31 December, as requested by Horizon Nuclear Power, the UK project developer owned by Japan’s Hitachi.

Corporate 01 October 2020


Policymakers must assess the actual costs of decarbonisation

Policymakers must assess the actual costs of decarbonisation

The falling costs of renewable energy, such as solar PV and wind, do not give governments an accurate picture of how to invest in low-carbon generation, Michel Berthélemy, a nuclear energy analyst at the OECD Nuclear Energy Agency, said last week during a webinar hosted by the Expert Group on Resource Management of the United Nations Economic Commission for Europe.

Nuclear Policies 28 September 2020