Nuclear Power








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Energy Markets

US Nuclear Power Regulator proposes to narrow scope of environmental reviews

The U.S. nuclear power regulator on Wednesday proposed narrowing the scope of environmental?reviews required under federal law for licenses for new and renewed reactors. The?U.S. nuclear regulator proposed on Wednesday to narrow the scope of?environmental?reviews required by federal law for licenses to new and renewed reactors. The proposal is just one of many changes that the Nuclear Regulatory Commission has made to its rules. The U.S. President Donald Trump wants to quadruple the nuclear power capacity of the U.S. by 2050 in order to meet the power demand, which has risen due to data centers and electric vehicles. The NRC...

Environment

US Nuclear Power Regulator proposes to change rule protecting people against radiation

The U.S. Nuclear Power Regulator on Wednesday proposed "changes" to a rule that protects people from radiation. This is the latest proposal by the Trump administration to change or soften the rules in order to speed up development and reduce costs for new nuclear reactors. In 2025, President Donald Trump issued executive orders to accelerate the permitting of nuclear reactors and overhaul the Nuclear Regulatory Commission. He also directed the Energy and Defense departments work together in order to build nuclear power plants on federal lands. Trump wants to quadruple the U.S. nuclear capacity by 2050 in order to meet...

Energy Markets

US announces $17.5 Billion in Conditional Loans for Nuclear Power

The U.S. Department of Energy announced a total of $17.5 Billion in conditional loan for 'utilities and energy companies to purchase reactors, and other infrastructure needed to rebuild U.S. Commercial Nuclear Supply Chain. U.S. Energy Sec. Chris Wright told journalists that the loans would help the U.S. reach its goal of having ten new large-scale reactors under construction by 2030. This could potentially accelerate that timeline by three year. Wright said that this has drawn the attention of both data center hyperscalers - tech giants who run a 'global cloud computing and infrastructure' - and energy companies, as U.S. electricity...

Nuclear Power

The Russian-owned Zaporizhzhia Nuclear Plant says that external power connection has been restored

The Zaporizhzhia?power station in southeast Ukraine, which is occupied by Russia, announced?on Saturday?that?external?power?had been restored. For a while the station was forced to rely solely on diesel generation. The plant's Russian management released a statement on Telegram saying that the plant is operating normally after the return to external power. Radiation levels were normal. International Atomic Energy Agency (IAEA), the U.N.'s nuclear watchdog?also reported that?the external?line?was restored after a 4-1/2-hour break. The Ukraine Energy Ministry stated that Russian military activity is responsible for the disconnections. This is the 20th time since Russia began its full-scale invasion of Ukraine in February...

Nuclear Power

FT reports that the US is in talks with Europe to increase nuclear weapon deployments.

The Financial Times reported on Tuesday that the U.S. was 'discussing' whether or not to deploy nuclear weapons into?additional European NATO states. The FT reported that U.S. officials had indicated an openness to additional nuclear-capable deployments outside of the six countries currently hosting such bombers. Three people who were briefed about the discussions confirmed this. The newspaper said that the'move' would require more countries to host so called U.S. Dual-Capable?Aircraft (DCA), capable of delivering nuclear strikes. However, it cautioned that an agreement for expanding U.S. Nuclear Hosting was not imminent. The report stated that countries on NATO's eastern front, including...

Power Markets

Iran's nuclear negotiations: the strongest card Iran has is its highly enriched Uranium

Iran and the United States have been in talks to extend their ceasefire to begin negotiations over issues such as Tehran's nuclear programme, where Washington insists that?Iran cannot be able make a nuclear bomb. Israel and the U.S. bombed Iran in June. While a lot of its uranium-enrichment infrastructure was destroyed or badly damaged, it is believed that a significant amount of highly enriched nuclear uranium survived. This is the main concern of the United States. The biggest concern for the U.S. In a Friday post on social media, Trump stated that Iran had to agree that the enriched Uranium...

Electric Utilities

Oklo speaks in discussions on using US Cold War plutonium for nuclear fuel

Nuclear power company Oklo said?on? Tuesday that the U.S. Energy Department has selected it for advanced talks about taking Cold War era plutonium - a dangerous, fissile substance - for use as potential fuel for nuclear reactors. Last year, it was reported that the Trump Administration plans to provide about 20 metric tonnes of Cold War-era Plutonium? from dismantled warheads to U.S. energy companies for use as reactor fuel. About a year ago, President Donald 'Trump' signed an executive ordnance ordering the U.S. Government to stop a large part of its program to dilute plutonium and dispose of it and...

Nuclear Power

Nuclear reactor developer Deep Fission eyes $1.66 billion valuation in US IPO

Deep Fission announced on Wednesday that it is aiming for a valuation of about $1.66 billion when it makes its U.S. IPO. The company hopes to ride a wave of investor demand as the use and consumption AI-powered electricity increases. The Berkeley-based company wants to raise up to $156m by selling 6 million shares at a price of between $24 and $25 each. Deep Fission plans to go public as investors are re-engaging in nuclear power following years of public skepticism. Data?centers, artificial intelligence and data?centers have been driving investor interest. The Gravity Reactor is a small modular reactor (SMR),...

Power Markets

UAE claims drone which struck near its nuclear facility was launched by Iraq

The United Arab Emirates (UAE) said that six drones were launched from Iraq against them in the past 48 hours, including one 'that caused a fire at a nuclear plant in the Gulf State on Sunday. In a press release, the UAE's Defence Ministry said that all drones except one had been intercepted. The ministry said that three drones?in all?were targeting the Barakah Nuclear Power Plant which is?the Arab World's first commercial nuke power station. The drone that breached the UAE's defenses struck an electric generator outside of the inner perimeter, according to the?ministry. The UAE's Federal Authority for Nuclear...

Power Markets

IAEA says UAE radiation levels normal after drone strike near Barakah plant

The Abu Dhabi Media Office reported on Sunday that authorities in 'Abu Dhabi' responded to an fire caused by a drone strike on a?electrical genset outside the inner perimeter at the Barakah Nuclear Power Plant, in Al Dhafra Region. The Federal Authority for Nuclear Regulation (FANR) confirmed that the essential systems of the plant were working normally. The statement didn't give any indication as to?how the drone attack happened. The International Atomic Energy Agency (IAEA) reported that the UAE informed it that radiation levels at Barakah Plant remained normal after the incident. The U.N. nuclear watchdog said that the IAEA...

Energy Markets

Brookfield Nuclear Company forms joint venture to develop nuclear power

On Monday, The Nuclear Company and Brookfield Investments announced that they would form a joint-venture to 'develop nuclear projects using u.s. The Nuclear?Company and Brookfield announced on Monday that they will form a joint venture to?develop nuclear projects utilizing?U.S. They said that the new company would combine Brookfield’s expertise in asset management, energy infrastructure development and "nuclear?project delivery capabilities" with The Nuclear Company. This includes project'management, licensing support, and oversight of the engineering, procurement and?construction for Westinghouse AP1000 or AP300 reactors. Investors and governments are partnering to revive nuclear power as an 'emission-free, stable energy source in the face of...

Mining

Triton Uranium is aiming for a US listing in 2026 as the demand for nuclear fuels increases

Triton Uranium's president Scott Evans said that the company is looking at a U.S. listing in 2026 through a merger with a special-purpose acquisition company. The company wants to "tap into" rising demand for nuclear fuels and boost domestic supply. The Canadian-based company began development work on its Atlas Project at Uranium City in Saskatchewan, where it controls approximately 46,742 acres. Triton raised almost $16 million from private sources, which it plans to use for exploration in advance of a possible public listing. Evans stated that the company would be open to selling a stake to either the U.S. government...

Europe

Power Markets

Slovakia prepares final unit of Mochovce Nuclear Plant for production

Slovenske Elektrarne, the Slovak utility, has begun fuel loading on the fourth 'unit' of the Mochovce Nuclear Power Plant, nearing the?start of production after almost four decades of construction. The fourth unit, a 471 megawatt unit, will be the last unit to go online at the second nuclear power plant in the country after the grid connection of its third unit is completed in 2023. When the project was restarted last in 2008, it was originally planned that the fourth unit would be completed in 2013. The start-up of the nuclear power plant in Slovakia will mean that it has...

Power Markets

Sweden has approved the first funding package for new nuclear power plants, says PM

Sweden's government has reached an agreement with Videberg Kraft on the first package of financing to build new nuclear reactors, Swedish Prime Minister Ulf Kritersson announced on Thursday. Kristersson, a reporter, said that the state would also be a?owner' in this project. Kristersson did not give any?details? of the package's financing, which must be approved by the European Commission. In a press release, the government announced that it would take a 60% stake in Videberg Kraft. Currently, Vattenfall owns 80% of Videberg Kraft and a group of industrial companies holds 20%. Vattenfall will lose 20% of its stake, according to...

Power Markets

Next week, nuclear power production will be limited by high temperatures in the French River

The French utility?EDF warned Thursday that production at three nuclear reactors would be curtailed next week due to high temperatures along the Rhone and Garonne rivers. France is currently experiencing its second heatwave of this spring. The French nuclear output has been fairly consistent in recent years, as it has recovered from the lows of several previous years. However, the exceptional heatwaves that occurred at the end of spring in the northern hemisphere have increased water temperatures above levels where reactors are at risk of a?curtailment of their output. EDF, the operator of the nuclear fleet in the country, limits...

Western Europe

Middle East

Nuclear Power

Hezbollah thinks Iran won't sign the final nuclear agreement if Israel remains in Lebanon

Hezbollah stated on 'Tuesday' that it believes Iran won't sign a final deal with 'Washington unless Israel leaves 'Lebanon', after Iran's top diplomat'said Israel's 'continued troop' presence in Lebanon will be considered a violation of the U.S. -Iran Memorandum of Understanding. Israeli troops continue to occupy territory in southern Lebanon they captured during their three-month-long air and ground campaign against Hezbollah. The campaign began when the Iran-backed Hezbollah fired on Israel in support of Tehran, starting in?March 2. The fighting in Lebanon has slowed down but not completely since the Iran-U.S. Memorandum of Understanding. Israel also said that troops will...

Power Markets

French PM rejects large-scale tax cuts on fuels in the face of tight budget constraints

Sebastien Lecornu, the Prime Minister of France, said that France would 'continue to only offer limited relief to consumers who are impacted by high fuel prices. Paris, unlike other European countries, has refused to cut fuel taxes despite the fact that the Strait of Hormuz closure has driven oil prices over $100 per barrel. The reason given was the high budget deficit in the eurozone. Lecornu said at a press briefing that "we're not changing our strategy." "We reject any reduction in fuel taxes that is indiscriminate and general." He said that the government instead?extended targeted measures and scaled up...

Power Markets

US Admiral: Iran's capability to threaten its neighbors has been dramatically reduced

The?U.S. has?dramatically reduced Iran's ability to threaten its neighboring countries and U.S. interest. A senior U.S. Admiral stated on Thursday that the bombings have slowed down Tehran's defence industry by 90%. Admiral Brad Cooper of U.S. Central Command emphasized 'the tactical success of the military campaign he led against Iran and said that the war has dramatically reduced the danger posed by Iran to the Middle East. Cooper refused to directly address the reports of and other news organizations that Iran had significant drone and missile capabilities. These reports cited U.S. Intelligence sources. Cooper, speaking to a U.S. Senate Committee,...

Energy Markets

Axios: US and Iran close in on a one-page note to end the war

Axios, citing two U.S. government officials and other sources, reported that the 'White House' believes it is close to reaching an agreement with?Iran over a one-page memo of understanding. This would end the war, and provide a framework for further nuclear negotiations. According to a report, the U.S. is expecting Iranian responses to several key points within the next 48 hours. The report cautioned that there hasn't been any agreement yet, but stated this was the closest parties have been to an accord since the beginning of the war. Axios reported that the deal included, among other things, Iran agreeing...

Fossil Fuels

Baghdad orders probe after drone targets Kurdistan president's home

Security?sources say that a 'drone attack' targeted the home of the President of Iraq’s Kurdistan Region?early Saturday morning. This?incidences comes at a time when tensions are rising in northern Iraq. Sources added that air defences shot down a drone in Duhok near a base of Peshmerga warriors. The strikes come amid an increase in attacks against both Iran-aligned forces and?Kurdish ones as the U.S. and Israeli war on Iran spills?over into Iraq, attracting multiple armed group and straining Baghdad’s efforts to contain?the fallout. His office reported that Prime Minister Mohammed Shia al-Sudani spoke to him on the phone and condemned...

Nuclear Power

Taiwan freezes its electricity rates in order to maintain price stability and industrial competitiveness

Taiwan won't raise electricity prices at this time despite the increase in energy prices caused by the Middle East war, according to the Economy Ministry. This will help to maintain price stability and industrial competitiveness. The government has been heavily subsidising energy to limit the impact on consumers of the rising energy prices caused by the Middle East war. The ministry released a statement saying that "in light of the 'risks' arising from the escalating conflict and the changes in international tariffs and to maintain industrial competitiveness and stabilize consumer prices, the committee decided to not adjust electricity rates at...

Nuclear Power

Oil prices rise as markets evaluate supply risks after Iran rejects US talks

On Tuesday, oil prices soared on fears of a shortage, after Iran denied that it had?talks? with the United States about ending the Gulf War, in contradiction to U.S. president Donald Trump, who claimed a deal would be reached soon. Crude futures dropped by more than 10% after Trump ordered the delay of attacks on Iran's power plants for five days, claiming that he had held talks with Iranian officials who were not named, and they had reached "major agreements". Brent futures were up $1.25 or 1.3% to $101.19 a barrel by 0858 GMT. U.S. West Texas Intermediate rose $2.15...

Oil & Gas

Sources say that Fujairah in the UAE resumes oil loading after an attack

Four sources confirmed that oil loading operations at the United Arab Emirates Fujairah, a major 'bunkering hub' and crude export terminal, had re-commenced despite a Saturday drone attack and fire. However, it is unclear whether the operations are back to normal. The U.S. - Iran war has already reduced Middle Eastern oil supply by more than?7m barrels a day, or 7% of the global supply. The disruptions?at Fujairah could force OPEC’s third largest crude producer to cut more?production, after already cutting production at its offshore oil fields. According to Kpler, Fujairah outside the Strait of Hormuz exported on average?more? than...

Power Markets

Poland claims that the cyber attack on a nuclear centre foiled by Poland may have been from Iran

The government of Poland announced on Thursday that it had foiled a cyberattack against its nuclear research centre. It is now examining possible signs that Iran may be responsible. Poland claims it has been the victim of many cyberattacks ever since Russia invaded Ukraine on a large scale in 2022. Moscow has denied any involvement. Krzysztof GAWKOWSKI, Minister of Digital Affairs at TVN24+, said that the attack against Poland's National Center for Nuclear Research had taken place "in recent days". "The attack was not on a large scale, but it was an attempt at breaking through security that was stopped....

Energy Markets

Japan reactor restarts fuel record nuclear sales for Mitsubishi Heavy

The restart of nuclear reactors in Japan is expected to boost sales at Mitsubishi Heavy Industries (MHI)'s nuclear power unit next year. This will be a record 400 billion yen, or $2.54 billion. This is well ahead of previous forecasts. Hiroshi Nishio said in an interview that we originally thought it would reach 400 billion yen by 2030. MHI plans to increase its headcount by about 10% in the reactor division next year, as orders continue to grow. After 15 years of the nuclear crisis in Japan caused by the tsunami, 15?of the 33 reactors are now operational. The Japanese...

Nuclear Power

Drones attack Duqm port after hitting an oil tanker off the coast of Oman

The?maritime?security?centre of Oman said that a Palau-flagged tanker was hit on Sunday off the Musandam Peninsula injuring four people. This followed drone strikes against the commercial port of Duqm, which is located in the Gulf. These incidents are the first time that targets have been struck in or around Oman following a wave retaliatory'strikes' by Tehran against Gulf states following joint U.S. and Israeli attacks on?Iran, which have plunged the area into a war. In a posting on X, the 'Oman Maritime - Security - Centre said that the 20-person crew of the Skylight Tanker had been evacuated following the...

Fossil Fuels

Senior Israeli official claims that Iran's Supreme leader Ali Khamenei has been killed

A senior Israeli official said that Ayatollah Khamenei was killed by Israeli and U.S. airstrikes. He had turned Iran into a powerful anti U.S. force, extended its military influence across the Middle East, and crushed repeated domestic unrest. No immediate confirmation from Iran was given of his fate. On Saturday, the United States and Israel launched military strikes against Iran. They targeted its top leaders. This threw the Middle East in a war that Donald Trump claimed would eliminate a threat to U.S. security and give Iranians the chance to overthrow their rulers. Khamenei became Iran's highest authority after the...