Nuclear Power








Asia

North America

Nuclear Power

Texas set to smash tidy and unclean power output records in 2024: Maguire

The operator of the Texas power system, among the largest in the United States, is on track to smash generation records from both clean and fossil fuel sources in 2024 as total power needs continue to grow. The Electric Reliability Council of Texas (ERCOT) tidy power generation overall through May 27 was a record 3.35 million megawatt hours (MWh), according to LSEG. That tally marks a 7.5% advance over the exact same period in 2023, and highlights the fast pace of power sector decarbonization efforts in essential markets across the United States. Nevertheless, over the exact same duration ERCOT output...

Energy Markets

Russia not presently preparing to reboot Zaporizhzhia nuclear reactor, TASS states

Russia is not presently preparing to reboot the Zaporizhzhia nuclear reactor in Ukraine, the head of Russia's stateowned nuclear power company Rosatom was estimated as saying on Tuesday. Russian forces have occupied the Zaporizhzhia plant since early in what Russia calls its special military operation in Ukraine, and its 6 reactors are not in operation. Russian state-run news company TASS said Rafael Grossi, the head of the International Atomic Energy Company (IAEA), had actually held talks with a Rosatom delegation in the western Russian city of Kaliningrad at which he said an understanding was reached on the safety of the...

Fossil Fuels

Russia to construct Central Asia's very first nuclear power plant in Uzbekistan

Russia will construct a little nuclear reactor in Uzbekistan, the very first such project in postSoviet Central Asia, Uzbek President Shavkat Mirziyoyev stated on Monday at a meeting with checking out Russian President Vladimir Putin. The nuclear deal, if executed, will showcase Russia's. ability to export not only energy, however likewise modern products. to brand-new Asian markets, at a time when the West is increasing. pressure on it through sanctions. Mirziyoyev likewise stated Tashkent was interested in purchasing more. oil and gas from Russia, a turnaround of decades-long practice. where Moscow imported hydrocarbons from Central Asia. The Uzbek president explained...

Power Markets

Russia states main power line to Zaporizhzhia nuclear plant goes down, no security dangers

Russia stated on Thursday that the primary power line supplying the Russiancontrolled Zaporizhzhia nuclear power plant (ZNPP) in Ukraine had gone down, however that there was no risk to safety and the plant was being supplied through a backup line. The 6 reactors at the Zaporizhzhia plant, held by Russia and located close to the cutting edge of the dispute in Ukraine, are not in operation however it relies on external power to keep its nuclear product cool and avoid a devastating accident. The Russian management stated on their official channel on the Telegram app that the reasons for the...

Nuclear Power

US-Saudi defense deal with civil nuclear part nears conclusion, authorities says

The U.S. and Saudi Arabia have actually reached a near final set of arrangements for a defense pact that consists of a civil nuclear part but obstacles stay for a more comprehensive regional deal that would stabilize relations between Israel and Riyadh, a senior U.S. official stated on Tuesday. The official stated the bilateral deal was more or less complete, but cautioned that particular components, including a. trustworthy path to Palestinian statehood and steps on. stabilizing war-torn Gaza, still needed to be completed. It is not done. Nobody here is going to say this is, you. understand, just right around...

Energy Markets

How might a US-Saudi civil nuclear deal work?

White House National Security Consultant Jake Sullivan will visit Saudi Arabia this weekend for talks expected to discuss a civil nuclear cooperation arrangement, one piece of a wider arrangement Washington hopes will lead to normalization of IsraeliSaudi relations. Below is a description of the essential problems involved in a. U.S.-Saudi civil nuclear offer, what dangers and benefits it may. use the United States and Saudi Arabia, and how it fits within. U.S. efforts to broker Israeli-Saudi reconciliation. WHAT IS A CIVIL NUCLEAR COOPERATION ARRANGEMENT? Under Area 123 of the U.S. Atomic Energy Act of 1954, the. United States may negotiate...

Electric Utilities

AEP's Cook Nuclear Plant Unit 2 in Michigan shut after steam leakage

American Electric Power Company Inc's. Indiana Michigan Power on Wednesday stated its 1,194 internet. megawatts Cook Nuclear Plant Unit 2 has been by hand tripped. offline after a steam leak was discovered on May 14. The reason for the steam leak is still being determined and. the repair is underway, the business stated in a news release. At 6:00 p.m. on Tuesday, operators started to decrease power to. allow for repair of the steam leak, and eliminated a turbine from. service to isolate the leak, the company said. The reactor was removed from service at 4:27 a.m. on. Wednesday, while...

Fossil Fuels

Slovak government seeks plan for brand-new nuclear power plant by October

The Slovak government has tasked its economy and financing ministers to prepare a plan for a new nuclear reactor by the end of October, after consenting to back the task, the government workplace said. The ministries would present a prepare for an as much as 1,200 megawatt plant, including a selection process for a supplier as well as timing and financing of the project. The brand-new plant would be developed at the website of the existing nuclear reactor at Jaslovske Bohunice. Prime Minister Robert Fico stated on Monday it would be fully state-owned, unlike the country's existing two nuclear plants...

Power Markets

United States senator urges Biden to consist of safeguards in any nuclear power deal with Saudi Arabia

A Democratic U.S. senator on Wednesday prompted President Joe Biden to include rigorous nonproliferation safeguards in any nuclear power handle Saudi Arabia that might come as part of a possible normalization of relations agreement brokered by Washington between the kingdom and Israel. The Biden administration has been talking with Saudi Arabia and Israel on a possible peace contract since before the Oct. 7 lethal attacks by Hamas on Israel and talks have continued throughout the Israeli war on the militant group in Gaza. A contract to assist establish nuclear power in Saudi Arabia could benefit the U.S. nuclear market which...

Energy Markets

United States senator prompts Biden to consist of safeguards in any nuclear power handle Saudi Arabia

A Democratic U.S. senator on Wednesday prompted President Joe Biden to include rigorous nonproliferation safeguards in any nuclear power deal with Saudi Arabia that may come as part of a prospective normalization of relations contract brokered by Washington in between the kingdom and Israel. The Biden administration has been talking with Saudi Arabia and Israel on a prospective peace contract because before the Oct. 7 fatal attacks by Hamas on Israel and talks have continued during the Israeli war on the militant group in Gaza. An arrangement to assist establish nuclear power in Saudi Arabia might benefit the U.S. nuclear...

Electric Utilities

Southern Co's long-delayed Vogtle system 4 nuclear reactor goes into commercial operations

Southern Co's Vogtle unit 4 nuclear reactor has gone into business operation after years of running behind schedule, the utility company's Georgia unit said on Monday. The Vogtle two-unit growth task near Waynesboro, Georgia has actually been hailed as a major turning point for the U.S. nuclear power industry as they are the country's very first large-scale nuclear reactors in decades. Vogtle system 3 had gone into commercial operation in July 2023. WHY IT is very important U.S. power consumption is expected to increase to tape highs in 2024 and 2025, according to U.S. Energy Information Administration, driven by increasing...

Power Markets

Shoigu says Russia and allies need to step up military exercises in Asia

Russia and its allies in Asia needs to expand joint military exercises as they deal with a. direct hazard from attempts by the United States to expand its. security impact in the region, Russian Defence Minister. Sergei Shoigu stated on Friday. He was speaking at a meeting of the Shanghai Cooperation. Organisation (SCO), a security organizing that includes Russia,. India, China, Iran, Pakistan, Kazakhstan, Uzbekistan, Kyrgyzstan. and Tajikistan. I believe that everyone present shares the opinion that the. release of military facilities in the area by the. United States and its allies is inappropriate, Shoigu said. Such objectives should be...

Europe

Nuclear Power

Prices mainly firm on less wind, increasing gas prices

European area power prices were mixed on Monday, reducing in Germany however firming in France, driven by rising solar but lower wind power output, while a dive in gas prices provided additional support. German baseload power for Tuesday was at 114.75 euros per megawatt hour (MWh) by 1015 GMT. The equivalent French agreement was at 40 euros/MWh. Monday's prices settled at 117.14 euros/MWh and 27.75 euros/MWh respectively in the day-ahead auction on the Epex Area exchange. While French prices continue to be pressed by heavy hydro generation and export restraints, in other places in north-west Europe, stronger need, lower wind...

Environment

Monday prices untraded with German renewables in focus

European electricity costs for Monday were untraded on Friday, with lower demand and increasing wind power levels anticipated to weigh on prices. The renewables scenario is set to enhance on Monday compared to Friday, LSEG expert Marcus Eriksson stated. The German and French Monday baseload power costs were untraded at 0808 GMT. German wind power output is forecast to increase by 3.2 gigawatts (GW) from Friday to 11.9 GW on Monday while wind power in France is expected to fall by 4 GW to 2.5 GW, LSEG information programs. German solar supply is likewise forecast to include 3.2 GW to...

Environment

NORDIC POWER-Front-quarter rates slip on wet weather condition view, increasing water levels

Nordic frontquarter power prices fell on Thursday, weighed down by wetter weather forecasts and rising water levels in the hydropowerreliant area. * The Nordic front-quarter contract declined by 0.33 euros or 0.88% to 37 euros per megawatt-hour (MWh) by 11:02 GMT. * The Nordic front-year baseload power contract edged up by 0.25 euros or 0.53% to 47.5 euros/MWh. * Projections forecast above-average rainfall beginning next Monday, extending into late June. In addition, the inflow to the water reservoirs for recently was higher than forecasted, said Oletom Djupskaas, a power analyst at LSEG. * Nordic water reserves available 15 days ahead...

Western Europe

North Asia

Energy Markets

Iran's near-bomb-grade uranium stock grows, talks stall, IAEA reports say

Iran is improving uranium to near weaponsgrade at a steady pace while conversations aimed at improving its cooperation with the U.N. nuclear guard dog are stalled, two confidential reports by the guard dog showed on Monday. The International Atomic Energy Firm faces a variety of difficulties in Iran, including the reality it just executed a little portion of the actions IAEA chief Rafael Grossi thought it committed to in a Joint Declaration on cooperation last year. There has actually been no development in the previous year towards carrying out the Joint Statement of 4 March 2023, among the 2 reports...

Natural Gas

NORDIC-POWER-Forward rates firm on drier weather view, lower water levels

Nordic power prices acquired on Thursday, supported by drier weather forecasts and lower water reserves in the hydropowerreliant area, while greater German power and European gas markets added to the upbeat mood. * The Nordic front-quarter agreement rose 1.15 euros to 38.70 euros per megawatt hour (MWh) at 1138 GMT. * The Nordic front-year agreements got 0.65 euros to 46.10 euros/MWh. * The rates are up since the weather report are drier again, which leads to a worsening of the hydro scenario, stated Oletom Djupskaas, a power analyst at LSEG. * In addition to drier weather, German prices are somewhat...

Oil & Gas

NORDIC POWER-Forward costs increase on drier weather view, higher fuel prices

Nordic forward power rates increased on Monday, with frontquarter agreement striking a more than onemonth high, assisted by drier weather report in the hydropowerreliant region, higher spot prices and more powerful fuel markets. * The Nordic front-quarter contract climbed 2.1 euros to 35.80 per megawatt-hour (MWh) by 1152 GMT. * The Nordic front-year contracts got 0.75 euro to 45.00 euros/MWh. * The strong spot rates and we are reacting to the very strong market in the continent energy space and I think gas is the primary driver here, said Axel Weyler, an originator at Entelios Trading AB. * Carbon front-year...

Environment

NORDIC POWER-Forward costs set for weekly get on dry spell forecasts

Nordic power costs were headed for weekly gains, supported by a decrease in water reserves and expectations of drier weather condition till about midMay in the hydropowerreliant region, while greater rates throughout continental power rates likewise lent assistance. * The Nordic front-quarter contract fell 0.1 euro or 0.3% to 34.6 per megawatt-hour (MWh) by 1156 GMT. However, the agreement was set to post an approximately 18% week-on-week gain - its biggest weekly dive in more than 3 months. * The Nordic front-year contracts were stable at 44.60 euros/MWh, headed for a nearly 4% weekly increase. * The weekly uptrend is...

Fossil Fuels

UAE preparing second nuclear power plant, sources say

The United Arab Emirates will tender quickly for the building and construction of a new nuclear power plant that would double the variety of the little Gulf state's. nuclear reactors, 3 sources knowledgeable about the matter said. The UAE, a U.S. security partner, ended up being the very first Arab. state to operate a nuclear reactor when in 2021 it opened in. the South Korean-built Barakah center in Abu Dhabi. The UAE plans to look for bids this year, possibly within the. next few months, to construct 4 brand-new reactors, the sources with. direct knowledge of the matter stated, asking...

Nuclear Power

NORDIC POWER-Forward prices gain on below-normal rainfall outlook

Nordic forward power rates extended gains on Tuesday as rainfall levels were seen at below-normal levels in the hydropower-dependent region, with strong European gas and power markets offering extra support. * The Nordic front-quarter agreement rose 2.05 euros or 6.51% to 33.55 euros per megawatt-hour (MWh) by 1059 GMT, on track for its best day considering that Feb. 28. * The Nordic front-year baseload power agreement gained 1.26 euros or 2.92% to 44.4 euros/MWh. ** The front-quarter agreement increased for the fourth straight session, while the front-year rose for the ninth. * Dry and cold weather raised the front-quarter contract,...

Energy Markets

NORDIC POWER-- Forward rates eye weekly gains on higher European gas, drier weather view

Nordic forward power costs increased on Friday, with both agreements on track for weekly gains, helped by greater European energy costs and projections for lower precipitation in the hydropowerdependent region. * The Nordic front-quarter contract rose 1.63 euros to 29.63 euros per megawatt-hour (MWh) by 1147 GMT. * The contract was up over 15% so far this week, on track for its finest week since early March. * The Nordic front-year baseload power contract acquired 1.1 euros to 41.9 euros/MWh. The contact was on track to mark its finest week in almost 4 months. * We have actually seen a...

Electric Utilities

NORDIC POWER-Forward rates increase on greater continental power prices

Nordic forward power rates rose on Tuesday, assisted by strong European gas and power markets, while a forecast for less rainfall in the hydropowerreliant region added more support. * The Nordic front-quarter contract increased 0.65 euros to 27.20 euros per megawatt-hour (MWh) by 1121 GMT. * The Nordic front-year baseload power agreement acquired 0.4 euro to 39 euros/MWh. * There was assistance in the prices due to really stong continental power market with aid from gas and EUAs (European. Union auctions) triggered by the excellent US stat on Friday (US. tasks data) and good manufacturing numbers from Germany, said. Axel...

Energy Markets

Russia says it is thinking about putting a nuclear power plant on the moon with China

Russia and China are considering putting a nuclear reactor on the moon from 203335, Yuri Borisov, the head of Russia's area firm Roscosmos said on Tuesday, something he said might one day permit lunar settlements to be constructed. Borisov, a previous deputy defence minister, stated that Russia and China had been collectively dealing with a lunar program and that Moscow had the ability to contribute with its proficiency on nuclear area energy. Today we are seriously thinking about a project - someplace at the turn of 2033-2035 - to deliver and set up a. power system on the lunar surface...

Nuclear Power

NORDIC POWER-Front-quarter rates edge up on cooler weather report

Nordic frontquarter power costs inched higher on Thursday as a cold and dry weather condition view lifted the need outlook in the hydropowerreliant area, while weaker European energy rates capped even more upside. * The Nordic front-quarter agreement increased 0.02 euros to 36.75 euros per megawatt-hour (MWh) by 1158 GMT. * The Nordic front-year baseload power contract was little altered at 39 euros/MWh. * In spite of falling gas and continental power market, bullish weather stays the main chauffeur for Nordic costs, stated Sigve Ekeland, managing director at Cemon AS, said. * Dutch and British wholesale timely gas prices mostly...

Power Markets

Russia states Ukraine struck nuclear plant, Kyiv rejects it was behind the attack

Russia stated Ukraine struck the Zaporizhzhia nuclear power station managed by Russian forces 3 times on Sunday and required the West respond, though Kyiv said it had absolutely nothing to do with the attacks. The International Atomic Energy Agency, which has experts at the website, stated it was the very first time the nuclear plant, Europe's. biggest, was straight targeted given that November 2022 and said the. attack had actually threatened nuclear safety. Russian forces took control of the plant in 2022 shortly. after their full-scale intrusion of Ukraine. Both Moscow and Kyiv. have repeatedly accused each other of running...

Power Markets

Ukraine anticipates power exports to resume on Wednesday, ministry says

Ukraine expects substantial electrical power exports to rebound on Wednesday, however the volumes are still well below levels prior to Russia's current missile attacks on the Ukrainian power system. Ukraine's energy ministry stated. Ukraine's electrical power imports reached a record high at the end on March after a string of Russian missile strikes on crucial facilities caused blackouts in lots of regions. The attacks, the biggest of which came on March 22, have triggered major damage to creating and transmission facilities, requiring Kyiv to halt power exports and depend on imports. No scarcity of electrical power is anticipated. Ukraine's energy...