Nuclear Power

Hungarian Foreign Ministry Peter Szijjarto told state news channel M1 on Wednesday that Hungary would start discussions on buying nuclear fuels from the United States in order to diversify its supplies. Szijjarto has been in Washington, D.C. since Tuesday. He said that Hungary needed more nuclear fuel for its expanding nuclear plant to meet its energy needs. It would continue buying nuclear fuels from Russia. Szijjarto said to state broadcaster M1 that "alongside the existing Russian suppliers relations, we are beginning consultations on purchasing nuclear fuel from the United States" in order to be capable of serving our increased nuclear...

Officials said that after a four-week power outage at Ukraine's Zaporizhzhia Nuclear Power Plant, repair work had begun on the damaged power lines off-site. IAEA Director-General Rafael Grossi stated that the work started after local ceasefire zones had been established to allow the repairs to progress. The plant produces no electricity at the moment, but it needs to produce power in order to keep fuel cool and prevent a meltdown. "Restoring off-site electricity is critical for nuclear safety and secure. Grossi wrote on the social media platform X that both sides had engaged with the IAEA in a constructive manner...

Chris Wright, the Energy Secretary of the United States, said that the Trump administration will start furloughing workers next week at the agency responsible for managing the U.S. arsenal of nuclear weapons due to the shutdown. Wright stated in a posting on X, that furloughs would affect National Nuclear Security Administration employees who are "critical for modernizing our nuclear weapons." The NNSA is a semi-autonomous department of energy that also works in Ukraine to protect dangerous nuclear materials as the war against Russia continues. About 2,000 employees supervise 60,000 contractors who maintain and test weapons in national laboratories across the...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Stellantis plans to invest $13 billion in order to produce more Jeeps, Dodge SUVs, and pickups in the U.S. The global automaker calls this the biggest investment it has ever made. Grindr confirmed Tuesday that it had received a note from Ray Zage, and James Lu. The letter expressed an interest in exploring whether the dating app could be taken private. - MGM Resorts International is no longer looking to turn its slot- and electronic-game-focused Empire City...

Iran is open to a "fair and balanced proposal" from the United States, but Tehran still hasn't received any negotiation proposal, said Iran's top diplomat on Saturday. Abbas Araqchi, Iran's foreign minister, told state TV that he would consider any American proposal for negotiation if it was reasonable, fair, and balanced. Araqchi, however, said that Tehran would not give up "its right to enrich uranium", but could take confidence-building steps regarding "the peacefulness of its nuclear program." Araqchi added that Washington and Tehran had been exchanging messages via mediators. Israel, the United States and its European allies accuse Tehran, of...

Holtec, a private nuclear power company, announced this week that it was abandoning a plan to store radioactive waste in New Mexico despite a U.S. Supreme Court decision in June which gave some hope for projects aiming at storing the material. The Supreme Court threw away a legal challenge in June by Texas, New Mexico, and some oil companies against the U.S. Nuclear Regulatory Commission’s licensing of nuclear storage projects in the drilling country. Some believed that this opened the door to temporary storage for these states. New Mexico lawmakers and the Governor Michelle Lujan Grisham are opposed to storing...

Gauss Fusion is a German tech company that announced on Thursday that it would hand over Europe's very first fusion plant design within 10 days to the German Chancellery. Milena Rodeda, CEO of Gauss Fusion, was to present the design during a climate conference hosted by Germany's BDI Industry Federation. This event is just a few days after the German Government announced a 2 billion euro Fusion Action Plan that will last until 2029. Why does it matter? Germany has said that it wants to go beyond basic research to adopt an industrial-led approach. It is positioning itself as the...

The founders Fermi America, a company that hopes to build the largest data center in the world and fuel it using nuclear power, solar, and gas, said on Wednesday, foreign countries may take an equity stake. Fermi made its Nasdaq debut on Wednesday, with shares valued at $14.8 billion. Investors are increasingly interested in AI infrastructure stocks. Founders Rick Perry and Toby Neugebauer, a former U.S. Energy Secretary in the first Trump administration, want to build a site near Amarillo in Texas that will have four Westinghouse Electric AP1000 nuclear reactors. This would be the second U.S. plant to be...

Duke Energy, a U.S. energy company, is looking at adding large nuclear reactors and extending some coal plants' lives as part of its long-term plan to meet the rapidly increasing electricity demand in the Carolinas. U.S. electric utilities are increasing their power infrastructure plans in order to accommodate the rapid growth of electricity consumption. This is driven by AI data centres, the electrification and modernization of buildings, transportation, as well as the resurgence of domestic manufacturing. Nuclear energy has been rediscovered due to the recent increase in electricity consumption. It produces electrons around-the clock that are almost carbon-free. Kendal bowman,...

The U.S. Department of Energy announced on Tuesday that it had selected Sam Altman's nuclear technology company Oklo as well as Terrestrial Energy TRISO X and Valar Atomics to be part of its new pilot project for advanced nuclear fuellines. The announcement is part of efforts by the Trump Administration to improve domestic supply chains of nuclear fuel, and to support the DOE Reactor Pilot Program which expects at least three reactors to reach criticality before July 4, 2026. After decades of stagnation in the U.S., nuclear power is on the rise again. This is due to the surge in...

NextEra Energy announced on Monday that U.S. Nuclear regulator approved the renewal of two units at its Point Beach Plant in Wisconsin for an additional 20 years. Nuclear Regulatory Commission has approved the extension of operations at Units 1, 2 and 3 through 2050 and 2030, respectively. After years of stagnation in the U.S., nuclear power is now gaining momentum. This is due to the surge in electricity demand for energy-hungry data centres and the electrification and transportation industries. On his first day in office, President Donald Trump declared an energy emergency. In late May, he signed executive orders that...

The Nuclear Company announced on Friday it had signed a strategic partnership with U.S. Steelmaker Nucor Corporation in order to support the domestic manufacturing and boost nuclear power supply chains. TNC, an American nuclear deployment company, announced that the companies would assess the use of NQA-1 and related infrastructure in gigawatt nuclear reactors according to the American Society of Mechanical Engineers certification standards. TNC stated that the partnership is in support of executive orders by President Donald Trump, which target 400 gigawatts of nuclear power (GW) by 2050. This includes construction of ten large-scale reactors within the next five year...

The Zaporizhzhia Nuclear Power Station in Ukraine has been reconnected to external power by engineers who repaired a damaged line of high voltage, the station's Russian-installed managers announced on Thursday. In the first weeks after the Ukraine war, Russian troops seized the plant, Europe's biggest with six reactors. The plant currently does not produce electricity but it needs external power in order to cool down the nuclear fuel, avoiding the possibility of a meltdown. The International Atomic Energy Agency, U.N. nuclear watchdog, has prioritized the safety of this site, given the nearby fighting. Russia and Ukraine have often accused each...

Officials said that a new Russian attack in the border region of Chernihiv, Ukraine, on Monday knocked power out to large areas of the northern part of the country. This included the main town near the decommissioned Chornobyl Nuclear Power Station. Chernihivoblenergo (the local power company) in the area said that the latest attack targeted an energy site but refused to identify it. Yuri Fomichev said that a part of Slavutych in Kyiv Region, located 45 km (28miles) west of Chernobyl, had lost electricity in the incident. The water supply system of the town was switched to reserve power, and...

The Kremlin announced on Monday that Russia is ready to expand its cooperation with Iran across all fields. Moscow maintains close ties with Tehran. It has condemned the U.S.-Israeli strikes against Iranian nuclear sites in early this year, which were conducted with the stated goal of preventing Tehran acquiring a nuke bomb. Iran denies building a nuclear weapon. Dmitry Peskov, the Kremlin's spokesman, was asked by reporters to comment on how Russia viewed events surrounding Iran's nuclear program and whether Moscow would strengthen ties with Tehran. "Russia is ready to expand its cooperation with Iran across all fields." "Iran is...

The U.N. nuclear watchdog announced on Thursday that the process of restoring external power had begun at the Russian-owned Zaporizhzhia Nuclear Power Plant in southeast Ukraine. This plant has been cut off from electricity for over two weeks. Rafael Grossi said that the process began after consulting with the authorities of Ukraine and Russia who are blaming each other for the destruction of external lines. In the first few weeks of the Kremlin invasion of Ukraine in February 2022, Russian forces captured the largest nuclear plant in Europe with six reactors. Although the plant does not produce electricity, both sides...

The U.N. nuclear watchdog's head said that he is discussing with Russia and Ukraine proposals to restore power off-site to the Russian Zaporizhzhia Nuclear Power Plant, and to reduce the risk of meltdown. In the first weeks after Moscow invaded Ukraine, Russian forces seized Europe's biggest nuclear plant with six reactors. Since September 23, the facility has not been able to access external power. This is the 10th time that the line has failed. The plant does not produce electricity but the fuel in its nuclear reactors are cooled using emergency diesel generators. Rafael Grossi said that the external line...

Rafael Grossi, chief of the U.N. Atomic Watchdog, said that Zaporizhzhia Nuclear Power Plant has been without power offsite for six days. Since the beginning of the conflict, the plant in southeast Ukraine was under Russian control. Both sides have accused each other of shelling the facility and compromising nuclear safety. Grossi, the director general of International Atomic Energy Agency (IAEA), wrote on X about his meeting with Ukrainian Foreign Minister Andrii Sbiha and their exchange of views regarding the plant. He also said that the IAEA is working to restore power. UKRAINE WANT TEMPORARY IAEA STEP-IN FOR PLANT Oleh...

Belarus has proposed to build a nuclear plant in the eastern part of the country, which could provide electricity to parts of Ukraine controlled by Russia. President Alexander Lukashenko announced this on Friday. Lukashenko brought up the idea with Russian President Vladimir Putin during Kremlin discussions in Moscow. Lukashenko used the same language as Moscow to describe the territory of Ukraine that was captured by Russia. The offer highlighted the close relationship between Putin and Lukashenko even though U.S. president Donald Trump pursues an incentive-based strategy to encourage the Belarusian leaders to release political prisoners and improve relationships with the...

Ilya Rebrov, the deputy director general of Rosatom's Chinese division, was quoted on Thursday as saying that Rosatom had made significant progress in placing bonds on the Chinese market. Interfax reported that Rebrov stated that a placement would take months or even weeks. He said that despite the "pressure" Russian industry was under, Rosatom managed to get a rating by a Chinese credit rating agency. It also took decisions which had brought it closer to its goal of being able raise debts in China. Atomenergoprom, Rosatom's power unit, received a "AAA" credit rating in April from China's Dagong Global Capital...

The International Atomic Energy Agency reported on Tuesday that its team, based at the Russian-controlled Zaporizhzhia Nuclear Power Plant in the southeast Ukraine, heard shelling near the plant and saw black smoke rising out of three locations nearby. IAEA released a statement saying that the team of the U.N. nuclear watchdog had been informed that several artillery shells were fired in an area 400 meters (437 yards), away from its offsite diesel fuel storage facility. The incident, which did not result in any injuries or damage to equipment, once again highlighted the dangers that nuclear security and safety face. IAEA...

The EU's highest court ruled on Thursday that the European Commission shouldn't have approved Hungarian aid to expand its Paks nuclear plant by a Russian firm, as the Commission hadn’t checked whether the contract complied with EU rules. As part of a bilateral agreement between Russia and Hungary regarding the peaceful use nuclear energy, Hungary awarded the contract directly to Nizhny Novgorod Engineering of Russia. The Russian government then provided Hungary with an official loan to help finance the majority of the construction of the new reactors. In 2017, the European Commission also approved the project. In 2018, Austria, a...

The Russian-installed management of the Russia-held nuclear plant in Ukraine announced on Saturday that Ukrainian drones had hit the roof at the Zaporizhzhia training centre. There was no damage to the building and there was no radiation increase. In a Telegram message, the administration stated that the strike took place about 300 meters (984 feet) away from a nuclear reactor. The statement stated that "This centre is unique - it houses the only full scale simulator of a nuclear reactor hall in the world, which is crucial for staff training." Although the station is Europe's largest nuclear power plant, with...

Kazatomprom announced plans on Friday to triple its exploration in Kazakhstan, and explore opportunities for international expansion, following recent agreements signed with Jordan and Mongolia. State-controlled company currently produces its uranium in Jordan, but last week signed an agreement with Jordan to develop the country's assets. "We have been recognized for our mining capabilities, which is why... we also look at opportunities overseas," Meirzhan Yossupov, Chief Executive of the World Nuclear Symposium held in London. Kazatomprom has also signed a deal with Mongolia's Mon-Atom, in addition to its Jordan agreement. Yussupov stated that his company was exploring other options. We...