Nuclear Power








Asia

North America

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...

Energy Markets

Big Tech invests in next-generation nuclear power as AI demand soars

Big Tech has reshaped the funding landscape of new nuclear technologies. It is seeking to boost electricity supply for power hungry AI data centers. Deals are being signed that offer both?funding for nuclear companies and a more clear path to make money. A number of?U.S. The U.S. is developing modular reactors which are smaller, more advanced and more scalable than conventional nuclear power plants. But no commercial electricity has been produced yet due to challenges like financing and unique risks. The sector is gaining momentum due to the need to provide enough energy to power the data centers in the...

Environment

New Jersey ends de-facto nuclear power plant moratorium

New Jersey lifted its de-facto moratorium on nuclear energy on Wednesday in the state. The state is grappling with some of the fastest-rising power bills in the United States. Electricity demand is outpacing the addition of new supply. Sherrill’s office released a statement that said the Governor signed legislation to remove a permit requirement that had effectively prohibited nuclear power development for decades. The law required a method for radioactive waste disposal that was unattainable. Instead, the state will issue permits for radioactive-waste storage that comply with federal nuclear regulations. Sherrill, who won the top government position in January after...

Power Markets

US nuclear regulator ends agency-led drills at plants

Last week, the U.S. Nuclear Power Regulator voted to phase out agency-led inspections of operating reactors. A safety advocate criticized this move as a failure on the part of government responsibilities to protect Americans against attacks 'on the plants. On Friday, the Nuclear Regulatory Commission announced that it had voted to phase-out "force-on force" inspection programs. This was a program in which the agency controlled mock commando attacks to test for potential vulnerabilities at nuclear plants. After the attacks of September 11, 2001, Congress strengthened the program to require inspections at all nuclear plants every three years. The move is...

Power Markets

California's final nuclear power plant to operate until at least 2030

The governor of California, the largest state in the United States, announced on Thursday that federal regulators had approved an operating license extension for the last nuclear power plant still standing in the state. Under'state law, it can run until at least '2030. PG&E Diablo Canyon Nuclear Power Plant, located on California's Central Coast, was originally scheduled to close in?2025. However the plant which contributes 10% of 'the state's overall electricity has remained operational despite 'rising demand and rising power bills' California Governor Gavin Newsom stated that the renewed federal licenses will allow Diablo Canyon to continue providing a 24/7...

Power Markets

CERAWEEK-Constellation exec says grid operator told company Three Mile Island can't connect until 2031

The U.S. grid operators PJM and Constellation Energy have told Constellation Energy that the former 'Three Mile Island Nuclear Power?plant in Pennsylvania will likely not be able connect to the grid before 2031. This is four years later than originally planned. Constellation has been working on a plan to restart operations at the nuclear plant, which will be renamed as the "Crane Clean Energy Center" to provide electricity to Microsoft's data centers. Constellation's chief?external? affairs and growth officer, David Dardis said that the company would?be able to produce electricity by the earlier goal and is?talking with grid operator PJM to...

Fossil Fuels

Trump: Iran's gift to US was 10 oil tankers allowed through Hormuz

Donald Trump, the U.S. president, said 'on Thursday that Iran is allowing 10 'oil tankers to transit the Strait of Hormuz as a 'goodwill gesture during negotiations. Trump's comments were made at a Cabinet Meeting in the White House. He elaborated on what he previously called a "present from Iran". Trump said, "They'said', to show that we are real and solid, we will let you have eight boats of oil. Eight boats, eight large boats of oil." "I 'guess they were real, and they were'real. I think they were Pakistani flagged." It turned out to be 10 boats." The White...

Oil & Gas

Constellation's executive claims that grid operator told the company Three Mile Island cannot be connected until 2031

The U.S. grid operators PJM and Constellation Energy have told Constellation Energy the 'former Three -Mile Island nuclear /power?plant' in Pennsylvania will likely not be able connect to the grid before 2031. This is four years later than originally planned. Constellation is working to restart operations at its nuclear power plant, which will be renamed Crane Clean Energy Center to "feed Microsoft data centres". Constellation's chief?external and growth officer, David Dardis said that the company will be ready to produce electricity at the plant before its goal of 2027. It is also in talks with the grid operator PJM interconnection...

Crude Oil

Oil prices rise as markets evaluate supply risks following Iran's refusal to engage in US-sponsored talks

Prices of oil rose on early Tuesday due to supply concerns. Iran denied that it had held talks with the United States in order to 'end the Gulf War,' contradicting President Donald Trump, who claimed a deal would be made soon. Brent futures increased $1.06 or 1.1% to $101 per barrel at 0001 GMT. U.S. West Texas Intermediate rose $1.58 or 1.8% to $89.71. Crude futures fell more than 10% Monday after Trump announced he ordered a delay of five days to the attacks he threatened against Iran's nuclear power plants. He also said that the U.S. held productive discussions...

Europe

Nuclear Power

Russian nuclear chief: the situation at Ukraine's Zaporizhzhia Nuclear Plant has reached a 'point without return'

According to the Rosatom head, the situation surrounding the Zaporizhzhia nuclear power plant in Ukraine has reached a "point of no return" because of the increased attacks by Ukrainian forces in the area. The Russian-installed managers at the nuclear facility, Europe's biggest with six reactors said Ukrainian forces attacked the facility for a third day in a row. Alexei Likhachev of Rosatom was quoted by Russian media as saying: "We're getting closer and closer towards the point of no return. And all of Europe needs to now exert efforts to de-escalate" the situation surrounding the Zaporizhzhia Nuclear Power Plant. "This...

Crude Oil

Copper falls to a one-week low due to weak China data

Prices of copper fell to a one-week low on Monday, as concerns about demand were exacerbated by weak economic data from China, the world's largest consumer and high oil costs. Benchmark copper on the London Metal Exchange traded 0.6% lower, at $13,470 per metric ton. This was a drop from a previous low of $13,394.5. It has fallen 5% since reaching a three-and-a half month high of $14196.50, last week. The traders said that the Chinese data triggered an unwinding of positions long - bets made on higher prices by funds and traders. China's industrial output data increased 4.1% from...

Nuclear Power

The head of the IEA warns that energy markets are heading into a 'troubled sea' as a result of the Iran war.

Fatih Bibil, the head of the International Energy Agency said that the 'war' in Iran continues to drain'millions' of barrels of 'oil every day. Brent oil futures fluctuated between $96 and $102 per barrel on Thursday, following mixed reports of an interim deal to end the war and possibly reopen Strait of Hormuz. This key trade chokepoint has been closed since the conflict began at the end of Feb. Birol warned that such volatility is likely to continue, and that the supply would return gradually once the war ended. He said that oil security would still be a major issue....

Western Europe

Middle East

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...

Energy Markets

Germany, France and UK warn Iran against attacks in the region

Germany, France, and Britain have condemned the 'Iranian' attacks on countries of?the?region on Saturday. They said that?Iran should halt its indiscriminate strikes and return to negotiations. In a joint press release, French President Emmanuel Macron, German Chancellor Friedrich Merz, and British Prime Minister Keir Starmer stated that they "condemn Iranian attacks against countries in the area in the strongest possible terms." "We urge the Iranian leadership to seek a negotiated resolution and call for a return to negotiations. "The Iranian people must be allowed to decide their own future", they stated. Leaders said that they have consistently called on Iran...

Power Markets

Lavrov warns Russia against any new US attack on Iran

In an interview published on Wednesday, Russian Foreign Minister Sergei Lavrov?said any new U.S. attack on Iran would have serious consequences. He called for restraint in order to find a solution that will allow Iran to pursue a peaceful nuclear programme. Lavrov's interview with Saudi Arabia's Al-Arabiya TV was broadcast a day after U.S. negotiators and Iranian negotiators met in Geneva for indirect talks to avert a new crisis between Washington, D.C. and Tehran. "The consequences of this are bad." Already, there have been attacks on Iran's nuclear sites under the control the International Atomic Energy Agency. Lavrov stated in...