Nuclear Power

Talen Energy, the U.S. energy company, is looking at alternative arrangements for supplying electricity to data centres after regulators rejected a plan that would have fuelled an Amazon data centre directly from Talen’s Pennsylvania nuclear plant. The prospect of striking direct deals with Big Tech data centers has sparked a huge interest in independent U.S. energy producers such as Talen. This is what has pushed the shares of these companies to new highs. Co-located arrangements in which power plants are located near or at the data centers could eliminate the year-long waiting times for connecting to the wider electrical grid....

Talen Energy, a utility, reported a first-quarter loss on Thursday. Higher interest and energy costs were to blame, and its shares fell 3.3% during premarket trading. Interest rates that are higher for longer burden utilities, as they make the cost of investing in power grids and infrastructures such as roads and bridges higher. Talen reported that its interest costs increased 25.4%, to $74 millions during the quarter. Total energy expenses also rose 10.8%, to $235,000,000. The loss for the quarter was also due to the absence of gains from the $650 million sale of a Data Center last year to...

Constellation Energy, the largest U.S. energy company, missed Wall Street's expectations on first-quarter profits. The major U.S. utility was hit by rising costs for building and operating its electricity infrastructure. Interest rates that are higher for longer can increase the cost of utilities and make it more costly to invest in electrical grid infrastructure. The net income of the company fell by around 87% compared to a year ago, and was $118 million for the quarter reported. Constellation Energy reported that interest expenses increased by nearly 15% compared to a year ago, to $146 millions in the quarter January-March. Total...

Constellation Energy, a U.S. utility, missed Wall Street's expectations for the first quarter profit on Tuesday. Higher operating and interest costs pushed its shares lower by nearly 5% during premarket trading. The net income of the company fell by around 87% compared to a year ago, and was $118 million for the quarter reported. The higher interest rates for longer can be a burden on utilities, as they make it more expensive to invest in critical infrastructure like electrical grids. Constellation Energy reported that interest expenses increased nearly 15% compared to a year ago, to $146 millions in the quarter...

Entergy, the U.S. electric company, is planning to upgrade its existing nuclear plants in the South of the United States while considering advanced nuclear technology. This was announced by executives on Tuesday. In recent years, U.S. Nuclear Power, which is almost carbon-free, has become increasingly popular, especially as Big Tech struggles to balance its growing electricity demands with climate-driven energy commitments. Entergy announced on a conference call with investors that it recently completed a refueling shutdown at its River Bend Nuclear Plant and is planning work to clear the site for the expansion of the 967 megawatt St. Francisville plant...

On Wednesday, the chief designer of China’s lunar exploration program accused the United States of interfering with Beijing’s efforts to cooperate in space programmes with Europe and other partners. Wu Weiren told foreign media in a rare, exclusive interview that China had a policy of "open space diplomacy" in contrast to the U.S. and was open to cooperating with both developing and developed nations on lunar exploration. Wu said that the International Lunar Research Station, an initiative led jointly by Russia and China, to establish a permanent lunar base by 2035 was progressing well. Already, 17 countries and organisations have...

OpenAI CEO Sam Altman is stepping down as chairman of Oklo's nuclear technology startup, opening the door to a possible tie-up. Shares of Oklo fell more than 11 percent in Tuesday's extended trading. Jacob DeWitte will become chairman of Oklo, the company that aims to build its first small nuclear reactor module by 2027. Caroline Cochran said that the startup would continue to "explore potential strategic partnerships with OpenAI and other leading AI companies", in a press release. Altman's AltC Acquisition Corp., a special purpose acquisition corporation, will acquire Oklo in the U.S. by May 2024. After decades of stagnation...

The Energy Department announced on Tuesday that a Michigan nuclear reactor, which hopes to be the United States' first to restart after permanent shutdown, has received approximately 10% of the $1.52 billion U.S. funding approved during former president Joe Biden’s term. The Department's Loan Programs Office approved the disbursement of nearly $47 Million of the loan guarantee for the Palisades Nuclear Plant Holtec Inc hopes will reopen this year. The loan guarantee, which was approved by Biden's administration, was a conditional loan that was made to Palisades. This was the second time the Trump administration has disbursed money. The original...

Iranian state media reported that Iranian Foreign Minister Abbas Araqchi arrived in Moscow on Friday to deliver to Russian President Vladimir Putin a message sent by the Islamic Republic's supreme leader Ali Khamenei. U.S. president Donald Trump has repeatedly warned Iran of bombings and secondary tariffs, if Tehran fails to reach an agreement with Washington regarding its disputed nuclear programme. The United States have also moved additional warplanes in the region. Both sides characterized the U.S.-Iran talks held in Oman at the weekend as constructive and positive. Araqchi stated on Wednesday, ahead of the second round of negotiations that will...

The Russian Defence Ministry announced on Thursday that Russian air defence systems intercepted or destroyed 71 Ukrainian drones in six Russian regions over the course of one night. The majority of drones, 49, were brought down in the Kursk area, while others fell in Oryol and Ryazan regions, Bryansk and Vladimir, Tula, or Oryol. According to a Telegram statement, authorities in the Ivanovo Region of Russia, located east of Moscow said that Ukrainian drones attacked the town Shuya but no injuries or damages were caused. Shuya is under attack for the second time in a week. It is located around...

The U.S. Energy regulators denied this week a request for reconsideration of a decision which prevented an Amazon datacenter, directly connected to a Talen Energy Nuclear Power Plant in Pennsylvania, to increase its power usage, according to government filings. Big Tech's race for massive amounts of energy to fuel their AI data centers led to new arrangements with power companies. These included so-called "co-located" deals where giant computer warehouses were powered directly from the power source. These arrangements promise to accelerate the artificial intelligence expansion of the technology industry by eliminating the wait time to connect to a broader grid....

On Thursday, the administration of Donald Trump announced that it had identified 16 sites in the United States Energy Department where data centers and energy plants could be built to support artificial intelligence. Why it's important The rapid growth of AI has led to the first surge in U.S. electricity demand in 20 years, sending Big Tech companies and utility companies scrambling for new data centers and energy plants. DOE stated that the potential sites were positioned to allow rapid construction of data centers, with in-place infrastructure and the ability for fast-tracking permits for new energy production such as nuclear...

Brazilian President Luiz Inacio Lula da Silva, who met with Russian counterpart Vladimir Putin on Friday in Moscow, criticized the U.S. president Donald Trump's policies regarding trade and tariffs. He said that they were harmful to multilateralism. Lula is visiting Russia to celebrate the 80th anniversary since the Soviet Union defeated Nazi Germany during World War Two. Russia celebrated this milestone on Friday. Major Military Parade Also in attendance was Chinese President Xi Jinping. "The recent decisions of the U.S. President to unilaterally impose tariffs on all trade with countries around the world undermines the great idea? "Free trade and...

Donald Trump, the U.S. president, said that he will speak with Vladimir Putin of Russia on Tuesday to discuss ending the Ukraine conflict. The question of who controls the Zaporizhzhia Nuclear Power Plant is likely to play a major role in the discussions. Russia and Ukraine accuse each other of drone attacks and military activity around Zaporizhzhia - Europe's biggest nuclear plant - and the International Atomic Energy Agency (IAEA) has warned about the dangers of a catastrophe there for years. The plant is located 500 kilometers (300 miles), away from the site where the 1986 Chornobyl nuclear disaster, which...

The U.N. nuclear monitors arrived in Ukraine on Saturday for the first ever time via Russian territory at the Zaporizhzhia Nuclear Power Plant, which is owned by Russia. The IAEA's rotation was delayed for weeks by military activity on the site. Each side blamed the other, claiming that the rules were not followed to ensure the safety of the team. In a video posted on Telegram, Yuri Chernichuk said that it was important for the route to pass through Russian territory. He added that the arrival of three inspectors was guaranteed by Russia's Defence Ministry and National Guard and came...

An industry source said on Wednesday that the Ukrainian parliament will vote on a bill next week to allow for the construction and startup of two new nuclear power plants. This would help support Ukraine as it is constantly under attack by Russian missiles. Ukrainian energy officials said that the new reactors would be built at Khmelnytskyi Nuclear Power Plant in western Ukraine, and will be equipped with Russian designed equipment which Kyiv is looking to import from Bulgaria. The Ukraine planned to sign an agreement last June with Bulgaria to purchase two nuclear reactor bodies to compensate for the...

Russiainstalled authorities in Ukraine's partlyoccupied Zaporizhzhia region stated Ukrainian drones on Wednesday assaulted Enerhodar, a city serving the Russianheld Zaporizhzhia nuclear power plant. Russia seized the nuclear plant, Europe's biggest with 6 reactors, in the early days of the war and each side has because implicated the other of staging periodic attacks on the facility. Russia-installed regional authorities have actually reported attacks on Enerhodar, particularly on 2 electrical power substations nearby. Russian media quoted the city's authorities as stating at least 4 drones had actually attacked Enerhodar. It stated there were no casualties and no details on damage were offered....

The U.N. nuclear watchdog's. 35nation Board of Governors passed a resolution on Thursday. condemning attacks on Ukraine's energy facilities, but. stopping working to discuss Russia as the perpetrator. Ukraine called Thursday's emergency International Atomic. Energy Agency (IAEA) Board conference to talk about a wave of attacks. on Nov. 28 that Russia released on its energy infrastructure,. triggering deep power cuts throughout the nation. The drone and rocket attacks strike electricity sub-stations. used by 3 of Ukraine's nuclear reactor to get and. transfer off-site power, which is vital to their security since. that power is necessary to cool their nuclear fuel...

A drone hit and seriously damaged an official car of the International Atomic Energy Agency on the roadway to Ukraine's Russianheld Zaporizhzhia nuclear power plant on Tuesday, the agency's head said. There were no casualties and the teams are safe, Rafael Grossi, director general of the U.N. nuclear guard dog, said in a. video published on X. Ukrainian President Volodymyr Zelenskiy said the strike was. a purposeful Russian attack that showed Moscow had overall. disregard for worldwide law and institutions. Moscow made no. instant declaration after the occurrence took place. I condemn in the most firm terms this attack on...

Iran is drastically. accelerating its enrichment of uranium to as much as 60% pureness,. near the roughly 90% level that is weapons grade, U.N. nuclear guard dog chief Rafael Grossi informed Reuters on Friday. The International Atomic Energy Firm later validated in a. private report to member states that Iran was accelerating. uranium enrichment, a process that refines the raw material so. that it can be utilized as fuel in civil nuclear power generation. or, potentially, nuclear weapons. The IAEA findings will deepen alarm in Western nations. that say there is no reason for enhancing uranium to such. a high...

The United States is ruling out going back to Ukraine the nuclear weapons it quit after the Soviet Union collapsed, White House national security consultant Jake Sullivan said on Sunday. Sullivan made his remarks when questioned about a New york city Times article last month that stated some unknown Western officials had actually suggested U.S. President Joe Biden could offer Ukraine the arms before he leaves workplace. That is not under factor to consider, no. What we are doing is surging different traditional capabilities to Ukraine so that they can effectively safeguard themselves and take the battle to the Russians,...

Below are crucial passages from a. resolution on Iran that diplomats said the International Atomic. Energy Firm's 35nation Board of Governors passed at a. quarterly meeting on Thursday night. The Board of Governors ... ( d) Noting the Director General's deep concern that. undeclared nuclear material had actually been present at several. undeclared areas in Iran which its present place( s). are not known to the Company, and his evaluation that nuclear. product used in Iran was not stated as needed under Iran's. NPT Safeguards Contract, ... ( g) Recalling the Board of Governors' resolutions of 19 June. 2020 ...,...

Hungary's government has sent an expense to parliament to allow a change of its nuclear plant contract with Russia and raise the prepared cost of the construction task if called for, according to the legislation published on parliament's website. The expense, dated Nov. 19, says the objective is to enable the building of the 2 new atomic power plants at Paks to continue smoothly. The project was granted in 2014 without a tender to Russian nuclear giant Rosatom, and has been delayed by years. The project is often mentioned as an indication of continuing close ties in between NATO and...

Russia's state nuclear corporation Rosatom, the world's largest provider of enriched uranium, said on Monday it was providing uranium to all of its consumers as normal which materials to the United States could take place under a special regime. Russia stated on Friday that it had actually imposed momentary constraints on the export of enriched uranium to the United States in action to U.S moves. Uranium rates rose on the choice. In May, President Joe Biden signed into law a restriction on Russian enriched uranium, though the U.S. likewise has the capability to provide waivers if there are supply concerns....