Our new episode of Energy Evolution discusses the current hype over nuclear power and whether the industry can deliver, with great insights from colleagues @abbiebennett.bsky.social and Bill Freebairn, Adam Stein of BTI and Entergy CEO Drew Marsh.
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US government partnering with Brookfield Asset Management & nuclear industry firms to build "at least" $80 billion in new nuclear reactors across the country. The projects will be funded through a trade agreement with Japan, according to the White House. 🔌💡
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ICYMI: SC utility Santee Cooper took initial steps to select Brookfield Asset Management/Westinghouse to purchase/complete two unfinished reactors at the VC Summer nuclear plant. Utility leaders said there will be no additional cost to SC ratepayers. 🔌💡
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NextEra Energy could restart its shuttered Duane Arnold nuclear plant in Iowa as soon as the end of 2028, executives said Oct. 28, to support a 25-year deal to supply power to Google cloud, AI services. 🔌💡
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Delays to renewables and acceleration of gas capacity additions in Duke Energy's latest proposed resource plan for the Carolinas have clean energy and consumer advocates sounding alarms over reliability, emissions & costs.
Plus, some potential new nuclear. 🔌💡
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Two Canadian government funds announced a commitment to help finance a small modular nuclear reactor project at Ontario Power Generation Inc.'s Darlington site with a total investment of up to C$3 billion. 🔌💡
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Four nominees to the Tennessee Valley Authority board told US senators they would support new advanced nuclear development for the federal power provider to meet forecast demand. 🔌💡
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Duke is eying large-scale #nuclear as part of the options to meet anticipated electricity demand that is eight times the rate of the previous 15 years
NIce read from @abbiebennett.bsky.social
SC utility Santee Cooper took initial steps to select Brookfield Asset Management to purchase and complete the two unfinished reactors at the V.C. Summer nuclear plant. Utility leaders said there will be no additional cost to South Carolina ratepayers. 🔌💡 www.spglobal.com/market-intel...
Interest in advanced nuclear developers in the US is accelerating as data center demand grows, but the nascent sector's next steps hinge on reactor technologies, hyperscaler capital plans and policy support.
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Investments by private equity and venture capital are pouring into advanced nuclear technologies, financial executives said at the Atlantic Council Nuclear Energy Policy Summit, though challenges to carrying out these projects persist. 🔌💡
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The US Energy Department expects data center demand to account for 7% to 12% of the nation's electricity by 2028. If nuclear power is to grow to meet that demand, developers will need to use iterative designs and secure large-scale financing, experts say. 🔌💡
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ICYMI: Duke Energy is delaying some renewable additions such as solar and wind while boosting gas-fired assets and weighing a possible large-scale nuclear reactor, according to its latest Carolinas Resource Plan. 🔌💡
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Investors are closely watching data center demand growth and how power providers are rising to meet it, though hyperscalers' need for speed may outstrip many options, panelists at the S&P Global Data Center and Energy Innovation Summit in DC said this week. 🔌💡
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New: Interest in advanced nuclear developers in the US is accelerating as data center demand grows, but the nascent sector's next steps hinge on reactor technologies, hyperscaler and policy support. 🔌💡
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New: TVA has had 272 more nuclear outage days so far than by this same point last FY, driving up fuel & purchased power costs and leading the federal power authority to lean on fossil fuels. 🔌💡
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Happening now: House Oversight subcommittee hearing, "The New Atomic Age: Advancing America's Energy Future." 🔌💡
www.youtube.com/watch?v=b7Oy...
Republican leadership in the North Carolina legislature will look to overturn several of Gov. Josh Stein's vetoes next week, including broad energy legislation. 🔌💡
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South Carolina public utility Santee Cooper has narrowed the list of candidates to restart its abandoned nuclear units at the V.C. Summer plant. 🔌💡
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The US Nuclear Regulatory Commission has accepted the TVA's construction permit application to build what could be the first utility-scale small modular nuclear reactor in the country. 🔌💡
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ICYMI: A nominee to the US Nuclear Regulatory Commission told senators that a member of DOGE has been assigned to the agency to oversee President Donald Trump's reform efforts at the independent agency. 🔌💡
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ICYMI: NY Gov. Kathy Hochul directed the NYPA to develop and construct an advanced nuclear plant to improve state grid reliability. It could be the first new nuclear facility in the state in decades. 🔌💡
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ICYMI: A Texas company co-founded by former US Energy Sec Rick Perry plans to build the "world's largest" advanced energy and AI campus, featuring four 1-GW nuclear reactors, gas generation and solar. 🔌💡
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Google has signed an agreement to purchase 200 MW from Commonwealth Fusion System's planned nuclear fusion power plant in Virginia, and is deepening its stake in the company. 🔌💡
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The US Energy Dept issued an emergency order to allow Duke Energy's Carolinas subsidiary to operate some power plants beyond permitted emissions limits to reduce the risk of outages during a heat wave across the Southeast this week. 🔌💡
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Clean energy trade groups and developers remain optimistic the Senate will soften House Republicans' aggressive phaseout approach to the Inflation Reduction Act's green energy tax incentives.
Meanwhile, major careveouts for nuclear incentives. 🔌💡
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US Energy Secretary Chris Wright urged the nuclear power industry to shift gears, become more aggressive and position the technology as a solution to accelerating electricity demand at NEI's policy forum this week.
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The Tennessee Valley Authority submitted a construction permit application for a small modular nuclear reactor to the US NRC for what could be the first utility-scale SMR in the US.
TVA's application is for the GE-Hitachi BWRX-300 design.
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The House Ways and Means Committee's budget reconciliation bill puts tax credits and other key benefits for nuclear power into question at a pivotal moment for the industry, nuclear advocates, developers and operators said. 🔌💡
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Advanced nuclear developer NuScale Power Corp. expects a "firm customer order" for its SMR technology in 2025.
"I just want to get one hard contract right now," President and CEO John Hopkins said. "One, to showcase to the world." 🔌💡
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