A project to deploy the first NuScale 462-MWe VOYGR-6 nuclear power plant in Romania by 2029 has garnered a $275 million public-private funding commitment from the U.S., Japan, South Korea, and the United Arab Emirates (UAE) as part of a global infrastructure partnership. The Romanian project may be bolstered by an additional $4 billion outlined in letters of interest issued by the U.S Export-Import Bank […]
Growth Slows, but U.S. Renewable Energy Installs at Third-Highest Level in 2022
The American Clean Power Association (ACP) in a new report said installations of energy storage, along with wind and solar power capacity, were at the third-highest level on record in 2022, with more than 25 GW of new clean power installed cross the U.S. But challenges to clean energy deployment remain. The group’s “Clean Power Annual Market Report for 2022,” released Monday along with ACP’s […]
Saudi Arabia Group Supports Renewables, Hydrogen Projects in Uzbekistan
A Saudi Arabian energy group has signed agreements with officials from Uzbekistan to help the latter country increase its use of renewable energy resources and develop production of green hydrogen. ACWA Power, which develops power generation and other industrial projects, and Uzkimyosanoat (UKS), the national holding company for chemicals in Uzbekistan, announced the deals during the EBRD 2023 Annual Meeting and Business Forum in Samarkand, […]
Oklo’s Next Two Nuclear Power Plants Planned for Southern Ohio
Advanced nuclear reactor technology firm Oklo will build its second and third commercial 15-MWe Aurora Powerhouse reactors on land owned by the Southern Ohio Diversification Initiative (SODI), a community reuse organization tasked by the Department of Energy (DOE) to re-industrialize land around the Portsmouth Gaseous Diffusion Plant (PORTS) just south of Piketon, Ohio. Oklo on May 18 announced it signed an agreement for land on […]
Solenoid Valves: Choosing the Right Option for Power Generation Applications
Solenoid valves play a crucial role in power generation applications, providing reliable and efficient control over fluid and gas flow. Their ability to operate quickly and precisely makes them indispensable in power plants, ensuring seamless operations and enhanced safety. In this article, we will look into the fundamentals of solenoid valve operation, explore their significance in power generation, and discuss how to choose the right […]
TVA Head Wants Nothing to Do with Building One Reactor Unless He Can Build 20
Building a nuclear power plant is a difficult job. It takes years of planning and sometimes more than a decade to complete. The risk of schedule delays is great, especially on first-of-a-kind projects, and the financial implications of such setbacks can ruin a company. Yet, the Tennessee Valley Authority’s (TVA’s) president and CEO, Jeff Lyash, suggested the risk is worth taking, that is, if lessons […]
Siting a Nuclear Power Facility Is Both Art and Science
With governments and industry engaging more frequently and decisively on how nuclear energy can help meet their climate, electrification, and economic goals, attention is now turning to how we get the needed capacity built. While extending the operating lives of existing nuclear plants, some countries will need to build new nuclear capacity to meet their goals. But siting new commercial nuclear power plants is a […]
How Off-Grid Solar-Powered Electrification Can Drive More Revenue for Agriculture
As the U.S. pushes to reduce greenhouse gas emissions by 50% by 2030, reaching that goal will require effort from all industry sectors. While transportation, electricity production, industrial manufacturing, and heating and cooling generate the majority of U.S. emissions, addressing the 11% contributed by agriculture is also critical to mitigating climate change impacts. COMMENTARY One way the industry can help reduce emissions is by electrifying […]
Powered Up—Taking Financial Viability of Solar to Next Level with Carbon Credits
Despite recent economic slowdowns, the global voluntary carbon credit market has nearly quadrupled since 2020, reaching a value of about $2 billion. COMMENTARY California, leading the way in the U.S. market, is again pushing for more action to combat climate change by implementing a grant program of $200 million for remote and disadvantaged communities to implement renewable energy systems. With the cost of solar decreasing […]
NEI Head: ‘This Is the Biggest Moment for Nuclear Energy Since the Dawn of the Atomic Age’
“Everywhere we look, we’re seeing demand surging,” Maria Korsnick, president and CEO of the Nuclear Energy Institute (NEI), said. “When we talk about demand for nuclear, we’re talking about the future of our planet, the future that our children will inherit.” Korsnick spoke those lines on May 15 as part of her “State of the Nuclear Industry Address” to open the Nuclear Energy Assembly, an […]