Georgia Power has proposed raising rates by $224 million per year to fund two nuclear reactors at Plant Vogtle, near Augusta. The higher rate would translate to a 3% increase for typical residential customers.
The International Atomic Energy Agency released a publication ahead of the 26th United Nations Climate Change Conference outlining ways nuclear technology can be used to mitigate the effects of climate change on farming, emissions analysis, water resource management and ocean monitoring. The IAEA will release a report today about the role of nuclear power in the global transition to clean energy.
Kevin Marsh, former CEO and board chairman of SCANA, has been sentenced to two years in prison by a federal court and two years by a state court, to be served concurrently, for his involvement in the failed Summer nuclear plant expansion project in South Carolina. Marsh will begin his sentence in December and cases against other executives are pending.
Five sites are being considered to house the Spherical Tokamak for Energy Production plant, a prototype plant the UK will use to demonstrate the commercial viability of fusion energy. The sites include one in Scotland and four in England, and the project is expected to be completed in 2040.
Finland's green party has adopted a "more pragmatic" view on nuclear power and now supports its inclusion in the European Union's list of "sustainable" energy sources. Nuclear provides 30% of Finland's power and the country is working for carbon neutrality by 2035.
The energy crisis in Europe has countries paying high prices to meet power demand and it could have been avoided if leaders had taken a more measured approach to the clean energy transition, according to columnist Ariel Cohen. "Germany, despite all rationality, will [have] decommissioned nearly all its reactors next year," Cohen writes, noting that France is investing in nuclear power to address the shortage.
Canada-based uranium company Cameco has signed a non-binding memorandum of understanding with Terrestrial Energy to explore supplying uranium for the company's Integrated Molten Salt Reactor nuclear power plants. The IMSR is one of three small modular reactor designs in the running for use at Ontario Power Generation's Darlington Nuclear Generating Station.
Cryptocurrency mining requires a large, consistent energy supply, and nuclear power is a good solution because it is reliable and leaves a carbon small footprint, advise nuclear scientists Florent Heidet and Milos Atz. "Crypto-mining farms that use nuclear power, either through collocation with existing plants or by ownership of their own plants, would pay less for their carbon-free electricity than they would if they purchased carbon-intensive electricity from the grid," they write.
Marine Le Pen, a candidate for president of France, told RTL radio that if elected she will end subsidies for renewable energy and instead boost nuclear energy by funding upgrades to the country's nuclear fleet.
The Waste Isolation Pilot Plant in New Mexico announced it has finished excavating the Panel 8 nuclear waste disposal area. The area is expected to be ready for use next year, after air monitors are installed and the space has been wired for electricity.
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