Projects selected for tax credits under the Qualifying Advanced Energy Project Tax Credit (48C), funded by President Biden’s Inflation Reduction Act, span across large, medium, and small businesses and state and local governments, all of which must meet prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.

The U.S. Department of Energy (DOE) today announced up to $6 billion for 33 projects across more than 20 states to decarbonize energy-intensive industries, reduce industrial greenhouse gas emissions, support good-paying union jobs, revitalize industrial communities, and strengthen the nation’s manufacturing competitiveness.

The project aims to bring back online the Palisades Nuclear Plant, which ceased operations in May 2022, and upgrade it to produce baseload clean power until at least 2051, subject to U.S. Nuclear Regulatory Commission (NRC) licensing approvals.

Germany would significantly increase research funding for fusion with an additional EUR370 million (USD403 million) over the next five years.

Brent rose 20 cents, or 0.22%, to $89.12 per barrel, WTI climbed 17 cents, or about 0.2%, to $85.32 a barrel.

Кроме того, директор Департамента отметил, что 37% выработки всей электроэнергии в России — низкоуглеродная. «При этом необходимо не забывать, что что у нас ГЭС — это чистая ВИЭ, АЭС — не ВИЭ, но при этом низкоуглеродная генерация, поэтому энергобаланс в России достаточно хороший, чистый, и многим странам к такому точно надо стремиться», — добавил он.

During the two days of the forum, the role of nuclear power in the energy, industrial, ecological, logistic, digital, health, scientific and educational fields were discussed in more than 30 parallel sessions.

The hydrogen market is now transitioning from a speculative investment area to a sector with tangible commercial applications and real-world implementations.

The opening of these research facilities and testing platforms by China to the world is expected to promote the development of nuclear technology worldwide.

Exacerbating instability in the electric sector has been the swing from fossil fuel generation — primarily coal and natural gas — to renewables. Those simply aren’t always available.