South Korea’s industry ministry said it had signed a Memorandum of Understanding with the Dutch Economic Affairs ministry to support the new plant order. KHNP signed a memorandum of understanding with the Netherlands’ Economic Affairs & Climate Policy Ministry on the feasibility study.

Production will be fully ramped up at the Pinyon Plain, La Sal and Pandora mines by mid- to late-2024, by which time Energy Fuels said it expects to be producing uranium at a run-rate of 1.1 to 1.4 million pounds per year,

For the first time since the annual climate summits commenced in 1995, the 198 signatory countries to the UN Framework Convention on Climate Change (UNFCCC) officially called for accelerating the deployment of low-emission technologies including nuclear energy to help achieve deep and rapid decarbonization, particularly in hard-to-abate sectors such as industry and through the low carbon production of hydrogen.

On the margins of this year’s United Nations Climate Change Conference (COP28), IAEA Director General Rafael Mariano Grossi and OPEC Fund Director General Abdulhamid Alkhalifa signed Practical Arrangements on Cooperation in the Area of Climate Adaptation to enhance collaborative efforts by both entities to develop and implement joint projects on climate adaptation.

The declaration says the countries recognise the need for a tripling of nuclear energy capacity to achieve "global net-zero greenhouse gas/carbon neutrality by or around mid-century and in keeping a 1.5 degrees celsius limit on temperature rise within reach".

The United States is entering a period of severely constrained electric supply. Demand is rising — including anticipated electric load from artificial intelligence, the need to shutter all coal facilities, and the limits to transmission from the renewable resources (wind and sun) 0f the West — and it will overwhelm the system unless it is substantially augmented with new generation.

The Hungarian government plans to extend the service of the Paks NPP. Four of its reactors, build by Soviet specialists some 40 years ago, are to go out of operation between 2032 and 2037, but their life span may be extended by 20 years, to 2052-2057. At the same time, the plant’s units Five and Six are now being built in accordance with Rosatom’s designs.

Nuclear had only partially been included in the commission's proposal for NZIA. Among the 10 technologies it proposed was "advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle, small modular reactors, and related best-in-class fuels".

Among the areas for cooperation, the partnership will see the UK and Korea commit to strengthening cooperation on civil nuclear, including on large-scale, small-scale and advanced reactors, decommissioning and waste management, and supply chains.

Following the invasion of Ukraine, things couldn’t be more different, with countries looking to nuclear power as a source of low-carbon power that can diversify their mix from intermittent renewable energy and imported fossil fuels.