Energy Transition
2023, November, 27, 06:50:00
EUROPEAN POWER GRIDS INVESTMENT $637 BLN
Europe will need to invest 584 billion euros ($637 billion)to upgrade its power grids this decade, according to European Union estimates.
2023, November, 27, 06:45:00
EUROPEAN NUCLEAR POWER
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".
2023, November, 27, 06:40:00
THE NEW FRANCE'S ENERGY & CLIMATE STRATEGY
France aims to reduce its final energy consumption by 30% in 2030 to 104 Mtoe (from around 143 Mtoe in 2022, according to first estimates), compared to 2012, and to reach a primary energy consumption of 157 Mtoe in 2030 (from 212 Mtoe in 2022).
2023, November, 27, 06:35:00
S.KOREA, BRITAIN NUCLEAR COOPERATION
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.
2023, November, 27, 06:30:00
SOUTH AFRICA'S ENERGY INVESTMENT $8.8 BLN
The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.
2023, November, 23, 06:15:00
U.S. BATTERY INVESTMENT $3.5 BLN
The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.
2023, November, 23, 06:10:00
INDONESIAN ENERGY TRANSITION INVESTMENT $21.6 BLN
Indonesia’s investment plan, known as the Comprehensive Investment and Policy Plan (CIPP), states that Indonesia aims to increase the share of renewable energy in its power generation to 44% by 2030 (18% in 2022).
2023, November, 22, 06:40:00
KAZAKHSTAN'S URANIUM FOR CHINA
Kazakhstan’s National Atomic Company Kazatomprom has signed a contract for the supply of natural uranium concentrate with China National Uranium Corporation Limited (CNUC - a subsidiary of China National Nuclear Corporation).
2023, November, 22, 06:35:00
HUNGARY'S NUCLEAR SCHEDULE
The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom.
2023, November, 22, 06:25:00
NUCLEAR POWER FOR SWEDEN
The agreement also said necessary regulations should be developed to create the conditions for the construction and operation of small modular reactors (SMRs) in Sweden. In addition, the permitting process for nuclear power plants must be shortened.
2023, November, 22, 06:20:00
BLOCKCHAIN FOR ENERGY TRANSITION
Blockchain's ability to enable peer-to-peer (P2P) transactions and operate a decentralized marketplace can facilitate consumers to be the producers of energy.
2023, November, 17, 06:50:00
OIL PRICES 2023-24: $90 - $93
The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.
2023, November, 17, 06:40:00
RUSSIAN ARCTIC NUCLEAR DECISION
The energy system for the remote region is a standalone one run by Norilsk-Taimyr Energy Company, part of the Norilsk Nickel group. The city of Norilsk is within the Arctic circle in Russia's north, and has a population of more than 170,000 people.
2023, November, 17, 06:35:00
EUROPEAN NUCLEAR SMR
The Commission set up a European SMR pre-Partnership in June with the overall objective of identifying enabling conditions and constraints, including financial ones, towards safe design, construction and operation of SMRs in Europe in the next decade and beyond in compliance with the EU legislative framework in general and to the Euratom legislative framework in particular.
2023, November, 17, 06:20:00
THE NEW NUCLEAR DECISIONS FOR CLIMATE
Many oil and gas, drilling, and extraction operations take place in remote locations, and in many cases, it is not possible for these processes to be fuelled by electricity from the grid. It is here that microreactors (MRs) or small modular reactors (SMRs) could provide a low carbon alternative.