DOE also released an RFI seeking input on nearly $9 billion for the Home Energy Rebate Program, funded by President Biden’s Inflation Reduction Act that will provide record breaking funding to help Americans cut energy costs in their homes through energy efficiency and electrification of home appliances and equipment.

In September, Westinghouse and Enusa announced their intention to collaborate on VVER-440 fuel fabrication with the aim of delivering a Western alternative to Russian fuel in the European market VVER-440s currently use fuel from Rosatom’s TVEL.

U.S. commercial crude oil inventories increased by 8.4 million barrels to 448.0 million barrels.

As the world pushes towards net-zero emissions targets, and away from the war-influenced roller coaster of fossil fuel prices, many countries – including Canada – are putting the nuclear option back on the table.

The awards announced today are provided through the DOE Office of Science’s Innovation Network for Fusion Energy (INFUSE) program, which was established in 2019 to accelerate fusion energy development through public-private research partnerships.

The UAE government has also announced that it will invest US$30bn in South Korea’s nuclear power, defense, solar, and hydrogen industries. The investment will come from sovereign wealth funds, which include the UAE’s Mubadala Investment Company.

Despite the adoption of the Versailles Declaration in March 2022, when leaders of the 27 EU member states pledged to phase out the EU’s dependence on Russian fossil fuels as soon as possible, imports of Russian LNG increased by 12% in 2022 compared to 2021.

According to the EU-US announcement, EU commission aims to increase annual demand for American LNG by 50BCM by the end of 2030 and procure 15BCM more in 2022,

LNG deliveries to Europe have helped ease an energy crisis this winter after Russian piped supply slumped.

DOE noted the significance of the Government of Japan’s announcement of its “Draft Future Nuclear Energy Direction and Action Guidelines” in December 2022.

“The domestic transportation sector presents an enormous opportunity to drastically reduce emissions that accelerate climate change and reduce harmful pollution,” said U.S. Secretary of Energy Jennifer M. Granholm.

Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported.

A frozen USA, with more than 200 million people under severe weather advisories or warnings caused nationwide problems in the run-up to Christmas.

The deals come as Japan’s government is reevaluating how it can enhance energy security in the face of a fuel crunch at home. Global LNG supply is slated to remain tight for years, which threatens to increase import costs and add to rising inflation.

U.S. Rig Count is up 3 from last week to 779, Canada Rig Count is down 103 from last week to 96