An “Energy Superhub” is being constructed in Coventry, a city in the middle of the UK, which will harmonize a number of renewable technologies to maximize the benefits of decarbonized electricity.

Currently, Rosatom fuel company TVEL supplies fuel for Loviisa’s two VVER 440 reactors.

Risks over existing gas supplies from Russia will continue through the coming months, with just one pipeline route open to the biggest European customers.

France plans to build 6 new next-generation EPRs (European Pressured Reactors II) and to launch studies for the construction of 8 additional EPRs as well as SMRs (Small Modular Reactors) to have 25 GW of new nuclear capacity by 2050.

Currently, the most expensive form of generation -- gas -- sets the price for all electricity that’s sold into the market. That means consumers are bearing the brunt of Russia’s supply cuts to the continent. It also means Europe isn’t feeling much of the benefit of low-cost renewables like wind farms, which get to sell at big margins.

In collaboration with Urenco Ltd, Westinghouse will complete a Pre-Front End Engineering Design study for a secure and reliable supply of advanced TRi-structural ISOtropic (TRISO) fuels to support a range of potential high-temperature gas-cooled reactor (HTGR) technologies in development.

"The Krško nuclear power plant is synonymous with a stable, reliable and safe nuclear power plant. If there were more such power plants in Europe, the energy situation at the European level would be significantly better."

Dutch front-month gas, Europe’s benchmark, traded 2.4% higher at €119 per megawatt-hour by 8:43 a.m. in Amsterdam after losing 5.8% a day earlier.

Europe’s gas storage sites are nearly 95% full, providing a buffer for when the weather turns colder. Reserves in the biggest gas consumer, Germany, have risen to 99%, according to Gas Infrastructure Europe.

In the third tender Germany seeks innovation proposals with a combined capacity of 397.2 MW and a price cap of about €7c/kWh.

The recent fall in European gas prices may not last, according to Italian energy major Eni SpA. “It’s a temporary situation,” Chief Executive Officer Claudio Descalzi said in Abu Dhabi. “We have problems in 2023 because in 2023 we don’t have Russian gas.”

The push to fill storage facilities before the start of winter has been successful -- with many close to capacity. But some suppliers may now want to hold back those reserves until they can sell their stored gas at more attractive rates.

Dutch front-month gas, Europe’s benchmark, rose 3.4% to €111 per megawatt-hour at 8:57 a.m. in Amsterdam, paring some of the weekly decline.

While US fuel now makes up 40% of Europe’s liquefied natural gas imports, it will only offset a fraction of the deficit from Russia next summer,

Lower Russian supplies sent European gas prices to all-time highs in late August though prices have come down sharply as storage sites across the EU were filled to close to capacity.