NewsRoom Articles - Page 146 of 200

FridayFeb 18, 2022 12:49 pm

Cameco to Resume Operations at McArthur River Mine

Cameco, the biggest publicly traded uranium company in the world, recently announced its plans to resume operations at its McArthur River mine. The mine, which is located in northern Saskatchewan, halted production in 2018. The mine was placed in care and maintenance mode soon after. Cameco CEO and president Tim Gitzel stated last week that production at the Key Lake mill and McArthur River mine was expected to be 15 million pounds annually from 2024. In his statement, Gitzel explained that Cameco would take some time to transition the mine from care and maintenance mode to its planned production capacity…

FridayFeb 18, 2022 9:15 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) in Strong Position as 2022 Uranium Outlook Appears Promising

Uranium is one of the few commodities to register two solid years of gains amid a global pandemic Nuclear continues to account for 20% of total electricity in the U.S. and is the largest source of carbon-free power, with consistent global growth projected through 2050 Energy Fuels holds three of America's key uranium production centers and boasts more uranium production capacity than any other U.S. company As the new year begins, things in the uranium sector look good, according to a recent Uranium Investing News report. A rosy 2022 forecast means good news for Energy Fuels Inc. (NYSE American: UUUU)…

FridayFeb 18, 2022 9:15 am

StorEn Technologies Inc. Could See Benefits from Fed-, State-Sponsored Tax Credits

Government supports residential energy-storage efforts with tax incentives Tax-incentive programs good indicators of potential battery-storage systems have to make a difference StorEn is leading the way in developing evolutionary vanadium-flow batteries Recent progress made in the battery-storage space makes residential energy storage more feasible than ever, and with available tax credits, the federal government is doing what it can to make the prospect even more appealing. With more people choosing this route, companies such as StorEn Technologies, a developer of vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, could benefit. “In March 2018, the Internal Revenue Service…

ThursdayFeb 17, 2022 10:10 am

The Asia-Pacific Energy Storage Market May Surpass North America

A recently released report has found that the Asia-Pacific will surpass North America as the largest utility-scale energy storage market by yearly installed gigawatts. Guidehouse Insights, a market intelligence and research firm, compiled this report. The research company revised its predictions for global yearly installed utility-scale energy storage by 2029 from forecasts it had made close to 18 months ago, going from roughly 25 gigawatts to 27.5 gigawatts. It expects global annual installed utility-scale energy storage to be slightly more than 30 gigawatts by 2030. The research firm anticipates an average compound annual growth rate (“CAGR”) of 25% between 2021…

WednesdayFeb 16, 2022 3:02 pm

Investor Interest in Gold Returning as Investments Resume

Gold has always been a solid investment, especially over the long term. It often weathers market downtimes with little to no negative impact, retains a relatively stable value in different financial markets, requires little maintenance, and is an effective way to save money for the future. However, despite increasing rates of inflation and stock market roll over, the past couple of months haven’t been great for gold stocks. However, this doesn’t mean gold has been in a major slump. Gold stocks may have been on a steady rise but have yet to reach the heights one might expect during major…

TuesdayFeb 15, 2022 2:59 pm

EU Commission Publishes Text Cementing Nuclear’s Role in Energy Transition

The final version of the EU Taxonomy Regulation’s Complementary Delegated Act was recently presented by the European Commission. The version contains certain nuclear and gas activities and includes a few minor adjustments from the draft, which was leaked last year. The commission started consultations on a draft text of the Complementary Delegated Act with the Member States Expert Group on the Sustainable Finance Platform in December last year. It also gathered feedback from the European Parliament on the act. The European Commission announced in the text that the commissioners had reached an agreement. The European Commissioner for Financial Services, Financial…

MondayFeb 14, 2022 9:48 am

Canadian Solar Plus Storage Project to Use VRFB Technology

Chappice Lake Solar + Storage, a Canadian solar-plus-storage project, plans to use vanadium redox flow battery (“VRFB”) technology, which will be supplied by Invinity Energy Systems. The project plans to combine an 8.4MWh battery storage system with a 21MW solar array. Invinity, the Anglo-American flow battery company, will be working with Elemental Energy, the operator, owner and developer of the project, which is situated in the Alberta province. This province produces a significant portion of all the natural gas in Canada and hosts crude oil production from various sites, including its northern tar sands. It also relies on the country’s…

FridayFeb 11, 2022 1:26 pm

Economists’ Analysis Finds That Precious Metals Boost Investment Portfolio Performance

Many investors view precious metals as financial assets that help alleviate the security investment portfolio risks associated with investment portfolio position diversification. This is because precious metals have the potential to diversify and hedge financial portfolio positions. Despite this already-established relationship, no researchers had conducted an analysis of the portfolio risk spillovers and characteristics of equity markets and precious metals commodities across various continents — until now. A group of economists including Dr. Seong-Min Yoon, Dr. Sang Hoon Kang and Dr. Jose Arreola Hernandez recently carried out an analysis during their new study, in an effort to determine the effectiveness…

ThursdayFeb 10, 2022 1:07 pm

Uranium in 2022: How High Can Prices Go?

Last year, the price of uranium rose by 45%, going from about $29 per pound at the start of the year to $50 per pound in September. This increase followed growth in 2020, which saw uranium go from $24 in January to $30 by year’s end. Despite not being able to maintain that $50 level, the value of the energy fuel has remained at about $40 since then. Uranium is one of the few commodities that has seen two years of solid gains in the midst of the coronavirus pandemic, which most analysts believe indicates that the metal’s price is…

WednesdayFeb 09, 2022 1:45 pm

Energy Company Uses Decommissioned Audi Electric Car Batteries to Store Energy in Germany

RWE Generation is repurposing decommissioned li-ion batteries from electric vehicles manufactured by Audi into second-life stationary energy storage systems. The energy company has deployed its system, which has a 4.5 MWh capacity, at its pumped hydro energy storage plant, which is located in northwest Germany’s region of North-Rhine Westphalia. The used batteries are removed from development models of the e-tron electric vehicles, which have a 252-mile maximum range and are mainly used for transport. RWE Generation CEO Roger Miesen stated that the company had partnered with the car company to test different ways to employ used high-voltage batteries from electric…

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