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The Idaho National Laboratory has come up with a new initiative that will  support economies and communities that are transitioning to the use of clean energy by enabling the communities to make suitable and informed choices. The initiative, titled the Emerging Energy Market Analysis, was developed by the lab in collaboration with the University of … Continue reading “New U.S. Initiative Will Help Communities Find Best Decarbonization Approach”

Several developed nations have passed a host of sanctions against Russia in a global bid to stop its misguided war in Ukraine. Months after Russia declared war on Ukraine and breached its borders, dozens of countries placed sanctions on Russian exports, limited the movement of Russian money and cut the country off from critical exports. … Continue reading “Washington Will Struggle to Fully Wean the US Off Russian Nuclear Fuel”

During the World Nuclear Symposium, which was held in London, experts discussed how increased interest in small modular nuclear reactors meant that building the industrial capacity which would facilitate the production of the reactors required was among the challenges companies will face as they work to make this a reality. During a panel session, Rick … Continue reading “Challenges Expected as Demand for Small Modular Reactors Grows”

The price of uranium has hit a new high as the energy crisis in Europe continues to fuel bullish bets on nuclear energy’s future. Uranium, which is also known as yellowcake, has increased by 7% since last month to reach $50 per pound. This price was last observed when the prices of many commodities increased … Continue reading “Uranium Rallies Amid Energy Crisis in Europe”

Energy efficiency has been a major talking point in recent years amid climate change, extreme weather events, and a global push for clean and renewable energy sources. Most current power plants, whether they rely on coal, nuclear energy or natural gas, convert heat into electricity via a process called the steam-based Rankine cycle. Despite being … Continue reading “Power Conversion Innovation May Boost Power Plant Efficiency”

Fossil fuels such as crude oil, natural gas and coal have been used for more than a century, which makes them the biggest polluters of the environment as well as the biggest culprits of climate change. Unlike fossil fuels, nuclear energy is a zero-emission clean source of energy. This means that nuclear energy doesn’t produce … Continue reading “Why Uranium Expected to Boom in Near Future”

In its latest mid-year financial update, Kazatomprom revealed that it planned to increase its production for uranium in 2024. Kazatomprom is the biggest producer and seller of natural uranium globally, producing more than 40% of primary uranium supply. The company, which operates as Kazakhstan’s national operator, is involved in the import and export of uranium … Continue reading “Kazatomprom Announces Plans to Ramp Up Production of Uranium in 2024”

Although nuclear energy is often seen as a dangerous energy source, especially in the wake of the Fukushima and Chernobyl nuclear disasters, the chances of a nuclear reactor accident happening are astronomically low. In the decades since more than two dozen countries have begun using nuclear energy, these have been the only two major incidents, … Continue reading “Westinghouse, EDF to Study How Accident-Tolerant Nuclear Fuel Can Best Be Utilized”

The world is in the midst of an energy crisis. Energy prices have soared in the past few months, putting immense stress on household budgets, industries and entire economies. Russia’s unprovoked invasion of Ukraine has also had a major impact on the global energy space, pushing oil and gas prices to historically high levels and … Continue reading “Mining Executive Believes Uranium Will Help Tackle Energy Crisis”

Scientists at the Princeton Plasma Physics Laboratory under the U.S. Department of Energy have made an advancement in nuclear fusion technology, which brings them closer to realizing their goal to harness limitless energy. Nuclear fusion occurs when light atoms are merged together to create charged particles, known as plasma, that in turn create enormous amounts … Continue reading “DOE Researchers Announce Breakthrough in Nuclear Fusion Technology”