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Egypt joining IAEA’s Convention on Nuclear Safety, as Russia successfully markets its nuclear industry to Egypt

“……………………… by joining IAEA’s convention on peaceful nuclear safety, Egypt took another step towards implementing its nuclear power programme.

“Egypt has gone a long way towards implementing its first nuclear power plant at El-Dabaa, 320 kilometres northwest of Cairo,” said Awadallah, adding that the plant will have four nuclear reactors that will begin operating between 2028 and 2030.

He noted that these reactors, which generate energy for peaceful purposes, are designed in collaboration with Russia’s state-owned nuclear engineering company, Rosatom, with a capacity of 1.2 GW each.

The construction of the first three reactors has already begun after obtaining approval from the Egyptian Nuclear and Radiological Regulatory Authority (ENRRA).

On 19 November 2015, Egypt and Russia signed an agreement under which Russia will build and finance Egypt’s first nuclear power plant.

The preliminary contracts for constructing the four nuclear reactors were signed, in December 2017, in the presence of Egyptian President Abdel-Fattah El-Sisi and Russian President Vladimir Putin.

The state-owned Rosatom will build the plant and supply Russian nuclear fuel for its entire life cycle.

Russia will finance 85 percent of the cost with a loan of $25 billion, while Egypt will provide the remaining 15 percent in the form of instalments. The Russian loan is repaid over 22 years, with an annual interest of three percent……………………….

The presidential decree on Egypt joining IAEA’s convention on nuclear safety will be submitted for a final vote when Egypt’s parliament – the House of Representatives – reconvenes next Tuesday, 20 June.

June 16, 2023 Posted by | Egypt, marketing, Russia | Leave a comment

Russia trying to market nuclear power stations to Sri Lanka

IAEA studying plans to build nuclear power plant in Sri Lanka, Colombo Gazette, June 15, 2023

The International Atomic Energy Agency (IAEA) is studying Russia’s plans to build a nuclear power plant in Sri Lanka.

Rosatom, the Russian the State Atomic Energy Corporation will help build a nuclear power plant in Sri Lanka.

The Ambassador of Sri Lanka to the Russian Federation, Janita Liyanage, said that the project was approved by the country’s authorities and is now being studied by IAEA specialists.

According to her, there is still a discussion on making the nuclear power plant floating or building it on the ground.

Rosatom will also help train specialists who will work at the nuclear power plants…….

Sri Lanka plans to build its first nuclear power plant with technical support from Russia by 2032……………………..  https://colombogazette.com/2023/06/15/iaea-studying-plans-to-build-nuclear-power-plant-in-sri-lanka/

June 15, 2023 Posted by | marketing, Russia | Leave a comment

China and Russia building most nuclear power plants, – the main goal is to market them to developing countries

China and Russia account for 70% of new nuclear plants

Exports used as diplomatic card while Western nations fall behind

NAOYUKI TOYAMA, Nikkei staff writerJune 11, 2023 

TOKYO — Russia and China are building up an outsized presence in the field of nuclear power, with the countries accounting for nearly 70% of reactors under construction or in planning worldwide.

…………………Notably, 33 of the reactors are being constructed or planned outside each respective country. Russia has the largest number of overseas reactors with 19, and despite growing opposition from Europe and the U.S. following its invasion of Ukraine, it maintains a strong global influence in nuclear power.

In April, Russian President Vladimir Putin participated remotely in a ceremony to mark the arrival of the first fuel at the under-construction Akkuyu nuclear power plant in Turkey………

Russia’s nuclear power diplomacy is extending to other countries as well. In May, Rosatom began full-scale construction on Unit 3 of the Dabaa nuclear plant in Egypt, the country’s first.

Hungarian Prime Minister Viktor Orban met with Rosatom officials this month to discuss the company’s plans to build a new nuclear power plant in the country’s south. Hungary opposes sanctions the European Union has imposed on Rosatom.

“Many developing countries take a positive view of Russia,” Kacper Szulecki of the Norwegian Institute of International Affairs told British scientific journal Nature Energy. Russia’s acceptance of spent nuclear fuel is also attractive to emerging countries.

Meanwhile, China is deepening its engagement with Pakistan………………………………..

China also plans to build a nuclear plant in Argentina…………………………………

The U.S., Japan and Europe are hoping to catch up using small modular reactors (SMRs), considered fourth-generation technology………………………………………..

Another issue is nuclear fuel. Uranium enrichment has become the weak link for Western nations. Enrichment facilities are limited, and Russia is the global leader for that process. In April, the U.S., the U.K., France, Canada and Japan formed a nuclear fuel alliance. While the aim is to shut out Russian fuel from Western reactors, doing so will not be easy.

 https://asia.nikkei.com/Business/Energy/China-and-Russia-account-for-70-of-new-nuclear-plants

June 12, 2023 Posted by | China, marketing, Russia | Leave a comment

Unseemly scramble as makers of small nuclear reactors try to con UK government

NuScale joins Rolls-Royce and Bill Gates in race to build UK nuclear
reactors. A US nuclear developer is poised to join the race to build new
reactors in the UK and has urged the government to go faster in picking a
preferred technology.

NuScale, based in Oregon, said it was “very
active” in the UK market and that it would “engage with the activity
around the government’s SMR competition”.

The UK is running a contest to
find suppliers of small modular reactors (SMRs), which hold the promise of
zero-emission, lower-cost nuclear power as they can be made in a factory
and assembled on site. This reduces the vast overheads of large nuclear
projects.

NuScale is developing an SMR called VOYGR, which is based on a
traditional nuclear design called a pressurised water-cooled reactor. It is
the first SMR to have been certified by the US Nuclear Regulatory
Commission.

The UK government has set up a new body, Great British Nuclear
(GBN), to select new projects. It is aiming to settle on winning SMR
designs by the autumn.

Tom Mundy, president of VOYGR services and delivery,
said NuScale would not require development money from GBN as its project
was ready to deploy. “We don’t need the support that has been suggested
… We’re ready to deliver the project much earlier than GBN has
suggested,” he said. “GBN suggests people could start building SMRs by
2030. That means taking a final investment decision then. That’s too late
for us. We have got customers taking final investment decisions much
earlier,” Mundy added. “Let’s get going.”

NuScale’s rivals in the
race include GE Hitachi, also of the US, and Rolls-Royce, which wants to
win an order in its home market. TerraPower, a start-up founded and chaired
by Bill Gates, has also indicated that it wants to build nuclear projects
in the UK. It has a type of SMR called an advanced modular reactor (AMR) in
development.

Times 4th June 2023

https://www.thetimes.co.uk/article/nuscale-joins-rolls-royce-and-bill-gates-in-race-to-build-uk-nuclear-reactors-z0bhln3qb

June 5, 2023 Posted by | marketing, UK | 1 Comment

Putin bribes ‘friendly nations’ with use of 24-hour ‘floating nuclear power stations’

As war rages on in eastern Ukraine, Russia’s state-owned nuclear energy company Rosatom has announced it will share floating nuclear power plant (FNPP) technology only with “friendly nations” to help supply electricity.

BALESSANDRA SCOTTO DI SANTOLO 29 May 23

Russia will supply floating nuclear power plant (FNPP) technology to enable around-the-clock supply of electricity to remote areas of allied countries, the Kremlin-linked energy company announced…………………………………………………….. more https://www.express.co.uk/news/world/1775103/putin-floating-nuclear-power-plant-rosatom-russia

May 29, 2023 Posted by | marketing, Russia | Leave a comment

USA pours $billions into Poland, in effort to market USA’s small and large nuclear reactors to Europe

The Road to US Nuclear Energy Revival May Run through Warsaw

BY Matt Bowen , Sagatom Saha • MAY 23, 2023

United States civil nuclear diplomacy is back on the move. Last month, the Export–Import Bank of the United States (EXIM) and the Development Finance Corporation (DFC) announced financing of up to $3 billion and $1 billion, respectively, to deploy US small modular reactors (SMRs) in Poland.[1] SMRs—smaller, more uniform designs intended to be factory-manufactured to lower nuclear energy costs—have benefited from congressional support and interagency interest in the Biden administration. This follows the Trump administration’s reversal of a legacy prohibition on DFC funding of US nuclear energy exports.

United States civil nuclear diplomacy is back on the move. Last month, the Export–Import Bank of the United States (EXIM) and the Development Finance Corporation (DFC) announced financing of up to $3 billion and $1 billion, respectively, to deploy US small modular reactors (SMRs) in Poland.[1] SMRs—smaller, more uniform designs intended to be factory-manufactured to lower nuclear energy costs—have benefited from congressional support and interagency interest in the Biden administration. This follows the Trump administration’s reversal of a legacy prohibition on DFC funding of US nuclear energy exports………..

The Polish Opportunity

With EXIM Bank and DFC having just signed letters of intent to support the deployment of the GE-Hitachi BWRX-300 SMR with Orlen Synthos Green Energy as the most recent example,[3] Poland has been the epicenter of the revival of US commercial nuclear diplomacy.

The 2020 US-Poland Intergovernmental Agreement (IGA) on nuclear energy cooperation[4] was a political commitment, and in 2021 the US Trade and Development Agency funded a front-end engineering (FEED) study for potential deployment of a AP1000 nuclear power plant.[5] These developments likely facilitated Poland’s selection of the Westinghouse AP1000 for large reactor builds in 2022.[6]

Separately, Poland-headquartered mining company KGHM announced a plan in 2023 to deploy modular reactors designed by the US company NuScale Power, and in April submitted an application to the Polish Ministry of Climate and Environment to build NuScale SMRs in Poland.[7]

Successfully deploying both large-scale reactors and SMRs in Poland could accelerate progress throughout a region (Romania, Slovakia, Estonia, Czech Republic, and Ukraine) that has coal plants in need of retirement by mid-century to meet decarbonization goals. Poland’s neighbors have, in some cases, handshake agreements to adopt US nuclear technologies. For example, at the 2021 United Nations Climate Change Conference in Glasgow, US special presidential envoy for climate John Kerry and Romanian president Klaus Iohannis jointly announced Romania’s intention to build NuScale SMRs. A May 2023 announcement at the G7 Leaders’ Summit included support for the Romanian SMR project of up to $275 million from the United States, Japan, Republic of Korea, and United Arab Emirates, as well as Letters of Interest issued by EXIM and DFC for potential support of up to $3 billion and $1 billion for project deployment – similar to potential package for Poland.[8] US diplomatic efforts also contributed to the Czech Republic at least excluding Russian and Chinese companies from a tender to build a new reactor that will entail roughly $6.6 billion of investment into the country.[9]

Financing the Deal

For all of the announcements, there are no done deals just yet. Part of Russia’s competitive edge in the past has stemmed from the ability of Rosatom, its state-owned enterprise, to offer a “one-stop shop” including favorable financing terms that private sector companies cannot match alone.[10] The United States will ultimately have to grapple with this challenge if it expects to be competitive in international markets.

To date, the US playbook in Poland has consisted of an IGA demonstrating US political commitment and an intent to finance; funding for FEED work from USTDA; and now, letters of intent from EXIM Bank and DFC. The process has been improvised and tactical, but it could be replicated elsewhere as part of a long-term, sustainable approach. The missing piece at the end—US government financing agencies’ ability to quickly finalize deals—could make the difference, especially as the United States competes with Russia and China for reactor supply deals.

The US may be able to improve the efficiency and terms of its reactor export financing offers to other countries through measures such as:…………………………………………………more https://www.energypolicy.columbia.edu/the-road-to-us-nuclear-energy-revival-may-run-through-warsaw/

May 25, 2023 Posted by | marketing, USA | Leave a comment

Romania to be a guinea pig for NuScam’s small nuclear reactor folly

Romania’s NuScale SMR plan gets USD275 million boost WNN 22 May 2023

Funding of up to USD275 million to advance the deployment of a NuScale Power Corporation VOYGR small modular reactor (SMR) plant in Romania was announced at the G7 leaders’ summit by the USA and “multinational public-private partners” from Japan, South Korea and the United Arab Emirates.

……………… EXIM and the US International Development Finance Corporation also issued Letters of Interest for “potential financial support of up to USD3 billion and USD1 billion, respectively, for project deployment”. The announcement was part of the G7 Leaders’ plan to “mobilise USD600 billion in infrastructure investments under the Partnership for Global Infrastructure and Investment”.

……………………… John Hopkins, NuScale Power president and CEO, said: “Support from the Biden Administration and international partners is a signal to energy markets around the world that NuScale SMRs are an important new technology solution to global decarbonisation and that Romania has the capabilities and experience to support its deployment … we are thrilled public-private partnerships are helping deploy our leading SMR technology as soon as 2029.”………………..  https://www.world-nuclear-news.org/Articles/NuScale-s-Romanian-SMR-plan-gets-USD275-million-bo

May 24, 2023 Posted by | 2 WORLD, marketing | Leave a comment

Bill Gates, Rolls Royce, and others, in the scrum to con the UK government into buying useless nuclear reactor minitrash

Rolls-Royce mini-nukes project under threat as Bill Gates eyes bid

Global interest comes as British company scrambles to secure government contract

By Gareth Corfield, 7 May 2023

Bill Gates is eyeing a bid to build Britain’s first mini-nuclear reactor in a direct challenge to Rolls-Royce which is scrambling to secure a government contract. Seattle-based TerraPower, which was founded by the Microsoft billionaire, said it was considering throwing its hat into the ring for lucrative contracts to build Britain’s next-generation small modular reactors or “mini-nukes”.

In a blog post, Mr Gates said the nuclear energy company’s work “has drawn interest from around the globe”, citing agreements with Japan, South Korea and the Luxembourg-based ArcelorMittal steel conglomerate. TerraPower claims its travelling wave reactor design can “operate for centuries with unenriched uranium fuel”. Founded in 2006, the company secured $830m (£657m) in its most recent funding round last summer. Unlike many traditional SMR designs, the company’s plant, called Natrium, uses a molten salt heat storage system that will allow it to rapidly boost its power output at peak times.

Dozens of other nuclear energy startups are competing to bring their designs into
service, with Rolls-Royce competing against the likes of GE-Hitachi, Mitsubishi Heavy Industries and Westinghouse Electric. In March, US company Last Energy, signed a deal to sell 24 small modular reactors (SMRs) to British customers. While Last Energy still needs regulatory approval for its designs, the company expects the first of its SMRs to be operational by 2026 with no government funding required.

Telegraph 7th May 2023

https://www.telegraph.co.uk/business/2023/05/07/bill-gates-bid-britains-mini-nukes-contract-rolls-royce/

May 9, 2023 Posted by | marketing | Leave a comment

Blaine Higgs, Premier of New Brunswick, Canada, heads to Europe to promote non-existent small nuclear reactors

Premier will promote hydrogen, natural gas and small modular reactors to thousands in Rotterdam

Higgs heads to Europe to pitch energy sources that don’t exist yet, Jacques Poitras · CBC News · May 05, 2023 

Premier Blaine Higgs is heading to Europe next week to promote three New Brunswick energy sources that remain largely hypothetical at the moment.

Higgs will be at the World Hydrogen Summit next week in Rotterdam, the Netherlands, and will then travel to Paris.

The focus in Rotterdam will be pitching the province’s hydrogen, natural gas and small modular reactor projects to customers — though none of them are producing anything that exists yet. 

He’ll position all three of those sources as a key part of the transition away from greenhouse gas-emitting energy as the world seeks to limit the effects of climate change……………………………

In Rotterdam, he’ll present his case to 8,000 delegates from more than a hundred countries attending the summit…………………………………..

It’s not clear what market there would be in Europe for small modular nuclear reactors built in New Brunswick by ARC Clean Energy Inc. and Moltex Energy.

Other companies around the world are working on their own SMR designs and some countries in Europe, including Germany, have cooled to nuclear power as a fossil fuel alternative.

And for both ARC and Moltex, a working reactor remains several years away. ARC says its first will be able to start operating at Point Lepreau in 2030 while Moltex says its initial device will take more time. …………………………..  https://www.cbc.ca/news/canada/new-brunswick/higgs-energy-europe-1.6833878

May 8, 2023 Posted by | Canada, marketing | Leave a comment

US Sells Taiwan 400 Harpoon Anti-Ship Missiles – Profits and Provocations, Not Protection 

There are no clear solutions for Taiwan if it continues down the path of US-sponsored separatism and antagonism toward the rest of China, so much so that the only logical solution to “defeat” a Chinese blockade of the island is to not provoke one in the first place.

US Sells Taiwan 400 Harpoon Anti-Ship Missiles as US-Chinese Tensions Rise

03.05.2023 Author: Brian Berletic

As the US continues its proxy war against Russia in Ukraine, it also continues preparations for a similar conflict with China using the island province of Taiwan as its proxy of choice in Asia.

Toward this end, the US continues flooding the island province with billions of dollars worth of weapons.

One of the more recent announced weapon sales was 400 Harpoon anti-ship missiles.

Washington’s Flawed “Porcupine Strategy” for Taiwan 

The anti-ship missiles manufactured by Boeing would presumably be part of developing much wider anti-access area denial (A2AD) capabilities for the administration’s armed forces on the island.

A Taiwan-based analyst, Pei-Shiue Hsieh, in an article for The Diplomat titled, “Building Taiwan’s Own Area Denial Capabilities,” would claim:

While some assert that Taiwan cannot counter a Chinese invasion on its own, the results of my analytical wargames show the opposite. The drills by the Chinese People’s Liberation Army (PLA) last month likely demonstrated Beijing’s intentions to impose a naval blockade on the island in the event of a military confrontation. Taiwan’s military needs to prevent Chinese fleets from moving into their tactical positions or, if unable to prevent the blockade’s establishment, to disrupt ongoing PLA Navy (PLAN) operations.

In order to do so, the author suggests:

Taiwan must develop its own anti-access/area denial (A2/AD) strategy, which incorporates guided weapons and reconnaissance systems. Currently, Taiwan’s military possesses two possible options for guided anti-ship weapons: the ground-launched Hsiung Feng II/III and the ground- or air-launched AGM-84 Harpoon. With the reconnaissance information gathered by naval surveillance radars and MQ-9B SeaGuardian unmanned aerial vehicles, these legacy anti-ship missiles remain potent defenders of the island. However, as the PLAN is rapidly growing, Taiwan needs more than short- and medium-range options to cope with the PLA threat.

The Hsiung Feng III and Harpoon anti-ship missiles have ranges of 400 km and 139 km respectively. While these ranges may seem like more than enough to target and destroy Chinese warships imposing a sea blockade on the island of Taiwan, the problem is that while the missiles themselves have active radar homing, finding Chinese ships to home in on in the first place will be very difficult for Taiwan’s armed forces…………………………………………..

In a scenario where China is attempting to blockade Taiwan and China feels its surface vessels are at risk from anti-ship missiles, it can also employ submarines while using its formidable missile force to strike at and destroy not only military capabilities based on Taiwan, but also ports receiving military aid from abroad as well as ships attempting to deliver it. A blockade by any other name is still a blockade.

The other problem Taiwan’s administration faces is the time frame purchased weapons would actually reach the island. The 400 purchased Harpoon anti-ship missiles will take years at the earliest to arrive……………………

According to most estimates, the gap in military capabilities between China and the United States is set to close somewhere around 2025. By 2029, the gap would be in the process of widening, but this time in China’s favor.

Contracts for munitions like the LRASM are not even being publicly discussed, but should such contracts be signed, it’s likely Taiwan will be waiting as long or longer for the missiles to arrive, and that is assuming the missiles are developed into ground-launched systems to adapt to the reality Taiwan’s air force will not play a role in any hostilities with the rest of China.

Profits and Provocations, Not Protection 

While Boeing is certainly profiting from the sale of 400 Harpoon anti-ship missiles to Taiwan, the move hardly enhances Taiwan’s military capabilities relative to the rest of China, nor does it do so within the window of opportunity the US seeks to provoke an armed conflict with China over Taiwan. If any blockade imposed by China around the island province of Taiwan is to be broken, it will have to be by the US military using a combination of anti-ship missiles and anti-submarine warfare.

US policymakers having wargamed an armed conflict between the US and China noted that the US would likely exhaust its arsenal of long-range anti-ship missiles of all kinds, a result of America’s limited military industrial capacity, a shortfall on demonstration amid its proxy war with Russia in Ukraine at the moment.

But even if the US didn’t run out of missiles and if the US was successful in thwarting China’s use of naval vessels to impose a blockade, a de facto blockade can still be imposed through the use of China’s long-range missiles fired from the mainland at Taiwan’s ports and any ships attempting to utilize them.

There are no clear solutions for Taiwan if it continues down the path of US-sponsored separatism and antagonism toward the rest of China, so much so that the only logical solution to “defeat” a Chinese blockade of the island is to not provoke one in the first place.

Brian Berletic is a Bangkok-based geopolitical researcher and writer, especially for the online magazine “New Eastern Outlook”.  https://journal-neo.org/2023/05/03/us-sells-taiwan-400-harpoon-anti-ship-missiles-as-us-chinese-tensions-rise/

May 6, 2023 Posted by | marketing, Taiwan | Leave a comment

UK courts Bahrain and the United Arab Emirates for investments to salvage the nuclear dream

Gulf states poised to bail Britain out of energy crisis

Bahrain and the UAE courted by energy secretary Grant Shapps for fresh nuclear investment

By Rachel Millard, 30 April 2023 

Gulf states are poised to help bankroll Britain’s efforts to build new
nuclear power stations to keep the lights on, the energy security secretary
has indicated. Grant Shapps visited the region in January and said he
remains “in constant contact” with investors in the region who are
“very interested” in the nuclear sector. Countries such as the UAE and
Bahrain have built up vast sovereign wealth funds which are now pushing
into clean energy amid global efforts to cut fossil fuel use.

 Jeremy Hunt, the chancellor, met with the UAE’s Mubadala, a sovereign investment firm,
in February, and has abandoned plans to toughen tax rules for sovereign
wealth funds. Mr Shapps said: “I was in the Gulf states [this year] and
I’m in constant contact with our friends and colleagues over there. “They
have already been investing massive amounts in renewable energy – and
they’re very interested in nuclear power as well. The scale of their
ambitions are pretty big – watch this space.” 

Ministers are trying to drum up investment for EDF’s planned £20bn power plant in Suffolk as well as other nuclear projects as part of a push on the carbon-free [?] power
source. Legal & General, Britain’s biggest money manager with £1.3 trillion
of assets, has said it is focused on supporting other “viable, and
cost-effective” {?] clean [?] energy solutions. 

French state energy giant EDF
owns Britain’s nuclear fleet but will need outside investors to build its
planned Sizewell C project in Suffolk. The Government and EDF have pushed
China’s CGN out of the project amid concern about China’s involvement in
critical national infrastructure.

Telegraph 30th April 2023

https://www.telegraph.co.uk/business/2023/04/30/gulf-states-poised-to-bail-britain-out-of-energy-crisis/

May 3, 2023 Posted by | marketing, MIDDLE EAST, UK | Leave a comment

Oh Goody – America is going to sell heaps of Holtec’s Small Nuclear Reactors to Ukraine!

This cooperation agreement will lead to economic development, creation of jobs, establishment of modern manufacturing facilities, training facilities, R&D, and thus help Ukraine emerge as the regional hub for Holtec’s nuclear reactor technology…….”

Mass deployment of Holtec SMRs in Ukraine is part of accord’s aims

WNN 24 April 2023, Up to 20 Holtec SMR-160 plants will be built in Ukraine under a cooperation agreement signed between Holtec International and Ukrainian national nuclear operator Energoatom. The agreement calls for the first plant to begin supplying power by March 2029.

The agreement was signed on 21 April by Energoatom President Petro Kotin in Kiev and Holtec CEO Kris Singh in Camden, New Jersey, USA. The ceremony was also attended by Ukraine’s Minister of Energy Herman Galushchenko and the vice president of Holtec International operations in Ukraine Riaz Avan……………………………………………..

“This cooperation agreement will lead to economic development, creation of jobs, establishment of modern manufacturing facilities, training facilities, R&D, and thus help Ukraine emerge as the regional hub for Holtec’s nuclear reactor technology…….”

………………………………………………………… In June 2019, Holtec, Energoatom and Ukraine’s State Scientific and Technology Centre formally entered into a partnership to advance the SMR-160 for deployment in Ukraine. The partners ratified the creation of a consortium partnership that bound the three companies into a cooperative undertaking to progress the deployment of the SMR-160 small modular reactor in the country. The consortium is a US company registered in Delaware with each of the three parties owning allotted shares. Its technology operation centre will be based in Kiev, Ukraine.  https://www.world-nuclear-news.org/Articles/Accord-sees-mass-deployment-of-Holtec-SMRs-in-Ukra

April 25, 2023 Posted by | marketing, Ukraine | Leave a comment

Rolls Royce marketing its mini nuclear reactors to Sweden, Finland, Czech Republic, but deals could collapse

Rolls-Royce could build mini-nuclear reactors in Sweden and Finland under
plans being explored by Helsinki’s national energy company. Finnish
government-owned utility Fortnum has signed an early stage deal with
Rolls-Royce’s nuclear power business to explore uses of its small modular
reactors (SMRs) in the two Nordic countries. Shares in Rolls-Royce jumped
over 6pc in London on the news, amid a broader market rally.

The early stage deal comes as Rolls-Royce awaits a UK government decision on whether
to buy the reactors, which are smaller and cheaper than full scale plants.
Rolls-Royce’s 470MW units cost £1.8bn each. As well as the Finns, the
Czech government is also considering purchasing the technology as part of
efforts to decarbonise energy systems. Despite international interest,
Rolls-Royce has warned that deals may collapse unless Britain signals it
backs the technology by placing its own orders.

 Telegraph 21st March 2023

https://www.telegraph.co.uk/business/2023/03/21/rolls-royce-eyes-mini-nuke-project-finland-uk-drags-feet/

March 23, 2023 Posted by | marketing, Small Modular Nuclear Reactors, UK | Leave a comment

Thorium fake charity group cons El Salvador into joining the “Nuclear Power Club”.

Power, 20 Mar 23,

“…… the government of El Salvador and the Thorium Energy Alliance, a Harvard, Illinois–based non-profit advocacy group that endorses thorium-fueled reactors, signed a memorandum of understanding (MOU) to promote the “El Salvador Energy Bridge” plan. The MOU was signed by Daniel Alvarez, El Salvador’s director general of Energy, Hydrocarbons, and Mines (DGEHM), and John Kutsch, executive director of the Thorium Energy Alliance, at the Embassy of El Salvador in Washington, D.C. (Figure 1), with Ambassador Milena Mayorga present to witness the event.

El Salvador has historically gotten much of its power from hydro and geothermal resources, according to International Energy Agency (IEA) data. In 2020, the most recent numbers available on the IEA’s website, hydropower accounted for about 32.8% of the electricity generation in El Salvador. Geothermal was second, supplying 24.6% of the mix, while oil (15.5%), solar PV (14.3%), and biofuels (12.9%) rounded out the list. El Salvador’s total generation in 2020 was about 6.321 TWh………………..”

March 22, 2023 Posted by | marketing, SOUTH AMERICA | 2 Comments

South Korea coming for a slice of Africa’s emerging nuclear power market

As African countries firm up their nuclear power ambitions, South Korea’s Korea Hydro & Nuclear Power (KHNP), a subsidiary of state-owned Korea Electric Power Corporation is coming for a share of the continent’s emerging market.…… (Subscribers onlyhttps://www.theafricareport.com/293984/south-korea-coming-for-a-slice-of-africas-emerging-nuclear-power-market/

March 22, 2023 Posted by | AFRICA, marketing, South Korea | Leave a comment