Alphaxioms Geothermal News and Related Research Globally

image source:(unsplash.com,Jakob Madsen) GE Hitachi Nuclear Energy (GEH), in partnership with Ontario Power Generation (OPG), SNC-Lavalinand Aecon, has signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site, marking the first commercial contract for a grid-scale SMR in North America. This groundbreaking agreement, through which GEH will provide the reactor design, encompasses a comprehensive range of project activities, including design, engineering licensing support, construction, testing, training and commissioning. Jay Wileman, President and CEO of GEH, stated, "This contract is an important milestone and solidifies our position as the leading SMR technology provider. We aim to deliver the first SMR in North America and, in doing so, lead the start of a new era of nuclear power that will provide zero-emission energy generation, energy security and energy reliability around the globe. We can’t express our appre

The Atucha plant site (Image: Nucleoelectrica Argentina) A financial trust has been opened in Argentina to support sustainable investment in two nuclear energy projects. Investments made in the new Solidarity Financial Trust of Public Infrastructure NA-SA IV will go to enable the licence extension for Atucha I as well as the construction of a dry storage facility for used fuel. The trust was opened on 24 January by Atucha's owner, Nucleoelectrica Argentina SA (NA-SA), with Nación Bursátil as well as Banco de la Provincia de Buenos Ares and Macro Securities. The financial firms will make placements for retail investors to invest Argentine pesos from a minimum of USD100 equivalent and receive a return of 2% per year. NA-SA told World Nuclear News that the trust was set up for a total amount of USD600 million across six tenders. This would cover both the projects, which are estimated at USD463 million for the licence extension of Atucha II and USD137 million for the dry storage facili

Oil giant Saudi Aramco is investing in Japanese drone company Terra Drone to create a subsidiary for  ... [+] TERRA DRONE Saudi Aramco, the world's leading oil producer, is making a multi-million dollar investment in Japanese drone and air mobility technology company Terra Drone as it seeks to fall in line with Saudi Arabia's long-term initiative to reduce the nation's dependence on hydrocarbons. The companies announced late Tuesday that through its $200 million venture capital arm, Wa'ed Ventures, Saudi Aramco is investing $14 million in Terra Drone which, in turn, will use the money to create the subsidiary Terra Drone Arabia. This move represents a significant step forward for both companies, as Terra Drone Arabia will provide oil-gas inspection services for Saudi Aramco while at the same time generating local jobs and accelerating development of the drone industry in the Middle East. The new subsidiary offers an opportunity for Terra Drone, one of the top two drone

Diablo Canyon (US Nuclear Regulatory Commission/PG&E) PG&E, a Californian utility company, had submitted an application to renew the operating licenses for its pressurized water reactors at the Diablo Canyon plant in 2009. However, in 2018, the company withdrew the application after the California Public Utilities Commission (CPUC) approved a joint proposal from the company together with labor and leading environmental organizations to close the plant at the end of its current licenses. The proposed closure date was set for 2024 for Unit 1 and 2025 for Unit 2, as it was believed that the plant's output would no longer be required as California focused on an energy policy centered on efficiency, renewables and storage. But, grid reliability issues have prompted a rethink on the plant's early closure. On October 31st, last year, PG&E formally asked the Nuclear Regulatory Commission (NRC) to resume its review of the license renewal application for the Diablo Canyon pla

Units 1 and 2 of the Loviisa plant (Image: Fortum) The Loviisa power plant, boasting two state-of-the-art VVER-440 type pressurized water reactors, was the inaugural nuclear power facility in Finland and continues to furnish over 10% of the nation's electricity. Unit 1 of Loviisa commenced commercial operations in 1977, with unit 2 following suit in 1981. These units' operating licenses were renewed in 1998 and 2007 respectively. Fortum, the company operating the facility, submitted an application to TEM in March 2022 to extend the operating licenses of both units until 2050. The Finnish government is currently assessing Fortum's application, soliciting statements from various authorities, organizations, and municipalities in the affected region and providing citizens with an opportunity to voice their opinions. The government will make its decision on the operating license based on these statements. STUK, the regulatory body overseeing the facility, stated that Fortum has

The French Senate (Image: senat.fr) The French Senate has given its stamp of approval to a draft bill that seeks to expedite the construction of new nuclear facilities near existing sites and the operation of existing ones. The bill, which passed with a resounding 239 votes in favor and only 16 against, was adopted during its first reading in the Senate. The deliberation of the bill began on January 17th and concluded with a vote on January 24th. The bill includes several key provisions, including the removal of the goal to reduce nuclear's share of France's electricity production to 50% by 2035. Instead, nuclear's share will now be maintained at "more than 50%" of electricity production by 2050. Additionally, the bill includes the inclusion of small modular reactors (SMRs) as potential reactor types to be constructed. The bill also establishes "a specific procedure for compatibility of urban planning documents" with a view to the construction of new rea

Image source: (Unsplash.com-Zbynek burival) The Kingfisher field, a verdant and bountiful oil reserve located beneath the tranquil waters of Lake Albert in western Uganda, has officially been commissioned for drilling as the country embarks on a $10 billion scheme to develop its oil reserves and construct a colossal pipeline to transport the crude to international markets via an Indian Ocean port in Tanzania. This ambitious endeavor, which has incited the ire of environmental groups, is expected to yield 40,000 barrels of oil per day at its peak and Uganda's first oil is anticipated to flow in 2025, almost two decades after the reserves were first discovered. The Kingfisher field, operated by the state-owned China National Offshore Oil Corporation (CNOOC), is part of a larger scheme that aims to tap into the estimated 6.5 billion barrels of crude under the lake, of which about 1.4 billion are recoverable. The reserves are expected to last up to 30 years, with production peaking at