Tag: New Build

Nuclear new build projects, construction, engineering and operations. SZC & HPC.

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Iowa’s Nuclear Power Plant Facility

There is a planned restart of Iowa’s only nuclear plant, the Duane Arnold Energy Center (Duane Arnold), with operations resuming sometime in 2029.

Google have signed a new agreement with NextEra Energy to meet the growing demand for AI infrastructure.

This is an exciting move for U.S. nuclear leadership and security while achieving clean, reliable energy via nuclear.

The restarting of the plant will encourage improved growth in the American economy (more than $9 billion) by increasing job opportunities (over 2000 direct/indirect/highly skilled), allowing scientific advancements, improving health & education prospects, and enhancing security.

NextEra Energy will take a 100% ownership in the plant as they are acquiring Central Iowa Power Cooperative (CIPCO) and Corn Belt Power Cooperative’s 30% commitment, in an agreement that matches Google’s.

Due to this agreement Google and NextEra Energy are also exploring developing new generation nuclear across the U.S.

NextEra Energy is one of the leading electricity providers to homes and businesses and is one of the largest electric power and energy infrastructure companies in North America.

Read the full story; https://newsroom.nexteraenergy.com/NextEra-Energy-and-Google-Announce-New-Collaboration-to-Accelerate-Nuclear-Energy-Deployment-in-the-U-S?l=12

Picture: NextEra Energy (Duane Arnold)

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Kansai Electric to Restart 44-year-old Reactor

A next generation reactor plan is underway by Kansai Electric Power to restart the 44-year-old Mihama reactor based in Fukui Prefecture, 300-miles west of Tokyo.

The site survey has begun analysing geological conditions to determine the feasibility of constructing a new power plant. Materials and equipment have been transported to the areas.

The survey will continue until circa 2030 with several stages: a boring survey, field examinations, collecting rock samples, and excavating tunnels.

Pictures: Kansai Electrical Power/Mihama Power Plant

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New York’s New Nuclear Construction Plans

Upstate New York is to gain its first new nuclear plant in a generation.

It’s clear that New York will benefit from utilising advanced nuclear technology; generating thousands of union jobs, enhancing security, lowering emissions, and ensuring reliability to the growing grid.

Governor Kathy Hochul directed the New York Power Authority (NYPA) to start developing and constructing an advanced new nuclear power plant to support a reliable & affordable electric grid.

“As New York State electrifies its economy, deactivates aging fossil fuel power generation and continues to attract large manufacturers that create good-paying jobs, we must embrace an energy policy of abundance that centers on energy independence and supply chain security to ensure New York controls its energy future,” Governor Hochul said. “This is the second time during my administration that I am calling on the New York Power Authority to lead a critical energy initiative, and just as it is doing with the expedited buildout of renewable energy and transmission, it will now safely and rapidly deploy clean, reliable nuclear power for the benefit of all New Yorkers.”

Full article; https://www.governor.ny.gov/news/governor-hochul-directs-new-york-power-authority-develop-zero-emission-advanced-nuclear-energy

Picture: https://www.governor.ny.gov

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Sizewell C Financial Closure

SZC becomes the first power plant to be funded by the UK’s Regulated Asset Based (RAB) model and is a debt raised financing of £5 billion.

Due to the company’s robust financial structure and being able to replicate the process at Hinkley Point C, the project was able to prove it could reduce cost & timelines hence gaining strong credit ratings from multiple agencies.

Once the site is operational it could create savings of £2 billion per year, leading to cheaper prices for consumers and utilising a low-carbon electricity system.

The project should lead to over 10,000 skilled, British job opportunities with thousands more within the supply chain and creating ~ 1,500 apprenticeships.

Importantly, SZC will supply 6 million homes with home-grown clean energy for 60 years+. The British economy is set to see a huge boost and an increase in energy security.

Sizewell C’s Joint-Managing Directors, Julia Pyke and Nigel Cann, said:

“Sizewell C is a transformative project for Britain’s energy future, delivering reliable low-carbon power, tens of thousands of jobs, and a major boost to the UK economy.”

“In Sizewell C the UK has pioneered a model for financing new build nuclear which works for both consumers and private investors and has attracted considerable interest from other countries with nuclear power development plans.”

Full story here; https://www.sizewellc.com/news-views/sizewell-c-reaches-financial-close-with-5-billion-export-credit-backed-debt-raise-and-strong-investment-grade-credit-rating/

Picture: SZC

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Sizewell C signs fuel contract with Urenco

Urenco has signed a multi-year agreement for enriched uranium services with Sizewell C.

This new contract will support the first six years of the 3.2 GW power station’s operation and will be serviced mainly from our Capenhurst site in the UK.

Framatome has, meanwhile, signed a nuclear fuel fabrication contract with Sizewell, and both mark a major step forward in strengthening the UK’s energy security.

The announcement was made on Monday, October 13.

Urenco CEO Boris Schucht said: “The importance of Sizewell C in the UK’s energy future cannot be underestimated, and Urenco is proud to have been selected as the fuel supplier of choice.

“This will support the millions in economic contributions we make to the UK every year through the enrichment site we have in Cheshire, one of four such sites we have globally, as well as helping to grow skills in the nuclear industry, create jobs and strengthen supply chains.”

See the full announcement here.

Picture from Sizewell C. Story from Urenco

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