Industry News
Nuclear Energy
Top stories summarized by our editors
4/9/2021

Investors are keeping a close eye on the projected global growth of nuclear energy, which has led to increased demand for uranium. Since early March, uranium prices have gone up 11% to $31 a pound.

4/9/2021

When looking to invest in the nuclear energy sector, there are ways to invest in metals directly or in mining companies. "Miners carry their own risks, obviously, but they do tend to move with the price simply because there are a lot fewer ways to invest in uranium than there are to invest in a bigger market like gold, for example," John Stepek writes.

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MoneyWeek (London)
4/9/2021

California-based TAE Technologies has raised $280 million to further develop nuclear fusion technology. TAE is able to produce stable plasma at temperatures over 50 million degrees, which could allow the company to have commercial nuclear reactors available by the end of the decade.

4/9/2021

Bill Gates' money and savvy are crucial to the success of TerraPower, a nuclear power company developing natrium technology and advanced nuclear reactors, according to MIT researcher Charles Forsberg. The company is using liquid sodium as a cooling agent in the nuclear fission process to avoid amassing excess pressure.

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CNBC
4/9/2021

Energy Secretary Jennifer Granholm says nuclear waste disposal is a priority for the Biden administration, but the Yucca Mountain Repository isn't the answer. "We have to find a solution, but it has to be based on community agreement," she said.

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NY1 (New York City)
4/9/2021

China has begun construction on an estimated $422 million underground nuclear waste facility in the Beishan region of Gansu province. The seven-year project, when completed, is designed to operate for 50 years.

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China Daily (Beijing)
4/9/2021

Toshiba's board chairman says CVC Capital Partners' bid to take the company private "was completely unsolicited," but it is considering the $20 billion offer. Regulatory hurdles could impede the deal.

4/9/2021

Eskom is continuing its bid to build a new nuclear power station at its Koeberg site in Cape Town, but one researcher has said the project is unnecessary. South
Africa's 2019 energy plan calls for an additional nuclear capacity of 2,500 megawatts.

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IOL (South Africa)
4/8/2021

State Rep. Brooks Landgraf has filed a bill in the Texas Legislature that would ban spent fuel rods from being stored in Texas. The bill would give breaks on state fees if Waste Control Specialists forgoes a plan to store high-level waste and instead focuses on its low-level waste site in Andrews County, near Odessa.

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KSAT-TV (San Antonio)
4/8/2021

Workers at the Savannah River Site in South Carolina have moved inspection equipment to a storage pad to bypass sending drums to the site's Solid Waste Management Facility for characterization before shipping to the Waste Isolation Pilot Plant in southeast New Mexico. "Weighing over 70,000 pounds and at 40 feet long, many departments had to be involved in the safe transport," said the Energy Department's Maxcine Maxted.