The Ukrainian Parliament on Tuesday passed a contentious law allowing the government to purchase two unused, Russian-made nuclear reactors from Bulgaria for at least $600 million — a project that has faced sharp criticism over its high cost and yearslong timeline. The Ukrainian government plans to install the two reactors at the Khmelnytskyi nuclear power…
A chorus of criticism greeted Friedrich Merz, the favorite to become Germany’s chancellor, last month when he broke a taboo against working with a hard-right party to pass legislation. But it was a lone voice of dissent that rocked the country’s political scene: Angela Merkel, the once-beloved former chancellor, who called Mr. Merz’s decision simply…
The Senate confirmed Chris Wright to lead the U.S. Department of Energy on Monday, putting the former oil executive in a key position to help shape President Trump’s energy policies. Mr. Wright, the founder and chief executive of Liberty Energy, a fracking firm, was confirmed by a vote of 59 to 38, with support from…
U.S. Representative Chuck Fleischmann has been selected to serve a second consecutive term as chairman of Energy and Water Appropriations. “I am honored and humbled to be selected by my colleagues to serve a second consecutive term as Chairman of Energy and Water Appropriations. We are at a critical moment in American history where we…
Bill Gates-backed nuclear energy firm Terrapower announced that it has received approval from the Wyoming Industrial Siting Council (ISC) on its permit for the first Natrium plant, Kemmerer Power Station Unit 1. The approval will allow for the construction of non-nuclear facilities – including the energy island portion that houses the molten-salt energy storage tanks and…
A Chinese state-owned company has reported a breakthrough in the mass production of almost 100 per cent pure graphite. The feat is expected to consolidate China’s global leadership in producing the strategic material seen as a vital weapon in the country’s hi-tech war with the West. Science and Technology Daily reported on Tuesday that China…
OpenAI is calling for the US and its allies to work together to support the infrastructure needed to develop artificial intelligence (AI) systems and compete with China. The AI start-up said Wednesday that the US and neighbouring countries should form a “North American Compact for AI” that can streamline access to talent, financing and supply…
A university in Hong Kong has revealed that it has recruited nearly 100 overseas and mainland Chinese scholars since launching a talent acquisition drive two years ago. The University of Science and Technology (HKUST) said on Tuesday that the recruitment would boost its efforts in teaching, research and innovation across different strategic areas. One of…
Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand. They helped power the S&P 500’s Utilities index (XLU) to all-time highs — the index is on track to outperform the S&P 500’s equal-weighted counterpart…
TOKYO (AP) — A Japanese nuclear reactor that restarted last week for the first time in more than 13 years after it had survived a massive 2011 earthquake and tsunami that badly damaged the nearby Fukushima nuclear plant was shut down again Monday due to an equipment problem, its operator said. The No. 2 reactor…