It might have seemed like one of the weirder headlines of 2024: Microsoft is paying $1.6 billion to restart Three Mile Island. That’s the nuclear power plant in Pennsylvania whose reactor #2 had a partial meltdown in 1979. There were no injuries, and nobody died, but it set the nuclear industry back years. Only two…
MOSCOW (Reuters) – The Kremlin on Friday dismissed as a “provocation” accusations by Ukraine that a Russian drone had damaged the containment shelter at the Chornobyl nuclear power plant overnight. Kremlin spokesman Dmitry Peskov said that he did not have precise information on the alleged incident but that Russia does not attack nuclear infrastructure. “The…
A fresh debate is brewing in Hong Kong over whether to lift a ban on seafood imports from parts of Japan after Chinese tests of seawater samples near the snowballed Fukushima nuclear power plant showed no signs of negative impact on marine life. Japanese restaurant operators in Hong Kong called for an immediate review 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…
TOKYO (AP) — A remote-controlled robot has safely returned with a tiny piece of melted fuel it collected from inside one of three damaged reactors at the tsunami-hit Fukushima Daiichi nuclear power plant for the first time since the 2011 meltdown. The Tokyo Electric Power Company Holdings, which manages the plant, said Saturday that the…
Normally, utility stocks aren’t very exciting. But, after a magnificent 35% rally over the past year, well, the utility sector is no doubt exciting right now. In fact, some investors might be thinking that the sector isn’t worth looking at anymore. That isn’t really true if you spend a little time examining utilities like Constellation…
A Japanese diplomat has urged Hong Kong to make the “correct decision” and lift the city’s 13-month-long import ban on aquatic products from 10 prefectures as soon as possible, after Beijing signalled its intention to gradually roll back its own curbs. Kenichi Okada, the country’s consul general in Hong Kong, made the appeal on Wednesday,…
Hong Kong authorities will seek more information from Tokyo and Beijing to look into the possibility of easing restrictions on seafood imports from 10 Japanese prefectures, following the central government’s decision to “gradually” lift its own sweeping ban. “The Environment and Ecology Bureau will seek more relevant information from the authorities on the mainland and…
HARRISBURG, Pa. (AP) — The owner of the shuttered Three Mile Island nuclear power plant said Friday that it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers with carbon-free energy. The announcement by Constellation Energy comes five years after…