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Concerns about energy security and climate change are fuelling a renaissance of interest in nuclear energy — and technological advances.
...The job paid well and taught him about Asia’s energy market. “I was seeing the trend of fossil fuels and coal going down,” Kameníček recalls....
...Han Gyu Joo, president of the Korea Atomic Energy Research Institute, said that much of the emphasis at the Brussels summit had been on energy security, adding he’d been surprised to see it hosted by Belgium...
...But investors should be thinking about pumped storage hydro and technologies that store energy for hours, if not days, for other reasons....
...In the process, the technology is generating new job opportunities, for AI ethics specialists, software developers and data engineers across the sector....
...The move to back new gas-fired generating capacity is the latest watering down of green policies by Sunak’s government....
...This is a problem for renewable energy developers. It removes an important pool of potential buyers....
...those of Neptune Energy, which the Italian company agreed to buy last year for $4.9bn....
...Nuclear power is seen as a crucial part of the low-carbon energy mix because it provides “baseload” continuous energy in contrast to solar and wind generation, which is weather dependent....
...Instead, the government investment suggests that the company will replace the blast furnace with the direct reduction process which is more energy efficient....
...The company said a decision on the planned extensions for Heysham 2 and Torness power stations, which have a joint generating capacity of 2.4GW, will be taken by the end of the year, subject to plant inspections...
...For these individuals, who grew up surrounded by sophisticated technology, and whose iPhones have more computing power than Nasa’s Apollo missions, a sophisticated way of generating energy is not fearsome...
...Only about 15 per cent of the country’s water resources have been developed. Almost all farmers depend on rain, as they are not able to store rainwater or pump water from rivers....
...A survey — published on Monday — of 100 “decision makers” across the UK energy sector in companies with a combined £700bn in revenue appeared to confirm some of those worst fears....
...Founded and chaired by billionaire philanthropist Bill Gates, the company plans to start building the first sodium fast nuclear reactor with on-site energy storage in the US, in June....
...Chancellor Jeremy Hunt on Wednesday allocated four times the amount of support to this year’s bidding round for developers of renewable generating capacity compared to last year....
...companies in $6bn effort to clean up heavy industry Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...Big Oil used an industry conference this week to argue against a rapid transition to green energy, as fossil fuel companies are emboldened by high demand and record profits despite rising alarm over climate...
...Kazakhstan is the global powerhouse for uranium production, generating 43 per cent of supply mainly through Kazatomprom — majority owned by the state sovereign wealth fund — and its joint venture partners...
...The move is one of several steps taken by the government aimed at boosting investment in clean energy as concerns mount that the UK is set to miss its ambitious targets for low-carbon generating capacity...
...Plant-based carbon removal companies were “all competing with each other for the same biomass”, Kahsar said....
...However, Labour refused to say how much GB Energy would commit to the floating wind farms, saying only that Flow would be the new state-owned company’s “first priority”....
...We have this optimism bias towards being able to deliver faster,” Ian Edwards, chief executive of the Canadian engineering company, told the Financial Times....
...The companies argue that smaller reactors should be quicker and, eventually, cheaper to build, with key parts assembled off-site....
...Other schemes such as the Energy Company Obligation 4 and the Home Upgrade Scheme allow low-income households to get free or subsidised solar panels....
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