International Energy Agency (IEA)’s Post

Tech giant Meta has become the latest company to seek nuclear as an energy source to support its growing data needs as it aims to add as much as 4 GW of nuclear capacity in the USA by the early 2030s. Read more: https://lnkd.in/ecxZrkij #NEI #nuclearpower #nuclearenergy #sustainableenergy

The Power of Innovation and Reimagination Microsoft purchases power from the Three Mile Island nuclear plant, Google, and Amazon are investing in nuclear power to meet the energy needs of their data centers and AI initiatives https://lnkd.in/eY-ed-e2

☢ Nuclear Revival A new deal between the Constellation Energy and Microsoft was the catalyst for the re-opening of the Three Mile Island nuclear facility in the United States. This should bring front and center the potential of decommissioned nuclear plants as clean energy providers for power-hungry industries in the age of AI. We remain bullish on nuclear energy. Get our insights first by signing up for our investment research (link in comments). #nuclear #sustainableinvesting #sustainablefinance

Nuclear Power Capacity

Why is the U.S. not building more nuclear capacity instead of wind and solar? The technology has come a long way. Each huge data center should be required to have their own micro-nuclear center.

It's a great opportunity to be the Acting Chair of the #WNA End Energy Users Panel and to contribute to the development of #SMR projects to decarbonize the industry. With Aaron Erim, we have been able to set up a program that should be of great interest to all looking at this new business. Decarbonizing the industry is a must in order to reach our climate goals and nuclear can provide a low-carbon, constant, controllable and high density energy. It may enable #energyintensive #industries to cut their #ghgemissions. Thanks again to all the speakers having accepted to share their insights: 🔹 Welcome Address: Sama Bilbao y Leon, WNA DG 🔹 Keynote: Keisuke Sadamori, Director Energy Markets and Security Directorate, International Energy Agency (IEA) 👉 Regional Perspectives - 🔹 Andrei Goicea, Policy Director, nucleareurope 🔹 Kirsty Gogan, co-founder, Terra Praxis 🔹 Alikaan Ciftci, President, Nuclear Industry Association of Türkiye- NIATR 👉 SMR Technologies - 🔹 Ryan Duncan, Director Government Relations, Last Energy 🔹 Anne Falchi, Director of Strategy, International Nuclear Division, EDF 🔹 David Briggs, COO, NAAREA 👉 End Energy Users - 🔹 Devon Swezey, Senior Manager Global Energy & Climate, Google 🔹 Jason Lankford, Senior Technology Director, Energy & Climate, Dow 🔹 Sarah Wilkin, Founder & CEO, Fly Green Alliance (FGA) 👉 Front-end issues: Fueling the future - 🔹 Luminita Grancea, Director Policy & Strategy, TradeTech, LLC 🔹 Jack Edlow, President, Edlow International Company 🔹 Magnus Mori, Head of Market Development & Technical Sales, Urenco Global 👉 Back-end issues: Managing the used fuel and waste - 🔹 Cécile Evans, Marketing and Strategic Development Director, Back-end activities, Orano 🔹 Rebecca Tadesse, Head of Radioactive Waste Management and Decommissioning, OECD Nuclear Energy Agency 🔹 Benjamin Maquestieau, DDG, ONDRAF/NIRAS Belgian Agency for Radioactive Waste and Enriched Fissile Materials; Brian Nixon, Fuel Cycle Director, newcleo 👉 Structuring and Financing SMR projects - 🔹 Mark Muldowney, Managing Director, Low Carbon Transition Group, BNP Paribas 🔹 Elchin Mammadov, EMEA Co-head of ESG & Climate Research, MSCI Inc. 🔹 Ximena Vásquez-Maignan, Counsel, White & Case LLP 👇 To register see the link in the WNA post hereunder. #energytransition #climateneutral #energy #manufacturing #decarbonisation #climatetargets #carbonneutrality #enablingchange #netzero2050

"The surge in such data center "new nuclear" agreements has also been exemplified by recent major announcements from key "new nuclear" companies such as Oklo Inc - seen notably last year furthering data center SMR plans with the likes of Equinix and Wyoming's Prometheus Hyperscale - and microreactor pioneer Nano Nuclear Energy Inc. (NASDAQ: NNE), representing a move toward a cleaner, greener energy future." #datacenters #newnuclear #WhenWorldsCollide

Renewable sources of energy, at least in the short- and mid- terms, will simply not suffice to meet the energy needs of the planet - let alone the advanced economies (G20). As such, non-hydrocarbon sources must be part of the mix. Enter: nuclear power production. Yes, nuclear⚛️! However, with technology advances such as those from Bill Gates’ TerraPower, NuScale Power and MPower, ⚛️ can be massively scaled in a manner that could greatly accelerate the decommissioning of #coalbased and #LNGbased power plants globally - a must if we aim to meet #climatechange targets per the #ParisAccord. #Foodforthought Credits: Visual Capitalist & Global Energy Monitor

Nuclear energy offers several key advantages for countries looking to diversify their energy sources and increase energy capacities: 1. Low Greenhouse Gas Emissions: Nuclear power plants produce minimal greenhouse gases compared to fossil fuel-based energy sources. This makes nuclear energy a crucial component in efforts to combat climate change and reduce carbon footprints. 2. High Energy Density: Nuclear energy has an extremely high energy density, meaning a small amount of nuclear fuel can produce a large amount of energy. This makes it highly efficient compared to other energy sources like coal, natural gas, or renewables. 3. Reliability and Base Load Power: Nuclear power plants provide a consistent and reliable source of electricity, operating 24/7, regardless of weather conditions. This makes them ideal for supplying base load power— the minimum level of demand on an electrical grid over a span of time. 4. Energy Security and Independence: By increasing nuclear capacity, countries can reduce their reliance on imported fossil fuels, enhancing energy security. Uranium, the primary fuel for nuclear reactors, is more evenly distributed globally compared to fossil fuels, further contributing to energy independence. 5. Long-Term Cost Stability: While the initial capital cost for constructing nuclear plants is high, the long-term operational costs are relatively low and stable. This contrasts with fossil fuels, where prices can be volatile. 6. Supports Grid Stability: Nuclear power can complement renewable energy sources like solar and wind, which are intermittent. Nuclear energy can provide a stable supply to balance the grid when renewable sources are unavailable. 7. Technological Advancements: Innovations such as Small Modular Reactors (SMRs) and next-generation reactors (Gen IV) promise safer, more efficient, and more flexible nuclear power solutions. These advancements could lower costs and expand the potential for nuclear energy deployment. 8. Reduced Land Footprint: Nuclear power plants require less land per unit of electricity generated compared to renewables like wind and solar. This is particularly advantageous in regions with limited land availability. 9. Job Creation and Economic Growth: Expanding nuclear capacity can lead to significant job creation in construction, operation, and maintenance of nuclear plants. It also stimulates economic growth through related industries, research, and development. 10. Proven Track Record: Nuclear energy has been safely used for decades, with advancements in safety protocols and technology continually improving its safety profile. By increasing nuclear capacities, countries can address the growing energy demands, meet climate goals, and enhance energy security, all while contributing to a more sustainable and reliable energy future. What do you think?

With the U.S. electric grid poised for continued massive load growth over the coming decades, the need for clean, firm power is more urgent than ever. Pillsbury’s market-leading Nuclear Energy practice and the EFI Foundation have jointly released a comprehensive report providing a model financing term sheet designed to help investors and developers mitigate uncertainty and risks associated with new nuclear energy technology and unleash the potential of advanced nuclear power generation. Learn more and read the full report here: https://bit.ly/4jf5jIN