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The world needs to expand global nuclearpower generation to help curb global carbon emissions. We simply can’t have major nuclear incidents such as those that took place at Chernobyl, Ukraine and Fukushima, Japan. In the history of nuclearpower, there have been few serious incidents.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News The US Federal Reserve cut interest rates by half a percentage point, marking the first rate cut since 2020. The project will add 800 MW of nuclearpower to the grid and create 1,000 construction jobs and 300 permanent positions.
Just last week, the UK Government laid out its plan to quadruple nuclearpower by 2050 and China approved construction for four new reactors. More uranium deals were struck last year than in the past decade. 60 reactors are currently under construction worldwide with 110 more planned. Can’t get enough deals?
and Canada, three major nuclear markets, all signaled growing support for SMRs in the closing weeks of 2020. Canada, for example, launched a 27-point SMR national action plan to demo and deploy the technology, update regulations, create employment and exploit foreign market opportunities. NuScale is intending to bid for 2.5
☢️ US nuclearpower saw mixed results. The first American power plant in 7 years came online and fusion hit a major milestone , but NuScale’s cancelled Utah SMR project left us feeling a bit uneasy. Key market supply and demand indicators ended the year down. Can’t get enough deals?
Early-Stage ⚡ Blue Energy , a New York City, NY-based modular nuclearpower plants developer, raised $45m in Series A funding from At One Ventures, Engine Ventures, Angular Ventures, Nucleation Capital, Propeller Ventures, and other investors. Can’t get enough deals?
Plus, Amazon has signed an MOU with Dominion Energy to explore building an SMR near the company's North Anna nuclearpower plant in Virginia. Amazon said it will deploy 5GW of nuclearpower through SMRs by 2039. Amazon’s paying prime for next decade delivery particularly stands out.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News Hertz announced plans to sell a third of its U.S. Meanwhile, nuclear demand heightened with the UK Government laying out its plan to quadruple nuclearpower by 2050 to 24GW and China approving construction for four new reactors.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News The EU passed a watered down nature restoration law. Zacuna Ventures, a San Francisco, CA-based investment firm, announced a $56m debut fund that focuses on investments in construction tech companies.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News British banks take climate action. Rally Cap VC, a San Francisco, CA-based investment firm, held a first close of its $5m fund that invests in fintech climate companies in emerging markets. Can’t get enough deals?
Award winners took a broad swath of color approaches, from green hydrogen powering heavy-duty trucks and port operations, to pink nuclear-powered hydrogen, and blue hydrogen (natural gas with carbon capture) in the Appalachian Hub.
France’s new nuclearpower plant, Flamanville, went online last week — and the reactor shut itself down just a day after. MCJ Collective , a Boston, MA-based investment firm, held a final close of its $81m second fund that invests in energy transition and climate resilience startups.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News The aftermath of Hurricane Helene has been devastating, with an estimated $35 billion in infrastructure damage and over 220 deaths across the Southeastern US. Can’t get enough deals?
Request a Sightline Climate demo In the News BP has canceled one of the UK’s largest green hydrogen projects , a significant blow to the country’s low-carbon hydrogen industry. Meanwhile, historically anti-nuclear Germany has a newly elected leader, Friedrich Merz, who signaled he will take a more supportive bloc-wide stance.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News In US political news, the outgoing Biden administration announced tariffs targeting imported climate technologies , including solar and wind components, in a move to boost domestic manufacturing. Can’t get enough deals?
Request a Sightline Climate demo In the News Google announced a $10m deal with direct air capture (DAC) startup Holocene, to offtake CO2 at the lowest price on record of $100/ton. Over in Europe, Poland announced a $15.6bn investment to develop the country’s first nuclearpower plant. Can’t get enough deals?
In the US , a 2023 Pew Research Center survey shows 57% of Americans favor nuclearpower, a 14% increase over 2020. Italy installed its National Platform for Sustainable NuclearPower in September. The committee will draft a plan to reintroduce nuclear for the first time since 1990.
Request a Sightline Climate demo In the News In nuclear news, the UK government is exploring the use of nuclearpower to supply clean and reliable energy to new “AI Growth Zones” , addressing the substantial energy demands of data centers. Meanwhile, nuclear-powered ships are also making waves.
Nuclearpower can play a significant role in the long-term, as it’s a top priority for industry and the US government, but it won’t solve short-term supply constraints. " — Glenn Youngkin, Governor of Virginia 💥 So what? Image via Sightline Climate.
Request a Sightline Climate demo In the News Elon Musk is poised to have significant influence on energy policy under Trump’s presidency. The collaboration leverages Google Cloud’s AI to optimize distributed energy resources, a potential solution for balancing increasing power demand and intermittent renewable energy.
Request a Sightline Climate demo In the News In US political news, Trump has begun to announce his picks to lead agencies. In the US, the Nuclear Regulatory Commission (NRC) also proposed a new licensing framework for advanced nuclear technologies like small modular and microreactors. Can’t get enough deals?
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News In EPA news, Republican lawmakers want to repeal the EPA’s methane fee , which helps curb emissions from O&G operations by capturing gas from leaks via MRV technologies, supporting compliance with international standards.
Request a Sightline Climate demo In the News Germany’s snap election has put Friedrich Merz and his center-right CDU party in charge, which prioritize economic growth over green investment. New nuclear-powered boxship is making waves. Can’t get enough deals? of the time).
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News Chevron announced plans to build new natural gas power plants to meet AI data centers' rising energy demands, while the Stargate project in Texas will also host a 360.5MW gas plant to power its facility.
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