Florida Power & Light Company’s Turkey Point Nuclear Power Plant Units 3 and 4 have been granted approval to operate for an additional 20 years, ensuring the continued delivery of clean, reliable energy for FPL customers into the 2050s. This approval reaffirms the company’s commitment to providing sustainable energy solutions while contributing significantly to the local economy and environment.
Ghana has signed an agreement with a US developer to build its first nuclear power plant, choosing a small modular reactor technology from NuScale Power. The deal signifies the US’s push for clean energy technologies in developing nations, while raising questions about the long-term viability of small modular reactors.
Facing growing geopolitical tensions and energy security concerns, Switzerland is proposing to overturn its ban on new nuclear power plants. The government argues that this move is crucial to securing long-term energy independence and that it remains committed to addressing climate change.
The Nuclear Regulatory Commission (NRC) has granted Dominion Energy Virginia permission to extend the operating licenses of its North Anna Power Station for an additional 20 years, ensuring reliable, carbon-free energy for decades to come. This decision reinforces the role of nuclear power in Virginia’s energy portfolio and contributes to the state’s clean energy goals.
The Nuclear Regulatory Commission has extended the operating license of North Anna Power Station in Virginia by 20 years, ensuring reliable and carbon-free electricity for the state for decades to come. The extension will keep the two nuclear reactors operating until 2058 and 2060, respectively, generating enough energy to power 500,000 homes.
South Africa has postponed the launch of a procurement process for a new nuclear power station due to legal challenges and calls for greater public participation. The government aims to expand its nuclear capacity but faces public skepticism and legal hurdles.
Ukraine’s plans to purchase two Russian-made nuclear reactors have sparked controversy, with critics alleging potential corruption and concerns about the technology’s viability. The government argues the reactors are crucial to bolstering the war-damaged energy grid, but lawmakers remain skeptical. The debate highlights the challenges Ukraine faces in balancing energy security with transparency and modernization.
Thailand’s newly elected Prime Minister Srettha Thavisin has outlined ambitious plans to legalize casinos and build a nuclear power plant, aiming to combat illegal gambling and reduce high electricity costs. These proposals, sparked by public dissatisfaction and a parliamentary study, aim to generate significant revenue and attract high-spending tourists, but face public opposition, particularly concerning nuclear power.
Venture capitalist Sam Altman and Andreessen Horowitz are investing $20 million in Exowatt, a company developing solar-powered modules that can store energy for up to 24 hours. The move underscores the growing need for low-carbon energy sources to support the surge in AI data centers and the electrification of the economy.
Vistra Corporation (VST) remains a “buy” recommendation for investors seeking capital appreciation due to:
– Acquisition of significant nuclear power generation
– Low natural gas prices
– Texas population growth
– Oilfield electrification
– AI prospects for electricity demand growth
– Crypto mining
– Share buybacks
However, Vistra’s dividend yield is only 1.3%, making it unsuitable for dividend hunters. Despite its stock price increase, concerns remain regarding high leverage and rising debt costs.
