Latest news with #SmallModularReactors
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Low-cost finance, private sector role key to nuclear projects: PK Mishra
Timely completion, access to low-cost finance, and leveraging private sector capabilities are key to lowering tariffs and improving feasibility of nuclear projects, P K Mishra, principal secretary to the prime minister, said here on Friday. Addressing the 68th batch of scientific officers at the Bhabha Atomic Research Centre Training School, Mishra encouraged researchers to innovate in cost reduction strategies to make nuclear energy India's preferred power source. Citing the successful opening of the space sector, Mishra said similar initiatives are envisaged for atomic energy, which is essential for clean energy and national security. He underscored the societal impact of nuclear energy and cited the use of radio isotopes for cancer care, and radiation technologies for wastewater treatment and agriculture storage. The government had sanctioned 50 multi-product food irradiation units for the MSME sector under the 2024-25 Union Budget, Mishra said. Irradiation facilities in 12 states were enhancing shelf-life and ensuring compliance with international phytosanitary standards for food products such as fruits, spices, pulses, and herbs, he added. Mishra also urged the scientific community to commercialise spin-off technologies emerging from research labs. Nuclear energy presents a major opportunity for sustainable growth and clean power in response to climate challenges, he said. Mishra called for revisiting regulatory mechanisms and investing in further safety-related research, especially as private sector participation expands. He emphasised that public confidence in safety standards must be a top priority. Mishra also highlighted the key announcements from the Budget 2024-25 such as R and D support for Bharat Small Modular Reactors and advanced nuclear technologies and a targeted expansion to 100 GW of nuclear capacity by 2047, with proposed amendments to relevant legislations enabling private sector participation.
New Indian Express
2 days ago
- Business
- New Indian Express
India's global rise driven by internal transformation, scientific progress: PM Modi's Principal Secretary Mishra
NEW DELHI: Dr PK Mishra, Principal Secretary to Prime Minister Narendra Modi, said that India's rising geopolitical influence, strategic partnerships, global diaspora, and soft power are key factors which amplify its international presence. Addressing the graduating Scientific Officers today at the 68th Graduation Function in the Bhabha Atomic Research Centre (BARC) Training School, marking a milestone for the institution and the next generation of India's scientific community, Dr Mishra outlined India's advancements in every field. He remarked on the legacy of BARC and the vision of Dr Homi Jehangir Bhabha, praising the institution for its training excellence and contributions to India's development. He highlighted India's global rise driven by internal transformation and shifting international dynamics, noting strengths such as youth demographics, infrastructure expansion, and technological achievements. Highlighting the Prime Minister's vision for Vikshit Bharat in 2047, he underscored the importance of 'reform, perform, and transform' in transforming the country into a developed nation. Dr Mishra cited multiple national achievements such as India's position as the third-largest startup ecosystem with over 100 unicorns. He also added that the scale of digital infrastructure, including UPI processing over 185 billion transactions in 2024–25 and bold climate commitments including 500 GW non-fossil fuel capacity by 2030 and initiatives like the National Green Hydrogen Mission, have helped the country move forward. Noting the successful opening of the space sector, Mishra remarked that similar initiatives are envisaged for atomic energy, essential for clean energy and national security. He also highlighted key budget announcements from the Budget 2024–25 like R&D support for Bharat Small Modular Reactors and advanced nuclear technologies and a targeted expansion to 100 GW of nuclear capacity by 2047, with proposed amendments to relevant legislation enabling private sector participation.
North Wales Live
16-07-2025
- Business
- North Wales Live
Nuclear manufacturing factory opens in North Wales
A new major nuclear production facility has been unveiled in North Wales today. Boccard, an international engineering, manufacturing, construction and maintenance company based in Lyon, France, is opening the 200 worker facility on Deeside. The new strategic hub is seen as a vital move in developing a supply chain capable of meeting the UK Government's nuclear build programme. Boccard is involved with the manufacturing of high-integrity components such as pipework, supports, tanks and modular systems are pivotal to the nuclear sector and essential for the power generation and food ingredients industries. The new facility will create over 200 permanent positions and provide a major boost to the Deeside region and further afield. It will support the development of nuclear sites like Hinkley Point C and Sizewell C and potentially a new nuclear plant or Small Modular Reactors at Wylfa on Anglesey in the future. Bruno Boccard, Chairman of Boccard, said: "Our new facility in North Wales is a milestone in our century-long history and part of our broader European expansion. Our ambition is to be a driving force in the UK's nuclear renaissance, while supporting the country's decarbonisation and energy sovereignty goals." Sign up for the North Wales Live newsletter sent twice daily to your inbox He added: "The UK government's historic support marks a turning point for the nuclear sector, shifting focus to building a world-class supply chain and attracting top talent. As a leading manufacturer, we look forward to sharing best practices and collaborating to create a nuclear hub in North Wales and across the UK." Hinkley Point C CEO Stuart Crooks said: 'Boccard's new investment in North Wales is a prime example of the way nuclear is creating new industrial capacity in Britain. It's made possible by a long-term commitment from industry and government, which is creating new and highly skilled jobs that change lives for the better. The new factory means that more work for Hinkley Point C and Sizewell C will happen in the UK, putting skills in place to benefit both existing and future nuclear projects." Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 'The opening of Boccard's new nuclear components manufacturing facility in Deeside clearly signals that Wales is strategically placed to play a central role in the future nuclear supply chain. 'With a rapidly growing skilled workforce and the presence of major suppliers like Boccard, North Wales is primed to attract further investment into this expanding sector and unlock significant growth for the Welsh economy. 'Since the start of this Senedd term, we have directly invested £600 million in Welsh businesses, creating and safeguarding 40,000 jobs. The hundreds of jobs created by the opening of Boccard's new manufacturing facility, which is backed by more than £1 million in Welsh Government funding, forms part of this success story. 'Wales is becoming an important location for inward investment. Last year saw 65 projects - a 23% increase on the previous financial year. This was the second highest increase of any nation or region of the UK.' Uk Government Energy Secretary Ed Miliband said: 'The people of North Wales are set to feel the benefits of our plans to kickstart a golden age of new nuclear. This new manufacturing facility demonstrates the benefits that nuclear power can bring to every corner of the country – building up British supply chains and creating jobs and economic growth.
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Constellation Energy Rises 51.7% in 3 Months: How to Play the Stock?
Constellation Energy Corporation 's CEG shares have rallied 51.7% in three months compared with the Zacks Alternate Energy – Other industry's growth of 28.2%. As the largest provider of carbon-free energy in the United States, CEG benefits significantly from its nuclear operations. Its nuclear fleet provides a reliable, stable and affordable source of electricity, while also contributing to environmental sustainability by producing zero-emission energy. Another operator, Dominion Energy D, has gained 7.5% over the past three months. Dominion Energy operates multiple nuclear power stations, including Surry, North Anna and Millstone, which provide a significant portion of the electricity for its service areas. The company is also exploring advanced nuclear technologies like Small Modular Reactors ('SMR'). Is it a good time to add CEG stock to your portfolio now? Let's examine the factors that contributed to the share price gain in detail and assess the stock's investment prospects. Positive Drivers for the CEG Stock Constellation Energy's strategic investment plans and focus on expanding its renewable portfolio drive its earnings performance. It expects capital expenditures of nearly $3 billion and $3.5 billion for 2025 and 2026, respectively. Nearly 35% of projected capital expenditures are for the acquisition of nuclear fuel, which includes additional nuclear fuel to increase inventory levels. Constellation Energy is an industry leader in safe, efficient and reliable operations of nuclear plants. Its nuclear fleet capacity factor was an impressive 94.1% in the first quarter compared with 93.3% in the year-ago period. CEG's robust nuclear infrastructure enables it to fulfill the increasing demand from power-intensive businesses, such as data centers. The company focuses on powering data centers "behind the meter" by co-locating and connecting them directly to existing nuclear energy generation facilities to avoid the need to transport power long distances over high-power transmission lines. This ensures that data centers have direct access to a reliable energy supply. Constellation Energy expects more than 13% adjusted operating earnings growth on base earnings through 2030, driven by several factors, including the production tax credit step-up, planned refueling outages, outage duration improvements and nuclear generation. CEG focuses on customer-driven initiative, which strengthens trust, enhances customer satisfaction, and positions Constellation Energy as a reliable, forward-thinking energy partner. This, in turn, drives long-term growth and value for both the company and its customers. CEG Stock's Earnings Estimates The Zacks Consensus Estimate for 2025 earnings per share indicates a decrease of 1.05% and the same for 2026 implies an increase of 0.7% in the past 60 days. Another company, The Southern Company SO, is actively involved in the research, development and licensing of advanced nuclear reactors, including SMRs. Southern Company is also leading efforts to modernize the regulatory framework for advanced reactor licensing. The bottom-line estimate for 2025 indicates no change, while that for 2026 implies an increase of 0.22% in the past 60 days. CEG's Earnings Surprise History The company's earnings are consistent, visible and easy to calculate. It delivered an average earnings surprise of 7.41% in the last four reported quarters. Image Source: Zacks Investment Research Dominion Energy beat on earnings in three of the trailing four quarters and missed in one, delivering an average surprise of 7.39%. CEG's Return on Equity Higher Than Industry Constellation Energy's trailing 12-month return on equity of 21.93% is better than the industry average of 8.41%. Return on equity, a profitability measure, reflects how effectively a company utilizes its shareholders' funds to generate income. CEG's Capital Return Program Constellation Energy continues to enhance shareholder value through share repurchases and regular dividends. Since 2023, its board of directors has authorized the repurchase of up to $3 billion of the company's outstanding common stock. As of March 31, 2025, the company had approximately $841 million remaining authority to repurchase shares of its outstanding common stock. CEG pays a quarterly dividend to its shareholders. The company aims to increase its annual dividend by 10%, subject to its board's approval. Check CEG's dividend history here. CEG Stock Trades at a Premium Constellation Energy is currently trading at a premium compared to its industry on a forward 12-month P/E basis. Southern Company is also trading at a premium compared with its industry's P/E F 12M. The Bottom Line Constellation Energy has the opportunity to capitalize on the growing demand for clean energy across its service areas, primarily driven by the rapid expansion of AI-powered data centers, thanks to its robust generating capacity. CEG also benefits from customer-focused initiative, which helps it serve its customers more efficiently. Investors can hold onto this Zacks Rank #3 (Hold) stock at present and continue to enjoy the benefits of regular dividends and share repurchase programs. Given its premium valuation, new investors may want to wait for a better entry point. You can see #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Company (The) (SO): Free Stock Analysis Report Constellation Energy Corporation (CEG): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report
Yahoo
10-06-2025
- Business
- Yahoo
Prime Minister unlocks land for new nuclear development in West Cumbria
PRIME Minister Keir Starmer has announced plans to unlock land at Moorside for new nuclear power generation following a year-long campaign by MP Josh MacAlister. Writing exclusively for this paper, the Prime Minister revealed that land at Moorside will be freed up to be leased and marketed by a local development corporation to pave the way for a new nuclear power plant. This 'Pioneer Park' will seek to attract Small Modular Reactors (SMRs) and the energy intensive industry they could power. The news formed part of a broader announcement by the Prime Minister giving the go-ahead to other major new nuclear projects across the country ahead of the Spending Review. These decisions are also expected to benefit Cumbria through investment in the nuclear supply chain. Campaigners say unlocking land at Moorside has been the biggest barrier to securing new nuclear power generation in West Cumbria since the collapse of the NuGen deal in 2018. Josh MacAlister MP with Energy Secretary Ed Miliband during discussions about future nuclear use of the land at Moorside (Image: Submitted) Cumberland's four MPs, the leader of Cumberland Council and the leaders of the Nuclear Decommissioning Authority and Sellafield Ltd set up the Cumberland Nuclear Future Board last year. Multiple meetings have been held with Ministers to try to resolve the issues with use of and access to the land. Agreement has now been reached and work is underway to make the land available. A market engagement process with nuclear and other clean energy developers will be launched this summer. Writing for The Whitehaven News, the Prime Minister said: "Cumbria has always been at the heart of Britain's energy story. From Calder Hall to Sellafield, this region has powered the nation with world-class expertise and a proud industrial heritage. "And with this government, Cumbria will be at the front and centre of our plans, this time building a clean, secure energy future. We're doing things differently. No more dithering or delay. We're backing builders, not blockers – cutting through red tape and making bold decisions to get Britain moving. "That means backing our nuclear industry not just in Sizewell or through Small Modular Reactors, but right here in Cumbria. It's why we're taking decisive action to unlock the Moorside site for a new clean energy development. "Whether it becomes home to a fleet of SMRs or another major clean energy project, it will be led by a local development corporation – working with industry, unions, and the community to deliver jobs, growth, and energy security. "This is more than a policy. It's a drive to restore pride, create high-quality jobs, and rebuild Britain's industrial base. Nuclear power, alongside renewables, is central to our plan to decarbonise the grid and end our reliance on volatile fossil fuels. "All of this shows that this government is serious about developing clean energy projects. We're ready to get Britain building again – with steel, with confidence, and with communities like Cumbria central to that." Josh MacAlister MP on land at Moorside (Image: Submitted) Josh MacAlister, the MP for Whitehaven and Workington, said: 'I made a promise at the General Election to do everything possible to unlock land at Moorside for new nuclear. Some people thought it was a dead-end or a cynical promise that would be broken after the election. It hasn't been easy, but we've done it. 'Having the Prime Minister's backing is a real vote of confidence in West Cumbria and our people and I know we will rise to the challenge. 'Now we have the government behind us and an agreement on use of the land we can motor ahead to deliver Pioneer Park at pace. I can't promise we will get new nuclear, but unlocking this land gives us our best chance since the collapse of NuGen. 'What I can promise is I will do everything in my power to secure our nuclear future. We deserve nothing less. 'I'd also like to put on record my thanks to my fellow MPs, Cumberland Council, the NDA and Sellafield for working together so constructively to get this over the line. When Cumbrians are united, there's nothing we can't do." Markus Campbell-Savours MP, Michelle Scrogham MP, Julie Minns MP, Josh MacAlister MP and Cumberland Council leader Cllr Mark Fryer following a meeting of the Cumberland Nuclear Future Board with Energy Secretary Ed Miliband (Image: Submitted) Cllr Mark Fryer, leader of Cumberland Council, said: 'A clean energy development at Moorside is great news for Cumberland and West Cumbria in particular as it would help grow and diversify our future economy. 'The main driver for me is generating enough power at Moorside, by whatever means, to attract industry and technology to Cumberland that will sustain our economy and create jobs for west Cumbrians long after the inevitable downturn in decommissioning at Sellafield. 'While I am open to all clean energy developments that benefit our community, new nuclear build, in the form of Small Modular Reactors, would unquestionably provide us with the most power capacity for the size of land being made available and give us our best chance of achieving our ultimate goal of attracting industry, technology and jobs into our community. 'The council is fully committed to working with the NDA to understand how we can deliver maximum value and benefit from the land at Moorside for the local community.' Cllr Joseph Ghayouba, who represents Bransty on Cumberland Council, said: "This announcement is welcome news after years of jam tomorrow promised by Tory governments. This puts us in control of our own destiny for that site and I will be working with the MP and within the council to bang the drum for jobs and investment." The plan also has the backing of Cumberland's other MPs. In a joint statement, Julie Minns MP, Markus Campbell-Savours MP and Michelle Scrogham MP said: 'We've all been part of the Cumberland Nuclear Future Board from the beginning because of the benefit that would be felt right across the area from new nuclear development in West Cumbria. 'We stand fully behind the plan to unlock land at Moorside and welcome the Prime Minister's backing to drive this forward at pace. 'We'll be working through the board to ensure Pioneer Park is a success and delivers real and lasting benefits from Carlisle to Barrow.' Mr MacAlister is hosting a public meeting to discuss his plan for new nuclear in West Cumbria on Thursday, June 26 at 6pm in Whitehaven. Anyone wishing to attend can sign up at or by calling his office on 01946 458023 and leaving your full name and address. Venue details will be provided following registration.
