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Tag: constellation energy

Constellation Energy’s earnings skyrocket as investors eye AI

May 13, 2024, 9:30AMANS Nuclear Cafe

Investor’s Business Daily reported May 10 that the first-quarter earnings of Constellation Energy, the largest operator of nuclear power plants in the United States, surged 858 percent to reach a share price of $2.78, partly as a result of promising expectations regarding demand for artificial intelligence data centers. The S&P 500 stock value of Constellation jumped 3.7 percent on May 8 to $208.

Nuclear Energy 101 ends on nuclear applications note

January 22, 2024, 3:02PMANS News

Nuclear Energy 101, the five-course educational series for congressional staffers, came to a close in October with its final talk. This seminar series is a fun—and popular—tool for ANS to explain the basics of nuclear science and technology to and network with Capitol Hill denizens. After a long hiatus, the series returned in March 2023, and delivered five successful courses.

European firms partner to explore nuclear for hydrogen production

November 13, 2023, 7:00AMNuclear News
Concept art of a Rolls-Royce SMR plant. (Image: Rolls-Royce)

ULC-Energy, a nuclear development and consultancy company based in the Netherlands, has signed a memorandum of intent with Danish carbon emission reduction technology firm Topsoe and Britain’s Rolls-Royce SMR to investigate the production of hydrogen using Topsoe’s solid oxide electrolysis cell (SOEC) technology and electricity and heat from a Rolls-Royce small modular reactor plant.

Constellation completes ownership stake in Texas plant

November 6, 2023, 7:00AMNuclear News
The South Texas Project nuclear power plant. (Photo: STP Nuclear Operating Co.)

Constellation Energy announced last week that it has completed its acquisition of NRG Energy’s 44 percent ownership stake in the South Texas Project nuclear power plant.

Texas kicks off effort to make state a leader in new nuclear

October 3, 2023, 12:04PMNuclear News
PUCT commissioner Jimmy Glotfelty leads the discussion at the Texas Advanced Nuclear Reactor Working Group’s first public meeting, on September 28. (Image: PUCT)

The Texas Advanced Nuclear Reactor Working Group—formed recently by the Public Utility Commission of Texas (PUCT) at the direction of Gov. Greg Abbott—hosted its first public meeting last Thursday to discuss the group’s organizational structure and outline a plan to turn Texas into a national leader in the use of advanced nuclear energy.

Lawmakers debut resolution supporting nuclear energy

August 3, 2023, 12:11PMNuclear News

Coons

Budd

A bipartisan coalition of 15 senators led by Sens. Ted Budd (R., N.C.) and Chris Coons (D., Del.) is backing a resolution declaring that “in order to maintain geopolitical energy leadership, reduce carbon emissions, and enhance the energy security of the United States, the Senate is committed to embracing and promoting nuclear power as a clean baseload energy source necessary to achieve a reliable, secure, and diversified electric grid.”

The resolution, S. Res. 321, was introduced July 27 and referred to the Energy and Natural Resources Committee.

Fellow fission fans: Cosponsors of S. Res. 321 include Sens. Cory Booker (D., N.J.), Sherrod Brown (D., Ohio), Kevin Cramer (R., N.D.), Mike Crapo (R., Idaho), Lindsey Graham (R., S.C.), Mark Kelly (D., Ariz.), Joe Manchin (D., W.Va.), Pete Ricketts (R., Neb.), Jim Risch (R., Idaho), Kyrsten Sinema (I., Ariz.), Thom Tillis (R., N.C.), Mark Warner (D., Va.), and Roger Wicker (R., Miss.).

Framatome ATF assembly completes first cycle at Calvert Cliffs

July 27, 2023, 2:46PMNuclear News

Framatome’s Protect EATF assembly. (Photo: Framatome)

The nuclear industry’s first 100 percent accident tolerant fuel assembly has successfully completed its initial cycle of operation at a U.S. nuclear power plant, Framatome announced earlier this week.

Following 24 months of operation at Constellation Energy’s two-unit Calvert Cliffs nuclear power plant in Lusby, Md., testing and inspections confirm that Framatome’s lead Enhanced Accident Tolerant Fuel (EATF) assembly safely withstood in-reactor conditions and performed as designed, according to the French-based company.

"The accelerated delivery and proven performance of our technology reflects the dedication and expertise of our people with the collaborative support from the industry,” said Lionel Gaiffe, senior executive vice president of Framatome’s fuel business unit. “Collectively, we are one step closer in the qualification of our Protect EATF technology for the nuclear industry. With the adoption and implementation of our enhanced technologies, our industry partners continue to demonstrate their commitment to enhance the safety and performance of their reliable, low-carbon, energy operations.”

Promising nuclear technologies receive $22.1 million from DOE

May 10, 2023, 12:01PMNuclear News

The Department of Energy yesterday announced the awarding of $22.1 million to 10 industry-led nuclear projects, including two aimed at expanding clean hydrogen production and one at advancing a microreactor design. Other projects selected for funding are focused on addressing nuclear regulatory hurdles, improving existing reactor operation, and facilitating new advanced reactor developments.

Abstracts for all 10 projects can be found here.

NPR podcast highlights perspectives on nuclear energy

April 14, 2023, 12:01PMANS Nuclear Cafe

Nuclear energy was the focus of a recent NPR 1A podcast episode, hosted by journalist Jenn White, who welcomed guests to discuss the role of nuclear energy in the future of the United States. The guests—Joe Dominguez, chief executive officer of Constellation Energy; Samantha Gross, director of the Energy Security and Climate Initiative at the Brookings Institution; and Edwin Lyman, director of Nuclear Power Safety for the Union of Concerned Scientists—participated in the episode, titled “Where Does Nuclear Energy Fit in a Carbon-Free Future?”

ANS panel discussion recaps CONTE 2023 presentations

March 16, 2023, 7:00AMNuclear News

For those who missed the recent Conference on Nuclear Training and Education: A Biennial International Forum (CONTE 2023), which was held on February 6–9 in Amelia Island, Fla., ANS hosted on March 9 an online panel discussion recapping selected highlights. The conference had the theme of “Maintaining Excellence Today—Building the Nuclear Workforce for Tomorrow!”

Four panelists summarized their CONTE presentations in the online discussion: Annaliese Piraino, instructional technologist at Energy Harbor’s Beaver Valley nuclear power plant; Sterling Parmenter, senior maintenance and technical instructor at Constellation Energy’s Nine Mile Point nuclear power plant; Lori Brady, senior director of human resources and training and development at the Nuclear Energy Institute; and David Helling, senior training advisor at Westinghouse Electric Company. The online event was moderated by Billy Wilson, senior engineer in nuclear training at Ontario Power Generation.

For more info on the CONTE meeting, visit CONTE 2023. Also available online is the recap webinar.

Constellation starts hydrogen production at Nine Mile Point

March 10, 2023, 12:00PMNuclear News
Constellation’s Nine Mile Point nuclear power plant. (Photo: Constellation Energy)

A nuclear-powered hydrogen production facility has commenced operation at Constellation Energy’s Nine Mile Point plant, the company announced this week. The facility is the first of its kind in the United States to generate hydrogen using nuclear power, courtesy of the New York plant’s two boiling water reactors, the 620-MWe Unit 1 and 1,287-MWe Unit 2.

Northern States Power applies for Monticello SLR

February 1, 2023, 9:30AMNuclear News
Xcel Energy’s Monticello plant.

Southern plans second license renewal for Hatch

September 2, 2022, 7:04AMNuclear News
The twin-unit Hatch plant (Image: Southern Nuclear)

Southern Nuclear, operator of the two-unit Hatch nuclear plant, announced yesterday that it will seek subsequent license renewals (SLR) for both reactors.

UChicago researchers track neutrinos at Dresden plant using world’s smallest detector

March 7, 2022, 7:00AMNuclear News
Juan Collar led a team of UChicago physicists who built a lightweight, portable neutrino detector to observe the elusive interactions of the ghostly particles. (Photo: Jean Lachat)

Constellation Energy’s Dresden nuclear power plant in Illinois is helping University of Chicago researchers to detect neutrinos in an effort to advance knowledge of the fundamental laws governing particle and nuclear interactions. The researchers are taking advantage of the large number of neutrinos generated by Dresden’s boiling water reactors to conduct experiments, using what UChicago calls the world’s smallest neutrino detector to track and record the ghostlike particles.