Construction under way on €72mn Kozloduy nuclear plant expansion
Construction has officially commenced on a multi-million-dollar nuclear plant in Bulgaria.
The Kozloduy nuclear plant, a €72mn project that will be used to store long-term radioactive waste that has previously been safeguarded in reinforced concrete.
The Bulgarian energy ministry officially announced that ground had been broken on the three-platform depot, with a capacity of 138,200 metres, located in the 3-km “surveillance zone” zone of the Kozloduy plant.
“The construction of the national radioactive waste depository is extremely important for the development of nuclear energy in Bulgaria,” Energy Minister Temenuzhka Petkova said.
The plant will be used for storage of nuclear waste for the next 60 years.
An agreement for expansion plans was announced in January 2016, between Kozloduy Nuclear Power Plant plc and a consortium of Russia’s Rusatom Services and Bulgaria’s Risk Engineering Ltd.
Speaking at the announcement, Rosatom said the contracted work includes an assessment of the "technical condition and justification of the residual service life" of the reactor equipment, the thermal and mechanical equipment of the first and second circuits, the diesel generator power units, and other equipment, buildings and structures of Kozloduy 6 – which construction has officially commenced.
The entire work programme is expected to take two and a half years.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.