New nuclear fuel production unit for Ukraine
Yesterday, Ukrainian officials announced that American nuclear developer Westinghouse will build a nuclear fuel production unit to help the country reduce its reliance on Russia.
"We agreed to diversify supplies for almost half of nuclear reactors and to build a nuclear fuel plant on the territory of Ukraine," Energy and Coal Industry Minister Ihor Nasalyk said at a press conference.
Agreements were reportedly reached during Nasalyk’s most recent visit to the United States. Currently, Russia supplies nearly 95 percent of the fuel for Ukrainian nuclear plants.
The one-time Soviet republic has been trying to establish independence from Russia since a violent pro-EU revolution forced then-president Viktor Yanukovych into exile in 2014.
In the same year, Kiev signed a six-year delivery deal with Westinghouse for the supply of nuclear fuel. Today, two reactors in the country are running on Westinghouse fuel.
Kazakhstan’s Tengri News has reported that Russia has repeatedly stated that US fuel is not safe for use in Ukrainian nuclear plants which were built in Ukraine by the Soviet Union.
At present, Ukraine has four nuclear power stations and 15 production blocks.
Westinghouse’s Swedish nuclear production facilities will build the country’s nuclear fuel production unit at an undisclosed later date.
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.