This week’s energy news includes the announcement of Canadian, Polish, and US companies committing $400m to advance nuclear small modular reactors (SMRs) and the publication of the IPCC’s final word on the last five years of climate research, which is dire. Elsewhere, electric scooters and EV charging in India attracted around $350m while zero-emissions cargo ships landed $139m. There were also fundraising successes for German ESG software provider IntegrityNext, French solar power producer Girasole Energies, and several other companies. In terms of employment opportunities, CTVC is seeking a London-based data engineer to help the company level up its data operation. SMRs are a category of advanced nuclear fission reactors that generate between 50 MW and 500 MW of power and could improve financing, siting, manufacturing, and safety in comparison with traditional reactors. As SMRs still require some site customisation, a partnership between several companies to complete the base design and initial regulatory approval of Canada’s GE Hitachi’s small modular reactor BWRX-300 should set up the technology for later deployments across North America and Europe. Last Energy announced a series of power purchase agreements to build up to 34 more SMRs across Poland and the UK. In Europe, SMRs could become cost-competitive with coal and gas by 2030, according to Wood Mackenzie, although there will be challenges related to the sourcing of required fuel. Younger generations appear more interested in nuclear energy, although it remains a heavily-regulated and capital-intensive industry, which makes public support and financing challenging.
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It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...
