nuclear plants

Canada's new nuclear strategy aims to build up to 10 new plants, requiring private investment to offset high construction costs. The government plans to de-risk projects to attract large investors, including pension funds.

Extreme heat in Europe has disrupted train networks, with tracks at risk of buckling. The crisis also threatens nuclear plants and factories, highlighting infrastructure vulnerabilities.

Europe’s heat wave is straining electricity grids due to surging air conditioning demand and reduced solar and wind generation. Britain’s grid faced supply tightness with prices spiking to $740 per megawatt, while France’s nuclear plants offline from cooling issues and Germany/UK anticipate record June electricity prices.

Europe is experiencing a severe heat wave with record temperatures in Britain and Switzerland, resulting in at least 48 deaths in France and 20 drowning-related deaths in Germany. The crisis has led to school closures and the shutdown of nuclear power plants.

Japanese SoftBank’s group announced 45 billion euros of investment in France by 2031 and the opening of three data centres. Data centre operators are choosing the country because it has space to expand and ample electricity thanks to its nuclear plants.

Chancellor Rachel Reeves plans to increase the UK government's windfall tax on low-carbon electricity generators to curb rising household energy bills. The tax, introduced in 2022, targets excess profits from older renewable and nuclear plants amid soaring electricity prices following Russia's invasion of Ukraine.