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Annual maintenance outage begins at Finland's Loviisa nuclear power plant, spanning August 2 to October 18

The annual maintenance of Finland's Loviisa nuclear power plant began on August 2. Energy company Fortum stated that this annual maintenance will be carried out from August 2 to October 18. During the maintenance period, several modernization projects related to extending the plant's service life will also be launched. The maintenance will first be carried out on Unit 2, followed by Unit 1. Fortum stated that while one unit is under maintenance, the other unit will continue normal power generation. The maintenance of Unit 2 is a large-scale annual inspection conducted once every eight years, which includes removing fuel from the reactor for inspection and pressure testing of the reactor vessel, as well as replacing...

2026-08-03

Rosatom Expects Revenue of $43.2 Billion in 2026

Rosatom expects its revenue to reach $43.2 billion in 2026, driven primarily by new products, international operations, and expansion in nuclear energy, technology, and logistics. The company plans to continue scaling up in the coming years, targeting consolidated revenue of approximately $50.8 billion by 2028, with businesses related to new technologies expected to grow by about 50%. To support this growth target, Rosatom will maintain an investment program exceeding $11.4 billion, focusing on projects that yield the best financial returns. Rosatom is actively implementing cost control and efficiency improvement measures, aiming to increase productivity by 12% annually and achieve a 10% wage increase...

2026-08-03

US Utility Xcel Energy's Nuclear Plant Life Extension Boosts Q2 Earnings Significantly

Xcel Energy, a multi-state regulated electric and gas utility headquartered in Minneapolis, USA, achieved significant earnings growth in the second quarter, primarily driven by reduced depreciation expenses resulting from extended operating lives of its nuclear power plants. The company extended the expected operating lives of its nuclear plants to 2050 and beyond, thereby lowering quarterly depreciation costs and positively impacting its financial performance. Despite a decline in operating revenues, net income still grew by 32% to $586 million, with diluted earnings per share rising from $0.75 to $0.93. The extension of nuclear plant operating lives does not imply an immediate increase in cash flow or power generation...

2026-08-03

Greenpeace accuses Spanish Nuclear Safety Council of improperly renewing Almaraz nuclear power plant license until 2030

The Spanish Nuclear Safety Council (CSN) recently issued a favorable report on extending the operating license of the Almaraz nuclear power plant until 2030. However, the environmental organization Greenpeace has questioned this decision, arguing that the report fails to comply with current nuclear safety regulations. They point out that Council member Francisco Castejón abstained from the vote on approving the extension of the Almaraz plant's lifespan, which indicates blind spots in the assessment process. Greenpeace further emphasized that the handling of this extension application is also problematic, as no new Periodic Safety Review (PSR) was conducted, instead relying on the previous assessment that concluded in June 2018...

2026-08-01

Two UK nuclear power plants approved for life extension until March 2030

EDF Energy and Centrica announced on July 22 that the operational lives of the Heysham 1 and Hartlepool nuclear power stations in the UK will be extended by another two years, until March 2030.Located in northern England, the Heysham 1 and Hartlepool nucl

2026-07-23