Critical Minerals and Energy Intelligence. Stay Ahead.

Italy votes in favor of nuclear power; Poland signs $4bn loan for nuclear reactors; Finland starts Europe’s largest nuclear reactor.

As Germany shuts down it’s remaining nuclear reactors, much of the rest of Europe is moving towards new national programs for nuclear power as part their efforts to secure green energy supply.

The Italian parliament, led by Giorgia Meloni, has voted in favor of a motion to “examine the opportunity to include nuclear in the national energy mix as an alternative and clean source of energy production”.

“We will now discuss with our European partners and evaluate, with the utmost attention, how to include it in the national energy mix of the next decades with the aim of achieving, also with the help of nuclear power, the decarbonisation objectives set by the European Union”
— Italian energy ministry

The vote in Italy comes weeks after Poland’s state-owned energy company secured a US$4 billion loan from two US government financial institutions to develop up to 20 new nuclear reactors.

Finland’s Olkiluoto 3, a 1.6 gigawatt nuclear reactor, reportedly now Europe’s largest reactor, has started operations and is expected to have a lifespan of up to 60 years. It is Finland’s first new nuclear plant in more than40 years and Europe’s first in 16 years.

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