U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

China's Gas Market To Allow Foreign Investment

LCG, Dec. 10, 2002--Ownership of local natural gas distribution networks by foreign investors will be allowed by the Chinese government, China Daily reported.

Xu Dingming, director-general of the Industrial Development Department of the State Development Planning Commission, said yesterday, "Overseas investors are encouraged to invest in or take controlling shares in local gas distribution networks along the trunklines." In April, investment rules indicated that controlling stakes should be held by foreign companies in joint ventures in major cities, including Shanghai and Beijing. The guidelines issued then marked the opening of the country's gas infrastructure to foreign investment.

Already, companies in Hong Kong have negotiated deals with growing cities in the Shangdong, Jiangsu and Guangdong provinces. Projections have put annual growth of China's demand for natural gas at 10 percent, encouraged in part by the government's wish to reduce the country's dependence on coal. A 4,000-kilometer (approximately 2,500-mile) west-east pipeline has been under construction since July, and will allow further linkages between different regions of the country, and with Russia.
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