Global Energy News Roundup: June 23

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy

Tepco Acknowledges, Apologizes for Fukushima Cover-up shutterstock_180490238

The president of Tokyo Electric Power Co. acknowledged that its delayed disclosure of the meltdown of three reactors at Fukushima equated a cover-up. For two months after the accident, Tepco described the condition as “core damage,” avoiding the word “meltdown,” even though utility officials knew and computer simulations suggested meltdowns had occurred.

Source: CBS News, U.S. News & World Report

NRA Grants License Extensions

The Japanese Nuclear Regulation Authority (NRA) ruled that two aging reactors at Takahama nuclear power plant can stay online for up to 20 more years. This is the first exception granted under tighter safety rules imposed after the Fukushima accident in 2011. The NRA ruled that Takahama reactors No. 1 and No. 2 meet all safety guidelines and will receive the extension.

Source: Japan Today, NuclearStreet

 Diablo Canyon Nuclear Power Plant

California Nuclear Plant to Close

Pacific Gas & Electric Co. will be closing its Diablo Canyon nuclear plant outside of Avila Beach, California.  In the proposed deal announced by PG&E, the company partnered with leading environmental groups allowing licenses for the two reactors to expire in 2024 and 2025 in exchange for environmental groups backing PG&E’s application to renew its license to operate the plant’s used fuel storage plant.

Source: LA Times, World Nuclear News

WNA Reports the Nuclear Not on Track to Meet Climate Goals

A new report by the World Nuclear Association finds that nuclear reactors are not being built rapidly enough globally to meet climate change targets. The association says that 1,000 GW of new nuclear capacity must be added by 2050 for nuclear to supply approximately 25% of global electricity.

Source: Reuters

Toshiba Plans to Build 45 Nuclear Reactors by 2031

Toshiba’s new CEO, Satoshi Tsunakawa, confirmed the company’s previously-stated goal of building 45 new nuclear power reactors globally by 2031.  Toshiba cites global warming concerns and growing energy use in emerging economies as factors that will increase demand for nuclear power in the coming decades.

Source: Reuters