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POWER: Italy to Unveil €3bn Energy Support, Lift Nuclear Ban and Explore SMRs

POWER
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Italy is set to unveil a €3bn support package to help households and SMEs manage high energy costs, with additional measures aimed at reviving nuclear power, Deputy Prime Minister Matteo Salvini said, cited by Yahoo News.

  • The package will provide €2bn for households and €1bn for SMEs set to last three months.
  • The length is due to Salvini hoping that gas prices will fall as summer approaches and that a potential ceasefire in the Russia-Ukraine conflict could offer relief to energy markets.
  • Additionally, legislation to lift the 40-year nuclear ban is also on the agenda – including introducing SMRs, a representative of the energy ministry said.
  • Italy is in discussions with companies like Westinghouse and EdF to collaborate on nuclear energy projects to decarbonise industries such as steel, glass, and tile manufacturing, the government said, previously reported by MNI.
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Italy is set to unveil a €3bn support package to help households and SMEs manage high energy costs, with additional measures aimed at reviving nuclear power, Deputy Prime Minister Matteo Salvini said, cited by Yahoo News.

  • The package will provide €2bn for households and €1bn for SMEs set to last three months.
  • The length is due to Salvini hoping that gas prices will fall as summer approaches and that a potential ceasefire in the Russia-Ukraine conflict could offer relief to energy markets.
  • Additionally, legislation to lift the 40-year nuclear ban is also on the agenda – including introducing SMRs, a representative of the energy ministry said.
  • Italy is in discussions with companies like Westinghouse and EdF to collaborate on nuclear energy projects to decarbonise industries such as steel, glass, and tile manufacturing, the government said, previously reported by MNI.