U.UEC Completes Acquisition of T.UEX Corporation to Create the Largest Diversified North American Focused Uranium Company

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) and UEX Corporation (TSX:UEX, “UEX”) are pleased to announce the closing of the previously announced plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act, pursuant to which UEC acquired all of the issued and outstanding common shares of UEX that it did not already …

$60/MWh for advanced nuclear electricity is achievable, says GE Hitachi executive

Small modular nuclear reactors can be developed with a levelized cost of electricity of about $60/MWh, Jon Ball, executive vice president of market development at GE Hitachi Nuclear Energy, said Friday on a panel hosted by the U.S. Energy Association. The company is developing the 300-MW BWRX-300 small modular reactor. A recent poll by the Nuclear Energy Institute predicted …

Boris Johnson approves funding for multibillion-pound Sizewell C nuclear plant

Boris Johnson has greenlit funding for a new multibillion-pound nuclear power station, triggering concerns among some of Liz Truss’s allies that it could limit her economic vision. Whitehall sources confirmed the prime minister and Chancellor Nadhim Zahawi have given the financing go-ahead for the construction of the Sizewell C nuclear reactor in Suffolk. Private funding will be sought …

China begins mass production of its Hualong-1 nuclear power units

A night view a Hualong-1 construction site at Changjiang Nuclear Power Plant. /Photo provided by Hainan Nuclear Power China’s self-developed third-generation nuclear power unit Hualong-1 has entered the quantity production phase after the unit’s first commercial operation in January last year. Two new Hualong-1 units are under construction at the Changjiang Nuclear Power Plant in …

Pressure vessel installed at Zhangzhou unit 2

The reactor pressure vessel for unit 2 of the China National Nuclear Corporation (CNNC) Zhangzhou nuclear power plant was hoisted into place on Aug 9 in East China’s Fujian province, completing a prerequisite for the subsequent installation of the inner dome and the welding of the main pipeline. This is another major step forward for the installation …

CNNC SMR Linglong One wraps up construction of retaining walls

The construction of the world’s first commercial onshore small modular reactor (SMR), the Linglong One, hit another milestone with the last tank of concrete being poured into the underground retaining walls of its conventional island at the Changjiang nuclear power plant, South China’s Hainan province, on Aug 13. The Linglong One, also known as ACP100, is a …

Poland amends laws to speed investment in nuclear energy

Poland’s Council of Ministers has adopted a draft act amending the act on the preparation and implementation of investments in nuclear power facilities and associated investments, the country’s National Atomic Energy Agency (Państwowa Agencja Atomistyki) announced. The main goal of the changes is to shorten the time of investment implementation. In September last year, it …

Emerging small reactors projected to provide 90 GW of nuclear power to the US grid by 2050: NEI survey

Dive Brief: The push for carbon-free energy will drive the growth of small modular reactors, or SMRs, with 300 of them expected to be online by 2050 supplying 731 TWh of power, according to the results of a survey the Nuclear Energy Institute conducted with a subset of its member utilities and released Aug. 5. The 19 …