Reports $383.7 million of total capital available to fund strategic growth plan, including upsized $341 million raised through successful merger with Spring Valley Acquisition Corporation Maintains significant commercial momentum year-to-date with three new active engagements in the United States and Europe, expanded coalition of strategic partners and investors in the U.S., South Korea and Japan, …
The governor of a prefecture in western Japan has made clear his intention to agree to the restart of a reactor at a nuclear power plant in the prefectural capital. Shimane Governor Maruyama Tatsuya told a prefectural assembly meeting on Thursday that he would give the nod to bringing back online the No.2 reactor at …
The government of Saudi Arabia sent an inquiry last week on the construction of two 1.4 GW nuclear power plants. The inquiry was sent to South Korea, France, China and Russia and the project size is estimated at 12 trillion won. According to industry sources, the Saudi government sent it to South Korea because the …
The government will spend 399.2 billion won ($321 million) over the next six years to foster small modular reactor (SMR) businesses. The plan to develop the country’s new growth driver has gained serious traction after passing the government’s feasibility test which is required for large, long-term state-run projects, the science and industry ministries said Wednesday.SMRs …
The meltdown of the Fukushima nuclear power plant in 2011 essentially put the nail in the coffin of the construction of big nuclear power plants with similar technologies in the U.S., according to nuclear proponents and watchdogs. That disaster, along with earlier accidents, ongoing delays and cost overruns at the Vogtle nuclear plant in Georgia, …
Xcel Energy has begun work at the Prairie Island Nuclear Plant on a project that could expand business and aid the company’s 2050 carbon neutrality goal. Xcel says the pilot, for which the U.S. Department of Energy allocated $12 million, will create the potential for Prairie Island to use excess carbon-free nuclear energy to make …
A development of small modular reactors (SMRs) at the Czech Republic’s Temelín nuclear power plant would be known as the South Bohemia Nuclear Park, according to a memorandum to set up the park signed by the utility ČEZ, the South Bohemian government, and the UJV Rez research organisation. While the Czech government supports ČEZ’s plans …
Ukraine’s Energoatom has taken a UAH1.5 billion (USD51 million) loan from Ukrgasbank to buy more nuclear fuel from Westinghouse. It follows the energy giant’s decision to stop using Russian fuel earlier this year. In a statement Energoatom said “the borrowed funds will increase the purchase of American fuel and ensure the efficient operation of Ukrainian …
The concreting has been completed of the inner containment dome of unit 1 at the Zhangzhou nuclear power plant in China’s Fujian province, China National Nuclear Corporation (CNNC) affiliate China Nuclear Industry 24 Construction Company (CNI24) has announced. Zhangzhou unit 1, the first of two Hualong One units at the site, is scheduled to enter …
A Wisconsin utility executive is stepping up his sales job for the idea of adding a new nuclear power plant in the state. The proposal has supporters and critics. The two reactors at the Point Beach nuclear plant north of Manitowoc continue to generate electricity, including for We Energies customers. There’s even a controversial proposal to keep …