NuScale Power Corporation has announced the opening of the first privately-funded NuScale Energy Exploration Centre (E2 Centre) at Seoul National University (SNU) in partnership with GS Energy Corporation, Doosan Enerbility and Samsung C&T Corporation. The E2 Centre offers users a hands-on opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant …
Nornickel starts talks with Russia’s state nuclear energy company Rosatom on the building of a small-scale nuclear power station in Norilsk. A memorandum of understanding was this week signed by Nornickel owner and CEO Vladimir Potanin and Rosatom General Secretary Aleksei Likhachev. It outlines the building of a small-scale nuclear power station in the far …
The foundation for the world’s first nuclear power ultra-large high-level seawater cooling tower has been laid at unit 1 of the Lianjiang plant in China’s Guangdong province, State Power Investment Corp (SPIC) announced. The final concrete for the circular foundation of the tower was poured on 12 November. The foundation is more than 10 metres …
The country needs to decarbonise. Its renewables face charges of intermittency. Is nuclear the answer? On December 14 last year, Union minister of state for Atomic Energy and Space Jitendra Singh made an announcement with far-reaching consequences. In a written reply to the Lok Sabha, Singh said the Bharatiya Janata Party-led NDA government will commission …
Centrus Energy delivers first batch of uranium that’s critical for advanced reactors The 93 currently active nuclear-power reactors in the United States burn about 2,000 tonnes of uranium fuel each year. However, the type of uranium fuel those reactors use is not going to cut it for the advanced reactors expected to go on line in the …
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that, on November 9, 2023, it sold to MMCAP International Inc. SPC (“MMCAP“) the remaining unpaid balance of $20 million owed under the Secured Convertible Note (the “Note“) issued to the Company by enCore Energy Corp. (“enCore“) as partial consideration for …
A NuScale reactor module. The company and its partner, the Utah Associated Municipal Power Systems, announced Wednesday that they had decided to terminate a 462 MW small modular reactor project in Idaho. Permission granted by NuScale Power, LLC NuScale and the Utah Associated Municipal Power Systems determined that the 462-MW project would likely not reach a sufficient subscription level …
Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today its operating and financial results for the three and nine months ended September 30, 2023. Global Atomic – TSX30 – OTC (CNW Group/Global Atomic Corporation) Global Atomic President and CEO, Stephen G. Roman commented “Further to our Q2 2023 update regarding the Republic …
Lawmakers on Thursday approved a proposal that would allow companies to develop new nuclear power generation in Illinois for the first time since 1987. House Bill 2473 does not entirely lift the 36-year-old moratorium on nuclear construction. Instead, it creates a regulatory structure for the construction of small modular nuclear reactors, or SMRs. The bill limits …
John Ciampaglia, CEO of Sprott Asset Management joins CNBC’s Fast Money to talk about the uranium market and share Sprott’s views on the benefits of nuclear energy and the need for energy security. Video Transcript Fast Money’s Melissa Lee: Meantime, uranium prices are trading around 15-year highs and the miners have moved up over the past six months. …
