TerraPower undertakes a large private capital fundraise in support of advanced nuclear deployment. TerraPower, a leading nuclear innovation company, announced today the close of an equity raise that yields a minimum of $750 million. This is one of the largest advanced nuclear fundraises to-date. The fundraise was co-led by SK Inc. and SK Innovation (collectively, …
Dow and X-energy announced that they have signed a letter of intent which will help Dow advance its carbon emissions reduction goals through the development and deployment of X-energy’s advanced small modular nuclear technology in the U.S. Dow and X-energy collaborate on intent to provide process heat and power at one of Dow’s U.S. Gulf …
Nearly four decades after the Tennessee Valley Authority abandoned construction of more than half of the nuclear plants it once planned to build, the federal utility is moving forward again with plans to pursue the next generation of nuclear power. The federal utility said Tuesday it has an agreement with a nuclear manufacturer to pursue …
Today, Rep. Byron Donalds (R-FL) introduced the National Strategy to Utilize Microreactors for Natural Disaster Response Efforts Act. This legislation seeks to create consultation between the president and various federal government entities to develop a national strategy to utilize clean, reliable, and portable nuclear microreactors—instead of diesel generators—to assist with natural disaster recovery efforts. “Our …
The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reactor at Idaho National Laboratory (INL). If appropriated by Congress, the Versatile Test Reactor (VTR) would be the first fast spectrum test reactor to operate in the United States in nearly …
A defense contractor that supplied components for the earliest nuclear submarines will be tapping its military expertise to enter the race to build the next generation of nuclear reactors. BWX Technologies Inc. expects to complete a working prototype of a small, advanced reactor under a $300-million contract with the US Department of Defense. Providing power …
Today, more than 40 global participants announced the formation of the Nuclear Hydrogen Initiative (NHI), a coalition working to advance nuclear hydrogen as a critical climate solution. The initiative will engage policymakers, businesses, investors, and other key stakeholders to raise awareness of the important role nuclear hydrogen can play in delivering carbon-free, secure and affordable energy. NHI will …
Following a year-long process, X-energy has selected Zachry Group and the combined team of Burns & McDonnell and Day & Zimmermann as constructors to collaborate and work with the company on the next phases of design and deployment of its Xe-100 advanced reactor fleet in the USA. The Xe-100 is a high-temperature gas-cooled reactor, being …
Holtec says it wants to build its first SMR-160 small modular reactors (SMRs) for a four-unit power plant in the USA and to establish a “supersize factory to manufacture SMR-160s”, saying that the “first mover state will become the leader in the emerging industry”. The application for the second part of the loan comes …
John Gorman, president and chief executive of the Canadian Nuclear Association, says the oilsands is the biggest market for small modular reactors. An illustration of one of those reactors is shown here. (NuScale Power) The consortium Pathways Alliance is looking at small modular reactors to power the oil patch The pressing global need to slash emissions …