Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of $4.5 billion comes at a …
Virginia Gov. Glenn Youngkin has a “moon shot” goal to ramp up nuclear energy. He’s aiming at Southwest Virginia, saying it “has an extraordinary workforce in the energy world.” Youngkin’s 2022 Virginia Energy Plan includes several recommendations in energy innovation. “Southwest Virginia has always been, and always will be about energy,” said Will Payne, director of Invest …
Hitachi also targeting small modular reactors in the UK together with GE After Japanese Prime Minister Fumio Kishida, in late August, ordered the development and construction of new nuclear power plants, Japan’s nuclear power plant builders are quickly following up with new and safer reactors. Mitsubishi Heavy Industries (MHI) on September 29 announced the conceptual design …
UK industry is uniquely placed to help allies replace use of Russian nuclear fuel The Government must back urgent investment in UK nuclear capability to cut Russian civil nuclear leverage over our allies, according to the All-Party Parliamentary Group on Nuclear Energy paper, “Resisting Russia’s Energy War: UK Nuclear Investment for Allied Energy Security”. Nuclear …
The groundbreaking ceremony at Seibersdorf (Image Dean Calma / IAEA) The International Atomic Energy Agency (IAEA) has held a groundbreaking ceremony at its Seibersdorf facility near Vienna to mark the start of construction on a new nuclear applications laboratories building. The new building will house three laboratories: Plant Breeding and Genetics (PBGL), Terrestrial Environment and …
Westinghouse and Ansaldo Energia’s Switzerland-based nuclear arm, Ansaldo Nucleare, will cooperate in developing a nuclear power plant based on lead-cooled fast reactor (LFR) technology. The two companies, which have separately spearheaded the development of fast-reactor designs, said they will advance a common design “to maximize synergies, combine experience in design, testing and licensing, and align respective partner and …
Mitsubishi Heavy Industries’ next-generation nuclear power reactor could be in operation by the mid-2030s. (Illustration courtesy of Mitsubishi Heavy Industries) Company partnering with Kansai Electric and three other energy companies Mitsubishi Heavy Industries will work with four local power utilities, including Kansai Electric power, to develop a nuclear reactor with enhanced safety features. As the Japanese government considers …
Nuclearelectrica and Nova Power and Gas launched RoPower Nuclear, a project firm for the development of small modular reactors in Romania on the site of a former coal plant. They plan to use NuScale’s technology to build a 462 MW nuclear power plant, with a possibility to add 80 MW in capacity from renewable energy …
The interest in small modular reactors (SMRs) means that building the industrial capacity to produce the numbers required is just one of the challenges for companies as they turn their visions into reality, World Nuclear Symposium heard. Both Jon Ball, executive vice president market development for GE Hitachi Nuclear Energy, and Rick Springman, senior vice president of …
A rendering of the Aurora powerhouse, a 1.5-MW fission power system being developed by Oklo Inc. Source: Oklo Inc. Oklo, the developer of the much-watched 1.5-MW Aurora microreactor, has submitted a recharged licensing project plan (LPP) with the Nuclear Regulatory Commission (NRC), launching a renewed effort that could help the advanced nuclear reactor developer set …