Holtec’s SMR-160, 160 MW Electric Nuclear Reactor We hail the passage of the Inflation Reduction Act, which includes landmark provisions to support deployment of nuclear power and other clean energy technologies. This Act will turbocharge the rise of nuclear energy in the U.S., including Holtec’s SMR-160 small modular reactor power plants, which are engineered to …
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 …
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 …
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 …
The world’s first commercial land-based small modular reactor, or SMR, is under construction in southern China’s Hainan Province. Our reporter Zheng Yibing visited the power plant where the unit is located. China’s building the demonstration project of the “Linglong-1,” a small modular reactor in the country’s southern island province of Hainan. It’s the world’s first such type …
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 …
