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 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 …
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 …
NuScale Power Corp’s (SMR.N) design for a new kind of nuclear reactor is adequate to protect the project from damage by earthquakes, staff at the U.S. nuclear power regulator said in documents seen by Reuters on Friday. Last month, Reuters reported that Dan Dorman, the NRC’s executive director for operations, ordered agency staff to document their evaluation …
Construction of energy station of Tianwan nuclear power plant, in East China’s Jiangsu Province, designed to provide an industrial steam supply, launched on Friday, the first-of-its-kind project in China. It marks an important step in the diversification of China’s nuclear power use, in addition to electricity generation and residential heating. The steam generated by the …
Senior representatives from Rolls-Royce SMR, the UK’s domestic nuclear energy champion, have toured the land to the South of Sellafield Site with Trudy Harrison, Member of Parliament for Copeland. The visit was part of work to identify opportunities for Small Modular Reactor (SMR) power plants – each capable of producing 470MW of electricity. Alastair Evans, …
Gov. Mike Dunleavy on Tuesday signed legislation that could help bring nuclear microreactors to Alaska in the coming years, in an effort to help villages lower high electricity prices. Senate Bill 177, introduced by the governor early this year and passed by the Alaska Legislature, streamlines regulatory procedures so that Alaska communities can pursue using the …
