NuScale Power, LLC (“NuScale”) has entered into a business combination agreement with Spring Valley Acquisition Corp. (NASDAQ: SV) The combined company, which will be named NuScale Power Corporation, will have an estimated pro-forma enterprise value of approximately $1.9 billion and will be listed under the ticker symbol “SMR” upon closing Transaction includes a $181 million …
U.S. officials say the development of commercial advanced nuclear reactors intended to help combat global warming and enhance national security will need a better supply of the right type of nuclear fuel The development of commercial advanced nuclear reactors intended to help combat global warming and enhance national security will need a better supply of …
Today, U.S. Representatives Anthony Gonzalez (OH-16) and Elaine Luria (VA-02) introduced the Accelerating Nuclear Innovation through Fee Reform Act, legislation designed to accelerate innovation and catalyze private sector investment in advanced nuclear reactor technologies by eliminating Nuclear Regulatory Commission (NRC) review fees for advanced reactor license applications. Currently, advanced nuclear companies face onerous application costs that can …
Southern China’s first nuclear heating phase-one demonstration project was put into operation on December 3 to provide winter heating service to about 460,000 square meters of residential property and benefit nearly 4,000 people in Haiyan county of Zhejiang province. Using residual thermal power from the Qinshan Nuclear Power plant of the China National Nuclear Corporation …
The chairman of the U.S. Nuclear Regulatory Commission said he’s intrigued by the kind of small nuclear power plant the military wants to install at Eielson Air Force Base near Fairbanks. “The safety features that they have …(are) kind of passive safety features, right?” Chairman Christopher Hanson said at a U.S. Senate hearing last week. “It doesn’t …
Today, Ontario Power Generation (OPG) is announcing it will work together with GE Hitachi Nuclear Energy to deploy a Small Modular Reactor (SMR) at the Darlington new nuclear site, the only site in Canada currently licensed for a new nuclear build. Leveraging a strong Ontario-based supply chain, this clean energy project will create jobs across …
Critics call small reactors an expensive and unrealistic ‘nuclear fantasy’ The Yukon government is looking for ways to reduce the territory’s emissions, and wondering if nuclear power is one way to go. The territory is undertaking a feasibility study, to determine whether there’s a future for SMRs — small modular reactors — as a low-emissions …
Another milestone achieved in construction of the innovative BREST-OD-300 fast neutron reactor at the site of the Siberian Chemical Combine, a subsidiary of Rosatom’s TVEL Fuel Company, as the pouring of the nuclear island’s foundation slab has been completed. The BREST-OD-300 foundation slab, 90 x 82 meters and 2.5 meters thick, consists of nine separate …
Battelle Energy Alliance, NASA seek industry partners to design nuclear power system for lunar applications Battelle Energy Alliance, contractor for the U.S. Department of Energy’s Idaho National Laboratory, and NASA are seeking proposals from nuclear and space industry leaders to develop innovative technologies for a fission surface power (FSP) system for lunar power applications. The …
Russia’s newest nuclear-powered icebreaker, the Sibir, has left the Baltic Shipyard and headed into the Gulf of Finland for sea trials. Two more identical ships are under construction at the shipyard near Saint Petersburg. Sibir is the first series-produced universal icebreaker of so-called Project 22220, after the first of that class, the Arktika, which entered operation a year …
