Consumer advocates still have cost concerns, though. The General Assembly will take another look at legislation that would allow the state’s two biggest electric utility companies to request ratepayer funds to cover costs of early development for small modular nuclear reactors. SMRs are well-described by their name. They’re smaller than a traditional reactor — those …
Koya Capital will seek funding for Stratek Global, a South African nuclear design company. South African nuclear company Stratek Global and technology consultancy Koya Capital have entered into a partnership to secure the financing and construction of a R9bn ($480m) first-of-a-kind reactor in South Africa. The new HTMR-100 reactor, being developed in Pretoria, produces 100MW of …
Steady Energy – Finnish developer of the LDR-50 small modular reactor – has signed a collaboration agreement with TVO Nuclear Services related to the development of a nuclear heating plant, initially focusing on the planning of the nuclear facility’s operation and safety. TVO Nuclear Services (TVONS) is a consulting company wholly owned by Finnish utility …
Senator Jim Risch(R-Idaho) U.S. Senators Jim Risch (R-Idaho) and Mark Warner (D-Va.) today announced the launch of the Senate Advanced Nuclear Caucus. The Senate Advanced Nuclear Caucus will amplify the critical role nuclear energy plays in the United States, explore emerging nuclear technologies, and promote the goals and priorities of the U.S. nuclear industry. “America must maintain its leadership in nuclear energy development. From lighting the first nuclear powered lightbulb to groundbreaking advanced reactor …
A large holding company is looking to build in Butte, and their plans include utilizing nuclear energy. At Wednesday night’s Council Of Commissioners meeting, the head of XGen informed the local legislative body of their intentions to relocate here from Florida. XGen has the backing of Westinghouse and is seeking to build a nuclear power …
Holtec International is on the verge of doing something that’s never been done before in the nuclear sector: bringing a nuclear plant back to life. The company is working to repower the Palisades Nuclear Generating Station in Michigan by 2025 and received a conditional commitment of up to $1.52 billion in loan guarantees from the U.S. Department …
Molten salt reactors (MSRs) represent a fascinating intersection of nuclear history and modern innovation. The concept of using molten salts as both a coolant and fuel carrier dates back to the 1950s, with the pioneering work of Alvin Weinberg and his team at Oak Ridge National Laboratory (ORNL). In 1965, ORNL successfully operated the Molten …
Russias state agency Rosatom has extended an enticing offer to Bangladesh, proposing the establishment of several small-scale nuclear power plants known as Small Modular Reactors (SMRs) in Bangladesh. These innovative reactors boast a maximum capacity of 300 MW, gaining traction globally for their streamlined construction processes compared to their larger counterparts. On March 2, 2024, during a meeting, …
Refiner looks to build SMRs for clean power use in refineries Indian Oil’s R&D director Sharma speaks in New Delhi State-run Indian Oil Corp. Ltd. is in preliminary talks with India’s atomic power monopoly to build small nuclear units, an early-stage technology seen as a cost-effective alternative to larger plants. The refiner and fuel retailer is exploring …
The U.S. Department of Energy (DOE) today released an information guide for communities considering replacing their retired or retiring coal power plants with nuclear power plants. The guide is based on a technical study that found transitioning from a coal plant to a nuclear one would create additional higher paying jobs at the plant, create hundreds of additional jobs …