Hitachi Ltd. and General Electric Co. will jointly develop a new type of nuclear power plant with small modular reactors, sources close to the matter said Monday. The two companies, which have been long-time partners in the nuclear business, aim to commercialize the reactors, said to be cheaper to produce and safer to run, in …
NuScale Power has selected BWX Technologies (BWXT) of Virginia to begin engineering work to manufacture its small modular reactor (SMR). 83 companies from 10 countries have been vying for the project over the past 18 months. NuScale picked BWXT as the best firm to refine its design for manufacturing, assembling and transporting the SMR design. …
It’s clear that electric cars will have a huge impact on battery metals — but not many investors realise the impact they will have on demand for uranium. Electric vehicles (or “EVs”) will be charged from mains power around the clock, dramatically increasing power demand from the electricity grid in coming years. Nuclear power is expected to play a crucial role …
EDF will have to close its older nuclear power stations at a faster pace if France sees more development of new third-generation reactors, according to energy minister Francois de Rugy. “If we want to build new EPRs [European pressurised reactors], it would mean that we would have to close old plants even more quickly,” he …
The electrification of transport could potentially offer many opportunities for nuclear generation, Brandon Munro told the World Nuclear Association Symposium 2018 in London today. The acceleration in global sales of electric vehicles (EVs) over the past six years is a key litmus test signalling the reality of this shift, the CEO of Bannerman Resources said. …
Westinghouse Electric Company is starting the next phase in its long history with one key message: The nuclear industry, which has always provided safe, clean and reliable energy, needs innovation now more than ever before. Speaking at the World Nuclear Association Symposium 2018 in London, Westinghouse President and CEO José Gutiérrez described the company’s strategy following its …
The preliminary design of the Yanlong swimming pool-type low-temperature reactor for district heating has been completed, China National Nuclear Corporation (CNNC) announced yesterday. CNNC launched its independently researched and developed Yanlong reactor (referred to as the DHR-400) for district heating in November 2017. The move came shortly after the “49-2” pool-type light-water reactor developed by …
The post Yellow Cake Debut described the capital raising effort of one of the newest players in the uranium supply chain. Yellow Cake leadership brought the aspiring intermediary to the capital market at a critical time for uranium producers. The uranium market has been in an extended trough period since the industry peak in 2007. At that time …
Japan will launch a public-private initiative to develop next-generation nuclear reactors that are safer and less expensive, hoping to spur a renewal of aging plants and keep atomic power as a viable energy source. The Ministry of Economy, Trade and Industry is in talks to create a forum within fiscal 2018 that will include power companies and reactor …
Will Japan continue its participation in a French nuclear reactor development project that has an uncertain prospect of being put to practical use? The matter should be thoroughly studied by the government. The French nuclear power authority has announced that the development of a fast reactor called ASTRID (Advanced Sodium Technological Reactor for Industrial Demonstration), …