Amazon.com Inc. and billionaire financier Ken Griffin are among the backers anchoring a $500 million investment in small nuclear reactors, a burgeoning technology heralded as the next era for atomic energy. The Seattle-based company has signed agreements to develop the new breed of reactors — dubbed small modular reactors, or SMRs — in both Washington …
To accelerate the clean energy transition across the U.S., we’re signing the world’s first corporate agreement to purchase nuclear energy from multiple small modular reactors (SMR) to be developed by Kairos Power. Since pioneering the first corporate purchase agreements for renewable electricity over a decade ago, Google has played a pivotal role in accelerating clean …
Keravan Energia, a Finnish energy utility, has signed an agreement with technology company Steady Energy Oy to develop nuclear-powered district heating. This marks Kerava as the third Finnish city to consider small modular reactor (SMR) technology for heating purposes, following earlier initiatives in Kuopio and Helsinki. Should the project proceed to investment, construction of the …
Emulating the demand-aggregation approach Boeing used for the 787 Dreamliner could create a “committed orderbook” of 5-10 new reactors of the same design and cut near-term deployment costs, DOE says. Faster-than-expected load growth and Inflation Reduction Act incentives have spurred “a step change in the valuation of the existing [nuclear] fleet and new reactors,” the …
The industry association believes that this can become a structural solution to the energy supply problem Italian steelmakers are interested in purchasing nuclear power, Antonio Gozzi, president of the Italian steelmakers’ association Federacciai, said at a recent hearing in the Chamber of Deputies. This is reported by ANSA. Federation members are following with interest the development of …
Google’s top executive confirmed the company is working on large-scale data centers that would use more than 1 GW of power. Sundar Pichai, CEO of Google and Alphabet, in a speech last week at Carnegie Mellon University in Pittsburgh said small modular nuclear reactors (SMRs) could possibly be used to generate the needed electricity. Pichai …
Poland is financing the construction of its first nuclear power plant with an allocation of 60 billion zloty, strengthening its energy independence and creating major economic opportunities. The Polish government’s decision to invest 60 billion zloty in the construction of its first nuclear power plant marks a decisive milestone in the country’s energy strategy. The project is …
India has envisaged a significantly greater role for nuclear power over the next two decades to ensure the dual challenge of energy security and climate goals is met, Atomic Energy Commission Chairman Ajit Kumar Mohanty has said. Addressing the 68th General Conference of the International Atomic Energy Agency (IAEA) in Vienna on Monday, Mohanty also …
Kursk Nuclear Power Plant A government agency in Russia has published a draft plan for the expansion of nuclear power in the country that calls for construction of as many as 34 new reactors by 2042. The Unified Energy System of Russia recently released the plan (translated from Russian), writing that it is open for consultation …
At the U.S.-Africa Nuclear Energy Summit in Nairobi, Under Secretary of State for Arms Control and International Security Bonnie Jenkins, joined by U.S. Department of Energy Deputy Assistant Secretary Aleshia Duncan, Ghana Deputy Minister of Energy Collins Adomako-Mensah, and Ghana Ministry of Energy Chief Director Wilhelmina Asamoah, observed a significant milestone in civil nuclear cooperation …
