World-1st nuclear reactor-powered ‘civilian’ ship to raise half-a-billion dollars

To enable worldwide adoption, CORE POWER aims to build advanced reactors, designed for commercial insurance approval. Shipping nuclear propulsion startup CORE POWER will shortly reach its funding milestone of $500 million, which will allow it to finish the technology design and move on to the next steps. The startup, based in the United Kingdom, is planning to …

Nuclear Island of CNNC Zhangzhou Nuclear Power’s Unit Fourth Starts Construction

The fourth nuclear power unit on the second phase of the Zhangzhou nuclear power project in Zhangzhou, Southeast China’s Fujian province, recently started the pouring of its first batch of concrete, marking the full-scale construction of the nuclear power plant installed with Hualong One technology. According to China National Nuclear Corporation (CNNC), Hualong One is …

New nuclear clean energy agreement with Kairos Power

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 …

Third city in Finland to pioneer SMR for heating

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 …

EDF Seeks to Raise Up to £4 Billion to Help Fund Construction of UK’s Hinkley Nuclear Plant

Electricite de France SA is holding talks with investors over funding for the Hinkley Point C nuclear power plant under construction in the UK, as the French utility grapples with the ballooning cost of the project. EDF is seeking to raise as much as £4 billion ($5.2 billion) through a bespoke financial instrument which would …

Italy eyes Westinghouse, EDF as partners for nuclear-power firm, sources say

 Italy is considering U.S. energy group Westinghouse or France’s EDF as potential international partners for a state-backed company that will build advanced nuclear reactors in the country, two sources familiar with the matter said on Thursday. Nuclear-fired power plants are prohibited in Italy following referendums in 1987 and 2011. But the government plans to draft …