NPP construction: Kazakhstan and Russia to sign intergovernmental agreement by year-end

Chairman of the Kazakh Nuclear Energy Agency Almassadam Satkaliyev answered the questions of journalists concerning the nuclear power plant construction, Kazinform News Agency reports. He said the NPP cost will be determined based on a technical and economic feasibility study. Satkaliyev said he cannot reveal the details since the indicative parameters are protected by official …

World Bank Group, IAEA Formalize Partnership to Collaborate on Nuclear Energy for Development

Rafael Mariano Grossi, Director General of the International Atomic Energy Agency, and Ajay Banga, President of the World Bank Group, sign a partnership agreement to collaborate on the safe, secure and responsible use of nuclear energy for development. (Photo: M Arnaldo/World Bank) The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement …

SMRs return to Korea’s energy mix amid AI-driven power surge

Amid surging demand and limited grid capacity, SMRs emerge as controversial but viable option Small modular reactors or SMRs are reemerging in the national energy conversation as South Korea reevaluates its energy strategy, driven by a sharp rise in electricity demand from artificial intelligence and data center expansion. The new liberal administration under President Lee …

Vietnam Seeks Urgent Talks With Russia to Speed Nuclear Energy

Vietnam is seeking urgent discussions with Russia in an effort to accelerate its nuclear energy program, flagging risks to the country’s goal of having a reactor in operation by the end of the decade. The government has asked authorities to “urgently organize negotiations” with Russia to move forward on signing an investment cooperation agreement for …

New York to Build One of First U.S. Nuclear-Power Plants in Generation

Gov. Hochul directs state’s public electric utility to add at least 1 gigawatt of new nuclear-power production New York intends to build a large nuclear-power facility, the first major new U.S. plant undertaken in more than 15 years and a big test of President Trump’s promise to expedite permitting for such projects. Gov. Kathy Hochul said in an interview …

Ontario nuclear plan could boost uranium mining

Ontario is preparing to expand its nuclear energy capacity to meet rising electricity demand, a move that could support uranium consumption and create opportunities for critical-mineral development. The Energy for Generations plan, released this month, sets out Ontario’s integrated long-term strategy to modernize the grid, expand transmission and guide power supply as demand is expected to rise …

TerraPower lands $650M from NVIDIA’s investment fund, Bill Gates and others

Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. Next-gen nuclear power company TerraPower today announced $650 million in new funding. The round includes new investor NVentures, the venture capital arm of leading computer chip maker NVIDIA, as well as current investors Bill Gates, who helped found the company, and HD …

China to nearly double nuclear power capacity by 2040 in rapid build-up

The reactor-building spree would make China by far the world’s largest nuclear power generator, while the US strives to revive its own industry China will nearly double its nuclear power capacity by 2040, making it by far the world’s largest nuclear power generator, according to a new report by the China Nuclear Energy Association (CNEA). …

Government Eyes Closer Energy Cooperation with Canada

“It is in Hungary’s strategic interest to cooperate as closely as possible with Canada, as it is the world’s second largest country in terms of area, with vast untapped natural resources and energy potential,” according to a statement issued by Levente Magyar, Parliamentary State Secretary for Foreign Affairs and Trade in Toronto.  Following the talks, …

Slovakia Near Deal With US for Westinghouse to Build Nuclear Reactor, PM Fico Says

  Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday. Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet …