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 …
The former Three Mile Island nuclear power plant in Pennsylvania may restart in 2027, about a year ahead of schedule after being put on a fast track to connect to the regional grid, executives with the plant’s owner Constellation Energy said on Wednesday. Constellation struck a deal last September to power Microsoft data centers, paving …
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 …
Among the rising demand for critical minerals is a surge in uranium mining stocks that corresponds to advancements in artificial intelligence (AI) and a push for greater use of nuclear energy. Many people are viewing nuclear energy as a viable source due to its low greenhouse gas profile while also delivering the highest capacity. Essential to nuclear energy is …
Apollo (NYSE: APO) today announced that Apollo-managed affiliates, funds, and strategic accounts have signed an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (“EDF”) pursuant to its €50 billion Euro Medium Term Note (“EMTN”) program. Proceeds from the financing will be used primarily to finance EDF projects …
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 …
Centre may consider amendments to Atomic Energy Act, Civil Liability for Nuclear Damage Act as promised by Finance Minister while announcing nuclear energy mission; could remove hurdles for private investment The Union government may consider legislation to amend aspects of the Atomic Energy Act and the Civil Liability for Nuclear Damage Act in the upcoming Monsoon Session …
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 …
The 18-month timeline halves NRC’s “generic schedule” for a construction permit application. But Dow is unlikely to greenlight the Texas project before 2028, a spokesperson said. The U.S. Nuclear Regulatory Commission could approve construction of X-energy’s first commercial small modular reactor deployment by the end of 2026, the company said Monday. The 18-month review timeline would …
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 …
