Two South Korean national financial institutions – Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM) – have each entered into agreements with Holtec International and Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world. Holtec participated in the Korea-US Advanced Industry and Clean Energy Partnership Event …
The nuclear industry’s big bet on going small. Inside the Transient Reactor Test Facility, a towering, windowless gray block surrounded by barbed wire, researchers are about to embark on a mission to solve one of humanity’s greatest problems with a tiny device. Next year, they will begin construction on the MARVEL reactor. MARVEL stands for Microreactor …
Several American startups are working on building a new generation of small reactors that could push nuclear energy into a new phase, with support from the US government. During a recent hearing before the House Appropriations Committee, US Secretary of Energy Jennifer Granholm restated the “importance of nuclear energy” for the current administration regarding America’s …
OSGE Vice President Dawid Jackiewicz handed in the application to the ministry on 27 April, the company said in a tweet (Image: OSGE) Orlen Synthos Green Energy (OSGE) has submitted applications to Poland’s Ministry of Climate for a decision-in-principle on the construction of power plants based on GE Hitachi Nuclear Energy’s BWRX-300 small modular reactor …
The Palisades Nuclear Generating Station previously supplied 5 percent of Michigan’s electricity. Just months after it was supposedly shut down for good, a Michigan nuclear power plant could come roaring back to life with help from the very company charged with its demolition. According to an AP report published on Wednesday, Holtec Decommissioning International hopes to resurrect the 800 megawatt …
The chairman of one of China’s top nuclear energy firms expects a massive surge of atomic plants in the coming decades to help the country meet its decarbonization goals. China’s nuclear fleet will grow to 400 gigawatts by 2060, and account for about 18% of the country’s generation, China General Nuclear Power Group Co. Chairman …
Agreements to cooperate on small modular reactors (SMRs) have been signed between South Korean and US companies during a visit by Korean President Yoon Suk-yeol to the USA. Doosan Enerbility and the Export-Import Bank of Korea (KEXIM) signed a memorandum of understanding (MoU) to cooperate with NuScale Power, while SK and Korea Hydro & Nuclear …
Kansai Electric Power has asked Japan’s Nuclear Regulation Authority (NRA) for permission to extend the lifespan of units 3 and 4 at its Takahama nuclear power plant by 20 years. Under regulations which came into force in July 2013, Japanese reactors have a nominal operating period of 40 years. One extension to this – limited …
First concrete has been poured for the nuclear island of unit 4 at the Haiyang nuclear power plant in China’s Shandong province. It marks the official start of construction of the second of two CAP1000 pressurised water reactors planned as Phase II of the plant. The pouring of concrete began on 22 April and was …
Energoatom President Petro Kotin at the signing ceremony (Image: Energoatom) Up to 20 Holtec SMR-160 plants will be built in Ukraine under a cooperation agreement signed between Holtec International and Ukrainian national nuclear operator Energoatom. The agreement calls for the first plant to begin supplying power by March 2029. The agreement was signed on 21 …
