Soaring demand for electricity will drive a $350 billion nuclear spending boom in the US, boosting output from reactors by 63% by 2050. The investment will add 53 gigawatts of reactor capacity, bringing the total nuclear fleet to 159 gigawatts, driven by power-hungry data centers running artificial intelligence systems. The expansion will primarily use small …
The New Nuclear Age: Why the World Is Rethinking Atomic Power After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance. Executive Summary Throughout history, the commercialization of new forms of energy has given rise to fossil …
During World Nuclear Week in Moscow, Uzbekistan and Russia signed two pivotal agreements, marking significant progress toward the construction of Uzbekistan’s first nuclear power plant (NPP). The first agreement, a Supplementary Agreement on Implementation Terms, expands on a prior June 20, 2025 accord between Rosatom Energy Projects JSC and Uzbekistan’s State Enterprise “Directorate for NPP …
Rosatom has agreed to build new reactors with total capacity of 5GW in the southern Hormozgan province. Tehran and Moscow have signed a $25bn deal to build four nuclear power reactors in southern Iran, according to Iranian state media. Friday’s announcement comes as the United Nations Security Council is expected to vote on a China- and Russia-backed …
In Brief In August 2025, Taiwan’s nationwide referendum on extending operations at Maanshan Nuclear Power Plant failed despite receiving 74.2 per cent approval from voters, as low turnout meant affirmative votes fell short of the required threshold. Initiated by the opposition Taiwan People’s Party and backed by the Kuomintang, the referendum reflects rising pro-nuclear sentiment, …
Senior diplomats of Korea and the Czech Republic have agreed to work closely together to ensure the smooth completion of the Korea-led construction of two nuclear power plants in the European country, Seoul’s foreign ministry said Thursday. The two countries have finalized the estimated $18 billion project after overcoming long-standing legal hurdles involving foreign rivals, …
Russian and Iran signed a memorandum of understanding on Wednesday on the construction of small nuclear power plants in Iran, Russian state nuclear corporation Rosatom said. The agreement was signed by Rosatom chief Alexei Likhachev and Iran’s top nuclear official, Mohammad Eslami, at a meeting in Moscow. Rosatom described it as a “strategic project”. Eslami, …
India and France have held detailed discussions on advancing the strategic partnership, including civil nuclear energy, and defence and security cooperation, with a special focus on small and modular reactors (SMRs), said people familiar with the matter. Building SMRs in India with support from France was the key focus at the second meeting of the India-France Special …
Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official. Established as a thermal-based power generator in 1975, NTPC Ltd (erstwhile National Thermal Power Corporation Ltd), has been increasing its capacity while diversifying into …
Sweden’s government will ask the Parliament to approve state loans worth $23.4 billion (220 billion Swedish crowns) to companies to build nuclear reactors in the Scandinavian country. Sweden plans to build two new nuclear reactors by 2035 in a hedge on low-carbon energy security, with 10 new reactors hoped for by 2045. The Swedish government moved to …