TerraPower undertakes a large private capital fundraise in support of advanced nuclear deployment. TerraPower, a leading nuclear innovation company, announced today the close of an equity raise that yields a minimum of $750 million. This is one of the largest advanced nuclear fundraises to-date. The fundraise was co-led by SK Inc. and SK Innovation (collectively, …
In a historic vote, the House passed the Inflation Reduction Act (IRA), including the vital provisions for clean energy sources like nuclear. The bill now heads to President Biden’s desk to be signed into law. The following statement can be attributed to Maria Korsnick, president and chief executive officer at the Nuclear Energy Institute: “Today’s House vote …
More nuclear reactors must be restarted for Japan to ensure stable power supply for next summer and beyond, according to the nation’s newly appointed trade minister. “Beyond next summer, it’s important to keep restarting new nuclear power plants,” Yasutoshi Nishimura told reporters in Tokyo on Friday. “The government will work with operators to make sure …
The reactor pressure vessel (RPV) has been hoisted into place at unit 2 of the Zhangzhou nuclear power plant in China’s Fujian province. Zhangzhou 2 is the second of two Hualong One units being built at the site, scheduled to enter commercial operation in 2024 and 2025, respectively. The RPV – weighing 316 tonnes – …
A Nuclear Energy Institute (NEI) survey suggests U.S. utility members expect to add up to 90 GW of new nuclear generation by the 2050s, including more than 300 new small modular reactors (SMRs) in the U.S. over the next 25 years. The nuclear industry group’s survey, unveiled on July 29, sought to gather input from chief …
Senior Nuclear Engineer Randall Granaas takes a radiation reading at the ISFSI at the shuttered San Onofre Nuclear Generating Station in California on April 21, 2022. (Photo by Paul Bersebach/MediaNews Group/Orange County Register via Getty Images) Constrained by the capacity limits of renewable energy and ambitions to reduce reliance on fossil fuels, nuclear energy is …
More money will be committed to nuclear energy as the current government seeks to revive an industry greatly weakened by the previous government. It is committing 130.6 billion won ($99.8 million) this year, up from the previously announced 92.5 billion won. The Ministry of Trade, Industry and Energy on Wednesday signed an agreement with Korea …
China is expected to further expand its installed nuclear power capacity during the 2022-25 period as the country goes full speed ahead with its green energy transition, eyeing carbon neutrality by 2060, said an industry group. Prompted by the goal of peaking carbon emissions and achieving carbon neutrality, China is expected to approve six to …
Dow and X-energy announced that they have signed a letter of intent which will help Dow advance its carbon emissions reduction goals through the development and deployment of X-energy’s advanced small modular nuclear technology in the U.S. Dow and X-energy collaborate on intent to provide process heat and power at one of Dow’s U.S. Gulf …
The House of Representatives is scheduled to vote Friday on the bill, which includes major tax credit provisions to spur emissions-free energy, electric vehicles, nuclear power and clean hydrogen. The Senate approved the Inflation Reduction Act on a party-line vote Sunday, sending the bill to the House of Representatives for a scheduled vote on Friday. …