X-energy completes design step for next-gen nuclear reactor

X-energy said it completed the basic design of its high-temperature gas-cooled reactor, a milestone development announced by the U.S. Department of Energy’s nuclear office. Maryland-based X-energy has received funding from DOE to further develop its Xe-100 advanced reactor design and TRISO-X particle fuel. The six-year project resulted in X-energy completing the Xe-100’s basic design and fabricating its first …

V.SYH Closes $3.50 Million Private Placement of Flow-Through Units

Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) announces that it has closed a non-brokered private placement financing for total gross proceeds of CAD $3,500,319.84 (the “Private Placement”). The Private Placement was subscribed for by two strategic institutional investors. Skyharbour has allotted and issued 7,292,333 units (the “Units”) at a price of CAD $0.48 per Unit. Each Unit is …

The CHIPS and Science Act Offers Support to Advanced Nuclear and Fusion Industries

The Act includes significant funding to ensure long-term U.S. competitiveness in the advanced nuclear sector. Investment in existing and new university nuclear infrastructure will support next-generation nuclear technologies and professionals. Funding isotope production will promote the long-term availability of medical and other isotopes. Funding for a variety of entities will support research, development and demonstration …

Japan PM Kishida orders new nuclear power plant construction

Japan is entering a new phase in its nuclear energy strategy, with Prime Minister Fumio Kishida ordering Wednesday the development and construction of next-generation nuclear power plants. This marks a major shift from the country’s post-Fukushima policy of backing away from the building of new nuclear power plants. The move would help Japan reduce its …

Buoyed by the Incentives for Clean Energy Storage and Generation in the Inflation Reduction Act, Holtec Ramps Up SMR-160 and Green Boiler Programs

Holtec’s SMR-160, 160 MW Electric Nuclear Reactor We hail the passage of the Inflation Reduction Act, which includes landmark provisions to support deployment of nuclear power and other clean energy technologies. This Act will turbocharge the rise of nuclear energy in the U.S., including Holtec’s SMR-160 small modular reactor power plants, which are engineered to …

For Korea’s nuclear business ambitions, it’s all in the taxonomy

A nuclear reactor in Barakah, the United Arab Emirates [YONHAP] The “K-taxonomy” could help Korea in signing nuclear power projects overseas, but the green energy classification may not be enough for investors. A green taxonomy is a list of economic activities considered environmentally sustainable. It describes which activities and assets that can be defined as …

U.UEC Completes Acquisition of T.UEX Corporation to Create the Largest Diversified North American Focused Uranium Company

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) and UEX Corporation (TSX:UEX, “UEX”) are pleased to announce the closing of the previously announced plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act, pursuant to which UEC acquired all of the issued and outstanding common shares of UEX that it did not already …