The Nuclear Regulatory Commission has had a busy June. In the past two weeks, the NRC has adopted new rules and policies to help advanced reactor companies get to market faster. These actions are in line with the administration’s executive orders last month, which aim to establish support for new nuclear and create pathways for […]
The Bill Gates-backed SMR company just got a fresh flush of cash. TerraPower announced that it closed a massive $650M funding round on June 18. “As AI continues to transform industries, nuclear energy is going to become a more vital energy source to help power these capabilities,” Mohamed Siddeek, corporate VP and head of NVentures, […]
Over the weekend, the US surreptitiously sent a fleet of B-2 stealth bombers armed with bunker-buster bombs and a submarine carrying Tomahawk missiles to target three nuclear infrastructure facilities in Iran. For years, Iran has insisted upon its right to enrich uranium, saying that it aims to develop its domestic nuclear energy program. While it’s […]
Big Tech is checking every nook and cranny for energy that can fuel a rapid and massive expansion of data centers. Nuclear has become a major part of that hunt, to the benefit of both traditional and advanced nuclear providers. But while one of the biggest deals between a nuclear operator and a hyperscaler has […]
The US has a nuclear fuel problem. It’s just not very good at producing it. There are few to no domestic options for uranium conversion and enrichment, and the development of advanced fuels for new reactors is limited to small batches and upstart operations. Standard Nuclear aims to fix the production deficit. This week, the […]
A major fusion funding round just hit Europe. Proxima Fusion has been working on developing a stellarator, a type of magnetic confinement fusion machine, for the last two years since it spun off from the Max Planck Institute for Plasma Physics (IPP). Now, Proxima has raised a €130M ($151M) Series A round of funding to […]
Nuclear power is playing in the big leagues when it comes to attracting capital around the world. Each year, the International Energy Agency (IEA), an independent intergovernmental organization formed by the Organisation for Economic Cooperation and Development (OECD), counts up the dollars flowing into energy globally. This year, nuclear energy technologies are expected to pull […]
Why build a whole new nuclear power plant when you’ve got a perfectly good one already running? That’s the motivation behind a deal between data giant Meta and energy utility Constellation. This week, Meta agreed to a 20-year power purchase agreement for the entire output of the Clinton Clean Energy Center in Illinois beginning in […]
Go big or go home. NuScale Power ($SMR) announced last week that it has received NRC standard design approval for its second SMR plan. This reactor has the capacity to produce 77 MW of energy, compared to the 50 MW version of the design that the regulator approved in 2020. “With today’s announcement, NuScale continues […]
As the advanced nuclear sector gets closer to commercialization, firms are eyeing the public markets for access to capital and to take advantage of public excitement for a potential new, clean, safe energy source. Terrestrial Energy is the latest nuclear firm to finalize plans to go public. The molten salt reactor company announced in March […]
