A young fusion firm in Sweden has closed a funding round in its quest to harness the power of the atom. Novatron Fusion is working toward building a stable and easily manufacturable fusion machine using magnetic confinement. Last week, it closed a €10M funding round to push it into the next stage of development: building […]
Kazakhstan has long been one of the world’s top producers of uranium to fuel nuclear reactors around the globe. Now it’s gearing up to reap the benefits at home. This week at the National Kurultai, an assembly of the country’s leadership, Kazakh President Kassym-Jomart Tokayev signed a decree establishing a national nuclear energy agency. The […]
First Light Fusion is going through changes. Until recently, the fusion developer planned to build a fusion plant of its own, but a few weeks ago announced it would take a different tack. Instead of pursuing a commercial fusion machine, First Light will commercialize its amplifier technology to support the burgeoning fusion sector. “If the […]
With the resurgence in nuclear power development comes a surge in fuel demand. Around the globe, once-abandoned uranium mining and enrichment projects are gaining steam, and companies are on the hunt for untapped uranium deposits to exploit. This search is driven, in part, by an increase in the spot price of uranium over the last […]
In its bid to develop an inherently safe molten salt reactor, Amsterdam-based Thorizon has raised a €20M ($21.7M) batch of funding. The round of funding—part of the company’s Series A—was led by the Dutch National Promotional Institution, and included participation from Positron Ventures, PDENH, and Impuls Zeeland. In the round announcement, Thorizon signaled that it’s […]
It was bound to happen sometime. The problem of Yucca Mountain has once again reared its ugly head—this time, in the form of the Supreme Court case Nuclear Regulatory Commission v. Texas. The case deals with a license the NRC awarded to allow the construction of a private, temporary nuclear waste storage facility in the […]
The Lone Star State is positioning itself as the most pro-nuclear state in the union, and industry is taking notice. The latest to take up the reins in Texas: microreactor developer Last Energy. On Friday, Last Energy announced that it secured a site in Haskell County in north Texas, near Abilene, to build 30 microreactors […]
In a country where it’s tough to find broad bipartisan support for most anything, fusion energy has managed to buck the trend. At least, that’s how it sounded from the stage Wednesday afternoon at the Fusion Industry Association meeting, where the US House Fusion Energy Caucus co-chairs and vice chairs reassured the industry that they’re […]
The world needs more energy—we think we can all agree on that. That new energy ought to be clean, firm, and abundant. The fusion industry is rising to meet that challenge. Realta Fusion is tackling the problem via the magnetic mirror approach, which—like many fusion concepts—was explored back in the ‘70s before falling off the […]
It’s pricey to get a new reactor design approved. That comes as no surprise to the advanced nuclear sector, which is all too familiar with the extended timelines and high price of licensing its tech. But now, it appears the NRC has heard the industry’s pleas. In a notice published Feb. 19 in the Federal […]
