It’s that time of year again—nuclear energy companies trading in the public markets have started reporting their earnings for Q2 and H1. So far, Cameco and Kazatomprom have phoned in with results, and we’re here to share the highlights. Cameco stays the course The Canadian uranium producer reported last week that it’s on track to […]
Investor enthusiasm for fusion is alive and well. Our proof: a fresh batch of funding to the tune of $53.5M for Type One Energy, a startup building a stellarator in Tennessee. The investment completes Type One’s seed round, which stands at a grand total of $82.4M after the company announced a $29M portion last year. […]
Korea’s fusion development is about to get a major government windfall as the nation races toward commercial opportunities. Last week, South Korea’s National Fusion Energy Committee, an office within the Science Ministry, announced that it would start a 1.2T won ($866M) program to bolster domestic commercial fusion development. The funding, separate from the vast amounts […]
Kairos Power has a second safety-approved reactor design on the books. The company announced this week that its Hermes 2 reactor—the follow-on to the Hermes demo reactor—has passed a key safety review by the NRC, notching a key milestone on the path to a construction permit. Build, baby, build: It’s been about a year since […]
Rolls-Royce has its tech on land, at sea, and in the air, so there’s only one place left to go—space. The company announced this morning that it won a £4.8M ($6.2M) award from the UK Space Agency under the country’s National Space Innovation Programme (NSIP). The award will help Rolls-Royce push forward on developing its […]
Commercial fusion companies brought in $900M in funding over the last year, per the latest annual report from the Fusion Industry Association (FIA).
Russia is still occupying Europe’s largest nuclear power plant, Ukraine’s Zaporizhzhya, and the UN is trying to apply pressure to get it back into Ukrainian control.
This week, Électricité de France (EDF), the French state power company, withdrew its Nuward SMR concept from a key UK program just before the competition’s latest deadline. The Nuward SMR concept is experiencing some growing pains, and the company doesn’t have a design ready for primetime.
The International Thermonuclear Experimental Reactor (ITER), an international collaboration on a fusion test reactor, has delayed its first operations to 2034…nearly half a century after the project was first envisioned in 1986 and nine years after the most recent target start date.
Kairos has notched another milestone on the way to deploying its first Hermes molten salt reactor by completing testing on its first engineering test unit.
