The first companies to deploy a new technology—like an advanced reactor, for example—take on a lot of risk in the process. This week at the ANS summer meeting, US Secretary of Energy Jennifer Granholm announced a new DOE funding initiative to ease that first-mover burden.
The Department of Energy released its 2024 Fusion Energy Strategy, which outlines its three pillars for advancing domestic commercial fusion energy alongside the private sector.
Fusion is the word on the DOE’s lips this week. The agency is taking concrete steps toward its commitment to the commercial fusion sector, finally awarding a set of previously announced grants and announcing a brand-new program to support tech development in the sector.
The nuclear industry can breathe a little easier knowing that trafficking of nuclear and radioactive material remained low in 2023, according to the annual fact sheet published Monday by the Incident and Trafficking Database (ITDB), a branch of the UN nuclear energy watchdog agency.
The Canadian provinces of Alberta and Saskatchewan have individually explored nuclear power generation. Now, they plan to pool their resources in the name of clean energy production and decarbonization.
The US is shutting its doors to Russian uranium. This week, the Senate unanimously passed a near-total ban on imports of the nuclear fuel from Russia, seeking to sever ties and apply pressure as the country continues its war in Ukraine. “Our bipartisan legislation will help defund Russia’s war machine, revive American uranium production, and […]
France announced last week that the European Commission approved its bid to grant €300M ($321.6M) in aid to Electricité de France (EDF) Nuward subsidiary as it develops SMR technology.
This week, the DOE, the Department of the Treasury, and the IRS jointly awarded X-energy’s fuel-focused subsidiary, TRISO-X, a $148.5M tax credit through the Inflation Reduction Act of 2022. The credit is meant to support construction of a tri-structural isotropic (TRISO) fuel production facility in Oak Ridge, TN.
Curio Legacy Ventures has secured $14M in new funding to support the development of its nuclear fuel recycling systems, the company announced on Thursday.
Across a few of its business arms, Rolls-Royce has been working on building nuclear systems that can keep things running in the space environment. Now, the company has secured a contract with NASA to develop additional supporting technology for those spacecraft.
