South Korea’s Nuclear Utility Commits $40M to TerraPower
South Korea is taking its support for foreign SMR development to the next level.
Commercial
Deep Fission Emerges with $4M Seed
The next hotspot for nuclear reactor construction is underground. At least, that’s the future reactor startup Deep Fission wants to make happen. The company emerged from stealth last week with $4M in seed funding and a vision to use borehole drilling to plant SMRs a mile beneath the surface of the Earth. This approach would […]
Teaming Up for Commercial Nuclear Shipping
With the amount of goods traveling every day on massive container ships across the oceans, it stands to reason that those ships could use a nuclear boost—and developers of Gen IV reactors want to make it happen. This week, UK-based nuclear startup Core Power announced that it entered into an agreement with Lloyd’s Register, a […]
Kairos V2 Passes with Flying Colors
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 and the UK Take Nuclear Power Spacebound
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 […]
Fusion Is Growing, and Governments Want to Help
Commercial fusion companies brought in $900M in funding over the last year, per the latest annual report from the Fusion Industry Association (FIA).
EDF Exits the UK’s SMR Competition
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.
Kairos Wraps ETU 1.0 Testing
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.
AWS’ Nuclear-Powered Data Center Gets Pushback
There’s a fight brewing in Pennsylvania over the future of an AWS project that would hook a new data center directly up to the Susquehanna nuclear power plant. The story so far: In March, AWS made waves when it announced it had purchased a $650M data center campus from Talen Energy that had a direct […]
NANO Nuclear’s Cooling Tech Acquisition Sends Stock Surging
NANO Nuclear Energy ($NNE) is having a good week. The newest nuclear energy IPO on the market is trading up nearly 46% since Monday morning and reached an intra-day high of $36.14 per share on Tuesday.