Rolls-Royce has reversed course on its plan to construct at least one nuclear facility in the UK, citing ongoing delays in a government design competition for its SMR program. The initial proposal included two factories, but the company is scrapping plans for a pressure vessel manufacturing facility due to time constraints. Rolls-Royce will now procure […]
This week, the DOE, the Department of the Treasury, and the IRS jointly awarded X-energy’s fuel-focused subsidiary, TRISO-X, a $148.5M tax credit through the Inflation Reduction Act of 2022. The credit is meant to support construction of a tri-structural isotropic (TRISO) fuel production facility in Oak Ridge, TN.
Across a few of its business arms, Rolls-Royce has been working on building nuclear systems that can keep things running in the space environment. Now, the company has secured a contract with NASA to develop additional supporting technology for those spacecraft.
Even as the nuclear renaissance emerges, the fact remains that fossil fuels aren’t going anywhere. But that doesn’t mean that nuclear producers can’t wedge themselves into the oil market.
While nuclear power companies around the globe have spent billions building small modular reactors over the last decade, the hype is giving way to hard financial realities—and investors are taking notice.
TerraPower’s construction permit application for an advanced nuclear plant is officially in the NRC’s hands.
Pushing the fusion industry forward is all about public-private partnerships. At least, that’s the high-level takeaway from a meeting of UK and US fusion leaders yesterday in Washington, DC.
NuScale ($SMR) posted its Q4 and FY2023 financial results on Thursday. It was a tough year for the SMR developer, which missed its earnings targets in each quarter of 2023 and shuttered its much-anticipated Carbon Free Power Project in November. The company reported a $56.4M net loss in Q4 and a $180.1M net loss over […]
A newly reopened US reprocessing plant is shipping its first batch of uranium after a 16-year hiatus. enCore Energy Corp. has produced the first shipment of reprocessed uranium produced at the Rosita plant in South Texas. The Rosita plant is acting as a central processing site for a handful of sites across the state, turning […]
Amazon is taking the nuclear route to power its next data center project.
