NuScale Power Sees Rocky Start to 2024
NuScale Power Corp. ($SMR), an Oregon-based SMR developer, posted Q1 financial results on Thursday, highlighting the company’s continued struggles following losses in 2023.
Commercial
NANO Nuclear Energy IPOs
NANO Nuclear Energy officially hit the NASDAQ yesterday and is trading under the ticker $NNE. Jay Yu, NANO’s founder, executive chairman, and president, told Ignition that the company is going public early in its lifetime so that it can “grow with the public,” taking advantage of current investor enthusiasm for nuclear energy rather than pursuing […]
Oklo Goes Public Via SPAC Merger
Oklo, a fast fission startup, has completed its SPAC merger with AltC Acquisition Corp.. Tomorrow, the combined company—now known as Oklo Inc.—will begin trading on the NYSE under the ticker “OKLO.” Oklo joins other advanced SMR companies on the public market, including NuScale and BWX Technologies. Not all sunshine: The road ahead for a nuclear […]
Rolls-Royce Nixes its UK Pressure Vessel Plans
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 […]
A Tax Credit for X-energy’s Fuel Facility
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.
NASA Contracts a Nuclear Space System from Rolls-Royce
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.
Oklo Signs On to Power Texas Oil Drilling
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.
SMRs Are Still Risky Business for Investors
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 Time to Build
TerraPower’s construction permit application for an advanced nuclear plant is officially in the NRC’s hands.
Partnering Across the Pond
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.