Europe Approves €300M for French SMR Development
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.
Reactors
Blykalla Secures a $7.3M Funding Round
A Swedish SMR developer just got funding to take the next step in development. Blykalla announced this week that it secured 80M SEK ($7.3M) in new funding from investors.
Tensions Escalate at Zaporizhzhya
The final hot reactor at the Zaporizhzhya nuclear plant in Ukraine is in cold shutdown after the site was targeted by a drone on Tuesday—an escalation of the conflict that could put the plant in jeopardy.
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.
newcleo Seeks Justification to Build Its Reactor
A UK nuclear trade group has submitted newcleo’s reactor design to the UK government for justification—the country’s first ever application of its kind for an advanced nuclear technology.
A Fat Check for Holtec
The DOE has doled out a $1.52B loan guarantee to Holtec International to reboot the Palisades nuclear plant in Michigan. If the energy tech firm can deliver, it may be the first time in US history a closed plant reopens its doors.
Oklo-to-Go
Oklo, the nuclear fission startup backed by OpenAI CEO Sam Altman, is one step closer to bringing its fast fission technology to market.
Tokamak Energy’s Laser Vision
Tokamak Energy, a UK-based fusion company, is developing an updated laser measurement technology to improve its ST40 fusion machine.
AWS Taps Into Nuclear Data Center for $650M
Amazon is taking the nuclear route to power its next data center project.
DOE Gives Kairos a Milestone-Marked Path to $303M
The ball is officially rolling on Kairos Power’s reactor deployment contract with the federal government.