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India's Nuclear Power Expansion Drives Mechanical Seal Demand; Sealmatic Positions Itself in Nuclear-Grade Supply Chain

August 29, 2026 - Sealmatic India Ltd. is leveraging its in-house mechanical seal technology and nuclear application quality certifications to expand into India's nuclear energy equipment supporting market. As India advances its nuclear power capacity expansion, demand for highly reliable mechanical seals in reactors and related pumping systems is expected to grow steadily. Although mechanical seals are not among major primary equipment such as reactors, pumps, or turbines, they play a critical role in the safe, reliable, and continuous operation of nuclear power plants. These products are primarily used in systems including main coolant, reactor coolant, auxiliary feedwater, and emergency core cooling pumps, where seal reliability, operational integrity...

2026-08-31

Nova Fusion Completes RMB 1.2 Billion Pre-A Series Financing

Nova Fusion Energy Technology (Shanghai) Co., Ltd. recently announced the completion of its Pre-A series financing totaling RMB 1.2 billion, comprising both the Pre-A round and Pre-A+ round. The company stated that within 16 months since its establishment, it has completed a RMB 500 million angel round, a RMB 700 million angel+ round, and this round of financing, bringing cumulative fundraising to RMB 2.4 billion with a post-investment valuation exceeding RMB 10 billion. In this round, Meituan Longzhu and Hillhouse Ventures continued their participation, while Lenovo Capital and Guozhong Capital joined as new strategic investors. The company stated that the funds from this round will primarily be used for new device construction, key technology iteration, industrial base preparation, and subsequent fusion energy output verification efforts. Nova Fusion focuses on field-reversed configuration (FRC) small...

2026-08-31

Hungary Plans Additional ~EUR 300 Million in Funding for Paks II Nuclear Power Plant

The Hungarian government plans to allocate an additional HUF 111.6 billion, equivalent to approximately EUR 305.5 million, to the Paks II nuclear power plant project. The funds have been included in the draft amendment to the 2026 budget, which is expected to be submitted to the Hungarian Parliament for review. According to the budget document, financial support for the Paks II project through the end of 2026 will increase from HUF 95 billion to HUF 206.6 billion, approximately EUR 565.5 million. Based on relevant calculations, over the past 12 years, the Hungarian government has directly allocated HUF 628.7 billion, exceeding EUR 1.7 billion, to the project; with the inclusion of this budget arrangement, cumulative financial support will exceed EUR 2.2 billion. The Paks II nuclear power plant involves the participation of Russia's State Atomic Energy Corporation (Rosatom)...

2026-08-31

CA01 Module of Unit 1 at Guangxi Bailong Nuclear Power Plant Successfully Hoisted into Position in the Nuclear Island

On August 29, the CA01 module of Unit 1 at the Bailong Nuclear Power Plant of SPIC Guangxi Nuclear Power was precisely positioned, marking a new phase of parallel civil construction and installation in the nuclear island. ▲On August 29, the hoisting operation of the CA01 module of Unit 1 at the Guangxi Bailong Nuclear Power Plant of SPIC was proceeding in an orderly manner. The CA01 module is located in the reactor building of the nuclear island and serves as the installation room for main equipment such as the reactor pressure vessel, steam generators, and pressurizer. The module is T-shaped in overall form, with external dimensions of 28 meters in length, 29 meters in width, and 24 meters in height. It consists of 47 sub-modules, with a total lifting weight of approximately 1,167 tons, making it the largest and heaviest structural module in the nuclear island. The hoisting operation commenced at 8:07 a.m. and, after a series of maneuvers including lifting, hovering, slewing, lowering, and adjustment, was successfully positioned at 12:58 p.m., with the entire process being safe, controllable, stable, and orderly.

2026-08-31

World's First 14,000-Ton-Class Ring Crane Rolls Off Production Line, Capable of Supporting Full-Module Lifting for HPR1000 2.0

Recently, XCMG's world's first 14,000-ton-class ring crane officially rolled off the production line. Su Zimeng, President of China Construction Machinery Association; Wang Guohua, Member of the Party Committee and Vice President of Sinopec Engineering (Group) Co., Ltd., as well as Party Secretary and General Manager of its Lifting and Transportation Company; and Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery and Party Secretary, attended the launch ceremony. Xia Dechang, General Manager and Party Secretary of XCMG Crane Machinery Division, announced the successful rollout of the equipment. According to reports, the 14,000-ton-class ring crane was developed to meet the lifting needs of ultra-large and ultra-heavy equipment in major projects such as nuclear power, petrochemical, and marine engineering, with a focus on serving integrated lifting scenarios for large modules. The equipment achieves full-industry-chain...

2026-08-29

Turkey's Akkuyu Nuclear Power Plant can meet up to 10% of the country's energy consumption once all four units are operational

Rosatom recently released a report stating that the Akkuyu Nuclear Power Plant it is constructing in Turkey can meet up to 10% of Turkey's energy consumption demand once all four units are fully operational. The report notes that nuclear power projects implemented by Rosatom overseas can support relevant countries in enhancing their energy independence. Taking the Akkuyu Nuclear Power Plant as an example, once all four units are in operation, Turkey will have the capacity to meet a considerable portion of its energy consumption through this project. The Akkuyu Nuclear Power Plant is Turkey's first nuclear power plant, constructed with the participation of Rosatom. According to information disclosed by the company, the aforementioned contribution will be realized after all four units...

2026-08-29

Nuclear energy accounts for about 19% of Russia's energy mix

A public report recently released by Rosatom shows that nuclear energy currently accounts for approximately 19% of the Russian Federation's energy mix. The report states that the total low-carbon electricity produced by Rosatom's enterprises has exceeded 220 billion kWh, including nuclear and wind energy. If all power generation enterprises under the group are included in the calculation, including nuclear power plants, thermal power plants, and wind farms, their total electricity generation accounts for about 20% of Russia's national electricity output. The report also mentions that the floating nuclear power plant in Pevek on the Chukotka Peninsula has been in operation for five years, with cumulative electricity generation reaching 1 billion kWh. This facility is currently the only operating floating nuclear power plant in the world....

2026-08-30

Unit 1 at South Africa's Koeberg Nuclear Power Station Automatically Shuts Down

South Africa's state-owned power utility Eskom has stated that Unit 1 at the Koeberg Nuclear Power Station automatically shut down after the reactor safety system was triggered. The cause of the incident is currently under investigation. According to Eskom, the unit's turbine has been taken offline, and there is no nuclear safety risk at the site. The company noted that prior to the earlier fish kill and their entry into the water intake area, the generating unit had been operating reliably. Koeberg Nuclear Power Station is located on South Africa's Atlantic coast, near Cape Town. Several days ago, large numbers of dead fish entered the station's water intake area, clogging the cooling pumps and triggering the safety system, after which the cooling pumps automatically shut down and Unit 1's power output was reduced. Unit 2 is currently in a planned maintenance outage.

2026-08-29

Thor Medical Advances AlphaOne Commercial Production in H1, Completes First Customer Deliveries of Lead-212 Isotope

Thor Medical ASA, a supplier of high-purity isotopes to the radiopharmaceutical industry, announced its H1 2026 results on August 28. The company stated that its AlphaOne facility has completed mechanical construction on time and on budget and has entered commercial production, marking the start of a new phase focused on scaling output, increasing customer deliveries, and growing revenue. Thor Medical CEO Jasper Kurth said that with the completion of the first customer product deliveries from AlphaOne, the company has established a solid commercial foundation in a rapidly growing market, and the next step is to advance the execution plan around capacity expansion, customer deliveries, and revenue growth to support the development of next-generation precision cancer therapies...

2026-08-28

South Korea's Medical Radiation Examinations Exceed 430 Million Annually, with CT Scans Accounting for 67.1% of Radiation Dose

According to the "2025 National Medical Radiation Assessment Yearbook" released by the Korea Disease Control and Prevention Agency on August 28, South Koreans underwent a total of 431.59 million medical radiation examinations last year, averaging 8.4 examinations per person. Over the past five years, the number of medical radiation examinations in South Korea has continued to rise, with last year's figure increasing by 4.6% year-on-year and 29.6% compared to 2021. The report shows that the collective radiation dose from medical radiation examinations in South Korea increased from 136,804.73 person-sieverts in 2021 to 167,659.18 person-sieverts last year, an increase of 22.6%. On a per capita basis, the radiation dose rose from 2.64 millisieverts to 3.24 millisieverts. The Korea Disease Control and Prevention Agency stated that with advances in medical technology, an aging population, and growing demand for health checkups, the use of medical radiation examinations in public healthcare services continues to expand.

2026-08-28

Steel Dome of Unit 1 at Liaoning Xudabao Nuclear Power Plant Hoisted into Place

On August 28, the steel dome of the nuclear island of Unit 1 at Liaoning Xudabao Nuclear Power Plant, invested and controlled by China National Nuclear Corporation (CNNC)'s China National Nuclear Power, was hoisted into place, marking that the large steel structure module construction of the unit has entered its final stage and laying a solid foundation for achieving the milestone of structural completion of the nuclear island buildings. As the core load-bearing structure of the nuclear island, the steel dome sits atop the steel-plate concrete structure, bearing all loads from the passive containment cooling water storage tank and the structures above. It serves as a critical barrier safeguarding the structural integrity and sealing reliability of the reactor building. The dome is conical in shape, composed of radial main beams, ring beams, steel cladding panels, and a bottom steel platform, with a diameter of approximately 41 meters, a height of 11 meters, and a total hoisting weight of nearly 1,000 tons...

2026-08-28

Russian Thorium-Based Radiopharmaceuticals Expected Within 1-2 Years

On August 27, Igor Korobko, Professor of the Russian Academy of Sciences and Director of the Department of Medical and Scientific Development in Healthcare of the Russian Ministry of Health, stated at the Technoprom Forum held in Novosibirsk that thorium-based drugs for precision radionuclide therapy of tumors are expected to become available in Russia within the next 1 to 2 years. Korobko noted that tumor treatment still requires support from more available isotopes. For example, when patients develop resistance to actinium-related therapies, clinical practice necessitates the use of different isotopes for treatment. He stated that Russia is advancing the development of related therapies domestically and expects to have thorium-based drugs within the next year or two. Currently, actinium-225 is considered one of the more promising radionuclides...

2026-08-28

Bristol Myers Squibb to Invest $173 Million in New Radiopharmaceutical Plant in Indiana, USA

Bristol Myers Squibb's RayzeBio will build a new radiopharmaceutical production facility in Whitestown, Indiana, USA, with an investment of $173 million. The project will be located at the Anson Industrial Park in Boone County, with construction planned to begin this year, complementing RayzeBio's existing operational radiopharmaceutical plant in Indianapolis. According to information released by the state of Indiana, the new facility will cover approximately 225,000 square feet. Bristol Myers Squibb expects the two production sites to add 100 new positions by the end of 2029, with annual salaries for new positions expected to exceed $130,000. Bristol Myers Squibb acquired San Diego-based RayzeBio in 2023 for $4.1 billion...

2026-08-28

Bruce Power Aims to Generate Over CAD 13.3 Billion in Economic Impact in Canada Over Next 18 Months

Bruce Power recently stated that over the next 18 months, the company expects to generate more than CAD 13.3 billion in economic impact across Canada, with related investments primarily stemming from its nuclear plant operations and life extension programs, supporting businesses and jobs in Ontario and other regions of Canada. Bruce Power stated that since launching the "Canada First" program in 2025, the company has invested over CAD 6.6 billion in Canada between January 2025 and June 2026, and plans to invest an additional CAD 7.7 billion by the end of 2027. The company noted that its spending within Canada accounts for more than 95% of total expenditures. As a nuclear operator located in Bruce County, Ontario...

2026-08-28

Lufeng Nuclear Power Unit 1 Nuclear Island Installation and High-Quality Cold Test Sand Table Exercise Successfully Concluded

From August 18 to August 21, 2026, the China Nuclear Energy Association (hereinafter referred to as the Association) organized relevant experts to successfully carry out the sand table exercise for the nuclear island installation and high-quality cold test of Lufeng Nuclear Power Unit 1. The sand table exercise was led by Hu Guofeng, former Director of Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. and Deputy Director of the Science, Technology and Development Expert Committee, with Li Jingxi, former Director of the South China Nuclear and Radiation Safety Supervision Station of the Ministry of Ecology and Environment, Li Qibin, former Chairman of China Nuclear Industry 23 Construction Co., Ltd., Zeng Hao, former Chairman of CNNC Maintenance Co., Ltd., and Wang Mingliang, former Deputy General Manager of China Nuclear Industry Fifth Construction Co., Ltd., serving as advisors. A total of 24 external experts participated...

2026-08-28