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Saskatchewan, Canada Releases Long-Term Nuclear Energy Strategy: Plans to Build 2,600 MW of Nuclear Power by 2050

Scott Moe, Premier of Saskatchewan, Canada, officially announced the province's long-term nuclear energy development plan in Saskatoon on September 29, establishing a strategic goal of building at least 2,600 megawatts (MW) of nuclear power capacity by 2050. Moe emphasized that nuclear energy is not only a zero-carbon clean baseload power source, but also a "nation-building opportunity" that empowers economic growth for generations, will create high-end jobs across the province, attract multinational capital, and ensure long-term electricity stability for households and industry. According to the plan, four core pillars have been established: 1. Build a highly resilient power foundation supporting long-term economic growth: Rely on non-intermittent zero-carbon nuclear energy to address the electricity load gap brought about by society-wide electrification...

2026-09-30

Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project starts construction

At 18:27 on September 27, the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Nuclear Power Bailong Nuclear Power Project began its first concrete pour (FCD), marking that Phase I of the Bailong Nuclear Power Project has shifted from single-unit construction to a new stage of comprehensive dual-unit construction. The FCD for Unit 2 of the Bailong Nuclear Power Project adopted a single-side pushing continuous one-time integral pouring method, with approximately 6,637 cubic meters of concrete planned to be poured over approximately 58 hours. In view of the multiple overlapping construction difficulties such as the large bottom slab size, irregular shape, and high difficulty of temperature control and curing, the project team prepared a special construction plan in advance and implemented all-round safeguard measures. The single-side pushing pouring path and process parameters were optimized, and the owner, supervisor and general contractor exercised full-process on-site supervision and control

2026-09-28

Hangyang Share and Hangzhou Turbine Technology Jointly Invest in Startorus Fusion to Accelerate the Commercialization of Multi-Stroke Magnetic Reconnection Fusion

Two domestic high-end manufacturing listed companies, Hangyang Share (002430.SZ) and Hangzhou Turbine Technology (300277.SZ), have issued a joint investment announcement, declaring their joint capital contribution to acquire equity in commercial nuclear fusion innovation enterprise Shanghai Startorus Fusion Technology Co., Ltd. (Startorus Fusion). According to the investment agreement, Hangyang Share and Hangzhou Turbine Technology will each contribute RMB 50 million, each acquiring a 0.66% equity stake in Startorus Fusion; the remaining investors will jointly contribute RMB 720 million, collectively subscribing to a 9.45% equity stake. This capital injection further boosts capital attention on the domestic commercial controlled nuclear fusion industry. Startorus Fusion was established in 2021...

2026-09-24

Kairos Power Secures $100 Million Investment from Samsung to Build Nuclear Reactors for Google

Recently, Kairos Power received a $100 million investment from Samsung C&T to build nuclear reactors for Google. Samsung C&T Engineering will participate in the construction of Kairos Power's 50-megawatt demonstration reactor, which is planned for completion by 2030. As part of the deal, Samsung C&T will make an equity investment in Kairos Power and provide in-kind engineering services, with the combined value reaching up to $100 million. Kairos Power stated that the equity investment will account for $70 million of the total investment. Samsung C&T has participated in or helped build approximately a dozen nuclear reactors worldwide, possessing extensive...

2026-09-23

New Generation "Harmony System" and Other Technological Achievements Debut at the 23rd China-ASEAN Expo

At the five-day 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit, CGN showcased its innovative achievements in nuclear power, new energy, and digitalization under the theme "Smart Nuclear Powers Free Trade, Green Electricity Connects ASEAN." At the exhibition, CGN Digital Technology highlighted its independently developed Harmony System series products and their applications in the new energy sector, and used virtual reality technology to give visitors the opportunity to tour nuclear power plants. The Harmony System is hailed as the "nerve center" and "brain" of nuclear power plants. It is China's independently developed nuclear safety-class digital instrumentation and control system, and has now been widely applied to 34 nuclear power units nationwide, covering second- to fourth-generation nuclear power reactor types and technologies. Through the comprehensive iterative upgrading of the Harmony System, CGN Digital Technology has equipped it with a smarter, safer, and more economical "super intelligent brain," aiming to provide digital and intelligent empowerment for the full-cycle production and operation of nuclear power plants.

2026-09-22

Announcement of South Korea's U.S. investment plan delayed due to need to clarify related procedural issues

South Korean Foreign Minister Cho Hyun said on Thursday that the announcement of South Korea's U.S. investment plan under the South Korea-U.S. trade agreement has been delayed due to the need to clarify related procedural issues, but he did not disclose further specific details. Cho made the remarks at the airport before departing for the United States, where he is scheduled to hold talks with U.S. Secretary of State Marco Rubio on Friday. According to officials familiar with the matter and media reports, the South Korean government this week postponed the briefing on the investment plan originally scheduled to be submitted to a congressional committee, and tentatively rescheduled it to September 22. South Korean lawmakers said that a dedicated briefing to the National Assembly is a core step before the two countries finalize the details of South Korea's massive investment commitment to the United States...

2026-09-18

European Investment Bank to invest €40 million in Finnish small modular reactor company Steady Energy

The European Investment Bank will invest up to €40 million (about $46 million) in Finnish small modular reactor company Steady Energy. The company's LDR-50 reactor is specifically designed for district heating networks, and this is also the European Investment Bank's first investment in small modular reactor technology. The European Investment Bank is jointly owned by the 27 EU member states, and these member states do not have a consistent attitude toward nuclear energy. In the past, the bank usually avoided new nuclear power projects and invested only in projects related to nuclear safety, such as Chernobyl-related projects. However, over the past year or so, the European Investment Bank has provided loans for the refurbishment project of a reactor in Romania, as well as for the Tricastin...

2026-09-16

Siemens Healthineers Invests $44 Million to Expand PET/CT Production Capacity

Siemens Healthineers announced that the company will make an investment of nearly $44 million at its PET detector center in Rockford, Tennessee, to increase production capacity for PET/CT equipment. This investment marks the completion of the company's construction project at the center, which is aimed at meeting growing demand for PET/CT technology and supporting new product lines launched in the U.S. and international markets. In the Rockford expansion project, approximately 40,000 square meters of building area were added, increasing the total campus footprint to 97,000 square meters, while 7,500 square meters of existing buildings were also renovated. The campus is Siemens Healthineers' only...

2026-09-15

US Fusion Company Commonwealth Fusion Systems Secures $1 Billion Investment from South Korea's Hyundai

Recently, the US nuclear fusion company Commonwealth Fusion Systems, backed by Bill Gates, has secured a $1 billion investment from South Korea's Hyundai Motor Group to build its commercial fusion power plant. Chung Ho-eun, Executive Vice President of Hyundai Motor Group, stated that the plan will enable both parties to explore engineering collaboration on a commercial fusion power plant project called ARC. Fusion energy is expected to play an important role in meeting growing global energy demand while supporting a more sustainable future. As of June this year, this hardware solution has received formal academic confirmation of its physical feasibility. Following a peer-reviewed study, CFS validated the ARC des...

2026-09-14

U.S. Department of Energy Plans to Invest Up to $2 Billion in Iowa Nuclear Energy Facility

The U.S. Department of Energy stated that it plans to provide up to $2 billion in funding support to nuclear facilities in the Palo area of Iowa to formally launch the nuclear energy project. This commitment was formally proposed after the nuclear energy research working group led by Iowa Governor Kim Reynolds completed its related work, marking a substantive step forward for the state in advancing nuclear energy development. It is understood that the main nuclear facility in the Palo area is the Palo Verde Generating Station located in Arizona, United States, situated in Maricopa County, Arizona, approximately 5...

2026-09-14

Investigation to Be Conducted into Emergency Diesel Generator Failure at Unit 6 of Japan's Kashiwazaki-Kariwa Nuclear Power Plant

Tokyo Electric Power Company announced that it will investigate the failure of the emergency diesel generator at Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Plant in Niigata Prefecture, Japan. The unit was restarted after 14 years of shutdown and resumed commercial operation in April this year. According to Tokyo Electric Power Company, in July this year, workers discovered that water had mixed into the lubricating oil of the emergency diesel generator at Unit 6. Subsequent inspections confirmed that there was a water leak in the cylinder head, a component of the generator engine. The company therefore determined that the unit currently does not meet the operational safety specification requirements. Tokyo Electric Power Company stated that it plans to complete the relevant repair work by September 19. If the repair cannot be completed by then, the cause of the failure will be further investigated, and measures may include shutting down the reactor for inspection.

2026-09-11

Sichuan Energy Nuclear Industry Co., Ltd. Established in Chengdu, Focusing on Advanced Nuclear Microreactor R&D

On September 9, according to Chengdu Sci-Tech Innovation Investment Group, Sichuan Energy Nuclear Industry Co., Ltd. recently completed its establishment in Chengdu with a registered capital of 1 billion yuan. The company was jointly funded and established by Chengdu Sci-Tech Innovation Investment Group through its Chengdu Future Industry Venture Capital Fund, together with Sichuan Energy Development Group, China Nuclear Power Research and Design Institute, Shenzhen Capital Group, and other state-owned capital entities, with its registered address in Chengdu. According to disclosed information, Sichuan Energy Nuclear Industry Co., Ltd. will mainly focus on advanced nuclear microreactor technology R&D iteration, industrialization implementation, and green energy technology layout, positioned as a resource integration center, R&D innovation center, and investment decision-making center, with priority on advancing advanced multi-purpose...

2026-09-10

HD Hyundai Heavy Industries to Invest KRW 238.6 Billion in Dedicated Plant for Manufacturing Major SMR Equipment

HD Hyundai Heavy Industries announced on September 10 that it will invest KRW 238.6 billion to build a dedicated plant for manufacturing major equipment for small modular reactors (SMRs). The plant will be built on the site of HD Hyundai Heavy Industries' Ulsan Shipyard, with the goal of commencing operations in 2029. SMRs are regarded as one of the next-generation nuclear power technologies. Compared with conventional nuclear power units, SMRs have lower output power, and their major equipment can be configured in a modular manner, combining features such as stable power supply and reduced carbon emissions. As AI data centers requiring round-the-clock, large-scale power supply increase rapidly, SMRs are attracting more attention. According to projections by the Organisation for Economic Co-operation and Development (OECD), by 2050, the global SMR market is expected to grow to 150G...

2026-09-10

Japan's GX investment expands nuclear power supply chain demand, 17 Korean nuclear power-related material and equipment suppliers visit Tokyo for business talks

On September 10, 2026, the Korea Trade-Investment Promotion Agency (KOTRA) announced that, together with Korea Hydro & Nuclear Power and the Korea Nuclear Industry Association, it had dispatched the 2026 Smart Energy Week Climate Technology Market Exploration Delegation to Tokyo, Japan. The delegation consisted of 17 Korean suppliers of materials, parts, and equipment in the new energy and nuclear power sectors. KOTRA stated that the move aims to align with Japan's energy transition and growing electricity demand, and to support Korean suppliers in entering the local Japanese supply chain. The Korean delegation, together with the Japan Electrical Manufacturers' Association (JEMA) and RX Japan, jointly held a Japanese power equipment industry...

2026-09-10

U.S. Nuclear Power Construction Included as Candidate in South Korea's U.S. Investment Consultations

On September 10, 2026, consultations between South Korea and the United States over a $350 billion U.S. investment plan entered a late stage. In addition to the Encinar gas combined-cycle power project in Texas being regarded as the first investment candidate, the U.S. side is said to have also proposed using a considerable portion of the $200 billion in strategic investment for nuclear power plant construction. According to related information, the U.S. nuclear power construction plan includes up to eight large nuclear reactors, and South Korea's APR1400 reactor design has also been included in discussions for some projects. South Korea's Ministry of Trade, Industry and Energy said regarding the nuclear power projects that relevant parties are in consultations, but specific details have not yet been determined. Texas's rapidly growing electricity demand is an important background for the South Korea-U.S. discussions on...

2026-09-10