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World Nuclear Association: Global Nuclear Power Investment Must Reach $250 Billion Annually to Support Tripling of Installed Capacity by 2050

Global nuclear power investment is expected to see significant growth, with annual investment needs potentially exceeding $250 billion by 2050 to meet rising world energy demand. According to a report by the World Nuclear Association (WNA), this investment scale aims to at least triple global nuclear power installed capacity and is supported by 38 countries. This represents a potential investment opportunity of up to $6 trillion for the nuclear power industry, attracting widespread attention. In addition to government funding, private sector capital participation is crucial to the comprehensive development of nuclear power. The report emphasizes that investment should not only focus on new nuclear power plant construction but also expand the nuclear fuel cycle to support large-scale operations, ensure energy supply...

2026-08-06

SNPAS Completes Shipment of First Batch of Cabinets for PLS and DDS Systems of Lianjiang Nuclear Power Unit 2

Recently, witnessed by Zhanjiang Nuclear Power and Shanghai Nuclear Engineering Research and Design Institute (SNERDI), SNPAS successfully completed the delivery of the first batch of cabinets for the Plant Control System (PLS) and Data Display and Processing System (DDS) of Unit 2 of the Guangdong Lianjiang Nuclear Power Project Phase I, with the equipment having arrived at the project site smoothly. Sun Mingjun, Member of the Party Committee and Deputy General Manager of Zhanjiang Nuclear Power, Liu Xin, Deputy General Manager of SNPAS, and Zhou Xu, Deputy General Manager of the Procurement Center of SNERDI, attended the shipment ceremony. This shipment marks an important milestone in the execution of the instrumentation and control (I&C) system for Unit 2, signifying that the main I&C equipment has officially entered the stage of batch delivery and on-site installation preparation. The shipment of Unit 2 follows the mature experience of Unit 1 in...

2026-08-06

He Liuyi, Deputy Secretary of the Party Committee and General Manager of Daya Bay Nuclear Power Operations and Management Co., Ltd., along with Board Directors, Visits CGN Nuclear Maintenance for Investigation

On August 4, He Liuyi, Deputy Secretary of the Party Committee and General Manager of Daya Bay Nuclear Power Operations and Management Co., Ltd., along with Directors Wu Zijian, Cao Dongqing, and Huang Yong, visited the Qingdao base of CGN Nuclear Maintenance for investigation. Ouyang Wu, Member of the Party Committee, Chief Accountant, and Secretary to the Board of Directors of Daya Bay Nuclear Power Operations and Management Co., Ltd., Li Xiaowei, Member of the Party Committee and Deputy General Manager, and Ma Gang, Director of Guangdong Nuclear Power Joint Venture Co., Ltd., accompanied the visit. Dong Juncheng, Secretary of the Party Committee and Chairman of the Company, presided over the meeting. At the meeting, Dong Juncheng provided a detailed introduction to the company's products and services, mission and honors, Party building, industrial layout, core nuclear power maintenance technologies, achievements in building the national nuclear emergency response team, and the...

2026-08-06

Approximately 13,000 liters of water found in Unit 3 of Hamaoka Nuclear Power Plant; Chubu Electric continues investigation into data falsification

Japan's Chubu Electric Power announced on August 4 that water accumulation totaling approximately 13,000 liters was found in the turbine building and related areas of Unit 3 at the Hamaoka Nuclear Power Plant. The company stated that the accumulated water contains no radioactive substances and is currently investigating the specific cause. According to Chubu Electric Power, at around 11:00 a.m. on the 4th, a worker from a partner company discovered approximately 5 liters of water in a passageway on the northwest side of the first basement floor of the turbine building adjacent to the reactor building of Unit 3. Subsequently, company personnel continued on-site inspections and confirmed at around 3:00 p.m. the same day that approximately 13,000...

2026-08-05

USDA Plans $25 Million Investment in Sterile Fly Release Facility in Arizona

The U.S. Department of Agriculture will invest $25 million to build a new sterile fly release facility in Arizona, strengthening efforts to control New World screwworm and reduce the risk of it invading American livestock herds. Agriculture Secretary Brooke Rollins announced the plan during a visit to the Douglas Port of Entry in Arizona. According to the department, releasing sterile flies is a key method for suppressing and ultimately eradicating New World screwworm populations. The proposed Arizona facility will enhance USDA's sterile fly release capacity and complement existing facilities and operations in Texas, Mexico, and Panama, further strengthening emergency response capabilities along the U.S. southwest border. The U.S...

2026-08-04

EDF plans to bring in investors for Nuward small modular reactor project by end of 2026

French utility EDF said on July 30 that it plans to bring in investors for its Nuward small modular reactor project by the end of 2026. The company stated that the related financing arrangements will be centered around European customers and industrial partners to support the development of a batch of initial reactors better aligned with user needs. Small modular reactors have not yet entered large-scale commercial production, but multiple companies worldwide are advancing the deployment of related technologies. Supporters believe that compared with traditional large nuclear power units, small modular reactors offer greater flexibility in deployment methods, application scenarios, and low-carbon energy supply. EDF is a state-owned French power company operating 57...

2026-07-31

UK to Invest £8.4 Billion in Dreadnought-Class Nuclear Submarine Program

The UK Prime Minister's Office stated that the UK will announce an investment of £8.4 billion (over $11 billion) for the construction of four Dreadnought-class nuclear submarines, thereby launching the fourth phase of this submarine program. According to the relevant press release, this investment will be used to strengthen the UK's nuclear capability building and advance the continued implementation of the Dreadnought-class submarine project. Under the framework of the new phase, the first of the four nuclear submarines is expected to complete sea trials in the early 2030s and enter service with the Royal Navy. The UK Ministry of Defence previously released a long-term defense budget for the next four years at the end of June, planning to invest nearly £300 billion (approximately $400 billion) in various areas of the military-industrial complex. Data shows that £4.7 billion of this funding has yet to be secured, with specific funding sources to be determined in the autumn budget.

2026-07-31

Guomai Fusion Energy Completes Angel+ Round Financing, with Zhengxuan Investment and Others Supporting aFRC Fusion Route Commercialization

Recently, Beijing Guomai Fusion Energy Technology Co., Ltd. (hereinafter referred to as Guomai Fusion Energy) completed its Angel+ round of financing. This round was participated by well-known institutions such as Zhengxuan Investment and Dalin Investment. By adopting a strategy of small steps and rapid iteration, Guomai Fusion Energy has continuously advanced its financing, pooling industrial and capital forces to support R&D design and engineering validation, and promoting the fast and sound development of the advanced field-reversed configuration (aFRC) route. The funds from this round will be primarily used for aFRC route R&D, including the construction of fusion experimental devices, core technology breakthroughs, and talent team building, accelerating key technology breakthroughs and experimental validation. Guomai Fusion Energy, established in the Beijing Economic-Technological Development Area, is a company focusing on advanced field-reversed config...

2026-07-31

Curium Advances Second Cyclotron Investment Plan in Romania to Expand PET Imaging Supply

On July 30, Curium announced that it is advancing its second cyclotron investment plan in Romania to expand access to advanced nuclear medicine services locally and further strengthen healthcare infrastructure. According to the introduction, after completing assessments of market opportunities, technical requirements, and regional infrastructure, Curium has identified the Cluj-Napoca region as the preferred site for the project and selected a preferred local partner. Preparatory work is currently underway to support the project's progression to the next phase. This expansion plan aims to increase relevant production capacity, enhance PET imaging equipment and service supply capabilities, improve patient access to advanced diagnostic procedures, and support the...

2026-07-30

Ontario Invests Additional $4.6 Million in McMaster Nuclear Reactor to Expand Medical Isotope Production Capacity

The Government of Ontario, Canada, recently announced an additional investment of $4.6 million in the McMaster Nuclear Reactor to expand the production capacity of life-saving medical isotopes, supporting more cancer patients in accessing the critical radioisotopes needed for diagnosis and treatment. From left to right: Josip Zikic, Chief Nuclear Officer at McMaster University; Nolan Quinn, Minister of Colleges and Universities, Research Excellence and Security; Stephen Lecce, Minister of Energy and Mining; Susan Tighe, President and Vice-Chancellor of McMaster University; and Victor Fedeli, Minister of Economic Development, Job Creation and Trade. (Georgia Kirkos/McMaster University) This investment builds on a previous $18 million...

2026-07-30

World Nuclear Association expects global large-scale nuclear power construction spending to peak between 2041 and 2045

The World Nuclear Association (WNA) expects global nuclear power industry spending to reach a phased peak between 2041 and 2045. At 2025 prices, approximately $1 trillion will be directed toward the construction of large nuclear power plants during this period. Sama Bilbao y León, Director General of the World Nuclear Association, stated that investment interest in the nuclear energy sector has significantly increased, with 50 countries having formulated relatively specific nuclear energy development plans. She believes that implementing these plans will require substantial financial support, with the required investment scale far exceeding current levels. According to the Association's estimates, in addition to large nuclear power plant construction, approximately $450 billion will be allocated globally to small modular reactor projects between 2041 and 2045, along with $84 billion for extending the operational lifetimes of existing reactors.

2026-07-30

SNPDRI's Comprehensive Surveying and Mapping Capabilities in Air, Space, Ground, and Sea Fully Upgraded

Recently, approved by the competent natural resources authority, the State Power Investment Corporation's State Nuclear Electric Power Planning, Design & Research Institute (SNPDRI) has completed an expansion of its Class A surveying and mapping qualifications, adding two new Class A professional categories: Aerial Photogrammetry and Photogrammetry & Remote Sensing. With this, SNPDRI has now obtained all five Class A surveying and mapping qualifications: Engineering Surveying, Marine Surveying, Geographic Information System Engineering, Aerial Photogrammetry, and Photogrammetry & Remote Sensing. Its integrated surveying and mapping capabilities across air, space, ground, and sea have achieved a leapfrog upgrade, and the enterprise's comprehensive geographic information service strength has reached a new height. The Class A surveying and mapping qualification is the highest industry entry permit. The simultaneous acquisition of these two qualifications is an authoritative recognition by the competent authority of SNPDRI's technological R&D, professional talent, quality management, and performance capability in major projects.

2026-07-29

A delegation led by Dai Minmin of Shanghai State-owned Capital Investment Co., Ltd. visited the fusion research facility for a fact-finding and exchange visit.

July 22, 2026, marked the first anniversary of the official establishment of China Fusion. A delegation led by Dai Minmin, Deputy Party Secretary and President of Shanghai State-owned Capital Investment Co., Ltd. (hereinafter referred to as Shanghai State

2026-07-27