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Fukui Prefecture in Japan Likely to Approve KEPCO's Dry Storage Facility for Spent Nuclear Fuel

According to multiple officials of Fukui Prefecture, Japan, Governor Takato Ishida of Fukui Prefecture is expected to approve Kansai Electric Power Company's (KEPCO) construction of a dry storage facility for spent nuclear fuel at its nuclear power plants within the prefecture. If completed, this would mark the first adoption of such an on-site interim storage facility at KEPCO's nuclear power plants. A dry storage facility is used to store spent nuclear fuel discharged from reactors. The basic approach involves placing spent fuel into dedicated metal containers and cooling them naturally through air circulation, without relying on electrical systems. Since the containers themselves can be transported by ship or trailer, subsequent off-site transfer is relatively convenient; even in the event of a power outage, the associated accident risk is considered low. Japan Atomic Power Company (JAPC) and Shikoku Electric Power Company operate nuclear power plants that have already adopted this storage method.

2026-08-25

Japan's Mutsu Spent Fuel Interim Storage Facility May Expand Participants; KEPCO and Hokuriku Electric Power Say They Are Considering

Tokyo Electric Power Company (TEPCO) and Japan Atomic Power Company (JAPC) began contacting eight other domestic electric power companies that own nuclear power plants on August 10, asking whether they would be interested in participating in the expansion of the entities responsible for transporting spent fuel to the interim storage facility in Mutsu City, Aomori Prefecture. Among the eight companies contacted, Kansai Electric Power Company (KEPCO) and Hokuriku Electric Power Company indicated in response to the inquiries that they are considering whether to participate. In December 2025, TEPCO and JAPC had submitted a proposal to Aomori Prefecture and Mutsu City regarding the expansion of operating entities, and at that time they had also sought the intentions of these eight companies...

2026-08-12

KEPCO KPS Q2 Results Miss Expectations; Nuclear Maintenance Demand Expected to Drive Recovery in H2

KEPCO KPS's Q2 results significantly missed market expectations, mainly due to factors such as extended long-term planned preventive maintenance cycles for nuclear power plants and a reduction in external and overseas variable works. Data shows that the company's preliminary Q2 sales stood at KRW 437.9 billion, down 3.5% year-on-year; operating profit was KRW 43.6 billion, down 33.6% year-on-year, approximately 30.1% below market consensus; net profit attributable to controlling shareholders was KRW 38.3 billion, down 24.8% year-on-year. The operating margin fell to 10.0%, down 4.5 percentage points from the same period last year, indicating pressure on both the revenue side and, to some extent, the cost side. The nuclear maintenance business was one of the key factors dragging down Q2 performance. In Q2...

2026-08-11

KEPCO E&C seeks government R&D project for offshore SMR "BANDI"

KEPCO E&C is accelerating the development of its proprietary offshore small modular reactor BANDI. Under relevant plans, the company intends to include BANDI in a government R&D project led by the private sector, leveraging national R&D funding to advance standard design, engineering verification, and subsequent commercialization preparation. It is understood that KEPCO E&C is organizing a government R&D initiative for offshore SMRs, with the company aiming to serve as the lead organization to develop a standard design for offshore SMRs applicable to power generation ships and nuclear-powered vessels. The project is currently in the preliminary planning stage, with plans to submit a project proposal and tender documents early next year, and following review, to secure...

2026-08-06