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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

German Chancellor Links High Electricity Prices to Hasty Nuclear Phase-Out

German Chancellor Friedrich Merz stated that Germany's current high electricity prices are partly attributable to the hasty closure of nuclear power plants. He believes that Germany exited nuclear energy without adequate alternative solutions and now has to bear higher costs for subsequent energy supply arrangements. In an interview, Merz said that the closure of Germany's nuclear plants was not his responsibility, and "if it were up to me, I would not have done this." He noted that the decision has already been made, and the current government cannot change the established facts nor provide a legal guarantee for grid electricity prices over the next 15 years. Merz also mentioned that the impact of the Iran conflict is one of the factors driving up electricity prices. In terms of electricity...

2026-08-31

South Korea's KNR Systems Completes Development of Robotic System for PHWR Decommissioning

KNR Systems announced on August 31 that it has completed the development of a platform system for remote cutting and dismantling of radioactive structures in Pressurized Heavy Water Reactors (PHWR), with final delivery scheduled to commence in September this year. The system originates from a government-commissioned PHWR decommissioning demonstration project. The project, valued at approximately 2.8 billion KRW, was awarded in January last year, with a development period of about seven months. Upon delivery, the equipment will be installed at the Heavy Water Reactor Decommissioning Technology Center of the Korea Research Institute of Decommissioning (KRID) in Gyeongju, for use in PHWR decommissioning demonstrations. Compared with light water reactors, PHWRs have more complex internal structures and typically higher levels of radioactive contamination, making dismantling operations more challenging.

2026-08-31

Zaporizhzhia Nuclear Power Plant Relies on Emergency Diesel Generators to Maintain Operations

The International Atomic Energy Agency (IAEA) recently stated that the Zaporizhzhia Nuclear Power Plant (ZNPP) has been relying on emergency diesel generators to maintain critical safety systems for over a week following the interruption of its external power supply. After inspections by the agency's on-site expert team, it was confirmed that as of the 23rd local time, the plant's diesel reserves could support approximately 10 days of operation, approaching the minimum regulatory requirement. According to the IAEA, the Zaporizhzhia Nuclear Power Plant lost its connection to the only remaining 330 kV Peresopravna-1 external transmission line starting on the 20th. Subsequently, the plant activated multiple emergency diesel generators to power critical equipment, including the six reactors and pumps related to spent fuel cooling and storage. The IAEA...

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

Domestically Produced Nuclear-Grade Resins Fully Verified and Ready for Use

On August 28, China General Nuclear Power Group (hereinafter referred to as CGN) announced that five nuclear-grade resin products developed under its leadership have all been put into engineering application, with a cumulative total of 12 batches used at nuclear power plants including Daya Bay, Ningde, Yangjiang, Taishan, and Hongyanhe. Among them, the first product has been operating stably for over three years in the steam generator blowdown system (APG system) of nuclear power plants, with key performance indicators comprehensively outperforming imported counterparts of the same category, and the domestic nuclear-grade resin production line. Nuclear-grade resins are known as the "kidneys" of nuclear power water treatment systems, serving as core materials that ensure stable water chemistry indicators of nuclear power units and prevent equipment corrosion. For a long time, these materials have been highly dependent on imports, posing supply security risks such as long delivery cycles, unstable batch quality, and rising prices year by year.

2026-08-29

Leo Cancer Care and GE HealthCare Announce Collaboration to Advance Upright Radiotherapy Workflow Integration

Leo Cancer Care recently announced a commercial collaboration with GE HealthCare, focusing on GE HealthCare's advanced imaging solutions and intelligent radiotherapy software, with plans to apply related technologies to Leo Cancer Care's future upright radiotherapy systems to streamline patient and data workflows from simulation to treatment delivery. Under the collaboration framework, the two parties will explore integration pathways between GE HealthCare's intelligent radiotherapy software iRT and Leo Cancer Care's future upright radiotherapy solutions. iRT is an AI-assisted software developed for radiotherapy settings, primarily used to connect information, workflows, and applications across different systems, helping healthcare institutions simplify complex processes, enable patients to enter radiotherapy more promptly, and reduce clinician burden.

2026-08-30

China's First Enterprise-Level Synchrotron Radiation Technology Application Research Platform Inaugurated in Shanghai

The Sinopec Shanghai Synchrotron Radiation Facility Energy and Chemical Science Laboratory, invested by Sinopec and jointly built with the Shanghai Advanced Research Institute of the Chinese Academy of Sciences, and based on the Shanghai Synchrotron Radiation Facility (SSRF) major scientific infrastructure, was recently inaugurated in Shanghai Zhangjiang Science City. This laboratory is the first enterprise-level synchrotron radiation technology application research platform in China. According to reports, the laboratory consists of three beamline stations and auxiliary laboratories, and will provide technical support and services for basic scientific research conducted by Sinopec and public users, with a focus on oil and gas exploration and development, petroleum refining and chemical engineering, and new energy and new materials. Once the platform is completed, it will help enhance the enterprise's capabilities in forward-looking and fundamental research, and provide scientific research support for cultivating new quality productive forces in China's energy and chemical industry.

2026-08-29

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

Environmental Monitoring Laboratory of Russia's Kola NPP Completes Interlaboratory Comparison Tests

The production environmental monitoring laboratory of the environmental protection department at Russia's Kola Nuclear Power Plant (Kola NPP) has recently completed interlaboratory comparison tests and received the corresponding certificate and conclusion documents for participation in the proficiency testing program. The comparison tests demonstrated that the laboratory's chemical analysis results meet the requirements and that the relevant measurement data are reliable. In June 2026, the Kola NPP production environmental monitoring laboratory received wastewater and natural water samples. Laboratory personnel were required to determine the concentrations of 8 target indicators within permissible error limits. The test results showed that the laboratory completed the specified tasks and the measurement results met the requirements. Natalya Smirnova, head of the Kola NPP production environmental monitoring laboratory...

2026-08-30

UK Poll Shows Nuclear Power as Respondents' Top Choice for Future Power Source

A latest YouGov survey commissioned by Eland Cables shows that the British public broadly supports the development of renewable energy, but many respondents remain skeptical about its ability to independently deliver low-cost, stable power supply. Among priority options for future power sources, nuclear power ranks first with 21% support, higher than solar power's 19% and offshore wind's 18%. The survey results show that 47% of UK respondents support the construction of nuclear power plants. However, when nuclear projects are set to be built locally in respondents' areas, the support rate drops to 38%, reflecting a disparity in acceptance of nuclear projects at the national versus local level. On renewable energy...

2026-08-30

Swiss Beznau Nuclear Power Plant Fully Resumes Operation After Shutdowns

Swiss energy company Axpo stated that the Beznau nuclear power plant, which had been temporarily shut down several times due to multiple heatwaves this summer, has now fully resumed operation. Located in northern Switzerland, the Beznau nuclear power plant uses water from the Aare River for cooling. Recently, many parts of Europe have experienced high temperatures, causing abnormally elevated water temperatures in the Aare River, which led to temporary shutdowns of the plant in June and July. The Aare River basin covers nearly half of Switzerland, with the river eventually flowing into the Rhine. Axpo stated that Unit 1 of the Beznau nuclear power plant resumed operation on August 21; Unit 2, after completing refueling and overhaul, was reconnected to the grid on Thursday and is currently gradually increasing output, expected to reach full power in approximately two days...

2026-08-29

Russia Deepens Nuclear Power Plant Construction Cooperation in Asia and Africa in 2025

Rosatom recently released a report stating that in 2025, the company made progress in cooperation on the construction of large and small nuclear power plants in Asia and Africa, further consolidating its position as a global technology partner. The report noted that by the end of 2025, Rosatom's offerings to partner countries had expanded beyond the energy sector to encompass more comprehensive technological cooperation. Key achievements include advancing cooperation on large nuclear power plants and small modular reactor projects in Central Asia, Africa, and Southeast Asia, as well as expanding exports of non-energy products. In the non-energy sector, the report mentioned that Rosatom has opened an additive manufacturing center in Belarus and plans to...

2026-08-30

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