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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

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

Unit 5 of Russia's Novovoronezh Nuclear Power Plant Enters Scheduled Maintenance

At 4:22 a.m. local time on August 28, Unit 5 of Russia's Novovoronezh Nuclear Power Plant was disconnected from the grid in accordance with the annual plan, entering scheduled preventive maintenance. The maintenance period is expected to last 35 days, after which the unit will be reconnected to the grid. Novovoronezh Nuclear Power Plant is a branch of Rosenergoatom, the Russian nuclear power plant operator, which is part of the Rosatom state corporation. During the maintenance period, the plant and the contractor Atomenergoremont will carry out minor, medium, and major repairs on main and auxiliary equipment, as well as implement modernization of some equipment. Key tasks of this maintenance include cleaning the turbine generator...

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

Russia Advances Construction of Fourth-Generation Nuclear Power Projects

Rosatom reports that it is one of the global leaders in the implementation of fourth-generation nuclear energy systems. According to the report, fourth-generation nuclear technologies are designed to minimize the risk of nuclear power accidents and reduce radioactive waste generation through a closed nuclear fuel cycle. As part of the relevant deployment, an innovative power unit featuring the BREST-OD-300 lead-cooled fast neutron reactor is under construction in Seversk, Tomsk Oblast, Russia. The project is regarded as a key component of Russia's efforts to advance the engineering application of fourth-generation nuclear power technologies. The report indicates that in 2025, the installation of the metal cladding for the central cavity of the BREST-OD-300 reactor was completed at the Seversk site, and the cladding for the surrounding cavities has also been installed in the designed positions. Meanwhile, the analytical simulator for the power unit has been put into operation.

2026-08-29

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

U.S. Deployable Energy Microreactor Selected for Two Nuclear Energy Demonstration Projects

Deployable Energy announced on August 28 that its advanced deployable energy system has been selected for two upcoming demonstration projects under the National Reactor Innovation Center (NRIC): a full-power demonstration of the nuclear energy startup platform at Idaho National Laboratory (INL), and an offshore demonstration of the U.S. nuclear energy startup platform in collaboration with Hornbeck Offshore. Established in 2019, the National Reactor Innovation Center works primarily with industry and the U.S. national laboratory system to advance nuclear technologies from conceptual design through demonstration, validation, and commercial deployment. The two selected projects will continue Deployable Energy's prior collaboration with INL under the nuclear energy startup platform program, accumulating technical and operational data to support subsequent testing, validation, and regulatory engagement for advanced nuclear technologies.

2026-08-29

South Korean survey shows 80% of respondents support including new nuclear power plants in power planning

An energy public perception survey released by the Korea Energy Information Culture Foundation on August 28 showed that 82.9% of respondents believed it is necessary to include plans for new nuclear power plants in the 12th Basic Plan for Electricity Supply and Demand currently being formulated, in response to future growth in electricity demand. The survey was commissioned by the Korea Energy Information Culture Foundation and conducted by Korea Research International via telephone interviews from June 12 to 15, targeting 2,000 adults aged 18 and above. The response rate was 10.0%, with a sampling error of...

2026-08-30

NRC Approves Environmental Assessment for Small Modular Reactor at Texas Industrial Site

The U.S. Nuclear Regulatory Commission (NRC) recently completed the environmental assessment of applications submitted by Long Mott Energy and X-energy, issuing a finding of no significant impact. This conclusion marks a key milestone in the construction permit review process for the advanced reactor project planned for Seadrift, Texas. The project plans to build a 320-megawatt small modular reactor at Dow's industrial manufacturing site in Seadrift to provide electricity and high-temperature industrial steam to the facility. Long Mott Energy is a wholly owned subsidiary of Dow, and the project intends to use X-energy's advanced reactor technology to serve the energy needs of industrial facilities along the Texas Gulf Coast.

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

Multiple African countries push nuclear power projects from planning to financing and construction

According to the nuclear energy special report in the recently released "Nuclear Industry Insights, Fourth Quarter 2026," more than a dozen African countries are attempting to advance nuclear power from policy concepts to financeable, constructible project stages. The report notes that rising demand for reliable, low-carbon baseload power is an important backdrop for nuclear energy's return to Africa's energy strategy discussions. Currently, two of Africa's more advanced nuclear projects have reached new milestones. The reactor pressure vessel for Unit 2 of Egypt's El Dabaa Nuclear Power Plant was installed on July 9, 2026. Previously, Unit 1 completed a similar installation in November 2025. El Dabaa is Egypt's first nuclear power plant, planned with 4 units and a total installed capacity of 4...

2026-08-28

France's ITER research program may start before 2034

Scientific preparation work for the International Thermonuclear Experimental Reactor (ITER) is currently about 7 months ahead of the original schedule, and the research program may start earlier than the previously set target of 2034. Anatoly Krasilnikov, Director of the ITER Project Center at Rosatom, revealed this progress during the Technoprom-2026 forum. Krasilnikov stated that the project team no longer uses the milestone term "first plasma," but has instead adjusted the objective to "start of the research program," with a target date of 2034. Based on the current progress, the work is 7 months ahead of schedule, and there is a possibility of achieving the goal ahead of time...

2026-08-28

South Korea Launches Standard Design Approval Review for i-SMR

The Nuclear Safety and Security Commission (NSSC) of South Korea is set to initiate a safety review of the standard design approval application for the innovative Small Modular Reactor (i-SMR). This project is part of the small modular reactor research and development program led by the South Korean government. The NSSC stated on August 28 that, at its 13th meeting of 2026 held on August 27, the Korea Institute of Nuclear Safety (KINS) reported on the review plan for the i-SMR standard design approval application. KINS had previously conducted a suitability review of the standard design approval application documents submitted in February of this year and determined that the documents met the conditions for entering the safety review phase, thereby establishing a subsequent review plan. The standard design approval system is designed to...

2026-08-28

Construction Advances for Holtec's SMR-300 Test Facility at Idaho National Laboratory

Holtec International recently announced that construction of its HI-TEST test facility, supporting the SMR-300 small modular reactor, is advancing at Idaho National Laboratory (INL), with manufacturing of key test components and preparation for facility installation already underway. The facility simulates the SMR-300 plant at approximately one-third scale and is designed to quantify reactor design and operational performance margins, providing a test basis for potential future power uprates. Supported by the U.S. Department of Energy (USDOE), the HI-TEST facility's primary mission is to validate SMR-300 design margins under steady-state and transient conditions, offering physical test data for the plant's power generation capacity, resilience, and operability...

2026-08-28

Sweden's Oskarshamn New Nuclear Project Applies for State Aid

NuCore Energi AB, a project company under Fortum, has submitted a state aid application to the Swedish government to initiate consultations on the framework and conditions for a new nuclear power project in Oskarshamn municipality. The project is planned to proceed near the existing Oskarshamn Nuclear Power Plant, with options covering small modular reactors (SMRs) and large reactors, with a total installed capacity expected to range between 1,200 MW and 3,400 MW. NuCore Energi submitted the state aid application on August 27, 2026. In the photo, from left to right: NuCore Energi CEO Laurent Leveugle and Minister Niklas Wykman. Fortum...

2026-08-28