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HD Hyundai Chairman to Meet Bill Gates to Advance SMR Cooperation

HD Hyundai Chairman Chung Ki-sun will meet Bill Gates, who is visiting South Korea, on August 14, with the two sides planning discussions on cooperation in small modular reactors (SMRs). Gates, co-founder of Microsoft, also serves as chairman of TerraPower, a U.S. small modular reactor company. This will be the latest round of communication between Chung and Gates on related cooperation, following their meeting earlier this year at the Davos Forum in Switzerland. HD Hyundai and TerraPower have been steadily strengthening cooperation in SMR and advanced reactor manufacturing in recent years. In November 2022, HD Korea Shipbuilding & Marine Engineering invested $30 million in TerraPower. In December 2024, HD Hyundai secured an order to manufacture the reactor vessel for TerraPower's 345 MW sodium-cooled fast reactor (SFR) to be built in Wyoming, U.S.

2026-08-13

Poland Plans State Capital Injection to Accelerate GE Vernova Hitachi SMR Deployment

The Polish government is seeking to accelerate the development of small modular reactor (SMR) projects. Polish Energy Minister Miłosz Motyka stated that the government is in negotiations regarding the Polish Development Fund (PFR) taking a stake in Orlen Synthos Green Energy (OSGE), with a focus on restructuring the company's shareholding. OSGE, jointly established by Polish energy giant Orlen and chemical company Synthos, plans to build a cluster of small nuclear reactors using GE Vernova Hitachi technology from the United States. Motyka noted that the core of the current negotiations is to avoid deadlock in corporate governance. If one company holds a 50% stake, the other party or other shareholders may find it difficult to form effective checks and balances on key decisions...

2026-08-12

India's Bihar signs memorandum of understanding for $2.3 billion small modular reactor project

The government of Bihar, India recently signed investment memorandums of understanding totaling approximately $6 billion (about €5.2 billion) with several industrial enterprises, covering sectors such as steel, textiles, food processing, pharmaceuticals, and nuclear energy. Among these, the nuclear energy project investment amounts to approximately $2.3 billion, making it the largest investment proposal among the signed agreements. According to a statement issued by the office of Bihar Chief Minister Samrat Choudhary, Global Renewable Advanced Clean Energy, a recently registered company headquartered in Hyderabad in central India, signed the nuclear energy memorandum of understanding. Further details...

2026-08-12

U.S. Moves to Relax Oversight of Small Maritime Nuclear Reactors, Promoting Civilian Floating Nuclear Energy Applications

The U.S. government is pushing to remove or simplify regulatory barriers to deploying civilian nuclear reactors on floating platforms and vessels, aiming to pave the way for small modular reactors to enter maritime shipping and offshore energy applications. The relevant topics will be highlighted during the International Atomic Energy Agency's ATLAS initiative event from August 26 to 27, with the U.S. also planning to showcase reactor technologies suitable for waterborne operations. The day prior, the U.S. will host an industry day, inviting nuclear and maritime sector companies to present their solutions. This move reflects the strategic importance the U.S. energy sector places on small modular reactors. Compared to traditional large-scale nuclear power plants, small modular reactors emphasize high energy density,...

2026-08-12

Solaris Invests in Deployable Energy, Pushing "Unity" Transportable Microreactor Toward Commercial SMR

Houston-based advanced nuclear startup Deployable Energy (CEO Bobby Gallagher, former Australian Army/offshore drilling background) has reached a strategic partnership with NYSE-listed U.S. energy infrastructure company Solaris Energy Infrastructure, Inc. (NYSE: SEI): Solaris will take an equity stake in Deployable and leverage its own experience in grid construction and operations under harsh conditions (defense bases, heavy industry, data centers) to help the latter bring the Unity Nuclear Battery—a roughly 1 MWe-class, container-sized, portable microreactor that fits in a pickup truck bed for highway transport—to commercial deployment. The Unity reactor has already achieved...

2026-08-12

TVA Preserves Bellefonte Nuclear Plant Site for SMR Development, Accelerates Negotiations with GE Vernova Hitachi

The Tennessee Valley Authority (TVA) is preserving the unfinished Bellefonte Nuclear Plant in Jackson County, Alabama for potential future development. Based on current progress, TVA is accelerating negotiations with GE Vernova Hitachi Nuclear Energy, and if the two parties ultimately reach an agreement, this long-idle nuclear plant site could be used to deploy multiple BWRX-300 small modular reactors. TVA spokesperson Scott Fiedler stated that the agency's current goal is to protect and preserve the Bellefonte site for future energy development. Small modular reactors are one of the technologies TVA is considering when evaluating potential power generation options, but no final decision has been made yet...

2026-08-12

South Korea Designates Small Modular Reactors and Nuclear Fusion as Key Future Growth Technologies

South Korean President Lee Jae-myung will chair a briefing session on the "Seven Seeds for Future Growth Engines" at the presidential office Cheong Wa Dae on the afternoon of August 12, focusing on the development pathways for advanced technologies including Small Modular Reactors (SMRs) and nuclear fusion, as well as related industrial ecosystems and supply chain security measures. According to Cheong Wa Dae, the meeting aims to jointly study advanced technology deployment with the science and industry communities, support artificial intelligence (AI) transformation, and strengthen South Korea's future industrial foundation capabilities. The seven areas designated as priorities include Small Modular Reactors, nuclear fusion, renewable energy, quantum technology, aerospace, advanced biotechnology, and advanced materials and component supply chains....

2026-08-12

Mexico's Nuclear Power Planning Enters Critical Window, Pre-2035 Decisions Become Watershed for Energy Transition

Against the backdrop of major global economies reassessing the value of nuclear energy, Mexico's nuclear power policy is at a critical juncture of hesitation. The country currently operates only the Laguna Verde Nuclear Power Plant in Veracruz state, with two reactors totaling 1,552 megawatts of installed capacity, contributing approximately 3% of the nation's electricity. Despite its modest share, the plant's unit utilization rate approaches 88%, making it one of the most stable power generation sources in Mexico's electricity system and significant for ensuring baseload power supply. The operating licenses for Laguna Verde have been extended to 2050 and 2055 respectively, providing Mexico with a buffer period of roughly two decades. However, the issue lies in the fact that life extension does not equate to replacement planning...

2026-08-11

South Korea's Honam Region Visits Busan Gijang for SMR Experience, Seeking New Solutions for Stable Semiconductor Power Supply

South Korea's South Jeolla Province and Gwangju region are paying attention to Small Modular Reactors (SMR) as a potential alternative for semiconductor industry power supply. On August 7, members of the "South Jeolla-Gwangju SMR-AI Energy Forum" visited the Gijang-gun Jangan-eup Gilcheon-ri Village Hall in Busan to hold discussions with the local nuclear safety consultative body, village representatives, the Gori headquarters of Korea Hydro & Nuclear Power, and relevant Gijang-gun departments, focusing on understanding Gijang's autonomous pursuit process and resident communication experience in the siting of the innovative Small Modular Reactor (i-SMR). The direct background of this visit is the potential stable power supply challenge that the semiconductor industry in the Honam region may face in the future. Semiconductor manufacturing relies heavily on continuous, reliable large-scale...

2026-08-11

South Korean Environmental Groups to Hold Nuclear Safety Seminar, Focusing on SMR Regulatory Independence and Institutional Gaps

The Korean Federation for Environmental Movement recently announced that it will hold a session of the Continuous Nuclear Safety Seminar Series, under the safety regulation domain, at 10:00 a.m. on August 21, 2026, in Conference Room 8 of the National Assembly Members' Office Building, under the theme "Moving Beyond Promotion-Centered Nuclear Policy Toward an Independent Safety Regulatory System." The event is hosted by National Assembly member Lee Ju-hee and co-organized by the Citizens' Institute for Environmental Studies and the Korean Federation for Environmental Movement, aiming to discuss structural issues in South Korea's nuclear safety regulatory system. According to available information, the South Korean government is accelerating the research and development, industrial support, and commercialization of small modular reactors (SMRs), with the i-SMR standard design approval application already accepted and the Special Act on SMR Development Promotion scheduled to take effect in September.

2026-08-11

UK's Harlette Capital seeks partners to develop lunar micro nuclear reactor

UK-based innovative company Harlette Capital has recently issued a Request for Information (RFI), seeking support from industry and research institutions for the development of a micro nuclear reactor for lunar missions. The company stated that the project aims to provide continuous power for long-term scientific research, communications, infrastructure construction, and future crewed exploration on the lunar surface. Harlette Capital is previously better known for its luxury fashion brand Harlette. The company also operates a separate innovation business segment, which is positioning itself in space and energy assets and advancing a small modular reactor (SMR) project named Alpha Moon. According to the company, the RFI has been sent to...

2026-08-11

South Korea and Sweden Discuss Cooperation on High-Level Waste Disposal and SMR Regulation

The Nuclear Safety and Security Commission (NSSC) of South Korea announced on August 10 that it held a bilateral meeting with the Swedish Radiation Safety Authority (SSM) in Seoul, during which the two sides exchanged views on topics including high-level radioactive waste management, nuclear safety regulation, and the development of small modular reactors (SMRs). Sweden has accumulated strong technical expertise in the field of radioactive waste management and has developed a relatively mature technical system for high-level radioactive waste disposal. Currently, Sweden has 6 operating nuclear power units and 7 permanently shut down units, 6 of which are in the decommissioning phase. Following Finland, Sweden is constructing the world's second deep geological disposal facility for high-level radioactive waste. The NSSC of South Korea...

2026-08-10

The Mecca Mutual Defense Agreement Opens a "Finance-Industry-Nuclear" Triad, with Nuclear Energy as an Energy Security Sub-route among Six Economic Pathways

On August 7, Saudi Arabia, Turkey, and Pakistan signed the Mutual Defense Agreement in Mecca, attended by Saudi Crown Prince Mohammed bin Salman, Turkish President Erdogan, and Pakistani Prime Minister Shehbaz Sharif. The agreement binds Saudi financial weight + Turkish defense industry and manufacturing base + Pakistani nuclear and military experience into a single framework for the first time, stipulating that an armed attack on any one country is considered an attack on all, and covers joint defense industry, technology exchange, and training planning coordination. Saudi officials clarified that the agreement does not point to a military axis, religious bloc, or nuclear arms race, but rather to building self-sustaining capabilities. The New Arab, citing IISS, Chatham House, and Reuters/AP analyses...

2026-08-10

South Korea Advances K-Moonshot Initiative, Nuclear Fusion and SMR Spacecraft Listed as Key Missions

The South Korean government is accelerating the K-Moonshot initiative, seeking to tackle critical technologies that are difficult to break through via traditional research pathways through a national-level R&D organizational approach. Among these, nuclear fusion and small modular reactor (SMR) spacecraft have been included in 12 key missions, alongside new drug development, quantum technology, and artificial intelligence, all under the government's coordinated promotion. On August 10, Vice Minister Goo Hyuk-chae of the Ministry of Science and ICT (MSIT) met with the heads of the 12 mission projects and representatives of related institutions at the K-Moonshot Project Support Office in Sejong City to discuss next-stage implementation arrangements. The meeting focused on detailing...

2026-08-10

South Korea Designates SMR as National Strategic Technology, Tax Incentives to Drive New Investment in Nuclear Supply Chain

The South Korean government's inclusion of Small Modular Reactors (SMR) in its national strategic technology support scope signals that its energy and industrial policies are extending from traditional large-scale nuclear power plants to next-generation nuclear technologies. SMRs feature modular manufacturing, relatively shorter construction periods, and higher site flexibility, making them a key direction for South Korea in balancing energy security, low-carbon transition, and advanced manufacturing upgrades. This policy has gained support from South Korea's nuclear industry, with the key being that national strategic technology status typically entails tax credits and other incentives for corporate R&D, equipment investment, and related capital expenditures. For companies involved in nuclear equipment, castings and forgings, control systems, engineering design, and fuel-related businesses...

2026-08-10