Search Results

Czech industrial valve manufacturer MSA expands into the full nuclear energy supply chain

Czech industrial valve manufacturer MSA is actively expanding its business, aiming not only to participate in the construction of the Dukovany nuclear power plant but also to enter the supply chains related to small modular reactors (SMRs) and nuclear submarine projects. The company is one of the representatives of Czech industrial valve manufacturers, with years of industry experience and technical expertise. MSA specializes in the manufacture of industrial valves designed for the control of media such as liquids and gases. Its products have a long history and have undergone significant technological advancements. Modern industrial valves have become a highly specialized field, relying on contemporary research, innovative materials, and stringent technical and legal requirements. In particular, valves used in nuclear power plants must meet the highest standards of quality, safety, and operational reliability...

2026-08-06

Vietnam's Ministry of Science and Technology and Canada's Saskatchewan Province Strengthen Cooperation on Peaceful Use of Nuclear Technology

Vietnam and Canada's Saskatchewan Province are cooperating on the peaceful use of nuclear technology. Officials from both sides met in Hanoi on August 5, 2026, to discuss directions for cooperation in science, technology, and innovation, particularly in advanced nuclear technology. The Vietnamese side stated that as Vietnam's energy demand grows, ensuring a stable, green, and clean energy supply is of paramount importance, expressing strong interest in research on small modular reactors (SMRs) as well as CANDU reactor technology. During the meeting, both sides discussed strengthening cooperation among regulatory agencies, legal departments, and research organizations in the nuclear technology field, covering legal framework development, technical standards, nuclear safety and safeguards assessment licensing, accident response, and...

2026-08-06

First American Nuclear Company (FANCO) Receives DOE Funding to Accelerate Advanced Nuclear Reactor Development

First American Nuclear Company (FANCO) has received two Rapid Turnaround Experiment (RTE) awards from the U.S. Department of Energy's Office of Nuclear Energy, enabling the company to leverage specialized national laboratory research capabilities to support the development of its EAGL-1 small modular reactor. These awards were granted during the FY2026 RTE selection cycle, which evaluates proposals based on technical superiority, feasibility, and relevance to DOE's nuclear energy programs. The program provides researchers with free access to radiation testing, post-irradiation examination facilities, and technical expertise. FANCO-approved research projects include a study on the effects of extrusion temperature on FeCrAl-ODS alloys in liquid metal fast...

2026-08-06

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

Tennessee Valley Authority (TVA) Restarts Nuclear Plant Plans to Build New Small Modular Reactors

The Tennessee Valley Authority (TVA) plans to build Small Modular Reactors (SMRs) at the abandoned Bellefonte Nuclear Plant, receiving $400 million in federal funding support. This initiative aims to meet growing electricity demand and leverage advanced nuclear energy technology. The project will adopt NuScale's Small Modular Reactor technology, with an expected total installed capacity of up to 6,000 megawatts. TVA Interim CEO Mike Skaggs stated that the Bellefonte Nuclear Plant is an ideal site for building these small reactors, as the site already possesses the necessary infrastructure and cooling water resources. Small modular react...

2026-08-06

South Korea's Woori Technology Completes KRW 40 Billion Convertible Bond Financing to Bolster Nuclear Power and SMR Businesses

Woori Technology, a South Korean company specializing in nuclear power plant Man-Machine Interface Systems (MMIS) and related instrumentation and control equipment, announced on August 6 that it has decided to issue the 20th series of unregistered, unsecured private convertible bonds (CBs) totaling KRW 40 billion. The raised funds will be primarily used for nuclear power, small modular reactor (SMR), offshore wind power, and resource recycling businesses. The maturity date of these convertible bonds is August 13, 2031, with a conversion price of KRW 10,717 per share. Both the coupon rate and yield to maturity are 0%, which helps the company secure long-term funding for core business investments while controlling financial costs. Woori Technology stated that the raised funds...

2026-08-06

Eagle Nuclear Energy Announces Discovery of Largest Uranium Deposit in the United States

Eagle Nuclear claims to have discovered the largest uranium deposit in the United States, located at the border of Oregon and Nevada. The company states that it holds an interest in the Aurora Project, which is the largest conventional uranium deposit in the U.S. classified under measured and indicated standards. The deposit currently contains 32.75 million pounds of indicated resources and 4.98 million pounds of inferred resources, compliant with the U.S. Securities and Exchange Commission (SEC) S-K 1300 standards. Eagle Nuclear is submitting permit applications for drilling plans to federal and state regulators, targeting completion of a feasibility study in the second half of 2027. Following its recent public market listing, the company has strengthened its technical team, adding the Yukuskokon Professional Services advisory team, and expanded its existing agreements with BBA USA and SLR International.

2026-08-05

U.S. NRC Approves Four SMR-300 Reactors at Oyster Creek Site in New Jersey

A retired nuclear power plant in New Jersey is getting a new lease on life with the construction of small modular reactors. The U.S. Nuclear Regulatory Commission (NRC) has approved the construction of four advanced small modular reactors (SMRs) at the site of the Oyster Creek nuclear power plant in New Jersey. The plant is currently in decommissioning, with more than half of the dismantling work completed. The Oyster Creek Generating Station, which began construction in December 1969 and operated for nearly 49 years until its closure in September 2018, was once the longest-operating commercial nuclear power plant in the United States. It produced over 192 terawatt-hours of carbon-free electricity in total. Supported by New Jersey's pro-nuclear legislation and stable local backing, Holtec plans to build...

2026-08-05

Arkansas Advances New Nuclear Power Plant Project, Hyundai Motor Supports SMR Construction

Entergy, Holtec International, and Hyundai Motor Group signed an agreement on August 4, 2026, to jointly advance a nuclear power generation project in White County, Arkansas. The project will utilize Holtec's technology for the design, manufacturing, and maintenance of Small Modular Reactors (SMRs), while Hyundai Motor will be responsible for providing key equipment and technical support for the plant. This collaboration involves the construction of a new nuclear power plant in Arkansas, which is expected to provide reliable and clean electricity to the local area. Entergy will serve as the operator of the project, responsible for the safe operation and management of the nuclear power plant, and will also work closely with H...

2026-08-05

Holtec, Entergy, and Hyundai Engineering & Construction Partner to Evaluate SMR-300 Deployment Opportunities in the Southern United States

On August 4, local time, Holtec International, Entergy Services, LLC, and Hyundai Engineering & Construction Co., Ltd. (HDEC) announced a strategic collaboration to jointly evaluate potential opportunities for deploying Holtec's SMR-300 advanced small modular reactor within Entergy's service territory to power large-load customers. The collaboration is established through a non-binding memorandum of agreement. Under the arrangement, the three parties will conduct assessments around a potential two-unit SMR-300 project, focusing on customer demand,...

2026-08-05

Mitsubishi Heavy Industries to Fully Develop Small Modular Reactors, Targeting Commercialization in Japan

Against the backdrop of the Japanese government's push to expand nuclear energy utilization, Mitsubishi Heavy Industries has decided to proceed with full-scale development of Small Modular Reactors (SMRs), with the goal of achieving commercial application in Japan. This is seen as a significant step forward by a Japanese private enterprise toward the practical deployment of SMRs. The Basic Energy Plan approved by Japan's Cabinet last year calls for maximizing the use of nuclear energy. At a ministerial meeting held last week, the Japanese government once again confirmed its commitment to advancing the research, development, and deployment of next-generation nuclear reactors. SMRs represent one of the technology pathways for next-generation nuclear reactors. Due to their smaller unit size and higher degree of modularization, the industry generally...

2026-08-05

South Korea Designates SMR and MMR as National Strategic Technologies; South Gyeongsang Province Says It Will Promote Transition of Nuclear Power Companies

South Gyeongsang Province said on August 4 that it welcomes the South Korean government's designation of Small Modular Reactors (SMR) and Micro Modular Reactors (MMR) as national strategic technologies in the 2026 tax reform plan. Under the relevant arrangement, the South Korean government will revise the Special Tax Treatment Control Act and its enforcement decree to include industries related to small modular reactors of 300 MW or less and micro modular reactors of 20 to 30 MW class within the scope of national strategic technologies. Going forward, companies conducting R&D on SMR and MMR technologies or investing in related facilities will be eligible for higher tax credits for R&D and facility investment. South Gyeongsang Province believes that this policy will provide an opportunity for local nuclear power companies to transition into the SMR...

2026-08-05

NPCIL launches engineering design tender for 220 MWe Bharat Small Reactor

Nuclear Power Corporation of India Limited (NPCIL) has issued a tender notice inviting bids for plant engineering design and 3D modeling services for its 220 MWe-class Bharat Small Reactor (BSR) project. The reactor design is based on India's existing 220 MWe pressurized heavy water reactor (PHWR) technology, with a bid submission deadline of August 10. The scope of this tender covers general design and engineering services for civil, process, mechanical, piping, electrical, control and instrumentation systems, as well as heating, ventilation and air conditioning systems, pipe stress analysis, and 3D computer modeling. NPCIL aims to select a supplier capable of delivering an integrated engineering solution and providing support for subsequent detailed design verification, construction and commissioning documentation. The project requires suppliers to prioritize quality assurance and comply with relevant regulatory and technical standards.

2026-08-04

Dominion Energy Renews Early Site Permit for North Anna Nuclear Plant

Dominion Energy Virginia is taking steps to renew the early site permit for its North Anna nuclear power plant, originally issued in 2007. Located in Louisa County, the North Anna plant currently operates two reactors. The company submitted an application to the U.S. Nuclear Regulatory Commission (NRC) on July 14, seeking to extend the early site permit for a period of 20 years, or 20 years from the date of issuance, whichever is later. The NRC has formally acknowledged receipt of the request and is reviewing it for docketing acceptance. An early site permit is an optional process through which the NRC can confirm whether a site is suitable for a new nuclear power plant; obtaining such a permit can reduce risks of delays during the licensing and construction process...

2026-08-04

Ontario Power Generation (OPG) Advances New Nuclear Power Planning at Nanticoke Site, Allocates CAD 500,000 for Local Consultation

Ontario Power Generation (OPG) is planning new energy facilities at the site of the former coal-fired plant in Nanticoke, allocating CAD 500,000 for communication and planning with Haldimand County. The 900-acre site is being evaluated for future power generation possibilities, including small modular reactors (SMRs) or a standard nuclear power plant. This move aligns with Ontario's generational energy plan, aimed at meeting electricity demand projected to grow by 90% by 2050. The Nanticoke Generating Station was once the largest coal-fired power plant in North America, operating from 1972 to 2013 and safely decommissioned in 2019. OPG President and CEO Nicolle Butcher stated that the company understands the...

2026-08-04