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Valar Atomics Completes $1 Billion Equity Financing, Sequoia Capital Partner Joins Board

Nuclear energy startup Valar Atomics confirmed on August 3 that it has completed a $1 billion equity financing round led by Sequoia Capital. Company founder and CEO Isaiah Taylor stated that Sequoia Capital partner Shaun Maguire has joined the company's board of directors. In addition to the equity financing, Valar Atomics also secured a $200 million credit facility from Erebor and other banks. Valar Atomics did not disclose its post-financing valuation. Reports indicate the company is valued at approximately $6 billion. Valar Atomics primarily...

2026-08-04

IIT Hyderabad launches nuclear technology training programme

The Indian Institute of Technology Hyderabad (IIT Hyderabad), in collaboration with Pune-based technology company Crimson Energy Experts Pvt. Ltd. (CEEPL), has launched a three-month full-time residential training programme to train engineers and industry professionals for India's expanding civil nuclear energy sector. The programme, named Anugyan-Nuclear Technology Orientation Programme (NTOP), is described as India's first industry-academia collaborative initiative dedicated specifically to engineering talent development in the nuclear energy sector, with a focus on bridging the gap between academic curricula and nuclear industry engineering practice.

2026-08-04

Greece to Set Up Cross-Ministerial Group to Study Nuclear Energy Deployment, with Focus on Small Modular Reactors

Greek Prime Minister Kyriakos Mitsotakis announced that Greece will establish a cross-ministerial group to study the scientific basis and legal framework required for the potential deployment of nuclear energy. The Greek government has approved the establishment of the relevant cross-ministerial body, laying the institutional foundation for subsequent assessment work. At a cabinet meeting held on July 30, Mitsotakis stated that an increasing number of countries are considering generating electricity using small modular reactors, and Greece cannot ignore this trend. He said Greece should at least conduct research and obtain complete data before making any decisions. The effort aims to keep Greece abreast of international nuclear technology developments and build a professional...

2026-08-04

Portuguese Parliament Advised to Assess Feasibility of Small Modular Reactors in the Country

On July 30, the Portuguese Parliament received a draft resolution recommending that the government adopt a pro-nuclear stance and conduct an assessment of the feasibility of using small modular reactors in the country. The draft emphasizes that, against the backdrop of the Russia-Ukraine conflict, successive wars in the Middle East, and the increasing fragility of international supply routes, energy security is no longer merely an economic or environmental issue but a core element of national sovereignty and strategic autonomy. Portugal should not ideologically exclude any low-carbon technology without objective research. The draft resolution points out that Portugal's current energy policy should balance supply security, economic competitiveness, consumer protection, and emission reduction goals, without preemptively rejecting any technology that could contribute to these...

2026-08-01

Italy Moves to Approve Advanced Nuclear Legal Framework, Paving Way for Small Modular Reactors

Italy's parliament is expected to approve a bill next week establishing a legal framework for advanced nuclear technologies, covering next-generation nuclear solutions such as small modular reactors (SMRs). If passed, the bill would authorize the government to formulate specific rules within one year on reactor licensing, safety regulation, radioactive waste management, and site selection. Italy's Minister of Environment and Energy Security, Gilberto Pichetto Fratin, stated that the government's current responsibility is to create the necessary conditions so that entities responsible for future construction decisions can proceed in accordance with the law. In June this year, the Italian Chamber of Deputies...

2026-08-02

Vietnam and Russia Join Forces to Accelerate Nuclear Science and Technology Research Center Project

On the afternoon of July 30, Vietnamese Minister of Science and Technology Vu Hai Quan received a delegation led by Ilja Vergizajev, General Director of Rosatom Construction Technology Co., Ltd., a subsidiary of Russia's State Atomic Energy Corporation (Rosatom), in Hanoi. During the meeting, the Vietnamese side put forward three specific requests: accelerating the construction of the Vietnam Nuclear Science and Technology Research Center (CNST); supporting Vietnam in gradually mastering small modular reactor (SMR) technologies; and training human resources for Vietnam in the fields of atomic energy, radiation, and nuclear safety. Both sides confirmed that nuclear cooperation holds strategic significance and has long been a focus of high-level attention between the two countries. The CNST has been defined by the Vietnamese side as a...

2026-07-31

World Nuclear Association expects global large-scale nuclear power construction spending to peak between 2041 and 2045

The World Nuclear Association (WNA) expects global nuclear power industry spending to reach a phased peak between 2041 and 2045. At 2025 prices, approximately $1 trillion will be directed toward the construction of large nuclear power plants during this period. Sama Bilbao y León, Director General of the World Nuclear Association, stated that investment interest in the nuclear energy sector has significantly increased, with 50 countries having formulated relatively specific nuclear energy development plans. She believes that implementing these plans will require substantial financial support, with the required investment scale far exceeding current levels. According to the Association's estimates, in addition to large nuclear power plant construction, approximately $450 billion will be allocated globally to small modular reactor projects between 2041 and 2045, along with $84 billion for extending the operational lifetimes of existing reactors.

2026-07-30