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Canada Unveils 2026 Budget with Major Nuclear Energy Investment

Recently, the Canadian government officially released its 2026 budget entitled "Mastering Our Fate." The budget provides strong financial support for a national strategy aimed at doubling grid capacity by 2050, and makes large-scale strategic investments in nuclear energy development and critical minerals, comprehensively consolidating Canada's position as a global energy power. Finance Minister François-Philippe Champagne noted that the 2026 budget builds on the significant progress achieved in the 2025 budget. The new budget sets out a total of more than CAD 50 billion (...

2026-11-10

America's First "Large Reactor in a Chemical Plant" Clears the Hurdle: X-energy Xe-100 Ushers in the Conclusion of Safety Review and a Key Springboard to Commercialization

In the global race to industrialize advanced nuclear energy technologies, the high-temperature gas-cooled reactor is reaching a milestone. In late October 2026, the U.S. Nuclear Regulatory Commission (NRC) formally issued the Final Safety Evaluation Report (FSER) for the construction permit application of the Long Mott Generating Station, proposed to be built at Dow Chemical's Seadrift site along the Texas Gulf Coast. This means that the Xe-100 high-temperature gas-cooled reactor, developed by X-energy with an installed capacity of 320 megawatts electric, has successfully passed the most central safety examination at the U.S. nuclear regulatory level, clearing...

2026-11-03

Construction of Phase III of State Power Investment Corporation's Shandong Haiyang Nuclear Power Project Begins

Recently, Phase III of the Shandong Haiyang Nuclear Power Project under State Power Investment Corporation (SPIC) reached a major milestone as the first concrete was officially poured (FCD) for the nuclear island of Unit 5, marking the full-scale commencement of construction of the Phase III project. As a key project in the national 15th Five-Year Plan, Phase III of the Haiyang Nuclear Power Project plans to build Units 5 and 6, adopting the domestically produced CAP1000 Generation III passive pressurized water reactor technology. Through technological upgrades, the project has increased the rated electrical power of a single unit to 1.3 million kilowatts, and innovatively established a diversified equity structure with state-owned capital holding controlling shares and private capital participating as shareholders, becoming a typical demonstration of private capital participating in major national clean energy infrastructure. In terms of engineering construction, the nuclear island FCD of Unit 5 ...

2026-11-02

Unit 1 of State Power Investment Corporation (SPIC) Guangdong Lianjiang Nuclear Power Project Achieves First-Time Success in 220kV Backfeed Power Transmission

On October 22, the 220kV backfeed power transmission for Unit 1 of Phase I of SPIC Guangdong Lianjiang Nuclear Power Project achieved first-time success, marking the unit's full entry into the commissioning phase and laying a solid foundation for subsequent commissioning and high-quality commercial operation. The 220kV backfeed power transmission is the first major commissioning milestone for Lianjiang Nuclear Power Unit 1. The transmission scope covers the off-site 220kV transmission line, the on-site 220kV switchyard, the auxiliary transformer, the 10kV medium-voltage busbars and their control and protection systems. Its function is to feed power from the off-site grid in reverse to the unit's station service power system, providing reliable power support for subsequent commissioning and production operations. To ensure the first-time success of the backfeed power transmission, Zhanjiang Nuclear Power, together with the general contractor Shanghai Nuclear Engineering Research and Design Institute and all participating construction units...

2026-10-23

Australian company Aura plans to make final investment decision on Mauritania's Tiris uranium mine by year-end

Recently, Australian-listed company Aura Energy announced that its newly released feasibility study has confirmed the technical and economic viability of the Tiris uranium project in Mauritania, and the company plans to make a final investment decision (FID) by the end of 2026. The project is expected to require US$349.8 million in development capital, with annual uranium production of 1.8 million pounds after commissioning and a mine life of 26 years. It is understood that the Tiris uranium project is Mauritania's first uranium mine, with major approval procedures already completed, and the pilot plant at Bir Moghrein will begin processing ore in November to verify the process flow. Mauritania's Minister of Mines and Industry Eddy Ould Zeine stated that the government firmly supports the project's development, the state will hold a 15% interest and derive tax and employment benefits from it, regarding it as a cornerstone of the emerging national industry.

2026-10-21

Zhejiang Ziming Cryogenics Secures Investment from Two Major Central Energy SOEs to Scale Up Fusion Cryogenic Systems

Recently, Zhejiang Ziming Cryogenics Technology Co., Ltd. announced the completion of a new round of financing. This round brought together multiple institutions including the CNNC Science and Technology Innovation Fund under China National Nuclear Corporation and the Oriental Zhongying High-end Energy Equipment Fund managed by Dongfang Electric Group in partnership with Bank of China Asset Management, marking the capital market's strong recognition of the company's breakthroughs in bottleneck cryogenic technologies and engineering applications. Founded in 2022, Ziming Cryogenics has long been dedicated to the research and development of ultra-low temperature technologies and core equipment, specializing in complete cryogenic system solutions, high-capacity Stirling cryocoolers, ultra-low temperature precision control valves, and cryogenic pumps and fans. Currently, its kilowatt-class Stirling cryocoolers, covering...

2026-10-21

Malaysia's Worldwide Holdings Bhd Plans Investment Decision on Nuclear Power Project Within Five Years

Worldwide Holdings Bhd, a state-owned conglomerate of Selangor, Malaysia, is actively planning to play a role in Malaysia's future nuclear power development, closely aligning its strategic planning with Selangor's needs for stable electricity supply, enhanced local industrial capabilities, and expanded investment opportunities. The group's Chief Executive Officer Ahmad Zaki Ahmad Zainuddin stated that the preparatory work covers nuclear power plant site assessment, technology selection, and financing scheme evaluation, while simultaneously building professional capabilities spanning the entire project lifecycle from planning and construction to operation. Ahmad Zaki, at the Selangor International Business...

2026-10-18

State Power Investment Corporation and Shanghai Electric Hold a Working Meeting

On September 10, Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of State Power Investment Corporation (SPIC), held a meeting with Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric, and Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric, at SPIC headquarters to exchange views on further deepening strategic cooperation. Jin Xiaolong and Jia Tinggang, Members of the Party Committee and Vice Presidents of Shanghai Electric, and Chen Haibin and Liu Feng, Members of the Party Leadership Group and Vice Presidents of SPIC, attended the meeting. Wu Lei thanked SPIC for its long-term support and introduced Shanghai Electric's industrial development and energy equipment business. Liu Mingsheng expressed gratitude for Shanghai Electric's continued support and introduced SPIC's production and operations, scientific and technological innovation, and other aspects. The two sides focused on serv...

2026-09-11

Adjustment of External Directors at SPIC and Dongfang Electric

Upon study, Wang Wei, Ning Fushun, Wang Sen, and Lü Zhiren are appointed as external directors of State Power Investment Corporation Limited, while Liu Deheng and Nie Xiaofu no longer serve as external directors of State Power Investment Corporation Limited. Upon study, Li Baoqing, Gai Zhaoju, and Sheng Genghong are appointed as external directors of China Dongfang Electric Group Co., Ltd., while Huang Yongda, Zhang Cheng, and Su Wensheng no longer serve as external directors of China Dongfang Electric Group Co., Ltd. China Dongfang Electric Group Co., Ltd....

2026-10-09

Romania's National Nuclear Power Company Plans to Borrow EUR 800 Million from the European Investment Bank: Full Speed Ahead on the Refurbishment of Cernavodă NPP Unit 1

Romania's National Nuclear Power Company (Nuclearelectrica) recently submitted a disclosure to the Bucharest Stock Exchange (BVB), announcing plans to obtain a long-term loan totaling EUR 800 million from the European Investment Bank (BEI), earmarked to finance the Unit 1 Refurbishment and modernization project at the Cernavodă NPP. This major external financing plan has been placed on the agenda and will be formally submitted to shareholders for approval and deliberation at an extraordinary general meeting to be held from October 29 to 30, 2026. The European Investment Bank's Board of Directors had previously formally approved on July 15, 2026, an EUR 800 million credit facility for the project, which is...

2026-10-08

Indiana Launches "Nuclear Ready Communities Program" Applications: Promoting Clean Nuclear Energy Investment to Empower High-Tech Industry Development

Indiana Governor Mike Braun officially announced on Tuesday local time the opening of the application channel for the state's Nuclear Ready Communities Program. The policy aims to guide and assist local municipalities across the Hoosier State in establishing readiness mechanisms to accept advanced clean energy investment, attracting large nuclear power developers to locate there through upfront assessment and certification. Indiana officials position civilian nuclear energy as a core engine for driving future high-tech industry investment, building a resilient power grid, and providing local communities with low-cost, highly reliable electricity. As data centers...

2026-10-07

US and South Korea Advance $120 Billion Nuclear Power Investment Plan: First Batch of 8 Large Units' Sites Locked in Ohio and Three Other States

The joint US-South Korea strategic investment nuclear power project in the United States has achieved a key breakthrough. According to the latest disclosed information, the site selection for 8 large nuclear power units planned to be built on US soil has begun to take shape, with the project to be located in Ohio, Tennessee, South Carolina, and Kentucky. This is the first official disclosure of the proposed states since the announcement of this hundred-billion-dollar-scale nuclear energy investment plan. US Secretary of Commerce Howard Lutnick, during a recent US-South Korea strategic investment announcement event, systematically presented this massive nuclear power engineering blueprint to the public. Lutnick...

2026-10-02

Amazon Signs Long-Term Power Purchase Agreement to Support $3 Billion Investment: Calvert Cliffs Nuclear Power Plant Plans 190 MW Power Uprate and License Renewal Application

Constellation Energy and tech giant Amazon officially announced on September 30 the signing of a long-term Power Purchase Agreement (PPA). The agreement will fully support a major infrastructure upgrade investment exceeding $3 billion at the Calvert Cliffs Nuclear Power Plant in Maryland, with the core plan including a total 190 MW power uprate for two operating Pressurized Water Reactor (PWR) units. This 20-year PPA locks in a 690 MW power supply allocation, of which...

2026-10-03

The first concrete pouring for the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project was successfully completed.

The first concrete pouring for the nuclear island of Unit 2 of SPIC Guangxi Bailong Nuclear Power Project was completed at 16:07 on September 30, after 69 hours and 40 minutes of continuous work. A total of 6,732.5 cubic meters of concrete was used for this pouring, marking another important milestone for the project after the FCD achievement for the nuclear island of Unit 1. Phase I of the Bailong Nuclear Power Project plans to build two CAP1000 nuclear power units. These two units adopt independently designed and domestically manufactured Generation III passive nuclear power technology, with each unit having a capacity of up to 1.25 million kilowatts. At present, Unit 1 has entered the construction and installation stage, and the steel containment vessel bottom head, CA20, CV1R, CA01...

2026-09-30

SPIC Holds Mobilization and Deployment Meeting on Further Deepening Reform

On September 29, SPIC held a mobilization and deployment meeting on further deepening reform in Beijing, to thoroughly study and implement General Secretary Xi Jinping's important expositions on the reform and development of state-owned enterprises and Party building, fully implement the decisions and arrangements of the CPC Central Committee and the State Council as well as a series of work requirements of the State-owned Assets Supervision and Administration Commission of the State Council, unify thinking, clarify tasks, and consolidate responsibilities, solidly advance the Group's new round of reform breakthroughs, and empower high-quality corporate development through reform. Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of the Group, attended the meeting and delivered a speech; Tian Yongzhong, Director and Deputy Secretary of the Party Leadership Group, attended the meeting; Liu Feng, Member of the Party Leadership Group and Vice President, presided over the meeting; Group leaders Chen Haibin, Gao Boyu, and Yan Hang attended the meeting. The meeting pointed out...

2026-09-30