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SPIC Holds a Symposium for Non-Party Representative Figures

On September 29, SPIC held a symposium for non-Party representative figures to thoroughly study and implement General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era and the spirit of his important speech at the symposium with non-Party figures, to solidly advance the implementation of the decisions and arrangements of the CPC Central Committee on united front work and the relevant work requirements of the Party Committee of SASAC, and to contribute SPIC's strength to the advancement of Chinese modernization. Liu Mingsheng, Secretary of the Leading Party Members Group and Chairman of SPIC, attended the meeting and delivered a speech. Tian Yongzhong, Director and Deputy Secretary of the Leading Party Members Group, presided over the meeting. The meeting pointed out that General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era provides the fundamental guideline for doing a good job in united front work on the new journey in the new era and for giving full play to the powerful magic weapon role of the united front.

2026-10-01

Saskatchewan, Canada Releases Long-Term Nuclear Energy Strategy: Plans to Build 2,600 MW of Nuclear Power by 2050

Scott Moe, Premier of Saskatchewan, Canada, officially announced the province's long-term nuclear energy development plan in Saskatoon on September 29, establishing a strategic goal of building at least 2,600 megawatts (MW) of nuclear power capacity by 2050. Moe emphasized that nuclear energy is not only a zero-carbon clean baseload power source, but also a "nation-building opportunity" that empowers economic growth for generations, will create high-end jobs across the province, attract multinational capital, and ensure long-term electricity stability for households and industry. According to the plan, four core pillars have been established: 1. Build a highly resilient power foundation supporting long-term economic growth: Rely on non-intermittent zero-carbon nuclear energy to address the electricity load gap brought about by society-wide electrification...

2026-09-30

Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project starts construction

At 18:27 on September 27, the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Nuclear Power Bailong Nuclear Power Project began its first concrete pour (FCD), marking that Phase I of the Bailong Nuclear Power Project has shifted from single-unit construction to a new stage of comprehensive dual-unit construction. The FCD for Unit 2 of the Bailong Nuclear Power Project adopted a single-side pushing continuous one-time integral pouring method, with approximately 6,637 cubic meters of concrete planned to be poured over approximately 58 hours. In view of the multiple overlapping construction difficulties such as the large bottom slab size, irregular shape, and high difficulty of temperature control and curing, the project team prepared a special construction plan in advance and implemented all-round safeguard measures. The single-side pushing pouring path and process parameters were optimized, and the owner, supervisor and general contractor exercised full-process on-site supervision and control

2026-09-28

Kairos Power Secures $100 Million Investment from Samsung to Build Nuclear Reactors for Google

Recently, Kairos Power received a $100 million investment from Samsung C&T to build nuclear reactors for Google. Samsung C&T Engineering will participate in the construction of Kairos Power's 50-megawatt demonstration reactor, which is planned for completion by 2030. As part of the deal, Samsung C&T will make an equity investment in Kairos Power and provide in-kind engineering services, with the combined value reaching up to $100 million. Kairos Power stated that the equity investment will account for $70 million of the total investment. Samsung C&T has participated in or helped build approximately a dozen nuclear reactors worldwide, possessing extensive...

2026-09-23

New Generation "Harmony System" and Other Technological Achievements Debut at the 23rd China-ASEAN Expo

At the five-day 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit, CGN showcased its innovative achievements in nuclear power, new energy, and digitalization under the theme "Smart Nuclear Powers Free Trade, Green Electricity Connects ASEAN." At the exhibition, CGN Digital Technology highlighted its independently developed Harmony System series products and their applications in the new energy sector, and used virtual reality technology to give visitors the opportunity to tour nuclear power plants. The Harmony System is hailed as the "nerve center" and "brain" of nuclear power plants. It is China's independently developed nuclear safety-class digital instrumentation and control system, and has now been widely applied to 34 nuclear power units nationwide, covering second- to fourth-generation nuclear power reactor types and technologies. Through the comprehensive iterative upgrading of the Harmony System, CGN Digital Technology has equipped it with a smarter, safer, and more economical "super intelligent brain," aiming to provide digital and intelligent empowerment for the full-cycle production and operation of nuclear power plants.

2026-09-22

Announcement of South Korea's U.S. investment plan delayed due to need to clarify related procedural issues

South Korean Foreign Minister Cho Hyun said on Thursday that the announcement of South Korea's U.S. investment plan under the South Korea-U.S. trade agreement has been delayed due to the need to clarify related procedural issues, but he did not disclose further specific details. Cho made the remarks at the airport before departing for the United States, where he is scheduled to hold talks with U.S. Secretary of State Marco Rubio on Friday. According to officials familiar with the matter and media reports, the South Korean government this week postponed the briefing on the investment plan originally scheduled to be submitted to a congressional committee, and tentatively rescheduled it to September 22. South Korean lawmakers said that a dedicated briefing to the National Assembly is a core step before the two countries finalize the details of South Korea's massive investment commitment to the United States...

2026-09-18

European Investment Bank to invest €40 million in Finnish small modular reactor company Steady Energy

The European Investment Bank will invest up to €40 million (about $46 million) in Finnish small modular reactor company Steady Energy. The company's LDR-50 reactor is specifically designed for district heating networks, and this is also the European Investment Bank's first investment in small modular reactor technology. The European Investment Bank is jointly owned by the 27 EU member states, and these member states do not have a consistent attitude toward nuclear energy. In the past, the bank usually avoided new nuclear power projects and invested only in projects related to nuclear safety, such as Chernobyl-related projects. However, over the past year or so, the European Investment Bank has provided loans for the refurbishment project of a reactor in Romania, as well as for the Tricastin...

2026-09-16

US Fusion Company Commonwealth Fusion Systems Secures $1 Billion Investment from South Korea's Hyundai

Recently, the US nuclear fusion company Commonwealth Fusion Systems, backed by Bill Gates, has secured a $1 billion investment from South Korea's Hyundai Motor Group to build its commercial fusion power plant. Chung Ho-eun, Executive Vice President of Hyundai Motor Group, stated that the plan will enable both parties to explore engineering collaboration on a commercial fusion power plant project called ARC. Fusion energy is expected to play an important role in meeting growing global energy demand while supporting a more sustainable future. As of June this year, this hardware solution has received formal academic confirmation of its physical feasibility. Following a peer-reviewed study, CFS validated the ARC des...

2026-09-14

Sichuan Energy Nuclear Industry Co., Ltd. Established in Chengdu, Focusing on Advanced Nuclear Microreactor R&D

On September 9, according to Chengdu Sci-Tech Innovation Investment Group, Sichuan Energy Nuclear Industry Co., Ltd. recently completed its establishment in Chengdu with a registered capital of 1 billion yuan. The company was jointly funded and established by Chengdu Sci-Tech Innovation Investment Group through its Chengdu Future Industry Venture Capital Fund, together with Sichuan Energy Development Group, China Nuclear Power Research and Design Institute, Shenzhen Capital Group, and other state-owned capital entities, with its registered address in Chengdu. According to disclosed information, Sichuan Energy Nuclear Industry Co., Ltd. will mainly focus on advanced nuclear microreactor technology R&D iteration, industrialization implementation, and green energy technology layout, positioned as a resource integration center, R&D innovation center, and investment decision-making center, with priority on advancing advanced multi-purpose...

2026-09-10

Japan's GX investment expands nuclear power supply chain demand, 17 Korean nuclear power-related material and equipment suppliers visit Tokyo for business talks

On September 10, 2026, the Korea Trade-Investment Promotion Agency (KOTRA) announced that, together with Korea Hydro & Nuclear Power and the Korea Nuclear Industry Association, it had dispatched the 2026 Smart Energy Week Climate Technology Market Exploration Delegation to Tokyo, Japan. The delegation consisted of 17 Korean suppliers of materials, parts, and equipment in the new energy and nuclear power sectors. KOTRA stated that the move aims to align with Japan's energy transition and growing electricity demand, and to support Korean suppliers in entering the local Japanese supply chain. The Korean delegation, together with the Japan Electrical Manufacturers' Association (JEMA) and RX Japan, jointly held a Japanese power equipment industry...

2026-09-10

U.S. Nuclear Power Construction Included as Candidate in South Korea's U.S. Investment Consultations

On September 10, 2026, consultations between South Korea and the United States over a $350 billion U.S. investment plan entered a late stage. In addition to the Encinar gas combined-cycle power project in Texas being regarded as the first investment candidate, the U.S. side is said to have also proposed using a considerable portion of the $200 billion in strategic investment for nuclear power plant construction. According to related information, the U.S. nuclear power construction plan includes up to eight large nuclear reactors, and South Korea's APR1400 reactor design has also been included in discussions for some projects. South Korea's Ministry of Trade, Industry and Energy said regarding the nuclear power projects that relevant parties are in consultations, but specific details have not yet been determined. Texas's rapidly growing electricity demand is an important background for the South Korea-U.S. discussions on...

2026-09-10

Korea and U.S. reportedly in talks to jointly build 8 large-scale nuclear power plants in the U.S.

According to the South Korean government and political figures on September 7, South Korea and the United States are in the final stages of discussions on a plan to jointly build up to 8 large-scale nuclear power plants in the U.S. The plan is seen as one of the follow-up projects under the Korea-U.S. investment arrangement in the U.S. Sources say the U.S. side had proposed allocating $120 billion of the $200 billion investment commitment to the construction of 8 nuclear power plants within the framework of investment in the U.S. An additional $150 billion in shipbuilding-related investment falls outside that commitment. However, the South Korean government reportedly did not accept the proposal to directly specify the exact investment amount, instead preferring to use general wording such as "jointly building 8 nuclear power plants" in relevant documents to preserve room for further coordination...

2026-09-08

Uzbekistan's Jizzakh Nuclear Power Project Investment Estimate Reaches $9.5 Billion

The nuclear power project in the Jizzakh region, developed by Uzbekistan in cooperation with Russia's State Atomic Energy Corporation (Rosatom), has a total capital expenditure estimate of $9.5 billion. The investment scope includes site preparation, reactor construction, regulatory compliance, and high-voltage grid connection. Under the project arrangement, the nuclear power plant will adopt Russian-designed advanced reactor technology to meet regional baseload power supply demands and adapt to Uzbekistan's geographical and climatic conditions. The project site in the Jizzakh region is intended to enhance power supply reliability for the central industrial corridor of Uzbekistan and promote a reduction in the country's energy structure's dependence on natural gas. Uzbek President Shavkat...

2026-09-07

Site Construction Officially Launched for Phase I of Shandong Laiyang Nuclear Power Project

On September 1, the pre-work meeting and construction mobilization meeting for the main plant area site leveling of Phase I of the State Power Investment Corporation (SPIC) Shandong Laiyang Nuclear Power Project was held at the project site, marking a key step forward in the construction of the Laiyang Nuclear Power Project and the full launch of site leveling works for Phase I. Before the meeting, the construction crew organized a pre-work briefing, during which responsible persons from all participating construction parties inspected the site on location, verified the operating conditions of construction machinery and equipment one by one, and conducted inspections and evaluations of pre-work preparations, solidifying the foundational conditions for construction commencement from the source. At the construction site, engineering machinery stood in orderly formation, and the construction teams were in high spirits. The responsible person of SPIC Laiyang stated that the Laiyang Nuclear Power Project will strictly implement the "four strictest" work requirements, coordinate all aspects of safety, quality, and schedule, and that all participating construction units will work in synergy, strive for excellence, and promote high-quality project development throughout the full lifecycle, injecting strong momentum into the Group's nuclear energy business for greater strength, optimization, and expansion.

2026-09-04

South Korea Plans to Increase R&D Investment in Nuclear Fusion and Small Modular Reactors

South Korea's Ministry of Science and ICT (MSIT) stated on September 1 that in the 2027 government budget proposal approved at a Cabinet meeting, the ministry's budget amounts to 29.6476 trillion Korean won, an increase of 24.5% compared to this year's supplementary budget. Of this, the R&D budget is planned to increase from 11.9 trillion won this year to 14.1 trillion won, accounting for 36% of the South Korean government's total R&D budget. In the science and technology sector, MSIT plans to invest 12.377 trillion won in R&D related to next-generation artificial intelligence and advanced technologies. In explaining the budget proposal, the ministry's First Vice Minister stated that in response to the growing electricity demand driven by AI development, South Korea will accelerate the development of future clean energy sources such as small modular reactors (SMRs) and nuclear fusion...

2026-09-02