Search Results

Japan's Kyoto Fusioneering Secures Series D Funding Led by Korea-Japan Fusion Fund

IMM Investment Japan (IMMJ) announced on September 1 that it has led the Series D funding round for Kyoto Fusioneering, a Japanese fusion energy company. The investment was made through the Korea-Japan Fusion Fund, established jointly by Korean and Japanese investors. The fund, initiated by IMMJ, is positioned as a cross-border project fund designed to connect the capital and industrial networks of major Korean corporations with Japan's cutting-edge technology companies. Investors participating in the fund include POSCO Holdings, POSCO International, Doosan, Hyundai Motor, and GS...

2026-09-01

Signed Article by Liu Mingsheng, Chairman and Party Secretary of State Power Investment Corporation (SPIC)

Seizing the High Ground of Future Energy, Accelerating the Pace of Green Transformation Liu Mingsheng, Chairman and Party Secretary of State Power Investment Corporation (SPIC) At present, a new round of technological revolution is converging historically with the green, low-carbon transformation of energy, and future industries are becoming a strategic battleground for reshaping the global competitive landscape. General Secretary Xi Jinping's series of important remarks on future industries, made from the strategic height of advancing the building of a strong nation and the great cause of national rejuvenation, provide important guidance for developing future industries, building a modern industrial system, and grasping the initiative in development. As the world's largest clean energy power generation enterprise, SPIC has always regarded the development of future industries as a strategic lever for safeguarding the nation's long-term energy security and winning the initiative in development...

2026-08-31

India's Draft Nuclear Regulations May Affect Foreign Reactor Technology Introduction

A draft nuclear regulatory framework in India could introduce new uncertainty to its nuclear power expansion plans. Multiple industry insiders and legal experts believe that the draft's additional approval requirements for imported reactors may push companies toward domestic technology and delay the entry of foreign capital and advanced reactor technology into the Indian market. India passed a new nuclear energy law last year, allowing private enterprises to enter the nuclear power sector, which had long been strictly controlled by the state, and is attempting to expand nuclear power capacity by introducing foreign technology and investment. India plans to increase its nuclear power installed capacity nearly tenfold over the next two decades to 100 gigawatts, with estimated investment needs approaching $210 billion. The target is seen as...

2026-08-28

Liaoning Zhuanghe Nuclear Power Enters Construction Preparation Phase, Expected to Complete 2 Billion Yuan in Project Investment by Year-End

On August 22, 85 heavy and light engineering machinery units entered the site simultaneously to carry out topsoil clearing work on 179,000 square meters of land, marking the official entry of the Liaoning Zhuanghe nuclear power project into the construction preparation phase. Rendering of the Liaoning Zhuanghe nuclear power project. The Liaoning Zhuanghe nuclear power project is the first nuclear power project in Northeast China to adopt the Hualong One, China's self-developed third-generation nuclear power technology. The project plans to build six million-kilowatt-class nuclear power units in three phases, with a total investment of approximately 125 billion yuan. The first phase will construct two units with a total investment of approximately 44.56 billion yuan. It was approved at the executive meeting of the State Council on July 31, received formal approval from the National Development and Reform Commission on August 13, and obtained the advance land use approval from the Liaoning Provincial Department of Natural Resources on August 20, meeting the legal conditions for land construction.

2026-08-25

South Korea denies rumors of joint investment with U.S. in Westinghouse Electric

In response to external claims that the United States proposed South Korea jointly invest in Westinghouse Electric Company, the South Korean government recently responded, stating that such claims are not true. According to a South Korean government source revealed on August 24, the Ministry of Trade, Industry and Energy (MOTIE) and Korea Electric Power Corporation (KEPCO) were reportedly evaluating a plan to jointly acquire a partial stake in Westinghouse Electric Company (WEC) with the U.S. government. The related claims stated that the investment scale and shareholding ratio had not yet been determined, and the plan might involve establishing a special purpose vehicle through joint South Korea-U.S. funding to acquire shares and participate in subsequent U.S. nuclear power plant construction projects.

2026-08-25

Japan's GX Promotion Organization Invests in Nuclear Fusion Startups

Japan's Green Transformation Promotion Organization (GX Promotion Organization) has invested in two startups, focusing on nuclear fusion-related technology and plastic recycling businesses respectively. The public funds invested are expected to be approximately 3 billion yen; when private sector funds are included, the total related investment is expected to reach approximately 20 billion yen. The two companies are Kyoto Fusioneering and JEPLAN. Among them, Kyoto Fusioneering is primarily engaged in the development of nuclear fusion engineering technology, while JEPLAN is involved in circular economy businesses such as plastic recycling. Details of the investment are expected to be officially announced by the relevant parties. This investment is seen as part of Japan's push to industrialize its green transformation.

2026-08-24

SPIC Shandong Nuclear Power's Total Intellectual Property Achievements Surpass 1,000

Recently, the total intellectual property achievements of SPIC Group Shandong Nuclear Power surpassed 1,000, and the company was also recognized as a "Yantai Intellectual Property Advantage Enterprise." It is reported that these 1,000 achievements include over 800 patents (including 5 international patents), 194 software copyrights and work copyrights, and 3 registered trademarks. Focusing on the new scenario of nuclear energy heating, Shandong Nuclear Power has formed over 100 patent achievements covering key areas such as system design, equipment optimization, and operation control, promoting clean nuclear energy's transition from power generation to heating, and creating China's first nuclear energy comprehensive utilization brand, "Nuanhe No.1." Focusing on the technical breakthrough of reheat control valves in the conventional island under the large-scale heating scenario of AP/CAP1000 pressurized water reactor nuclear power plants, the company has overcome key technical challenges and formed a series of patent achievements, supporting the innovative development of nuclear power equipment. The main pump frequency converter is known as the "heart" of nuclear power operation. Around its technical breakthroughs, the company has established a patent portfolio, driving control optimization and equipment reliability improvement, providing strong support for innovation in nuclear power equipment.

2026-08-17

Türkiye Maps Out Small Modular Reactors, Targeting 5,000 MW Installed Capacity by 2050

Türkiye is positioning small modular reactors (SMRs) as a new breakthrough in its nuclear energy strategy. Under relevant plans, Türkiye aims to achieve approximately 5,000 MW of SMR installed capacity by 2050, a scale that would surpass the Akkuyu Nuclear Power Plant project. For Türkiye, which has long sought to reduce its external energy dependence, SMRs are seen as a strategic opportunity combining energy security, industrial upgrading, and technological competitiveness. Compared with traditional large-scale nuclear power plants, SMRs feature smaller installed capacity and more flexible deployment, typically ranging from 10 MW to 300 MW; micro modular reactors below 10 MW are even smaller and can be transported by truck. Reports note that such reactors can be deployed in...

2026-08-13

SPIC Nuclear Conventional Island Quality Supervision Sub-station Conducts Pre-FCD Supervision and Inspection on Unit 2 of Guangxi Bailong Nuclear Power Plant

Recently, the Nuclear Conventional Island Engineering Quality Supervision Sub-station of State Power Investment Corporation (hereinafter referred to as the SPIC Sub-station) completed the first and pre-FCD quality supervision and inspection of the conventional island of Unit 2 of Phase I of the Guangxi Bailong Nuclear Power Plant. The inspection adopted a cross-supervision model, coordinated by the Nuclear Conventional Island Engineering Quality Supervision Station, with the directly affiliated project station organizing a supervision team of senior industry experts, and the SPIC Sub-station providing full coordination and support throughout the process. This initiative aims to break long-standing inertial thinking and leverage external perspectives to identify management blind spots and quality hazards that may have been overlooked. Yin Jingfeng, Executive Deputy Director of the Nuclear Conventional Island Engineering Quality Supervision Group, attended the event and made work arrangements, with project leaders from the construction unit and all participating units fully involved in the supervision and inspection.

2026-08-11

India Announces INR 26.75 Trillion in Investments This Fiscal Year, with INR 6.5 Trillion Planned for Nuclear Power

According to a report released by the Economic Research Department of India's Bank of Baroda, total announced investments in India reached INR 26.75 trillion between April 1 and August 5 of the 2026-2027 fiscal year. Amid persistent uncertainties in the global economic landscape, Information Technology-enabled Services (ITeS) emerged as the dominant investment destination, accounting for 56% of total proposed investments. The report stated that the ITeS sector announced investments of INR 14.98 trillion, with nearly 99% concentrated in data centers and artificial intelligence, involving 13 companies. This indicates that digital infrastructure and AI-related industries remain a strategic focus for Indian enterprises and capital allocation. By sector, investment announcements remain highly...

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

Small Modular Reactors Expected to Contribute One-Quarter of Global New Nuclear Capacity by 2050

According to data compiled by the World Nuclear Association (WNA), global nuclear power installed capacity is expected to reach 1,446 GWe by 2050. This projection is based on the continued operation of existing reactors and the implementation of announced nuclear power development targets by governments. Currently, global installed nuclear capacity stands at approximately 403 GWe. To achieve the above scale, an additional approximately 1,043 GWe of nuclear capacity will need to be added. Among this, Small Modular Reactors (SMRs) are expected to contribute about 260 GWe, accounting for roughly one-quarter of global new nuclear capacity. Factors driving nuclear power expansion are increasing. The rapid adoption of artificial intelligence applications has driven up electricity demand from data centers, and the accelerating electrification of transportation and industrial sectors has further elevated the importance of stable, low-carbon electricity supply. Meanwhile, energy security and net-zero emission targets are prompting more countries to reassess the role of nuclear energy in their energy mix.

2026-08-10

"1455" System Officially Goes Live at SPIC Zhanjiang Nuclear Power

The "1455" project is the abbreviated name of the SPIC Group's "1455" World-Class Financial Management System Construction Project. Built on SAP ERP as its foundation, with treasury management as the breakthrough point and contracts as the main thread, the "1455" project adopts a strategy of "pilot rooms first, then full-scale rollout," leveraging digital and intelligent empowerment and value-driven approaches to comprehensively achieve business-finance integration and drive the Group's overall digital and intelligent transformation and upgrade. In accordance with the Group's unified deployment, on August 8, the "1455" system was officially launched at Zhanjiang Nuclear Power. The company's core business modules including finance, materials, projects, and contracts have been formally migrated to this platform for daily operations, marking a new milestone in the company's business-finance integration and digital management capabilities, injecting strong momentum for the Group's "balanced growth strategy" to take root and deliver results in Zhan...

2026-08-10

SPIC Archives Management Project Selected for National Archives Administration AI Application Pilot

On July 29, the National Archives Administration issued the "Notice on Announcing AI Application Pilot Projects." The archives management AI application pilot project submitted by State Power Investment Corporation (SPIC) stood out from 253 pilot projects and was successfully selected, thanks to its solid digitalization foundation for archives, clear AI integration implementation roadmap, and distinctive application scenarios characteristic of central energy enterprises, becoming an important practical vehicle for digital transformation of archives in central enterprises. In April this year, to safely, steadily, and orderly promote the application of AI in the archives industry, the National Archives Administration issued the "Notice on Carrying Out AI Application Pilot Work," requiring pilot efforts in five aspects: computing power, models, data, scenarios, and security...

2026-08-10

SPIC Signs Strategic Cooperation Agreement with Shandong Provincial Government

On August 7, SPIC and the Shandong Provincial Government signed a strategic cooperation agreement in Jinan. Prior to the signing, Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of SPIC, held working talks with Lin Wu, Secretary of the Shandong Provincial Party Committee and Chairman of the Standing Committee of the Provincial People's Congress. Zhou Naixiang, Deputy Secretary of the Shandong Provincial Party Committee and Governor of the Province, together with Liu Mingsheng, witnessed the signing of the strategic cooperation agreement. Zhang Haibo, Member of the Standing Committee of the Shandong Provincial Party Committee and Executive Vice Governor, Shan Yi, Member of the Standing Committee and Secretary-General of the Provincial Party Committee, and Lu Hongzao and Chen Haibin, Members of the Party Leadership Group and Vice Presidents of SPIC, attended the events. Lin Wu, on behalf of the Shandong Provincial Party Committee and the Provincial Government, expressed gratitude to SPIC for its long-term strong support for Shandong's development and introduced the province's economic...

2026-08-10