Search Results

Terra Innovatum Selected for Global X Uranium ETF Tracking Nuclear Index, Microreactor SOLO™ Gains Passive Fund Exposure

Terra Innovatum Global N.V. (NASDAQ: NKLR), a Netherlands-registered micro modular reactor developer, will be included in the Solactive Global Uranium & Nuclear Components Total Return Index effective from the market open on August 3, 2026 — the benchmark tracked by the Global X Uranium ETF (NYSE Arca: URA, with over $5 billion in assets under management), taking effect with Solactive's periodic rebalancing. Co-founder and CEO Alessandro Petruzzi stated that this enables passive/thematic investors to directly access its SOLO™ microreactor story through the index, alongside Cameco, Kazatomprom, Centrus, Oklo, NuScale, X-energy, Mitsubishi Heavy Industries, and others in the nuclear fuel cycle and reactor development tier.

2026-08-06

Two Advanced Materials Research Projects by 1st American Nuclear Co. Supported by U.S. Department of Energy Nuclear Science User Facilities Program

1st American Nuclear Co. (FANCO) announced on August 3 that two research proposals submitted by its scientists have been selected for support under the Nuclear Science User Facilities (NSUF) program of the U.S. Department of Energy Office of Nuclear Energy. Both selected projects come from the NSUF Fiscal Year 2026 Rapid Turnaround Experiment (RTE) review cycle, with research focused on next-generation reactor materials and fuel-related issues. The NSUF Rapid Turnaround Experiment program is open to nuclear energy researchers and primarily provides irradiation testing, post-irradiation examination capabilities, and related technical support...

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

UK Office for Nuclear Regulation contributes to IAEA regulatory cooperation toolkit for advanced reactors

The International Atomic Energy Agency (IAEA) recently published the Nuclear Harmonization and Standardization Initiative (NHSI) Regulatory Cooperation Toolkit. The UK Office for Nuclear Regulation (ONR) played a significant role in the development of this toolkit, which is designed to support cooperation among national nuclear regulators in the review of advanced reactor technologies. The toolkit is one of the key outputs of Phase 2 of the NHSI (2025–2026), developed jointly by multiple regulators participating in the NHSI Regulatory Track and the Small Modular Reactor (SMR) Regulators' Forum. The toolkit provides practical guidance, templates, and methodologies to help regulators conduct collaborative reviews, leverage existing regulatory assessment outcomes, and address...

2026-08-05

Westinghouse and Amentum Expand Cooperation to Support Scaled Deployment of APX Technology Platform

Westinghouse Electric Company announced on August 4 that it has reached a series of agreements with Amentum to expand cooperation around Westinghouse's APX technology platform, enhance the scaled deployment capability of AP1000 reactors, and advance the development and licensing of the AP300 Small Modular Reactor (SMR). Under the agreements, the two companies will collaborate to advance AP300 SMR regulatory approval from the U.S. Nuclear Regulatory Commission (NRC). Westinghouse stated that obtaining regulatory approval is a critical step for AP300's market entry, and Amentum's engineering capabilities and nuclear project experience will support these efforts. Westinghouse Electric...

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

South Korea Accelerates Safety Reviews of Long-Term Operating Nuclear Reactors and Advances Licensing of First Spent Fuel Dry Storage Facility

The Nuclear Safety and Security Commission (NSSC) of South Korea stated at its second-half work report meeting on August 4 that it will accelerate safety reviews of long-term operating nuclear reactors while simultaneously advancing regulatory efforts such as licensing systems for spent fuel dry storage facilities and small modular reactors. Under the plan, the NSSC will conduct safety inspections on nine reactors applying for continued operation, with review standards referencing newly built nuclear power plants and confirming safety margins in consideration of the characteristics of long-term unit operation. Among these, whether Kori Nuclear Power Plant Units 3 and 4 will be approved for continued operation in the second half of this year, and whether Hanbit Nuclear Power Plant Units 1 and 2 will be approved for continued operation in the first half of next year, are the near-term review priorities...

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

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