Search Results

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

India's cumulative nuclear power generation surpasses 1 trillion units (1000 BU), NPCIL sets historic milestone

Nuclear Power Corporation of India Limited (NPCIL) announced on August 4 that cumulative nuclear power generation since the start of commercial operations has exceeded 100 billion kilowatt-hours (1000 Billion Units, equivalent to 1 trillion kWh) for the first time. The company stated that this milestone marks a significant achievement on India's path toward clean and sustainable energy, corresponding to avoiding approximately 860 million tonnes of CO₂ emissions—equivalent to approximately taking 187 million gasoline and diesel passenger vehicles off the road for a full year, or nearly the total annual greenhouse gas emissions of a single industrialized nation such as Germany or Japan. NPCIL data shows that electricity generated through nuclear power has effectively avoided substantial greenhouse gas emissions. Nuclear energy is recognized as one of the low-carbon and reliable energy sources, playing a critical role in addressing climate change...

2026-08-05

Arkansas Advances New Nuclear Power Plant Project, Hyundai Motor Supports SMR Construction

Entergy, Holtec International, and Hyundai Motor Group signed an agreement on August 4, 2026, to jointly advance a nuclear power generation project in White County, Arkansas. The project will utilize Holtec's technology for the design, manufacturing, and maintenance of Small Modular Reactors (SMRs), while Hyundai Motor will be responsible for providing key equipment and technical support for the plant. This collaboration involves the construction of a new nuclear power plant in Arkansas, which is expected to provide reliable and clean electricity to the local area. Entergy will serve as the operator of the project, responsible for the safe operation and management of the nuclear power plant, and will also work closely with H...

2026-08-05

Global nuclear power generation hits record high in 2025, with net growth mainly driven by China

According to the latest release of the Statistical Review of World Energy, global nuclear power generation reached 2,845 TWh in 2025, an increase of approximately 30 TWh from 2024, up 1.3% year-on-year, setting a new record. Among this, China's nuclear power generation increased by more than 34 TWh, becoming the primary source of net global nuclear growth. This record needs to be viewed within a longer timeframe. The previous peak in global nuclear power generation occurred in 2006, when it reached 2,803 TWh. In other words, although 2025 global nuclear power generation has surpassed the previous peak, the cumulative increase over 19 years is only about 1.5%, which does not indicate rapid expansion on a global scale. Over the past decade, global nuclear power generation has risen from 2015...

2026-08-03