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US awards USD46 million funding, aiming for fusion pilot plant

US awards USD46 million funding, aiming for fusion pilot plant

The Department of Energy is sharing USD46 million funding from the Milestone-based Fusion Development Program among eight companies, with the aim that "within five to 10 years" they "will resolve scientific and technological challenges to create designs for a fusion pilot plant".

New Nuclear 02 June 2023

Clean energy investments increasing fast: IEA

Clean energy investments increasing fast: IEA

Nearly two-thirds of the USD2.8 trillion set to be invested globally in energy this year is expected to go to clean technologies including nuclear - but the impressive increase in clean energy investments is concentrated in a handful of countries, according to a newly released report from the International Energy Agency.

Energy & Environment 26 May 2023

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Romania's NuScale SMR plan gets USD275 million boost

Romania's NuScale SMR plan gets USD275 million boost

Funding of up to USD275 million to advance the deployment of a NuScale Power Corporation VOYGR small modular reactor plant in Romania was announced at the G7 leaders' summit by the USA and "multinational public-private partners" from Japan, South Korea and the United Arab Emirates.

New Nuclear 22 May 2023

Remediation of Kyrgyz uranium legacy site to start

Remediation of Kyrgyz uranium legacy site to start

Remediation works at Mailuu-Suu - the largest uranium legacy site in Kyrgyzstan - are set to begin following the allocation of a grant of EUR23 million (USD25 million) from the Environmental Remediation Account for Central Asia, managed by the European Bank for Reconstruction and Development.

Uranium & Fuel 19 May 2023

Private sector investment essential for SMR deployment, Indian think-tank says

Private sector investment essential for SMR deployment, Indian think-tank says

Successful deployment of small modular reactor technology must leverage private sector investment, a new report by the Indian government's NITI Aayog public policy think-tank has found.

Nuclear Policies 18 May 2023

Team Holtec signs agreements with Korean financial firms

Team Holtec signs agreements with Korean financial firms

Two South Korean national financial institutions - Korea Trade Insurance Corporation and the Export-Import Bank of Korea - have each entered into agreements with Holtec International and Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

Corporate 03 May 2023

Dutch government allocates funding for nuclear programme

Dutch government allocates funding for nuclear programme

In its draft Climate Fund for 2024, the Dutch government has budgeted funds totalling EUR320 million (USD352 million) for the development of nuclear energy. The funds will be used for the preparation of the operational extension of the existing Borssele nuclear power plant, the construction of two new large reactors, the development of small modular reactors and for nuclear skills development in the Netherlands.

Nuclear Policies 27 April 2023

Second tranche of funding for Atucha investment raised

Second tranche of funding for Atucha investment raised

The fresh fundraising round for the operating extension of Atucha I and construction of a second dry storage facility for used fuel at the nuclear power plant site received offers of USD93 million, 16% more than expected, Nucleoelectrica Argentina said.

Corporate 19 April 2023

Rooppur: Bangladesh paying Russia in yuan to sidestep sanctions

Rooppur: Bangladesh paying Russia in yuan to sidestep sanctions

Bangladesh is to make its payments to Russia for the Rooppur nuclear power plant construction in Chinese yuan as a result of sanctions stopping payments in US dollars.

New Nuclear 18 April 2023

Polish plans for large and small reactors progress

Polish plans for large and small reactors progress

Polskie Elektrownie Jądrowe has submitted an application to Poland's Ministry of Climate for a decision-in-principle on the construction of the country's first large nuclear power plant. Meanwhile, Orlen Synthos Green Energy has announced seven potential sites for the country's first small modular reactors.

New Nuclear 17 April 2023