Category: Term

DELRAY BEACH, Fla., Nov. 12, 2024 – The anticipated growth of the Small Modular Reactor (SMR) market is creating a buzz in the energy sector, with projections estimating an increase from approximately $6 billion in 2024 to $7.14 billion by 2030. This represents a compound annual growth rate (CAGR) of 3.0%, driven by rising demands for clean and reliable energy sources and a desire for increased adaptability in power generation. What makes SMRs particularly appealing […]

Introduction The Biden administration is gearing up to significantly enhance the nation’s nuclear power capabilities, aiming to triple the nuclear energy output by 2050. With a surge in demand for clean energy sources, this bold plan outlines the deployment of an additional 200 gigawatts of nuclear capacity. The Roadmap Revealed recently, the ambitious strategy intends to see 35 gigawatts come online by 2035. The initiative emphasizes the construction of new reactors, the renewal of existing […]

Westinghouse Electric Company recently hosted an enlightening event aimed at fostering relationships with potential suppliers. On November 8, 2024, Saskatchewan played host to a Supplier Symposium, where over 116 organizations gathered to explore collaboration opportunities in support of Westinghouse’s innovative nuclear projects both in Canada and internationally. Key industry contributors including Cameco Corporation and SaskPower delivered insights into the future of nuclear energy, revealing the advancements of the AP1000® reactor, the AP300™ small modular reactor, […]

Tokyo, November 12, 2024 – A significant step has been taken in the ongoing effort to remediate the Fukushima No. 1 nuclear power plant. Recently, the Tokyo Electric Power Company Holdings Inc. announced the successful transfer of nuclear fuel debris, a critical remnant from the reactor’s past, to a research facility located in Ibaraki Prefecture. The debris, measuring approximately 5 millimeters and weighing 0.7 grams, is now under scrutiny at the Japan Atomic Energy Agency’s […]

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China’s Growing Nuclear Ambitions at Sea Recent investigations have uncovered China’s significant advancements in naval technology, particularly focusing on a land-based prototype nuclear reactor designed for large surface vessels. This development indicates that China is making strides toward its first nuclear-powered aircraft carrier, an aspiration long speculated upon by military analysts. Research conducted by experts from the Middlebury Institute of International Studies has shown that satellite imagery and government documents reveal concrete efforts by China […]

China’s Emerging Nuclear-Powered Naval Ambitions Recent developments indicate that China is forging ahead with plans to revolutionize its naval capabilities, laying the groundwork for a potential nuclear-powered aircraft carrier. A new prototype nuclear reactor has been constructed in Sichuan’s mountainous terrain, signaling a significant commitment to advanced maritime technology. This initiative elevates China’s ambitions to establish itself as a formidable player in global naval power. The People’s Liberation Army Navy (PLAN) has rapidly evolved into […]

China’s naval strength is about to take a significant turn. Emerging analyses reveal that the nation is advancing toward the development of its first nuclear-powered aircraft carrier, a move that reflects its ambitious global naval aspirations. Recent satellite imagery and official documents have revealed the construction of a prototype nuclear reactor at a secretive location near Leshan, south-west China. This land-based reactor serves a strategic purpose. Initially thought to be intended for weapons production, experts […]

The energy landscape is shifting, and a bold move by NextEra Energy has sparked debate. In a recent development, the company expressed interest in bringing back the Duane Arnold Energy Center located in Palo, Iowa. This plant has been in the decommissioning phase for four years, raising eyebrows over the feasibility and safety of such an endeavor. The Nuclear Regulatory Commission (NRC) has no existing framework for restarting a reactor that has been closed for […]

In a coastal province renowned for its rich maritime industries, a remarkable structure stands tall—an imposing grey dome that signifies China’s determination to lead in nuclear energy exports. This robust building serves as the home for the Hualong One, the nation’s inaugural domestically-designed third-generation nuclear reactor, which commenced operations in March 2022. Located at the Fuqing Nuclear Power Plant, this reactor, along with its twin, is part of an ambitious demonstration project. With the addition […]