These shifts have been great for existing nuclear plants. We’re seeing efforts to boost their power output, extend the lifetime of old reactors, and even reopen facilities that have shut down. That’s good news for climate action, because nuclear power plants produce consistent electricity with very low greenhouse-gas emissions.
The $800 million grant is part of the U.S. Department of Energy's Generation III+ Small Modular Reactor Program and will go to one or two teams of utilities and construction partners. TVA does not receive taxpayer dollars to fund its operations, but can access certain grants.
One of the factors driving the rising appetite for nuclear power is the stunning growth of AI, which relies on data centers requiring a huge amount of energy. Last year brought new interest from tech giants looking to nuclear as a potential solution to the AI power crunch.
John Kirby, White House national security communications adviser, said of Hegseth's remarks on North Korea's status as a nuclear power: "We've not made such a recognition. I can't speak to what the incoming team will—how they'll characterize it. We've not gone so far as to make that recognition."
South Korea's nuclear power plant operator Korea Hydro & Nuclear Power and state utility Korea Electric Power Corp (KEPCO) have reached an agreement with United States' Westinghouse to end their intellectual property dispute,
Trump defense secretary nominee Pete Hesgeth ruffled feathers in S. Korea with his written statement to the Senate panel overseeing his confirmation
Nuclear energy is making a global comeback in view of an increasing demand for electricity, according to a study by the International Energy Agency (IEA) released on Thursday. Interest in nuclear energy is greater than it has been since the oil crisis of the 1970s,
Energy storage company Energy Vault and nuclear power start-up NuCube Energy disclosed a partnership on Wednesday.
Two people involved with the construction of a new nuclear power plant in Russia have been arrested after being accused of taking funds from the project.
NuScale's innovative SMR technology and significant contracts, including with Fluor and Alphabet, have driven stock price increases in 2024. Learn more on SMR stock here.
Advanced nuclear technology firm Oklo is partnering with Texas-based prime and backup solutions company RPower to roll out an innovative “phased energy
Vietnam aims to complete construction of the Ninh Thuan nuclear power plant by 2030 as it ramps up its nuclear energy goals and seeks to diversify sources for power supply.