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South Korea's HD Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop a small modular reactor (SMR) for use in shipping in cooperation with the UK's Core Power and the USA's Southern Company and TerraPower.

Date: Thursday, 08 February 2024
Original article: world-nuclear-news.org/Articles/Korean-shipbuilder-joins-maritime-SMR-project

Global nuclear power generation is forecast to grow by almost 3% annually on average through to 2026, reaching a new record high by 2025, according to the International Energy Agency (IEA). More than half of new reactors expected to become operational during the outlook period are in China and India.

Date: Thursday, 25 January 2024
Original article: world-nuclear-news.org/Articles/Nuclear-output-to-reach-new-record-by-2025,-says-I

A recent statement from Fitch Ratings casts doubt on any new nuclear construction in the US in the immediate future. Similar concerns were voiced during discussions at a full committee hearing of the Senate Committee on Energy & Natural Resources to Examine Opportunities and Challenges Associated with Advanced Nuclear Reactor Commercialisation.

Date: Wednesday, 06 December 2023
Original article: neimagazine.com/news/newsgrowing-uncertainty-in-us-regarding-economics-of-new-nuclear-11347683

Norway’s Norsk Kjernekraft has signed a letter of intent with Denmark's Seaborg Technologies to investigate the possible deployment of Seaborg's compact molten salt reactor (CMSR) in Norway.

Date: Friday, 21 July 2023
Original article: neimagazine.com/news/newsnorway-to-investigate-deployment-of-seaborg-smr-11019876

South Korea will increase the share of nuclear in total energy sources to 34.6% by 2036 from 23.4% in 2018, the Minister of Trade, Industry & Energy, Lee Chang-yang has said, announcing the final version of South Korea’s 10th basic plan for long-term electricity supply and demand to the National Assembly. Renewable sources will be responsible for 30.6%, up from 6.2% in 2018. South Korea will cut its reliance on coal-fired power generation to 14.4% from 41.9% as part of its plans to reduce its greenhouse gas emissions by 40% from the 2018 levels by 2030 and reach carbon neutrality by 2050.

Date: Wednesday, 18 January 2023
Original article: neimagazine.com/news/newssouth-korea-to-increase-nuclear-share-to-more-than-34-by-2036-10523129

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.

New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.

On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.

Date: Tuesday, 10 January 2023
Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023

South Korea will expand its generation of nuclear power to more than 30% of total energy by 2030, up from 27.4% in 2021, in order to boost energy security and better meet carbon neutrality goals, the Ministry of Trade, Industry and Energy has said. President Yoon Suk-yeol’s government has pledged to reverse the nuclear phase-out policy of the previous administration, rebuild the nuclear industry and support nuclear exports.

Date: Friday, 08 July 2022
Original article: neimagazine.com/news/newssouth-korea-plans-30-nuclear-share-by-2030-9832470