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Samsung C&T and NuScale’s lead engineering, construction and procurement partner, Fluor Corporation, are also developing a business collaboration agreement to expand capabilities for future deployment of NuScale projects.
Under its agreements with NuScale and Fluor, Samsung C&T will draw upon its nuclear construction experience with the Barakah nuclear station in the United Arab Emirates and the Uljin station in South Korea, where it worked on Units 5 and 6, to serve as a partner to Fluor and other potential project participants.
John Hopkins, NuScale Power chairman and chief executive officer, said Samsung C&T’s expertise and investment in NuScale will be invaluable “as we seek to bring this revolutionary clean energy technology to market”.
- Source: Nucnet
- Date: Friday, 23 July 2021
- Original article: nucnet.org/news/nuscale-secures-investment-and-support-for-smr-project-from-south-korea-s-samsung-c-and-t-7-4-2021
The deployment of microreactors in the short-to-medium term could support energy markets not available to large nuclear plants, but some significant challenges must be overcome for them to capture new market shares. In the longer term, they will be able to contribute to decarbonisation efforts. These are amongst the findings of a recently published technical report from the US Department of Energy's (DOE's) Idaho National Laboratory.
- Source: World Nuclear News
- Date: Friday, 23 July 2021
- Original article: world-nuclear-news.org/Articles/US-study-sees-future-markets-for-microreactors
US-based Oklo on 14 July announced a 20-year commercial partnership with Compass Mining, the world's first online marketplace for Bitcoin mining hardware and hosting. With increasing power consumption from bitcoin mining, the partnership between Oklo and Compass aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources used by miners. Oklo’s advanced fission powerhouses will provide baseload power for Compass’s Bitcoin mining machines, starting in the early 2020s. Oklo is committed to supplying at least 150 MWe to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.
- Source: NEI Magazine
- Date: Wednesday, 21 July 2021
- Original article: neimagazine.com/news/newstwo-us-companies-seek-to-use-nuclear-for-bitcoin-mining-8912205
The investment follows a $44m investment in NuScale Power in 2019, for a total investment of $104m.
The two companies have also agreed to expand cooperation to hydrogen production and desalination using SMRs.
The first project in which Doosan and NuScale Power will cooperate is expected to be the development and construction of NuScale SMRs at the Department of Energy’s 2,300 sq km site in eastern Idaho that includes the Idaho National Laboratory.
- Source: Nucnet
- Date: Wednesday, 21 July 2021
- Original article: nucnet.org/news/south-korea-s-doosan-announces-additional-usd60m-investment-in-nuscale-power-7-2-2021
South Korea's Doosan Heavy Industries & Construction (DHIC) has agreed to make an additional USD60 million investment in NuScale Power to continue to support deployment of its small modular reactor (SMR). Including the latest investment, DHIC and its financial investors have invested more than USD100 million in NuScale. DHIC and NuScale have also agreed to expand cooperation to the field of hydrogen production and desalination using SMRs.
- Source: World Nuclear News
- Date: Wednesday, 21 July 2021
- Original article: world-nuclear-news.org/Articles/Doosan-makes-additional-investment-in-NuScale
The US National Aeronautics and Space Administration (NASA) said on 13 July it was leading an effort, working with the Department of Energy (DOE), to advance space nuclear technologies. The government team has selected three reactor design concept proposals for a nuclear thermal propulsion system. The reactor is a critical component of a nuclear thermal engine, which would utilise high-assay low-enriched uranium (HALEU) fuel.
- Source: NEI Magazine
- Date: Friday, 16 July 2021
- Original article: neimagazine.com/news/newsnasa-announces-funding-for-nuclear-thermal-propulsion-reactor-8898302
Each contract is worth approximately $5m and will last one year.
One contract will go to BWX Technologies, working with Lockheed Martin. A second contract will go to General Atomics Electromagnetic Systems, working with X-energy and Aerojet Rocketdyne. The third will go to Ultra Safe Nuclear Technologies, working with its parent company, Ultra Safe Nuclear Corporation, as well as Blue Origin, General Electric Hitachi Nuclear Energy, General Electric Research, Framatome and Materion.
All three studies are focused on developing a design for a reactor that would be part of a future NTP system. That reactor would heat up a propellant such as liquid hydrogen, generating thrust at far higher efficiencies than conventional propulsion systems and enabling shorter transit times for missions to Mars.
- Source: Nucnet
- Date: Friday, 16 July 2021
- Original article: nucnet.org/news/nasa-announces-funding-for-three-thermal-propulsion-reactors-7-4-2021
Oklo Inc has announced a 20-year commercial partnership with Compass Mining, the world's first online marketplace for bitcoin mining hardware and hosting. Oklo’s "advanced fission powerhouses" will provide clean, reliable and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s.
- Source: World Nuclear News
- Date: Friday, 16 July 2021
- Original article: world-nuclear-news.org/Articles/Oklo-to-power-Bitcoin-mining-machines
Three reactor design concept proposals for a nuclear thermal propulsion system for deep space missions have been selected by the US National Aeronautics and Space Administration (NASA) and the Department of Energy (DOE). The reactor will be a critical component of a nuclear thermal engine, which would utilise high-assay low-enriched uranium fuel.
- Source: World Nuclear News
- Date: Thursday, 15 July 2021
- Original article: world-nuclear-news.org/Articles/NASA-selects-reactor-concepts-for-deep-space-explo
The University of Illinois at Urbana-Champaign (UIUC) on 28 June submitted a Letter of Intent to the US Nuclear Regulatory Commission (NRC) to apply for a licence to construct a research and test reactor facility at its campus. The submission of the Letter of Intent is the first step in NRC’s two-step process to licence a new reactor, including a process of public hearings on the proposed project for full transparency.
- Source: NEI Magazine
- Date: Friday, 02 July 2021
- Original article: neimagazine.com/news/newsuniversity-of-illinois-seeks-licence-to-construct-usnc-micro-reactor-8862600