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Reporting its fourth quarter and full year results for 2023, US-based NuScale Power said progress continued toward “commercialisation of small modular reactor (SMR) technology to meet consumer demand for safe, reliable, 24/7 and carbon-free baseload energy”.

Date: Wednesday, 20 March 2024
Original article: neimagazine.com/news/newsnuscales-2023-financial-results-11612567

The Nuclear Energy Agency (NEA) has published the second edition of its Small Modular Reactor Dashboard which tracks the progress of selected small modular reactor (SMR) designs towards deployment. NEA says the SMR designs are at various stages of development, from fundamental research on new concepts to commercial deployment and operation of mature designs.

Date: Saturday, 02 March 2024
Original article: neimagazine.com/news/newsnea-launches-second-edition-of-its-small-modular-reactor-dashboard-11561305

US-based NuScale is laying off 28% of its workforce in a decision taken at a virtual all-hands meeting. A NuScale statment confirmed the details of the layoffs. NuScale’s stock price subsequently fell by more than 8% as investors sold off shares.

Date: Wednesday, 10 January 2024
Original article: neimagazine.com/news/newsnuscale-lays-off-almost-half-its-workforce-11422870

The company responsible for implementing the UAE's civil nuclear power programme has signed separate agreements with several small modular reactor (SMR) developers on the sidelines of the COP28 climate conference in Dubai.

Date: Tuesday, 12 December 2023
Original article: world-nuclear-news.org/Articles/ENEC-signs-multiple-SMR-MoUs

US-based TerraPower has signed a memorandum of understanding (MOU) with the UAE’s Emirates Nuclear Energy Corporation (ENEC) on the sidelines of COP28 to explore opportunities for the commercialisation and global deployment of Terrapower’s Natrium technology. “Bringing advanced nuclear technologies to market is critical to meeting global decarbonisation targets,” said TerraPower President & CEO Chris Levesque. “TerraPower and ENEC are leading the way in deploying nuclear plants, and this agreement allows us to share our expertise and design experience, and explore the opportunity for deployment of Natrium reactors around the world including additional locations in the United States.”

Date: Thursday, 07 December 2023
Original article: neimagazine.com/news/newsterrapower-signs-mous-with-enec-and-uranium-energy-corp-11351984

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

US-based NuScale Power Corporation has opened the first privately-funded NuScale Energy Exploration Centre (E2 Centre) in Asia at Seoul National University (SNU) in partnership with GS Energy Corporation, Doosan Enerbility, and Samsung C&T Corporation. It will be used as a development tool for South Korea to develop the next generation of advanced nuclear experts, technologists, and operators. NuScale said this will position South Korea to become a regional leader of small modular reactor (SMR) deployment in Asia.

Date: Saturday, 18 November 2023
Original article: neimagazine.com/news/newsseoul-national-university-opens-nuscale-power-energy-exploration-centre-11306219

Utah Associated Municipal Power Systems (UAMPS) and Oregon-based NuScale Power have mutually agreed to terminate the Carbon Free Power Project (CFPP). The project envisaged construction of six small modular reactors (SMRs) at the US Department of Energy's (DOE’s) Idaho National Laboratory (INL). “Despite significant efforts by both parties to advance the CFPP, it appears unlikely that the project will have enough subscription to continue toward deployment.” A joint statement said. “Therefore, UAMPS and NuScale have mutually determined that ending the project is the most prudent decision for both parties.”

Date: Wednesday, 15 November 2023
Original article: neimagazine.com/news/newsuamps-and-nuscale-cancel-plans-to-build-smrs-at-inl-11297083

Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporation have mutually agreed to terminate the Carbon Free Power Project (CFPP). The project to build NuScale small modular reactor units at a site near Idaho Falls had been pencilled in for operation by 2029.

Date: Friday, 10 November 2023
Original article: world-nuclear-news.org/Articles/Idaho-SMR-project-terminated

US fuel technology company Lightbridge Corporation has engaged Romania’s Institutul de Cercetari Nucleare Pite?ti (ICN Pite?ti), a subsidiary of Regia Autonoma Tehnologii pentru Energia Nucleara (RATEN ICN) to undertake an engineering study to assess the suitability of Lightbridge Fuel for use in Candu reactors. This assessment will cover key areas including mechanical design, neutronics analysis, and thermal and thermal-hydraulic evaluations. The results will guide future economic evaluations and support potential regulatory licensing.

Date: Saturday, 21 October 2023
Original article: neimagazine.com/news/newsromanian-institute-to-assess-lightbridge-fuel-for-candu-reactors-11234387