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UK-based start-up Core Power has attracted Japanese investment for its floating NPP (FNPP) project. Some 13 companies, including Onomichi Dockyard and Imabari Shipbuilding, have invested about $80m in project, according to Nikkei Asia. Although Core released no statement on the development, it reproduced the Nikkei article on its website.

Date: Friday, 26 May 2023
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More than a dozen Japanese companies have invested a combined total of about USD80 million in the UK-based Core Power, which is helping develop a floating molten salt reactor (MSR) nuclear power plant and other maritime applications, according to Nikkei Asia.

Date: Thursday, 25 May 2023
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South Korean national financial institutions K-Sure (Korea Trade Insurance Corporation) and Kexim (Export-Import Bank of Korea) have both signed agreements with US-based Holtec International and Korea’s Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

Date: Wednesday, 10 May 2023
Original article:

Two South Korean national financial institutions - Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM) - have each entered into agreements with Holtec International and Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

Date: Thursday, 04 May 2023
Original article:

South Korea and the USA have signed 23 business agreements to boost bilateral cooperation on advanced industries and energy during a business partnership event in Washington. Some 45 senior corporate officials from both countries attended the event on the sidelines of Korean President Yoon Suk Yeol’s state visit to Washington. The state visit, marking the 70th anniversary of the US-South Korean alliance, included two events hosted by the Federation of Korean Industries – the Korea-US Business Roundtable and the Korea-US Business Forum held at the US Chamber of Commerce in Washington.

Date: Saturday, 29 April 2023
Original article:

Agreements to cooperate on small modular reactors (SMRs) have been signed between South Korean and US companies during a visit by Korean President Yoon Suk-yeol to the USA. Doosan Enerbility and the Export-Import Bank of Korea (KEXIM) signed a memorandum of understanding (MoU) to cooperate with NuScale Power, while SK and Korea Hydro & Nuclear Power (KHNP) have agreed to collaborate with TerraPower.

Date: Thursday, 27 April 2023
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US PacifiCorp, owner of the ageing Wyoming coal plant selected in 2021 as the future site for TerraPower’s Natrium reactor demonstration project, has released its 2023 Integrated Resource Plan (IRP). This considers the possible addition of two more Natrium units to the company’s generation resource mix by 2033, under certain circumstances. These could be sited in Utah near currently operating coal-fired facilities.

Date: Saturday, 15 April 2023
Original article:

Technology being developed by company founded by Bill Gates The first Natrium plant is being planned for the Naughton coal-fuelled site in Wyoming. Courtesy PacifiCorp. US power company PacifiCorp is planning two additional Natrium nuclear reactor and energy storage systems as part of its generation resource mix by 2033.

The company’s 2023 integrated resource plan outlines plans for 1,500 MW of advanced nuclear energy from three Natrium reactors. The first is being planned for PacifiCorp’s Naughton coal-fuelled power site which is scheduled for retirement in Kemmerer, Wyoming.

TerraPower, founded by Bill Gates, said it is working with PacifiCorp to explore the possibility of deploying additional Natrium units by 2035.

The two additional Natrium plants proposed in the resource plan are planned for Utah, but both companies will engage with local communities before any final sites are selected, TerraPower said. 

Date: Friday, 07 April 2023
Original article:

US utility PacifiCorp has increased its ambition for using Natrium advanced reactors in the 2030s, adding two further units to its plans in addition to the demonstration unit already slated for a retiring coal power plant in Kemmerer, Wyoming.

Date: Thursday, 06 April 2023
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