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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

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: neimagazine.com/news/newsholtec-and-hyundai-win-korean-financial-support-for-smr-160-10831816

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: world-nuclear-news.org/Articles/Team-Holtec-signs-agreements-with-Korean-financial

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: neimagazine.com/news/newssouth-korea-and-usa-boost-in-high-tech-and-energy-cooperation-including-nuclear-10798261

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
Original article: world-nuclear-news.org/Articles/Expansion-of-US-Korean-cooperation-on-SMRs

The Nuclear Energy Agency (NEA) has recently published a 73-page study, 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: Wednesday, 22 March 2023
Original article: neimagazine.com/news/newssmr-development-tracked-by-nea-and-iaea-studies-10691068

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