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TerraPower of the USA and the Japan Atomic Energy Agency (JAEA), Mitsubishi Heavy Industries (MHI) and Mitsubishi FBR Systems (MFBR) have agreed to expand their existing memorandum of understanding, signed in January 2022, on the development of sodium-cooled fast reactors.

Date: Thursday, 02 November 2023
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TerraPower and Centrus Energy Corp have signed a memorandum of understanding (MoU) to significantly expand their collaboration aimed at establishing commercial-scale, US production capabilities for high-assay, low-enriched uranium (HALEU) to supply TerraPower's first-of-a-kind Natrium reactor and energy storage system.

Date: Wednesday, 19 July 2023
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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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X-Energy Reactor Company is to build a digital twin-based support centre as the first step in its Commercial Operations Services business to support the initial deployment of its advanced modular reactors. Meanwhile, Energy Northwest is hopeful that X-energy's recent announcement that the first Xe-100 reactor will be installed at a Dow site on the US Gulf Coast will help further plans for its own project in Washington state.

Date: Wednesday, 08 March 2023
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US-based Nano Nuclear Energy has been selected as a founding member of the US Department of Energy’s HALEU (high-assay low-enriched uranium) Consortium. This came after Nano Nuclear earlier in February established a new subsidiary - HALEU Energy Fuel. The HALEU Consortium was established in 2022 to support the availability of HALEU for civilian domestic research, development, demonstration, and commercial use. Nano says HALEU Energy Fuel “will play a crucial role in the collaboration with the DOE on the future of North America’s HALEU fuel pipeline, reinforcing the United States energy sovereignty”.

Date: Saturday, 25 February 2023
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Construction will slip and zero carbon goal become harder TerraPower said its Natrium reactor could be delayed at least two years because of a lack of advanced fuel sources outside Russia. Courtesyy TerraPower. If the US does not work out how to prepare uranium fuel for advanced reactors, the startup of first-of-a-kind plants on which spent billions of dollars have been spent will be delayed, the Breakthrough Institute research centre said.

Construction of subsequent plants will slip into the future, and the goal of a zero-carbon energy system by mid-century, already hard, will become harder.

Breakthrough said fuel was needed for reactors designed to work well with wind and solar on the grid, to replace coal plants, and to do other kinds of work besides making electricity – all in the quest for a zero-carbon economy.

“Construction of subsequent plants will slip into the future, and the goal of a zero-carbon energy system by mid-century, already hard, will become harder,” Breakthrough said.

Some advanced reactors need high assay low-enriched uranium, or Haleu, fuel. Without it “we are likely to have the first few advanced reactors waiting to start up, with no fuel for them in sight,” Breakthrough said.

Date: Friday, 20 January 2023
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The Microsoft co-founder and chair of TerraPower voiced his support for nuclear during a visit to a closed-down coal-fired power plant in the state, but said any decisions on future Natrium plants will depend on the performance of a demonstration plant in Wyoming.

Date: Thursday, 12 January 2023
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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
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South Korea’s Samsung Heavy Industries (SHI) has said it has received Approval In Principle from the American Bureau of Shipping (ABS) for a conceptual design of a Compact Molten Salt Reactor (CMSR) Power Barge - floating offshore NPP – using technology being developed by Denmark’s Seaborg. SHI signed a business agreement with Seaborg in January 2022 to develop a floating NPP and plans to commercialise it by 2028 after completing detailed design of all power generation facilities.

Date: Friday, 06 January 2023
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