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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.
- Source: NEI Magazine
- Date: Friday, 26 May 2023
- Original article: neimagazine.com/news/newsjapanese-investment-supports-uk-floating-npp-design-10884649
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.
- Source: World Nuclear News
- Date: Thursday, 25 May 2023
- Original article: world-nuclear-news.org/Articles/Japanese-firms-invest-in-Core-s-floating-nuclear-p
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.
- Source: NEI Magazine
- 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.
- Source: World Nuclear News
- 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.
- Source: NEI Magazine
- Date: Saturday, 29 April 2023
- Original article: neimagazine.com/news/newssouth-korea-and-usa-boost-in-high-tech-and-energy-cooperation-including-nuclear-10798261
International partnerships critical, says TerraPower president
- Source: Nucnet
- Date: Friday, 28 April 2023
- Original article: nucnet.org/news/three-agreements-signed-towards-global-reactor-deployment-4-4-2023
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.
- Source: World Nuclear News
- Date: Thursday, 27 April 2023
- Original article: world-nuclear-news.org/Articles/Expansion-of-US-Korean-cooperation-on-SMRs
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.
- Source: NEI Magazine
- Date: Saturday, 15 April 2023
- Original article: neimagazine.com/news/newspacificorp-considers-adding-two-more-natrium-units-to-its-generation-mix-by-2033-10759748
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.
- Source: NEI Magazine
- Date: Wednesday, 22 March 2023
- Original article: neimagazine.com/news/newssmr-development-tracked-by-nea-and-iaea-studies-10691068
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.
- Source: World Nuclear News
- Date: Wednesday, 08 March 2023
- Original article: world-nuclear-news.org/Articles/New-regional-centre-to-support-Xe-100-fleet-rollou