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Netherlands-based nuclear energy development and consultancy company ULC-Energy has undertaken a study that investigated the potential to use civil nuclear technologies to power commercial maritime vessels. The study was commissioned by mining company and shipping charterer BHP, a major producer of commodities including iron ore, copper, nickel, and metallurgical coal. BHP has approximately 80,000 employees and contractors, primarily in Australia and the Americas. 

Date: Wednesday, 28 February 2024
Original article: neimagazine.com/news/newsbhp-to-consider-nuclear-powered-cargo-ships-11551624

South Korea's HD Korea Shipbuilding & Offshore Engineering (KSOE) plans to develop a small modular reactor (SMR) for use in shipping in cooperation with the UK's Core Power and the USA's Southern Company and TerraPower.

Date: Thursday, 08 February 2024
Original article: world-nuclear-news.org/Articles/Korean-shipbuilder-joins-maritime-SMR-project

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

Nuclear will be needed to help decarbonise the shipping industry - whether by having nuclear-powered ships or using nuclear to produce alternative fuels - a conference organised by Core Power has heard. However, speakers noted that regulatory issues must be resolved before this can happen.

Date: Friday, 22 September 2023
Original article: world-nuclear-news.org/Articles/Regulatory-changes-needed-for-new-nuclear-for-mari

US-based BWX Technologies (BWXT) has signed a two-phase, two-year contract with the US Wyoming Energy Authority (WEA) to assess the viability of deploying small-scale nuclear reactors in the state. BWXT said it will execute the contract in close consultation with the State of Wyoming and other Wyoming organisations and companies.

Date: Friday, 15 September 2023
Original article: neimagazine.com/news/newsbwxt-to-evaluate-microreactor-deployment-in-wyoming-11146865

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

SK Inc and SK Innovation - both affiliates of SK Group, Korea's second-largest conglomerate - have invested USD250 million in US nuclear innovation company TerraPower. The investment by SK is part of the latest private capital fundraise, which has raised at least USD750 million of investment in TerraPower.

Date: Wednesday, 17 August 2022
Original article: world-nuclear-news.org/Articles/South-Koreas-SK-Group-invests-in-TerraPower