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The International Energy Agency (IEA) in its latest report, Electricity 2024, dedicates a significant amount of space to nuclear power – a departure from its previous studies which treated it as peripheral. In its press release on the new report, IEA says the increase in electricity generation from renewables and nuclear "appears to be pushing the power sector's emissions into structural decline". Over the next three years, low-emissions generation is set to rise at twice the annual growth rate between 2018 and 2023. Global emissions from electricity generation are expected to decrease by 2.4% in 2024, followed by smaller declines in 2025 and 2026.

Source: NEI Magazine
Date: Friday, 26 January 2024
Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539

Hyundai Engineering CEO Hong Hyun-seong and the Korea Atomic Energy Research Institute (KAERI) President Joo Han-gyu have signed a memorandum of understanding (MOU) to jointly promote the commercialisation and export of KAERI’s SMART small modular reactor (SMR). Hyundai Engineering will be responsible for business development, financing and EPC (engineering, procurement & construction) for verification and commercialisation of SMART and KAERI will continue to support reactor design and licensing.

Source: NEI Magazine
Date: Thursday, 14 December 2023
Original article: neimagazine.com/news/newskaeri-and-hyundai-engineering-to-promote-export-of-smart-smr-11369646

Hyundai Engineering and the Korea Atomic Energy Research Institute (KAERI) have signed a memorandum of understanding to collaborate on the commercialisation and export of the Korean-designed SMART small modular reactor (SMR) overseas.

Source: World Nuclear News
Date: Tuesday, 12 December 2023
Original article: world-nuclear-news.org/Articles/Hyundai,-KAERI-team-up-for-export-of-SMART-SMR

Argentina’s National Atomic Energy Commission (CNEA - Comisión Nacional de Energía Atómica) and Nucleoeléctrica Argentina SA (NA-SA) have signed a framework agreement for technical assistance to develop the CAREM small modular reactor (SMR) under construction in Argentina.

Source: NEI Magazine
Date: Thursday, 02 November 2023
Original article: neimagazine.com/news/newsnew-agreement-seeks-to-support-argentinas-carem-smr-11261042

ARC Clean Technology Supply Chain Manager, Anthony Jackman says the procurement process for long-lead items for the ARC-100 commercial demonstration unit at Canada’s Point Lepreau Nuclear Generating Station, such as the reactor vessel and intermediate heat exchangers, will begin in 2024. Contract awards are expected in the latter part of 2025 and the procurement schedule for other items will follow, he told “New Brunswick SMRs: A Collaborative Journey Towards Net Zero”. The meeting was a supply chain event for New Brunswick small modular reactor (SMR) industry leaders, government officials and experts hosted by Opportunities New Brunswick.

Source: NEI Magazine
Date: Wednesday, 11 October 2023
Original article: neimagazine.com/news/newsprocurement-of-long-lead-components-to-begin-for-arc-100-smr-11206721

The US reaffirmed its support for Indian membership of the Nuclear Suppliers Group (NSG) during the state visit to Washington of Prime Minister Narendra Modi. A long joint statement comprising 58 paragraphs, by Modi and US President Joe Biden covered a wide range of subjects, with nuclear only mentioned in one (para 22). It said: “Prime Minister Modi underscored the important role nuclear energy plays in global decarbonisation efforts and affirmed nuclear energy as a necessary resource to meet our nations’ climate, energy transition, and energy security needs.”

Source: NEI Magazine
Date: Wednesday, 28 June 2023
Original article: neimagazine.com/news/newsus-reaffirms-support-for-indian-membership-of-nuclear-suppliers-group-10967702

Nuclear energy is a necessary resource for meeting climate, energy transition and energy security needs, the leaders of India and the USA said. They also noted "ongoing negotiations" for the construction of six AP1000 reactors in India, as well as discussions on small modular reactor development.

Source: World Nuclear News
Date: Saturday, 24 June 2023
Original article: world-nuclear-news.org/Articles/Biden,-Modi-affirm-commitment-to-nuclear-as-Kovvad

ARC Clean Technology Canada (ARC) has signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) for co-operation in the commercialisation in Alberta of ARC’s advanced Small Modular Reactor (aSMR) technology. The province of Alberta, along with New Brunswick, Ontario and Saskatchewan, has agreed to a joint strategic plan to support SMR development.

Source: NEI Magazine
Date: Wednesday, 29 March 2023
Original article: neimagazine.com/news/newsarc-clean-technology-signs-agreement-on-deployment-of-smrs-in-alberta-10708319

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.

Source: Nucnet
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

In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero

Source: World Nuclear News
Date: Wednesday, 09 November 2022
Original article: world-nuclear-news.org/Articles/In-Quotes-Cameco-s-Tim-Gitzel-WNN-podcast-on-nucle

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