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Holtec Britain has signed a Memorandum of Understanding (MOU) with South Korea’s Hyundai E&C and UK construction and engineering companies Balfour Beatty, and Mott MacDonald. The event was hosted at the Korean Embassy in London by Ambassador Yoon Yeocheol and attended by UK Prime Minister’s Trade Envoy to Korea, Sir John Whittingdale MP.

Date: Wednesday, 13 March 2024
Original article: neimagazine.com/news/newsholtec-and-hyundai-partner-with-british-companies-to-deliver-smr-technology-in-the-uk-11594510

South Korea's Hyundai Engineering & Construction, the USA's Holtec International and British construction company Balfour Beatty and engineering firm Mott McDonald have agreed to cooperate on Holtec's bid to construct a small modular reactor in the UK.

Date: Thursday, 07 March 2024
Original article: world-nuclear-news.org/Articles/Team-Holtec-partners-with-British-firms-to-advance

Sheffield Forgemasters has completed weld-assembly of a full-size small modular reactor (SMR) nuclear vessel demonstrator using Local Electron-Beam Welding (LEBW). Sheffield Forgemasters Research, Design & Technology Director Jesus Talamantes-Silva said the company had achieved “a significant milestone in assembling a nuclear vessel demonstrator, using electron beam welding for the first time at this scale, with 100% success and no defects”.

Date: Thursday, 22 February 2024
Original article: neimagazine.com/news/newssheffield-forgemasters-completes-smr-nuclear-vessel-demonstrator-11533660

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.

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

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