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US-based TerraPower has signed a memorandum of understanding (MOU) with the UAE’s Emirates Nuclear Energy Corporation (ENEC) on the sidelines of COP28 to explore opportunities for the commercialisation and global deployment of Terrapower’s Natrium technology. “Bringing advanced nuclear technologies to market is critical to meeting global decarbonisation targets,” said TerraPower President & CEO Chris Levesque. “TerraPower and ENEC are leading the way in deploying nuclear plants, and this agreement allows us to share our expertise and design experience, and explore the opportunity for deployment of Natrium reactors around the world including additional locations in the United States.”
- Source: NEI Magazine
- Date: Thursday, 07 December 2023
- Original article: neimagazine.com/news/newsterrapower-signs-mous-with-enec-and-uranium-energy-corp-11351984
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.
- Source: NEI Magazine
- Date: Wednesday, 06 December 2023
- Original article: neimagazine.com/news/newsgrowing-uncertainty-in-us-regarding-economics-of-new-nuclear-11347683
The US Department of Energy (DOE) has selected 13 projects to receive USD60 million of cost-shared R&D funding for advanced nuclear technologies, including the first awards under the US Industry Opportunities for Advanced Nuclear Technology Development initiative. Recipients include NuScale Power's small modular reactor, which has become the first SMR to complete the first phase of the US Nuclear Regulatory Commission (NRC) design certification process.
- Source: World Nuclear News
- Date: Tuesday, 01 May 2018
- Original article: world-nuclear-news.org/Articles/US-federal-support-for-advanced-nuclear-technology