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International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi and other IAEA officials have signed several agreements at the China Atomic Energy Authority (CAEA), during Grossi’s first official visit to China. Grossi met with several high-level officials and visited nuclear facilities and institutions in Beijing, Shanghai and Shandong.

Date: Friday, 26 May 2023
Original article: neimagazine.com/news/newsagreements-signed-during-first-official-visit-to-china-by-iaeas-grossi-10884614

Japan’s Kyoto Fusioneering (KF) has raised JPY10.5bn ($79m) in an oversubscribed Series C funding round led by existing investor, JIC Venture Growth Investments. The round attracted a total of 17 investors, including 11 new supporters. KF said this latest capital infusion brings total funds raised to JPY12.2bn.

Date: Wednesday, 24 May 2023
Original article: neimagazine.com/news/newskyoto-fusioneering-secures-more-funding-10876961

US fusion energy tech startup Helion Energy has signed an agreement to provide Microsoft with electricity from its first fusion power plant. Constellation will serve as the power marketer and will manage transmission for the project. Helion said the plant is expected to be online by 2028 and will target power generation of 50 MW or more after a one-year ramp up period. The companies did not disclose financial or timing details of the power purchase agreement, or which Microsoft facilities would get fusion-generated electricity.

Date: Wednesday, 17 May 2023
Original article: neimagazine.com/news/newshelion-announces-first-fusion-energy-purchase-agreement-with-microsoft-10852833

Plan is to generate first ultra-hot plasma at €20bn facility in 2025 The €20bn project will replicate the reactions that power the sun and is intended to demonstrate fusion power can be generated on a commercial scale. Photo courtesy Iter. The world’s largest nuclear fusion project began its five-year assembly phase on Tuesday in southern France, with the first ultra-hot plasma expected to be generated in late 2025.

The €20bn Iter (International Thermonuclear Experimental Reactor) project will replicate the reactions that power the sun and is intended to demonstrate fusion power can be generated on a commercial scale.

The steel and concrete superstructures nestled in the hills of southern France will house a 23,000-tonne machine, known as a tokamak, capable of creating what is essentially an earthbound star.

Millions of components will be used to assemble the giant reactor, which will weigh 23,000 tonnes and the project is the most complex engineering endeavour in history. Almost 3,000 tonnes of superconducting magnets, some heavier than a jumbo jet, will be connected by 200km of superconducting cables, all kept at -269C by the world’s largest cryogenic plant.

Date: Wednesday, 29 July 2020
Original article: nucnet.org/news/world-s-largest-nuclear-fusion-project-under-assembly-in-france-7-2-2020

Nuclear power is "irreplaceable" and international cooperation in the technology "indispensible" in reducing global CO2 emissions, China National Nuclear Corporation (CNNC) President Jun Gu told delegates at the International Atomic Energy Agency's International Conference on Climate Change and the Role of Nuclear Power yesterday in Vienna. Climate change may in fact be an "opportunity to create a new era for nuclear energy", he said, and CNNC is "willing to work with all countries" to bring about a clean energy transition and mitigate climate change.

Date: Thursday, 10 October 2019
Original article: world-nuclear-news.org/Articles/China-confident-of-new-era-for-nuclear-says-CNNC

Construction at the HInkley Point C nuclear power station in the UK. Photo courtesy EDF Energy. The British government must make a decision on the future finance framework for new nuclear power by the end of 2019 and should support new nuclear generation if it wants to meets its net zero-emissions target by 2050, a parliamentary report said.

The report by MPs on the science and technology select committee said the government should “sustain, but not grow” the UK’s nuclear power industry. It must anticipate any gap in future generation capacity such a policy would cause, and support sufficient renewable power alternatives to fill the gap.

The committee concluded that it is not possible to directly compare the costs of different power generation technologies, but “the government is right to support nuclear power subject to it representing value for money, because full lifecycle emissions from nuclear power will help the UK to achieve its emissions reduction targets”.

It said the government must make a decision on implementing a regulated asset base (RAB) framework for nuclear power by the end of this year.

Date: Wednesday, 28 August 2019
Original article: nucnet.org/news/committee-tells-gov-t-to-make-nuclear-financing-decision-by-end-of-year-8-4-2019