Advanced Nuclear & SMRs

Earnings rose at Tennessee Valley Authority (TVA), Knoxville, Tenn., in the third quarter of fiscal 2026 which the federal utility attributed to “higher fuel cost recovery rates and higher sales volume,” according to a Tuesday press release. The net income for the third quarter of fiscal 2026 ended June 30 was $307 million, up from […]

Holtec International, Hyundai Engineering & Construction (HDEC) and Entergy have agreed to jointly  explore building Holtec’s SMR-300 small modular reactors along the Gulf Coast of Alabama, Florida, Louisiana, Mississippi and Texas. The three companies look to establish a framework to analyze customer demand and potential sites for the SMR-300 reactor, according to Holtec’s Tuesday press […]

Westinghouse and Amentum signed a series of agreements aimed at advancing fleet-scale deployment of Westinghouse’s reactor technologies, the companies said Tuesday. According to Westinghouse’s press release, the agreements enable the two companies to work together to develop Westinghouse’s large-scale reactor, AP1000, and small modular reactor (SMR), AP300. Westinghouse’s APX strategy will focus on near-term global […]

California-based microreactor developer Valar Atomics raised $1 billion in a Series B financing round led by Sequoia Capital, the company said Tuesday. Additionally, the nuclear startup secured a $200 million credit facility and added Sequoia partner Shaun Maguire to its board of directors, according to Valar’s press release. Valar is developing the Ward 250, a […]

Pacific Fusion and Lawrence Livermore National Laboratory (LLNL) in California have demonstrated the long-term operation of a next-generation pulsed-power technology, with a prototype system surpassing 3,000 electrical pulses, or “shots,” under a Cooperative Research and Development Agreement (CRADA). The achievement advances the laboratory’s prototype, named Sirius, beyond proof-of-concept and toward Technology Readiness Level 5 by […]

Fusion technology developer Fuse says its new Cooperative Research and Development Agreement (CRADA) with the Nevada National Security Site (NNSS) reflects a growing role for commercial fusion companies in supporting the National Nuclear Security Administration’s national security mission. The agreement establishes a framework for research on next-generation fusion technologies, tritium capabilities, higher neutron yields in […]

California-based microreactor developer Valar Atomics raised $1 billion in a Series B financing round led by Sequoia Capital, the company said Tuesday. Additionally, the nuclear startup secured a $200 million credit facility and added Sequoia partner Shaun Maguire to its board of directors, according to Valar’s press release. Valar is developing the Ward 250, a […]

Westinghouse and Amentum signed a series of agreements aimed at advancing fleet-scale deployment of Westinghouse’s reactor technologies, the companies said Tuesday. According to Westinghouse’s press release, the agreements enable the two companies to work together to develop Westinghouse’s large-scale reactor, AP1000, and small modular reactor (SMR), AP300. Westinghouse’s APX strategy will focus on near-term global […]

Holtec International, Hyundai Engineering & Construction (HDEC) and Entergy have agreed to jointly  explore building Holtec’s SMR-300 small modular reactors along the Gulf Coast of Alabama, Florida, Louisiana, Mississippi and Texas. The three companies look to establish a framework to analyze customer demand and potential sites for the SMR-300 reactor, according to Holtec’s Tuesday press […]

Earnings rose at Tennessee Valley Authority (TVA), Knoxville, Tenn., in the third quarter of fiscal 2026 which the federal utility attributed to “higher fuel cost recovery rates and higher sales volume,” according to a Tuesday press release. The net income for the third quarter of fiscal 2026 ended June 30 was $307 million, up from […]

Devens, Mass.-based fusion company Commonwealth Fusion Systems (CFS) raised $1 billion in additional equity funding, the company said July 30. CFS said in a press release the $1 billion financing round is the largest a fusion company has had since 2021 when CFS had a $1.8 billion Series B round then. This recent funding builds […]

Fusion technology developer Fuse signed a five-year Cooperative Research and Development Agreement (CRADA) with prime contractor Mission Support and Test Services at the Nevada National Security Site (NNSS), expanding its collaboration across the National Nuclear Security Administration (NNSA) enterprise. A CRADA deal establishes a framework for research on next-generation fusion technologies, tritium capabilities, higher neutron […]

While scant on details, Westinghouse Electric said Friday it has “confidentially” filed a draft registration statement on Form S-1with the Securities and Exchange Commission (SEC), beginning its process to become a public entity. According to Westinghouse’s press release, the number of shares and price range for its public offering have not been determined at this […]

NextEra has acquired the remaining 30% minority stake in its Duane Arnold Energy Center as the sole Iowa nuclear power plant prepares to come back online by 2029, the utility said July 24. According to NextEra’s second quarter 2026 financial results press release, the utility bought the remaining minority stake from two companies, Central Iowa […]

A week after becoming a public company, Standard Nuclear said July 22 that construction is nearly finished on two of its new nuclear fuel facilities in Idaho and Tennessee. SN-TN in Tennessee and SN-ID in Idaho are two identical fuel facilities, which once operational, should produce up to one metric ton of uranium of tri-structural […]

Rian Bahran, the Department of Energy’s Office of Nuclear Energy deputy assistant secretary for nuclear reactors, left DOE last week and joined microreactor developer Antares Nuclear. Bahran, with DOE since January 2025, is starting a new job as the chief nuclear officer at Antares. In his new role, he will lead the company’s “nuclear operations, […]

Constellation Energy, Blue Energy and NANO Nuclear have formally expressed interest in building new nuclear energy in Illinois. The three nuclear entities responded to Illinois Gov. JB Pritzker’s (D) notice of inquiry that was conducted by the Illinois Commerce Commission through a February executive order. That gubernatorial action set out a goal of adding at […]

ARC Clean Technology and Battelle Energy Alliance have entered into a partnership that is aimed to deploy ARC’s ARC-100 small modular reactor at the Department of Energy’s Idaho National Laboratory. Battelle Energy Alliance is DOE’s management contractor for INL. According to ARC’s Tuesday press release, the agreement will create a multi-year framework to support the […]

Constellation Energy, Blue Energy and NANO Nuclear have formally expressed interest in building new nuclear energy in Illinois. The three nuclear entities responded to Illinois Gov. JB Pritzker’s (D) notice of inquiry that was conducted by the Illinois Commerce Commission through a February executive order. That gubernatorial action set out a target goal of adding […]

Rian Bahran, the Department of Energy’s Office of Nuclear Energy deputy assistant secretary for nuclear reactors, left DOE last Friday and joined microreactor developer Antares Nuclear. Bahran, who was with DOE since January 2025, will now serve as the chief nuclear officer at Antares, beginning this week. In his new role, he will lead the […]

A week after becoming a public company, Standard Nuclear said July 22 that construction is nearly finished on two of its new nuclear fuel facilities in Idaho and Tennessee. SN-TN in Tennessee and SN-ID in Idaho are two identical fuel facilities, which once operational, should produce up to one metric ton of uranium of tri-structural […]

The Nuclear Regulatory Commission and Marine Minerals Administration have signed a memorandum of understanding (MOU) Wednesday to create a framework for potential nuclear reactors to be built on the ocean.  The possible reactors would be particularly deployed on the Outer Continental Shelf, which the Bureau of Ocean Energy Management (BOEM) defines as “all submerged lands […]

Blue Energy, a developer of what it calls “prefabricated” nuclear power plants, received a strategic equity investment from Constellation Energy’s venture arm Constellation Technology Ventures, the company said July 16. Blue Energy, founded in 2023, said in a press release that the investment from Constellation shows growing confidence in the company’s strategy to use shipyard […]

The nuclear fusion industry enjoyed a big increase in funding this year, despite most fusion technologies not being ready to deliver commercial electricity until the 2030s, the Fusion Industry Association (FIA) said in a report. In the FIA’s 2026 Global Fusion Industry report, published July 13, the non-profit organization said the industry received $4.4 billion […]

Standard Nuclear is a publicly traded company after announcing its initial public offering (IPO) late last week. The company started trading on the New York Stock Exchange under the ticker symbol “STDN” on July 16 and closed the offering the next day, according to a press release. The Oak Ridge, Tenn.-based advanced nuclear fuel manufacturer […]

ROCKVILLE, Md. – With the completion of the Department of Energy’s reactor pilot program on July 4, the Nuclear Regulatory Commission turns its attention to creating a formulaic pathway for reactor designs authorized by other agencies. In April, NRC published a proposed rulemaking that would create an additional licensing pathway for reactors authorized by DOE […]

The Department of Commerce’s Economic Development Administration awarded a five-year, $31 million grant to an Idaho, Wyoming-based nuclear initiative this week. The Intermountain-West Nuclear Energy Corridor Tech Hub initiative led by the Idaho Advanced Energy Consortium received the grant Monday. The consortium is made up of more than 45 organizations, including the Department of Energy’s […]

The Department of Energy has conditionally selected Radiant Nuclear and the National Aeronautics and Space Administration (NASA) Thursday to receive high-assay low-enriched uranium (HALEU). This round of HALEU allocations, under DOE’s HALEU Availability Program, will support NASA’s Space Reactor-1 (SR-1) Freedom mission, which aims to take a nuclear-powered spacecraft to Mars, and Radiant’s microreactor, Kaleidos, […]

ROCKVILLE, Md. – With the completion of the Department of Energy’s reactor pilot program on July 4, the Nuclear Regulatory Commission turns its attention to creating a formulaic pathway for reactor designs authorized by other agencies. In April, NRC published a proposed rulemaking that would create an additional licensing pathway for reactors authorized by DOE […]

Standard Nuclear is a publicly traded company after announcing its initial public offering (IPO) late last week. The company started trading on the New York Stock Exchange under the ticker symbol “STDN” on July 16 and closed the offering the next day, according to a press release. The Oak Ridge, Tenn.-based advanced nuclear fuel manufacturer […]