Search Results

Doosan Enerbility Secures Manufacturing Contract for Key Equipment for TerraPower's Small Modular Reactor

Doosan Enerbility announced on August 14 that it has signed a manufacturing contract with TerraPower to produce key equipment for the latter's Natrium advanced reactor project. TerraPower, founded by Bill Gates, is one of the advanced nuclear energy technology companies in the United States. Under the contract, Doosan Enerbility will be responsible for manufacturing key components required for the Natrium reactor, including the reactor protection vessel, reactor support structures, and reactor internal structures. The two parties have previously collaborated. In December 2024, Doosan Enerbility and TerraPower signed a manufacturability review contract for key equipment for the first unit of the initial small modular reactor, and...

2026-08-14

Bill Gates Visits South Korea to Deepen SMR Cooperation with Korean Companies

Bill Gates, co-founder of Microsoft, founder of TerraPower, and chairman of the Gates Foundation, visited South Korea on August 13. This marks his first visit to the country since August last year, with the primary agenda of expanding cooperation in the field of small modular reactors (SMRs). At approximately 9:20 p.m. local time on the 13th, Gates arrived at Gimpo Business Aviation Center at Seoul Gimpo Airport via private jet. During his visit, he plans to meet with figures from the South Korean government, the National Assembly, and the business community. It is reported that Gates is scheduled to meet with South Korean Prime Minister Han Seong-sook on the 14th, with the meeting having been proposed by Gates' side...

2026-08-14

Türkiye Maps Out Small Modular Reactors, Targeting 5,000 MW Installed Capacity by 2050

Türkiye is positioning small modular reactors (SMRs) as a new breakthrough in its nuclear energy strategy. Under relevant plans, Türkiye aims to achieve approximately 5,000 MW of SMR installed capacity by 2050, a scale that would surpass the Akkuyu Nuclear Power Plant project. For Türkiye, which has long sought to reduce its external energy dependence, SMRs are seen as a strategic opportunity combining energy security, industrial upgrading, and technological competitiveness. Compared with traditional large-scale nuclear power plants, SMRs feature smaller installed capacity and more flexible deployment, typically ranging from 10 MW to 300 MW; micro modular reactors below 10 MW are even smaller and can be transported by truck. Reports note that such reactors can be deployed in...

2026-08-13

India plans to build at least five domestically designed small modular reactors by 2033, and reports on nuclear power plant safety assessments

In a written reply to the Lok Sabha on August 12, Jitendra Singh, India's Minister of State for Atomic Energy, stated that a key objective of the Indian government under its nuclear energy mission is to develop and operationalize at least five domestically designed small modular reactors by 2033. According to the briefing, the Bhabha Atomic Research Centre (BARC) is advancing the design and development of indigenous small modular reactor (SMR) technology, with projects including the 220 MWe Bharat Small Modular Reactor (BSMR-200) and the 55 MWe SMR-55 for power generation. BARC is also developing a High-Temperature Gas-Cooled Reactor (HTGCR) with a capacity of up to 5 MW, which can be coupled with suitable thermochemical cycles for hydrogen production. Singh stated that India...

2026-08-13

South Korea Sets 2035 Commercialization Target for Small Modular Reactors

The Ministry of Science and ICT (MSIT) of South Korea announced on August 12 its "Seven Future Growth Engines SEED" promotion plan, designating small modular reactors, nuclear fusion, and next-generation renewable energy as key focus areas for the future clean energy sector. Among these, nuclear power-related content primarily centers on the commercialization of small modular reactors, research and development of non-light water reactor-type reactors, nuclear fuel supply security, and fusion demonstration power generation. According to the plan, South Korea will advance the development of light water reactor-type small modular reactors, targeting commercialization in Gijang County, Busan by 2035. The innovative small modular reactor (i-SMR) will undergo detailed design through public-private cooperation starting next year...

2026-08-13

HD Hyundai Chairman to Meet Bill Gates to Advance SMR Cooperation

HD Hyundai Chairman Chung Ki-sun will meet Bill Gates, who is visiting South Korea, on August 14, with the two sides planning discussions on cooperation in small modular reactors (SMRs). Gates, co-founder of Microsoft, also serves as chairman of TerraPower, a U.S. small modular reactor company. This will be the latest round of communication between Chung and Gates on related cooperation, following their meeting earlier this year at the Davos Forum in Switzerland. HD Hyundai and TerraPower have been steadily strengthening cooperation in SMR and advanced reactor manufacturing in recent years. In November 2022, HD Korea Shipbuilding & Marine Engineering invested $30 million in TerraPower. In December 2024, HD Hyundai secured an order to manufacture the reactor vessel for TerraPower's 345 MW sodium-cooled fast reactor (SFR) to be built in Wyoming, U.S.

2026-08-13

Poland Plans State Capital Injection to Accelerate GE Vernova Hitachi SMR Deployment

The Polish government is seeking to accelerate the development of small modular reactor (SMR) projects. Polish Energy Minister Miłosz Motyka stated that the government is in negotiations regarding the Polish Development Fund (PFR) taking a stake in Orlen Synthos Green Energy (OSGE), with a focus on restructuring the company's shareholding. OSGE, jointly established by Polish energy giant Orlen and chemical company Synthos, plans to build a cluster of small nuclear reactors using GE Vernova Hitachi technology from the United States. Motyka noted that the core of the current negotiations is to avoid deadlock in corporate governance. If one company holds a 50% stake, the other party or other shareholders may find it difficult to form effective checks and balances on key decisions...

2026-08-12

India's Bihar signs memorandum of understanding for $2.3 billion small modular reactor project

The government of Bihar, India recently signed investment memorandums of understanding totaling approximately $6 billion (about €5.2 billion) with several industrial enterprises, covering sectors such as steel, textiles, food processing, pharmaceuticals, and nuclear energy. Among these, the nuclear energy project investment amounts to approximately $2.3 billion, making it the largest investment proposal among the signed agreements. According to a statement issued by the office of Bihar Chief Minister Samrat Choudhary, Global Renewable Advanced Clean Energy, a recently registered company headquartered in Hyderabad in central India, signed the nuclear energy memorandum of understanding. Further details...

2026-08-12

U.S. Moves to Relax Oversight of Small Maritime Nuclear Reactors, Promoting Civilian Floating Nuclear Energy Applications

The U.S. government is pushing to remove or simplify regulatory barriers to deploying civilian nuclear reactors on floating platforms and vessels, aiming to pave the way for small modular reactors to enter maritime shipping and offshore energy applications. The relevant topics will be highlighted during the International Atomic Energy Agency's ATLAS initiative event from August 26 to 27, with the U.S. also planning to showcase reactor technologies suitable for waterborne operations. The day prior, the U.S. will host an industry day, inviting nuclear and maritime sector companies to present their solutions. This move reflects the strategic importance the U.S. energy sector places on small modular reactors. Compared to traditional large-scale nuclear power plants, small modular reactors emphasize high energy density,...

2026-08-12

Solaris Invests in Deployable Energy, Pushing "Unity" Transportable Microreactor Toward Commercial SMR

Houston-based advanced nuclear startup Deployable Energy (CEO Bobby Gallagher, former Australian Army/offshore drilling background) has reached a strategic partnership with NYSE-listed U.S. energy infrastructure company Solaris Energy Infrastructure, Inc. (NYSE: SEI): Solaris will take an equity stake in Deployable and leverage its own experience in grid construction and operations under harsh conditions (defense bases, heavy industry, data centers) to help the latter bring the Unity Nuclear Battery—a roughly 1 MWe-class, container-sized, portable microreactor that fits in a pickup truck bed for highway transport—to commercial deployment. The Unity reactor has already achieved...

2026-08-12

TVA Preserves Bellefonte Nuclear Plant Site for SMR Development, Accelerates Negotiations with GE Vernova Hitachi

The Tennessee Valley Authority (TVA) is preserving the unfinished Bellefonte Nuclear Plant in Jackson County, Alabama for potential future development. Based on current progress, TVA is accelerating negotiations with GE Vernova Hitachi Nuclear Energy, and if the two parties ultimately reach an agreement, this long-idle nuclear plant site could be used to deploy multiple BWRX-300 small modular reactors. TVA spokesperson Scott Fiedler stated that the agency's current goal is to protect and preserve the Bellefonte site for future energy development. Small modular reactors are one of the technologies TVA is considering when evaluating potential power generation options, but no final decision has been made yet...

2026-08-12

South Korea Designates Small Modular Reactors and Nuclear Fusion as Key Future Growth Technologies

South Korean President Lee Jae-myung will chair a briefing session on the "Seven Seeds for Future Growth Engines" at the presidential office Cheong Wa Dae on the afternoon of August 12, focusing on the development pathways for advanced technologies including Small Modular Reactors (SMRs) and nuclear fusion, as well as related industrial ecosystems and supply chain security measures. According to Cheong Wa Dae, the meeting aims to jointly study advanced technology deployment with the science and industry communities, support artificial intelligence (AI) transformation, and strengthen South Korea's future industrial foundation capabilities. The seven areas designated as priorities include Small Modular Reactors, nuclear fusion, renewable energy, quantum technology, aerospace, advanced biotechnology, and advanced materials and component supply chains....

2026-08-12

Mexico's Nuclear Power Planning Enters Critical Window, Pre-2035 Decisions Become Watershed for Energy Transition

Against the backdrop of major global economies reassessing the value of nuclear energy, Mexico's nuclear power policy is at a critical juncture of hesitation. The country currently operates only the Laguna Verde Nuclear Power Plant in Veracruz state, with two reactors totaling 1,552 megawatts of installed capacity, contributing approximately 3% of the nation's electricity. Despite its modest share, the plant's unit utilization rate approaches 88%, making it one of the most stable power generation sources in Mexico's electricity system and significant for ensuring baseload power supply. The operating licenses for Laguna Verde have been extended to 2050 and 2055 respectively, providing Mexico with a buffer period of roughly two decades. However, the issue lies in the fact that life extension does not equate to replacement planning...

2026-08-11

South Korea's Honam Region Visits Busan Gijang for SMR Experience, Seeking New Solutions for Stable Semiconductor Power Supply

South Korea's South Jeolla Province and Gwangju region are paying attention to Small Modular Reactors (SMR) as a potential alternative for semiconductor industry power supply. On August 7, members of the "South Jeolla-Gwangju SMR-AI Energy Forum" visited the Gijang-gun Jangan-eup Gilcheon-ri Village Hall in Busan to hold discussions with the local nuclear safety consultative body, village representatives, the Gori headquarters of Korea Hydro & Nuclear Power, and relevant Gijang-gun departments, focusing on understanding Gijang's autonomous pursuit process and resident communication experience in the siting of the innovative Small Modular Reactor (i-SMR). The direct background of this visit is the potential stable power supply challenge that the semiconductor industry in the Honam region may face in the future. Semiconductor manufacturing relies heavily on continuous, reliable large-scale...

2026-08-11

South Korean Environmental Groups to Hold Nuclear Safety Seminar, Focusing on SMR Regulatory Independence and Institutional Gaps

The Korean Federation for Environmental Movement recently announced that it will hold a session of the Continuous Nuclear Safety Seminar Series, under the safety regulation domain, at 10:00 a.m. on August 21, 2026, in Conference Room 8 of the National Assembly Members' Office Building, under the theme "Moving Beyond Promotion-Centered Nuclear Policy Toward an Independent Safety Regulatory System." The event is hosted by National Assembly member Lee Ju-hee and co-organized by the Citizens' Institute for Environmental Studies and the Korean Federation for Environmental Movement, aiming to discuss structural issues in South Korea's nuclear safety regulatory system. According to available information, the South Korean government is accelerating the research and development, industrial support, and commercialization of small modular reactors (SMRs), with the i-SMR standard design approval application already accepted and the Special Act on SMR Development Promotion scheduled to take effect in September.

2026-08-11