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Singapore and India to Explore Cooperation on Small Modular Reactors

On August 20, the fourth India-Singapore Ministerial Roundtable was held in Singapore. After reviewing progress in the six existing areas of cooperation, both sides proposed to further explore cooperation in new areas such as space and nuclear technology. Singapore's Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, who led the Singapore delegation, said after the meeting that Singapore and India are satisfied with the good progress of cooperation in the six areas of sustainable development, digitalization, skills development, healthcare and pharmaceuticals, advanced manufacturing, and connectivity. Among the new areas of cooperation, nuclear technology became one of the topics discussed by both sides, with a focus on...

2026-08-21

Hennessy Capital VII and ONE Nuclear Advance "Gas-to-Nuclear" Data Center Power Supply Plan

Hennessy Capital Investment Corp. VII and ONE Nuclear recently held a joint investor update to review the latest progress of their proposed business combination and disclosed ONE Nuclear's gas-to-nuclear strategy developed around the power supply needs of hyperscale data centers. According to relevant documents, the S-4 registration statement filed by both parties became effective on August 3, 2026, and Hennessy Capital VII has mailed the final proxy statement to shareholders of record as of July 31, 2026, for a vote on the business combination. ONE Nuclear stated that its business path will begin with behind-the-meter natural gas power generation to provide faster-deployable on-site electricity for data centers...

2026-08-21

Uzbekistan Prepares for Second Nuclear Power Plant Project

Uzbek President Shavkat Mirziyoyev said on August 17 at a ceremony launching investment projects in the Khorezm region that Uzbekistan is carrying out large-scale preparatory work for the construction of a second nuclear power plant. This marks the first time the country has publicly mentioned the second NPP project. Mirziyoyev said Uzbekistan has advanced a number of energy and infrastructure projects in recent years, with the nuclear power plant under construction in the Jizzakh region being one of them. He noted that the second NPP is still in the preparation stage, with the project site, installed capacity, construction timeline, and potential contractors yet to be announced. At the same event, U...

2026-08-21

U.S. Apollo Atomics Secures $31 Million in Funding to Advance Commercialization of Compact Pressurized Water Reactor

U.S.-based Apollo Atomics recently announced the completion of a $31 million seed funding round to advance the commercialization of its next-generation compact pressurized water reactor. Incubated by the Massachusetts Institute of Technology (MIT) and backed by Y Combinator, the company plans to shift the reactor from the traditional one-off large-scale construction model to a factory-manufactured, scalable product. The round was led by FCVC, with participation from Y Combinator, Telesoft Partners, Alumni Ventures, Robinhood Ventures, Nucleation Capital, Pelion VC, and Duke Capital Partners. The company stated that the proceeds will be used to...

2026-08-21

South Korea's DaeChang Solution Secures Special Steel Contract for French Nuclear Power Turbines

South Korean steel casting manufacturer DaeChang Solution Co. announced on August 21 that it has signed a special steel supply contract with Arabelle Solutions France, with the products to be used in steam turbines for small modular reactors (SMRs) and large nuclear power plants. According to the announcement, the contract value is EUR 50.7649 million, equivalent to approximately KRW 82.631 billion based on the initial market exchange rate of KRW 1,627.72 per euro on the contract signing date. This amount represents 138% of DaeChang Solution's 2025 consolidated sales of KRW 59.877 billion. Of the contract value, 70% is a fixed amount, i.e., EUR 37.2055 million...

2026-08-21

South Korea Raises 2040 Electricity Demand Forecast, Increment Equivalent to 19 Large Nuclear Power Units

A forum on the formulation of South Korea's 12th Basic Plan for Electricity Supply and Demand was held in Seoul on August 20. The new round of electricity demand forecasts submitted at the meeting showed that by 2040, South Korea's annual maximum electricity demand is expected to reach 158.4 GW to 165.0 GW, an upward revision of 26.6 GW to 26.8 GW compared to the forecast proposed in April this year. Based on the 1.4 GW single-unit capacity of the AP1400 large nuclear power unit under construction in South Korea, the increment in electricity demand from this upward revision is equivalent to the electricity provided by approximately 19 large nuclear power units operating at full power. The previous April forecast for the 2040 annual maximum electricity demand was 131.8 GW to 138.2 GW. The new forecast reflects semiconductor industry clusters...

2026-08-21

Russia Plans to Add Approximately 30 GW of Nuclear Power Capacity and Expand Regional Deployment

Russian President Vladimir Putin stated at a meeting on nuclear energy development that Russia will continue to uphold high standards of nuclear power plant safety and reliability, and plans to add approximately 30 GW of nuclear power capacity, including small modular reactors. Putin said the new capacity will not only replace units approaching the end of their service life, but also significantly increase Russia's total nuclear power generation capacity. Russia also plans to expand the geographical deployment of nuclear power units, building a new generation of nuclear power plants in the Urals, Siberia, and the Far East to provide affordable clean electricity to these regions. He also noted that Russia will strengthen...

2026-08-21

OECD Nuclear Energy Agency and the United States to Co-Host "New Nuclear Roadmap 2026" Conference

The OECD Nuclear Energy Agency (NEA) and the United States will co-host the New Nuclear Roadmap 2026 conference on September 17-18, 2026, in Paris, France. The conference will bring together ministers, senior government representatives, industry leaders, investors, experts, and relevant stakeholders to discuss the policy, industrial, and financial conditions required for the large-scale deployment of new nuclear capacity. U.S. Secretary of Energy Chris Wright stated that the world needs more energy and that nuclear energy will play an important role in addressing this demand. The U.S. Department of Energy will co-host the conference with partners to advance nuclear innovation, strengthen international cooperation, and continue to promote global nuclear energy development...

2026-08-20

Port of Long Beach Advances Offshore Small Modular Reactor Project

The Port of Long Beach in California, USA, is advancing an exploratory project for an offshore small modular reactor (SMR) system that could one day provide electricity for port operations, terminal equipment, charging infrastructure, and vessels at berth. If the project ultimately comes to fruition, it could become one of California's first new nuclear power projects in nearly 50 years. The project partner is Bluecore Energy, a startup founded less than a year ago that plans to develop small nuclear reactors deployable on floating barges. The Port of Long Beach has leased the Pier 48 site to the company for technology development and testing. Previously, the Port of Long Beach also...

2026-08-19

TerraPower Plans to Deepen South Korean Supply Chain Cooperation to Advance K-Sodium SMR Business Model

TerraPower CEO Chris Levesque recently stated that South Korea possesses strong nuclear supply chain capabilities, with both a foundation in small modular reactor (SMR) construction and familiarity with the stable power demands of AI data centers, semiconductors, and other industries. TerraPower plans to further strengthen cooperation with South Korean companies in supply chain and project manufacturing. Levesque stated that small modular reactors are not a technology intended to replace traditional large-scale nuclear power plants, but rather a new class of energy solution targeting incremental electricity demand in the AI era. He recently met with TerraPower Chairman Bill...

2026-08-19

The Second Working Meeting of 2026 of the Special Review and Supervision Task Force for the Hainan Changjiang Small Modular Reactor Demonstration Project Convened

To further strengthen the regulatory oversight of the Hainan Changjiang Multi-purpose Modular Small Modular Reactor Science and Technology Demonstration Project (hereinafter referred to as the Small Modular Reactor Demonstration Project), the Nuclear Power Safety Regulatory Department of the Ministry of Ecology and Environment recently organized and convened the Second Working Meeting of 2026 of the Special Review and Supervision Task Force for the Small Modular Reactor Demonstration Project. Representatives from the South China Regional Office of Nuclear and Radiation Safety Supervision, the Nuclear and Radiation Safety Center, the China Machinery Productivity Promotion Center, the operating organization, and the design organization attended the meeting. The meeting focused on dialogue and exchanges regarding unresolved review issues of the Small Modular Reactor Demonstration Project, and reviewed the implementation status of action items from the first task force meeting, the overall project review status, on-site supervision status...

2026-08-18

South Korea's Nuclear Expansion Faces Fuel Supply Pressure as Enriched Uranium Costs Surge Nearly Sixfold in Seven Years

Against the backdrop of accelerating global nuclear power construction and surging electricity demand from AI data centers, the nuclear fuel supply chain is facing new tensions. Due to limited uranium enrichment capacity and sanctions affecting Russian-related supplies, international uranium enrichment prices have risen sharply over the past seven years. South Korea's nuclear expansion plans are consequently facing fuel procurement pressure, with industry experts concerned that if mid- to long-term nuclear fuel security proves insufficient, newly built nuclear units could face operational risks in the future. Korea Hydro & Nuclear Power (KHNP) recently disclosed that South Korea's domestic annual enriched uranium consumption is expected to increase from approximately 460 tons currently to about 540 tons next year. The rising demand mainly stems from the overlap between life-extension operations of some older nuclear units and the commissioning of new units...

2026-08-18

Japan's Nuclear Power Revival Enters Supply Chain Rebuilding Phase, with Spent Fuel and Engineering Capacity as Key Constraints

As Japan advances energy security, reduces dependence on fossil fuel imports, and expands low-carbon electricity supply, the focus of the country's nuclear power market is shifting from mere reactor restarts to a comprehensive supply chain rebuild covering manufacturing, operations and maintenance, life extension, fuel cycle, and waste management. GlobalData estimates Japan's nuclear power generation at 101.0 TWh in 2025 and projects it to increase to 123.3 TWh by 2035. Japan's policy target is to maintain nuclear power at approximately 20% to 22% of the electricity generation mix. Based on total annual electricity demand of approximately 1,050 TWh, a 20% nuclear share corresponds to about 210 TWh, while a 22% share corresponds to about 231 TWh. Compared with the 2025 nuclear generation figure of 101.0 TWh, the estimated gap is approximately 109 TWh to 130 TWh.

2026-08-18

First American Nuclear Company's Regulatory Engagement Plan for Proposed HALEU Fuel Facility Accepted for Docketing by NRC

First American Nuclear Co. (FANCO) announced on August 17 that its regulatory engagement plan for the proposed Class II high-assay low-enriched uranium (HALEU) conversion and fuel fabrication facility has been accepted for docketing by the U.S. Nuclear Regulatory Commission (NRC). The facility will serve the company's EAGL-1 small modular reactor project currently under development. According to the company's disclosure, the NRC ADAMS accession number for the letter of intent is ML26222A181, and the NRC ADAMS accession number for the regulatory engagement plan is ML26222A177. This submission advances the pre-application regulatory engagement between FANCO and the NRC regarding the proposed ceramic fuel fabrication facility. The facility is planned to support the EAGL-1 lead-bismuth...

2026-08-18

India Unveils Nuclear Energy Self-Reliance Roadmap, Targeting 100 GW Nuclear Capacity by 2047

India's Minister of State for the Prime Minister's Office, Jitendra Singh, recently stated in a written reply to the Lok Sabha that India is accelerating the development of its domestic nuclear energy ecosystem, with key focus areas including advanced reactor technologies, small modular reactors, domestic manufacturing capabilities, private sector participation, and the long-term development and utilization of thorium resources. Singh stated that India's long-term nuclear energy strategy remains based on its three-stage nuclear power program, aiming to gradually utilize the country's relatively abundant thorium resources while ensuring long-term energy security. India proposed a Nuclear Energy Mission in its 2025-2026 federal budget, planning to expand nuclear power capacity to 100 GW by 2047...

2026-08-17