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South Korea's Trade Minister Meets Governors of 11 U.S. States to Expand Nuclear Power and Shipbuilding Cooperation

South Korea's Ministry of Trade, Industry and Energy stated on August 2 that the Trade Negotiation Minister attended the 2026 National Governors Association (NGA) Summer Meeting in Oklahoma City from July 30 to August 1, during which he held a series of meetings with governors from 11 states including Tennessee, Colorado, Wyoming, North Carolina, Delaware, Minnesota, Oklahoma, Utah, Maryland, South Dakota, and Vermont, calling for expanded cooperation in high-tech and strategic industries such as nuclear power, shipbuilding, and batteries, and requesting support from state governments for Korean companies' investments and local operations in the U.S. Reports indicate that the U.S. Department of Energy is advancing the Nuclear Life-cycle Innovation Campus (NLIC) project, and on the 28th of last month...

2026-08-03

Kairos Power Advances Flibe Molten Salt Applications to Support KP-FHR High-Temperature Reactor Development

Kairos Power announced on July 29 that its Fluoride Salt-Cooled High-Temperature Reactor (KP-FHR) will be among the early adopters of a fluoride salt coolant. This coolant, commonly referred to as Flibe, is composed of lithium fluoride (LiF) and beryllium fluoride (BeF₂). In the 1960s, Oak Ridge National Laboratory used this material as a coolant in the Molten Salt Reactor Experiment. According to Kairos Power, Flibe has a high specific heat capacity, enabling it to effectively absorb and transfer heat generated in the reactor core. Compared with some sodium-cooled or helium-cooled reactor systems, fluoride salt offers certain advantages in heat transport...

2026-08-03

Utah Finalist for DOE Nuclear Fuel Cycle Site, with Great Salt Lake Rescue as Bargaining Chip

Utah is seeking an agreement with the U.S. Department of Energy (DOE), hoping to secure federal nuclear hub status while also gaining assistance in addressing the Great Salt Lake crisis. Governor Spencer Cox and U.S. Energy Secretary Chris Wright signed a memorandum agreeing to collaborate on realizing the full value of the nuclear fuel cycle. However, this agreement does not mean Utah has decided to build the nuclear hub, and the state will decline if it is deemed unsafe or disadvantageous. Currently, Utah is one of five states competing for the federal Nuclear Lifecycle Innovation Park, which aims to consolidate all aspects of the nuclear fuel cycle in one location, including fuel fabrication, enrichment,...

2026-08-03

U.S. Nuclear Regulatory Commission Signs Memorandums of Understanding with Coast Guard and Marine Minerals Administration to Strengthen Offshore Nuclear Energy Cooperation

Recently, the U.S. Nuclear Regulatory Commission (NRC) signed Memorandums of Understanding (MOUs) with the U.S. Coast Guard (USCG) and the newly established Marine Minerals Administration (MMA), respectively, aimed at strengthening coordination and cooperation on civilian offshore nuclear projects. These initiatives come at a time of growing interest in nuclear technology within the commercial shipping sector, including projects such as nuclear-powered vessels and floating nuclear power plants. The agreement with the Coast Guard updates a previous agreement signed with the Atomic Energy Commission in 1973, aiming to modernize regulatory processes and ensure effective management of the design, construction, operation, and oversight of civilian nuclear reactors at sea. Meanwhile, the NRC's cooperation with the MMA focuses on clarifying jurisdictional issues for any potential nuclear projects on the U.S. Outer Continental Shelf (OCS).

2026-08-03

Global Nuclear Power Construction Accelerates, Asian Countries Lead the Way

Global nuclear power construction is accelerating, particularly in the Asian region. China is currently the most active country in nuclear power construction worldwide, with more than twenty nuclear reactors under construction, far surpassing other nations. This large-scale investment reflects China's emphasis on energy security and reducing carbon emissions. India follows closely behind, also actively expanding its nuclear power capacity to meet growing electricity demand and achieve climate goals. Beyond Asia, several European countries are also increasing their nuclear power capacity. Although France already possesses a large number of existing nuclear power plants, it is also advancing the construction of new nuclear reactors, aiming to maintain the share of nuclear energy in its energy mix. The United Kingdom is likewise committed to developing nuclear power, with plans to build new...

2026-08-03

US Utility Xcel Energy's Nuclear Plant Life Extension Boosts Q2 Earnings Significantly

Xcel Energy, a multi-state regulated electric and gas utility headquartered in Minneapolis, USA, achieved significant earnings growth in the second quarter, primarily driven by reduced depreciation expenses resulting from extended operating lives of its nuclear power plants. The company extended the expected operating lives of its nuclear plants to 2050 and beyond, thereby lowering quarterly depreciation costs and positively impacting its financial performance. Despite a decline in operating revenues, net income still grew by 32% to $586 million, with diluted earnings per share rising from $0.75 to $0.93. The extension of nuclear plant operating lives does not imply an immediate increase in cash flow or power generation...

2026-08-03

Fuse Signs Five-Year Cooperative R&D Agreement with Nevada National Security Sites

U.S. fusion energy company Fuse Energy Technologies Corporation (Fuse) announced on August 2 that it has signed a five-year Cooperative Research and Development Agreement (CRADA) with Mission Support and Test Services (MSTS) at the Nevada National Security Sites (NNSS). MSTS manages and operates NNSS. The agreement establishes a long-term collaboration framework between Fuse and NNSS. The initial research projects will focus on next-generation fusion technology validation, tritium-related capability enhancement, increasing neutron yield from pulsed fusion generators, and U.S. domestic...

2026-08-03

Six Polish companies enter final stage of supplier qualification for Westinghouse AP1000 first reactor

Poland's Mostostal Kielce, along with five other Polish companies, has entered the final stage of qualification jointly organized by Westinghouse and Polish Nuclear Power Company (PEJ), with the potential to participate in the construction of Poland's first nuclear power plant. The plant will be located in the Choczewo municipality and will use AP1000 technology. The six companies entering the final stage include Mostostal Kielce, FAMAK, Ferrum Welded Structures Plant, Mostostal Siedlce, Mostostal Kraków, and Energomontaż-Północ Gdynia. In the final round, they will produce structural mock-ups to verify compliance with ASME NQA-1, the international quality standard for the nuclear sector. Prior to this...

2026-08-01

Follow-up consultations on ROK-US nuclear-powered submarine and nuclear cooperation agreement progress slowly

According to a South Korean diplomatic source on July 31, South Korea and the United States have yet to finalize the schedule for the second working-level consultation, and the follow-up talks originally planned for July have not yet taken place. The consultations are aimed at implementing the security-related agreements outlined in the joint statement issued at last year's summit between the two countries, including South Korea's introduction of nuclear-powered submarines and the revision of nuclear cooperation arrangements regarding uranium enrichment and spent nuclear fuel reprocessing. The two sides previously held their first working-level consultation in Seoul on the 2nd and 3rd of last month. U.S. Under Secretary of State for Political Affairs Allison Hooker led a cross-agency delegation to South Korea at the time to discuss the implementation of the security agreement with the South Korean side. Observers...

2026-08-02

American Fusion Completes First Phase of Texatron Testing at Texas Tech University

American Fusion (American Fusion, OTC: AMFN) announced on July 31 that the first phase of its proprietary Texatron Fusion Engine engineering and testing program has been completed at the Center for Emerging Energy Sciences, Department of Physics and Astronomy, Texas Tech University in Lubbock, Texas. The company stated that the project has achieved initial engineering goals and has advanced to the next phase of the Texatron development and testing program. According to reports, American Fusion's seven-member science and engineering team collaborated with Texas Tech University personnel this week on engineering assessments, subsystem...

2026-08-01

Illinois Restarts Nuclear Power in Bid to Address Energy Challenges

Illinois is actively exploring nuclear energy to address potential electricity shortages. Governor Pritzker signed an executive order requiring agencies to study adding at least 2 gigawatts of energy supply, enough to power 2 million homes or 20 large data centers. Earlier, in January of this year, the state passed the Clean and Reliable Grid Affordable Act, lifting a nearly four-decade ban on building new large-scale nuclear plants. This move aims to ensure stability of power supply and affordability of prices, especially amid growing energy demand. Illinois's nuclear development is not without challenges. For a long time, the United States has lacked a solution for safely storing nuclear waste...

2026-08-02

US NRC Approves Oyster Creek Nuclear Power Plant License Termination Plan

The U.S. Nuclear Regulatory Commission (NRC) has approved the license termination plan for the Oyster Creek Generating Station. Located in Lacey Township, New Jersey, the plant is now more than halfway through its decommissioning and dismantlement work. With this approval, the project will proceed with the final phases of decommissioning and site restoration in accordance with the approved document. Before dismantlement of the Oyster Creek Generating Station in Lacey Township, New Jersey, Holtec International stated that the approval of the license termination plan involved coordinated efforts across multiple departments, including engineering, radiation protection, environmental services, work management, project controls, licensing, communications, and security, led by the regulatory affairs department. The Vice President of Oyster Creek Nuclear Power Plant...

2026-07-31

Crusoe and Aalo Atomics Forge Strategic Partnership: First Nuclear-Powered AI Facility Planned

U.S.-based Crusoe and Aalo Atomics have reached a strategic partnership aimed at deploying the first nuclear-powered artificial intelligence facility. This commercial collaboration builds on Aalo's recent criticality achievement, underscoring U.S. leadership in AI and energy. Crusoe's Spark modular AI data centers will be co-located with Aalo Atomics' nuclear reactor buildings at Idaho National Laboratory. The project aims to validate the effectiveness of nuclear energy for AI workloads. Cully Cavness, co-founder, president, and chief strategy officer of Crusoe, stated that next-generation AI infrastructure requires reliable, abundant, clean, and scalable power, and Aalo's reactors are designed precisely for that purpose. Crusoe's core value is "bending the energy arc toward sustainability," guided by the principle of leveraging its market position to support and accelerate energy innovation...

2026-07-31

NuAlaska Initiative Launched: Long-Life Nuclear Microreactors Target Remote Alaskan Regions

An initiative in Alaska called NuAlaska is working to bring long-life nuclear microreactors to remote areas. This collaboration, co-launched by NuCube Energy Inc. and the Alaska Fund, aims to develop, finance, own, and operate advanced nuclear energy projects in Alaska. The plan combines NuCube's NuSun-1 micro-modular reactor technology with the Alaska Fund's mission to support projects that meet Alaska's unique energy and infrastructure needs. The initiative targets remote communities, mines, military installations, and other isolated locations where harsh weather, long transportation routes, and reliance on imported diesel fuel...

2026-07-31

Mangoceuticals to Merge with Nuclea to Advance Morpheus Microreactor to Market

Mangoceuticals announced on July 30 that it has signed a definitive business combination agreement with advanced nuclear technology company Nuclea Energy Inc., aiming to bring the latter's Morpheus microreactor to the public capital markets. Nuclea was founded in August 2023 and is headquartered in Mississauga, Ontario, Canada, focusing on the development of lead-cooled, factory-fabricated micro-modular reactors. Under the agreement, a newly formed subsidiary of Mangoceuticals will merge with Nuclea, and the combined company will operate as an indirect wholly owned subsidiary of Mangoceuticals. Upon completion of the transaction, holders of Nuclea common shares will receive...

2026-07-31