Oklo Inc. (NYSE: OKLO) (“Oklo” or the “Company”), an advanced nuclear technology company, and Switch, a premier provider of AI, cloud and enterprise data centers, have signed a non-binding Master Power Agreement (“Master Agreement”) to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. This is one of the largest corporate clean power agreements ever signed. The Master Agreement establishes a framework for collaboration, with the expectation that individual binding agreements will be finalized as project milestones are reached.
X-energy Reactor Company, LLC (“X-energy” or the “Company”), and its wholly-owned subsidiary, TRISO-X LLC (“TRISO-X”), today announced the selection of Geiger Brothers, Inc. to develop the site of its first-of-a-kind advanced nuclear fuel fabrication facility (“TX-1”) in Oak Ridge, Tennessee.
Last Energy, an American cleantech startup aiming to become the first mass-manufacturer of 20 megawatt nuclear microreactors, announced today that it received an LOI from the Export-Import Bank of the United States (EXIM).
GE Vernova’s nuclear business, GE Hitachi Nuclear Energy (GEH), has progressed to the next step of the Generic Design Assessment (GDA) with its BWRX-300 Small Modular Reactor (SMR) technology.
Tata Chemicals North America announces its subsidiary, Tata Chemicals Soda Ash Partners LLC (TCSAP) has signed a letter of intent (LOI) with BWXT Advanced Technologies LLC (BWXT) to explore the deployment of up to eight nuclear microreactors. BWXT and TCSAP have been collaborating since September of 2023 on the feasibility of integrating BWXT’s Advanced Nuclear Reactor (BANR) for electricity and industrial processing at TCSAP’s Green River, Wyoming manufacturing site. With this LOI, TCSAP and BWXT agree to expand their collaboration to include the development of commercial terms and conditions to conditionally purchase BANR microreactors from BWXT and establish the schedule and key milestones along the path to deploying them by the early 2030s, as well as jointly determining the techno-economic parameters necessary to turn conditional reactor purchase commitments into an energy purchase agreement.
Centrus Energy (NYSE American: LEU) announced today that its subsidiary, American Centrifuge Operating, LLC (“ACO”), has won an award from the U.S. Department of Energy aimed at expanding domestic commercial production of Low-Enriched Uranium (“LEU”) to meet the needs of existing and future nuclear reactors. This is the third selection for Centrus under a series of three solicitations from the Department as part of a program to restore America’s domestic nuclear fuel supply for LEU and High-Assay, Low-Enriched Uranium (“HALEU”).
On December 11, the Nuclear Regulatory Commission (NRC) provided Urenco USA (UUSA) their approval of a License Amendment Request (LAR) to increase uranium enrichment levels up to 10% U-235. NRC’s Nuclear Material Safety & Safeguards Office Director, John Lubinski, and NRC’s Division of Fuel Management Director, Shana Helton, presented the approval to Urenco USA’s Chief Nuclear Officer, Paul Lorskulsint, at NRC Headquarters in Rockville Maryland.
General Atomics recently completed its first round of testing at Idaho National Laboratory (INL) on unfueled samples of a new high-temperature ceramic fuel cladding that could potentially transform the way nuclear fuels are made.
Oklo Inc. (NYSE: OKLO) ("Oklo"), an advanced fission power and nuclear fuel recycling company, has received Letters of Intent (LOIs) and is partnering with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power for data centers across the U.S. These commitments expand Oklo’s customer pipeline to approximately 2,100 MW, underscoring the demand for Oklo’s dedicated clean energy solutions.
Pacific Gas and Electric Company (PG&E) is deploying Atomic Canyon's artificial intelligence-powered solutions for the nuclear energy sector at PG&E's Diablo Canyon Power Plant. This marks the inaugural commercial installation of the first on-site generative AI deployment at a U.S. nuclear power plant.
GSE Solutions ("GSE Systems, Inc." or "GSE"), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, and Pelican Energy Partners ("Pelican"), a highly specialized private equity firm led by experienced energy service professionals focused on energy services businesses and manufacturing companies, announced today the closing of the merger involving GSE and an affiliate of Pelican.
TerraPower, a leading advanced nuclear energy developer, today announced it has executed a term sheet with ASP Isotopes Inc. to expand global production of high-assay low-enriched uranium (HALEU).
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced fission power technology and nuclear fuel recycling company, today announced that the U.S. Department of Energy (DOE) has approved the Conceptual Safety Design Report (CSDR) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL). This approval is a key milestone as Oklo advances toward its goal of utilizing recovered nuclear material to fuel its first commercial Aurora powerhouse.
Alameda, CA – October 14, 2024 – Kairos Power and Google have signed a Master Plant Development Agreement, creating a path to deploy a U.S. fleet of advanced nuclear power projects totaling 500 MW by 2035.
The UK government has narrowed its shortlist of technologies competing in its flagship Small Modular Reactor (SMR) competition to four candidates. On Sept. 25, it announced that Westinghouse, GE-Hitachi Nuclear Energy (GEH), Holtec Britain, and Rolls-Royce SMR remain in the running to negotiate potentially multi-billion-pound nuclear technology development contracts under the fast-track initiative aimed at delivering an operational SMR by the mid-2030s.
Bellevue, WA – September 17, 2024 - TerraPower, a nuclear innovation company, announced today that it has entered into a Basic Ordering Agreement (BOA) with Numerical Advisory Solutions (NAS), a Zachry Group company, for Owner’s Engineering support services and start-up support services for TerraPower’s Natrium Reactor Demonstration Project in Kemmerer, Wyoming.
Charlotte, NC – September 10, 2024 – Terrestrial Energy Inc. and Numerical Advisory Solutions based in Cary, NC, have signed a Memorandum of Understanding to collaborate further on the Integral Molten Salt Reactor (IMSR) site evaluation, plant development, and project deployment.
LONDON (September 9, 2024) - GE Vernova’s nuclear business, GE Hitachi Nuclear Energy (GEH), has signed a series of Memorandum of Understanding (MoUs) with Aecon, AtkinsRéalis, Jacobs and Laing O’Rourke.
OAK RIDGE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Orano USA officials announced today the company has selected Oak Ridge, Tennessee, as the preferred site to construct a new, multi-billion-dollar, state-of-the-art centrifuge uranium enrichment facility.
COLUMBIA, Md., Aug. 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into a definitive merger agreement to be acquired by Pelican Energy Partners ("Pelican") in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of the directors of GSE, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.10 per share. The consideration per share represents a premium of approximately 50% to GSE's closing share price as of August 7, 2024.
OAK RIDGE, TENN. – July 30, 2024 – Kairos Power has started construction on the Hermes Low-Power Demonstration Reactor, the first and only Gen IV reactor to be approved for construction by the U.S. Nuclear Regulatory Commission and the first non-light-water reactor to be permitted in the U.S. in over 50 years. Hermes represents a critical milestone on Kairos Power’s iterative path to commercializing advanced reactor technology.
Oklo Inc. (NYSE: OKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announced the successful completion of the first end-to-end demonstration of the key stages of its advanced fuel recycling process, in collaboration with Argonne National Laboratory and Idaho National Laboratory. This achievement marks a significant step forward in Oklo’s efforts to scale up its fuel recycling capabilities and deploy a commercial-scale recycling facility to increase advanced reactor fuel supplies, and enhance fuel cost effectiveness.
Duke Energy (NYSE: DUK), Amazon, Google, Microsoft and Nucor today announced agreements to explore new and innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina. The announcement was made at the White House Summit on Domestic Nuclear Deployment.
