USNIC News

USNIC Key Mover Update: Framatome and Ultra Safe Nuclear to Form a Joint Venture to Manufacture TRISO and FCM Fuel

Framatome and Ultra Safe Nuclear Corporation (USNC) intend to form a joint venture to manufacture commercial quantities of Tri-structural Isotropic (TRISO) particles and Ultra Safe Nuclear’s proprietary Fully Ceramic Micro-encapsulated (FCM®) fuel.

January 26, 2023
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USNIC Key Mover Update: NRC Certifies First U.S. Small Modular Reactor Design

The U.S. Nuclear Regulatory Commission (NRC) issued its final rule in the Federal Register to certify NuScale Power’s small modular reactor. The company’s power module becomes the first SMR design certified by the NRC and just the seventh reactor design cleared for use in the United States. The rule takes effects February 21, 2023 and equips the nation with a new clean power source to help drive down emissions across the country.

January 20, 2023
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USNIC Announces 2023 Board of Directors

January 19, 2023
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USNIC Key Mover Update: GE Hitachi Submits Generic Design Assessment Application in the UK for the BWRX-300 Small Modular Reactor

GE Hitachi Nuclear Energy (GEH) today announced that it has submitted a Generic Design Assessment (GDA) entry application for the BWRX-300 small modular reactor (SMR) to the U.K. Department for Business, Energy and Industrial Strategy.

December 20, 2022
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USNIC Key Mover Update: Holtec Britain Applies to Join UK Government Process for Generic Design Assessment of US-Origin SMR-160 Nuclear Reactor in the United Kingdom

We are pleased to announce that Holtec Britain is poised to enter the UK regulatory Generic Design Assessment (GDA) process for SMR-160 in early 2023, enabling start of construction of the first UK unit as early as 2028. Holtec intends to deploy 32 SMR-160s (5.1 GW) in serial production by 2050 to bring reliable and affordable electricity and heat to UK households, businesses, and industrial users.

December 19, 2022
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United States Nuclear Industry Council Appoints Todd Abrajano as New President and Chief Executive Officer

December 14, 2022
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USNIC Key Mover Update: Lightbridge Announces Long-Term Strategic Partnership with Idaho National Laboratory

Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, has entered into landmark agreements with Idaho National Laboratory (INL), in collaboration with the U.S. Department of Energy (DOE), to support the development of Lightbridge Fuel™. The framework agreements use an innovative structure and consist of an “umbrella” Strategic Partnership Project Agreement (SPP) and an “umbrella” Cooperative Research and Development Agreement (CRADA), each with Battelle Energy Alliance, LLC (BEA), DOE’s operating contractor for INL, with an initial duration of seven years.

December 12, 2022
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USNIC Key Mover Update: KAIROS POWER SIGNS AGREEMENT TO PRODUCE FUEL FOR HERMES AT LOS ALAMOS NATIONAL LABORATORY

Building on Kairos Power’s long-term collaboration with Los Alamos National Laboratory, the company has signed an agreement to produce TRISO fuel pebbles for the Hermes demonstration reactor at Los Alamos’ Low Enriched Fuel Fabrication Facility (LEFFF) in New Mexico. This synergistic partnership combines Kairos Power’s expertise in fuel manufacturing with the Laboratory’s facilities and capabilities to realize the first nuclear iteration in Kairos Power’s rapid iterative approach to nuclear fuel development.

December 8, 2022
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USNIC Key Mover Update: BWXT Starts Production of TRISO Fuel for First U.S. Generation IV Microreactor

BWX Technologies, Inc. (NYSE: BWXT) today with officials from the U.S. Department of Defense, Department of Energy, NASA and Idaho National Laboratory celebrated the landmark production of TRISO nuclear fuel that will power the first microreactor built and operated in the United States.

December 7, 2022
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USNIC Key Mover Update: X-energy, a Leading Developer of Small Modular Nuclear Reactor and Fuel Technology for Clean Energy Generation, to Go Public via Business Combination with Ares Acquisition Corporation

X Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement.

December 6, 2022
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USNIC Key Mover Update: TerraPraxis Selects Terrestrial Energy Generation IV Nuclear Technology for the Repowering Coal Consortium

Terrestrial Energy, an advanced nuclear technology development company, and TerraPraxis, an organization that innovates, designs, and accelerates scalable, equitable climate solutions, have signed a Letter of Intent (LOI) to cooperate on Repowering Coal. Under development by TerraPraxis, Repowering Coal is a program to standardize and systematize the replacement of coal furnaces at existing coal-fired power plants with high-temperature heat supplied by Generation IV nuclear technology.

November 7, 2022
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USNIC Key Mover Update: TerraPower and PacifiCorp announce efforts to expand NatriumTM technology deployment

TerraPower, a nuclear innovation company, and PacifiCorp, a regulated utility, announced today their undertaking of a joint study to evaluate the feasibility of deploying up to five additional Natrium[1] reactor and integrated energy storage systems in the PacifiCorp service territory by 2035.

October 27, 2022
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USNIC Key Mover Update: BWXT Medical Submits Tc-99m Generator New Drug Application to FDA Copy

BWX Technologies, Inc. (NYSE: BWXT) announced today that subsidiary BWXT Medical Ltd. has submitted a new drug application to the U.S. Food and Drug Administration (FDA) to request approval of its technetium-99m (Tc-99m) generator for diagnostic imaging...

September 13, 2022
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USNIC Key Mover Update: NuScale Power, Habboush Group and ENTRA1 form Strategic Alliance Copy

Alliance establishes a “one-stop-shop” for nuclear power asset development, management, financing, investment, and execution

September 7, 2022
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USNIC Key Mover Update: Dow, X-energy to drive carbon emissions reductions through deployment of advanced small modular nuclear power

Dow (NYSE: DOW), the world’s leading materials science company, and X-energy, a nuclear energy innovation company, today announced that they have signed a letter of intent which will help Dow advance its carbon emissions reduction goals through the development and deployment of X-energy's advanced small modular nuclear technology in the U.S...

August 9, 2022
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USNIC Seeks New President and Chief Executive Officer

August 8, 2022
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USNIC Key Mover Update: Curio and Lightbridge Corporation Sign MOU to Explore Collaboration in the Nuclear Fuel Supply Chain

Curio today announced the signing of a Memorandum of Understanding (MOU) with Lightbridge Corporation (Nasdaq: LTBR) as an industry partner and potential off-taker of products produced through Curio’s TRUfuel™ technology. This collaboration is vital as both Curio and Lightbridge work to develop nuclear technologies that will be key to ushering in the second nuclear era for future generations...

July 20, 2022
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USNIC Key Mover Update: Terrestrial Energy and DL E&C Sign MOU to Drive IMSR Cogeneration Plant Deployment Copy

Terrestrial Energy and DL E&C have signed a Memorandum of Cooperation to cooperate in the development and accelerated deployment of the IMSR cogeneration plant in the industrial sector...

July 19, 2022
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USNIC Key Mover Update: Curio and Energy Northwest Sign MOU as Used Nuclear Fuel Recycling Industry Partners

Curio today announced the signing of a Memorandum of Understanding (MOU) with Energy Northwest as an industry partner and potential off-taker of products produced through Curio's NuCycle™ nuclear waste recycling process. This MOU is part of Curio’s plans to deploy the Nation’s first state-of-the-art commercial nuclear fuel recycling facility that will provide a variety of in-demand commodities and products including domestically produced low-enriched uranium (LEU) nuclear fuel for the current U.S. fleet of nuclear reactors as well as HALEU (high-assay low-enriched uranium) and transuranic based TRUfuel™ for advanced reactors under development...

July 6, 2022
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USNIC Key Mover Update: SaskPower Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor Technology for Deployment in Saskatchewan

The GE Hitachi Nuclear Energy (GEH) BWRX-300 small modular reactor (SMR) has been selected by SaskPower for potential deployment in the mid-2030s...

June 27, 2022
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USNIC Key Mover Update: X-energy Partners with Maryland to Study Coal to Nuclear Replacement Opportunities in State

Maryland-based X-energy and the Maryland Energy Administration (MEA) have teamed up to explore opportunities to create jobs and develop clean, zero-carbon energy within the state of Maryland. MEA has awarded grants to X-energy and Frostburg State University to work together to evaluate the economic viability and social-economic advantages of repurposing a specific Maryland coal-fired electric generating facility with X-energy’s Xe-100, an advanced small modular nuclear reactor. A joint analysis of the findings will be delivered to MEA later this year...

June 14, 2022
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USNIC Key Mover Update: BWXT to Build First Advanced Microreactor in United States

BWX Technologies, Inc. (NYSE: BWXT) will build the first advanced nuclear microreactor in the United States under a contract awarded by the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO). The Project Pele full-scale transportable microreactor prototype will be completed and delivered in 2024 for testing at the Idaho National Laboratory...

June 9, 2022
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USNIC Key Mover Update: GEH SMR Canada and Saskatchewan Industrial and Mining Supplier’s Association to Collaborate in Support of Potential BWRX-300 Deployment

GEH SMR Technologies Canada, Ltd. (GEH SMR Canada) and the Saskatchewan Industrial and Mining Supplier’s Association (SIMSA) have agreed to cooperate to support the potential deployment of the BWRX-300 small modular reactor (SMR) in Saskatchewan...

May 26, 2022
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USNIC Key Mover Update: GSE Solutions Expands TSM Enterprise Platform Adding Tailor-fit Service Modules to Optimize Plant Performance

GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the power industry, today announced expanded services and modules for its leading TSM Enterprise™ platform, with three focus areas for plant performance optimization, real-time component monitoring, and dynamic simulation, along with numerous new support module upgrades...

May 23, 2022
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USNIC Key Mover Update: Orano Signs MOU for Developing Used Nuclear Fuel Dry Storage in Korea

BETHESDA, Md., May 23, 2022 – Orano TN Americas, a subsidiary of Orano NPS, signed a Memorandum of Understanding (MOU) with SeAH Besteel Co., Ltd., and KEPCO E&C on Monday, May 16, to strengthen mutual cooperation with the intent to develop a successful business serving South Korea’s current and future needs for the secure management of used nuclear fuel in dry storage...

May 23, 2022
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