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South Korean investment in X-energy

South Korean investment in X-energy

X-energy of the USA - developer of the Xe-100 high temperature gas-cooled small modular reactor as well as TRISO advanced nuclear fuel - has announced a strategic investment of USD25 million from South Korea's DL E&C and Doosan Enerbility.

New Nuclear 17 January 2023

Further cost refinements announced for first US SMR plant

Further cost refinements announced for first US SMR plant

The approval of a new budgetary plan and an updated agreement on cost reimbursements for the USA's first power plant based on NuScale's small modular reactor technology is a key milestone for the Carbon Free Power Project, the company said.

New Nuclear 09 January 2023

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UK government opens bidding for nuclear fuel fund

UK government opens bidding for nuclear fuel fund

The UK government has begun accepting bids for up to GBP50 million (USD60 million) funding for projects it hopes will "stimulate a diverse and resilient nuclear fuel market" in the country.

Uranium & Fuel 02 January 2023

Romanian government adopts draft law on Cernavoda 3 and 4

Romanian government adopts draft law on Cernavoda 3 and 4

The draft law submitted to Romania's parliament covers a state support agreement with Nuclearelectrica relating to the estimated EUR7 billion (USD7.4 billion) project to complete two units at Cernavoda, where the country's existing two reactors are located.

New Nuclear 21 December 2022

Holtec to reapply for funding to restart Palisades

Holtec to reapply for funding to restart Palisades

Holtec International has announced its intention to reapply for federal funding to allow it to restart the Palisades nuclear power plant in Michigan, which closed down in May after more than 50 years in operation. An application earlier this year was unsuccessful.

Corporate 20 December 2022

Three-year extension agreed to Hinkley Point C contract

Three-year extension agreed to Hinkley Point C contract

EDF, China General Nuclear and the UK government have agreed a three-year extension to the contract for difference for the Hinkley Point C nuclear power plant under construction in Somerset, England. While the 'long-stop date' has now been moved to November 2036, EDF maintains the plant's start-up schedule remains unchanged.

New Nuclear 02 December 2022

Court dismisses Austrian lawsuit against Paks II

Court dismisses Austrian lawsuit against Paks II

The European General Court has dismissed a case brought by the Austrian government to annul the European Commission's decision to approve state aid for the Paks II nuclear power plant in Hungary.

New Nuclear 01 December 2022

UK government takes 50% stake, confirms backing for Sizewell C

UK government takes 50% stake, confirms backing for Sizewell C

The UK is to invest GBP679 million (USD815 million) and become a 50% partner with EDF in the Sizewell C nuclear project. The money "allows for China General Nuclear's exit from the project, including buy-out costs, any tax due and commercial arrangements".

New Nuclear 29 November 2022

Federal funding for Diablo Canyon but not for Palisades

Federal funding for Diablo Canyon but not for Palisades

The Diablo Canyon nuclear power plant has been selected by the US Department of Energy to receive credits worth up to USD1.1 billion to enable the two-unit plant to remain in operation. But Holtec International's application for federal funding to allow it to restart the Palisades nuclear power plant has been unsuccessful.

Corporate 21 November 2022

Funding to bolster fire safety at Chernobyl

Funding to bolster fire safety at Chernobyl

The international community is to provide up to EUR1.1 million (USD1.1 million) for the procurement of essential fire safety equipment at the Chernobyl exclusion zone in Ukraine. The Russian military occupation of the area led to the destruction or looting of specialised firefighting and forestry equipment.

Regulation & Safety 15 November 2022