Panelists in a session at the World Economic Forum Annual Meeting 2025 in Davos acknowledged the challenge of meeting the target of tripling nuclear capacity by 2050 but highlighted progress made with regards to the supply chain and financing in achieving this.
Kazakhstan's national atomic company has announced an updated development strategy for the next 10 years, saying it remains committed to "Value over Volume".
South Korean engineering firm Doosan Enerbility has signed a binding agreement with the International Nuclear Non-proliferation and Cooperation Centre under South Korea's KEPCO International Nuclear Graduate School to cooperate on the expansion of nuclear exports.
The USD525 million acquisition of the Canadian nuclear services company Kinetrics "creates a comprehensive portfolio of end-to-end lifecycle services for customers in the small modular reactor and traditional large-scale nuclear reactor markets".
The company has signed a contract with Kozloduy Nuclear Power Plant to conduct safety analysis for licensing a new nuclear fuel assembly design for Kozloduy unit 6.
TerraPower has awarded the major manufacturing contracts for the first Natrium sodium-cooled fast reactor enclosure system. The company says the contracts "represent a significant milestone in the deployment and commercialisation of America's first advanced reactor".
Romania's Nuclearelectrica has ceremonially signed the engineering, procurement and construction contract for the estimated EUR1.9 billion (USD1.97 billion) refurbishment of Cernavoda unit 1 with a consortium of Korea Hydro & Nuclear Power, AtkinsRealis's Candu Energy, Canadian Commercial Corporation and Ansaldo Nucleare.
Westinghouse Electric Company and Canadian construction company Aecon have announced the signing of two agreements, creating a collaborative framework for the development and deployment of advanced nuclear new-build projects in Canada and around the world.
The more than CAD1 billion (USD700 million) in purchase orders issued by Candu Energy to 350-plus companies this year highlights the strength of the homegrown Candu supply chain which is perfectly suited to a new build of Candu MONARK reactors, according to the company.
Under a memorandum of understanding with Westinghouse, BWXT Canada has the potential to manufacture key AP1000 and AP300 reactor components, including steam generators, reactor vessels, pressure vessels and heat exchangers.