The venture capital arm of multinational technology company NVIDIA is among investors in the USD650 million capital raise, which TerraPower says will support the first Natrium plant as well as the company’s plans to rapidly deploy additional units in the US and abroad.

Industrias Nucleares do Brasil has signed a contract with the Ministry of Science, Technology and Innovation and the Financing Agency for Studies and Projects for the development and testing of critical technologies applicable to Brazil's planned microreactor.

Maire S.p.A subsidiary Nextchem and France-based innovative reactor developer Newcleo are creating the NextCleo joint venture to develop the conventional island and balance of plant of nuclear power plants based on Newcleo's 200 MW advanced modular reactors.

Four European nuclear technology organisations have launched the Eagles Consortium to develop and commercialise the EAGLES-300 next-generation lead-cooled small modular reactor with the aim of delivering a first demonstration by 2035.

A single NuScale Power Module small modular reactor could yield about 150 million gallons of clean water per day, the company says, with the leftover brine from the desalination process used as industrial feedstock for hydrogen production.

The US Defense Logistics Agency Energy Office has issued Oklo Inc a new Notice of Intent to Award for the development and operation of a licensed microreactor facility at Eielson Air Force Base in Alaska, clearing the way for contract negotiations to begin.

Finnish consulting company TVO Nuclear Services says it has expanded its service portfolio to include the advisory and expert services required for the preparatory and planning stages of small modular reactor projects.

US innovative microreactor developer NuCube Energy has signed a memorandum of understanding with the Utah San Rafael Energy Lab to collaborate on the siting of a test reactor at the laboratory.

Swedish lead-cooled small modular reactor technology developer Blykalla and Norwegian nuclear project developer Norsk Kjernekraft are to launch a joint project company to develop an SMR power plant on the Norwegian Arctic archipelago of Svalbard.