.jpg?ext=.jpg)
South Korea's Doosan Heavy Industries & Construction has agreed to make an additional USD60 million investment in NuScale Power to continue to support deployment of its small modular reactor. Including the latest investment, DHIC and its financial investors have invested more than USD100 million in NuScale. DHIC and NuScale have also agreed to expand cooperation to the field of hydrogen production and desalination using SMRs.
New Nuclear 20 July 2021
Kairos Power is to establish a low-power demonstration reactor at the East Tennessee Technology Park in Oak Ridge, investing USD100 million in a project to demonstrate its capability to deliver low-cost nuclear heat. The Hermes reactor is a scaled version of Kairos Power’s Fluoride Salt-Cooled High Temperature Reactor, an advanced reactor technology that aims to be cost competitive with natural gas in the US electricity market. The Hermes reactor is scheduled to be operational in 2026.
New Nuclear 16 July 2021
General Electric has announced a commitment to achieve net-zero carbon emissions by 2050, following a shareholder vote on an As You Sow resolution on 4 May. This target not only encompasses GE's operations but also includes its 'Scope 3' emissions from customers' use of the products it sells, including power generation equipment, which account for a significant portion of the company’s emissions. Meanwhile GE Hitachi Nuclear Energy has announced the creation of 80 highly skilled jobs in Ontario to support the deployment of BWRX-300 small modular reactors in Canada and around the world.
Corporate 16 July 2021