Industry Update—September 2025

Fuse Federal, a subsidiary of Fuse Energy Technologies Corp., has signed a cooperative research and development agreement with Los Alamos National Laboratory to accelerate the development of pulsed power technologies that support the National Nuclear Security Administration’s mission and the commercialization of fusion energy. This partnership combines LANL’s experience in high-energy-density physics, plasma theory, computational modeling, and materials science with Fuse’s expertise in next-generation pulsed power and Z-pinch systems.

The 21st Century Fusion Power—Manhattan Project has been founded to advocate for significant federal funds to advance U.S. fusion energy. The organization’s founder is Lawrence Kadish, a trustee of the Gatestone Institute.

California-based AI-focused energy firm Tam Fortis Solutions has announced plans to develop portable nuclear reactors, from 15 W to 40 kW. The company’s two flagship products are to be a 35- to 40-kW microreactor that can operate for 10 years and a 10- to 15-W palm-sized mini modular power cell that can operate for as long as 18 months.

Paragon Energy Solutions has entered into an agreement with NuScale Power Corp. to supply NuScale with CoreVision Neutron Monitoring System technology and the Highly Integrated Protection System (HIPS). NuScale will incorporate Paragon’s technologies into Entra1 Energy’s power plants, which are based on NuScale’s small modular reactor technology.

Paragon has also signed a memorandum of understanding with Swiss electrification and automation technology developer ABB to collaborate on the development of integrated instrumentation, control, and electrification technologies for the U.S. nuclear power industry.

New Mexico–headquartered TechSource has signed an MOU with Italy-based Terra Innovatum to help accelerate commercialization of Terra Innovatum’s Solo microreactor in the U.S. through supply chain and regulatory advisory support.

Terra Innovatum also signed an MOU with Rock City Admiral Parkway Development. Rock City is a town in Illinois that may host Terra Innovatum’s first deployment of the Solo microreactor.

Ontario Power Generation and Poland’s Orlen Synthos Green Energy have signed a letter of intent to collaborate on a framework for the commercial development and deployment of GE Vernova Hitachi Nuclear Energy’s BWRX-300 SMRs in Poland. According to the agreement, which builds on a previous agreement from 2023, OPG will provide preoperational services to OSGE, including site assessment, project management, and consulting services. It also lays the groundwork for future agreements under which OPG and its subsidiaries could provide OSGE with operator services for SMRs in Poland and other European countries.

Rolls-Royce SMR and the Czech Republic’s ČEZ have signed an agreement on the potential deployment of SMRs near the Temelin nuclear power plant. The Rolls-Royce SMR generates 470 MWe, with consistent baseload generation for at least 60 years. Early works covered in the agreement include regulatory approvals and licensing, an environmental impact assessment and preparatory site work, and detailed planning and regulatory engagement.

On top of this collaboration, Czech Prime Minister Petr Fiala and U.K. Prime Minister Keir Starmer signed an MOU on nuclear energy cooperation, with both countries anticipating future SMR and traditional reactor projects together.

Lithuania’s State Enterprise Ignalina Nuclear Power Plant has signed an MOU to collaborate with France’s Newcleo on assessing the potential role of Newcleo’s small modular lead-cooled fast reactor for Lithuania. Feasibility studies are to be carried out in several nuclear-related areas, including evaluation of integrating SMRs into the country’s energy system, siting evaluations, reprocessing of stocks of used nuclear fuel, potential industrial applications for hydrogen and ammonia production, and creation of local nuclear supply chains.

Norwegian energy developer Ocean-Power and Danish nuclear technology firm Copenhagen Atomics have signed an MOU to jointly study the potential for using the Danish company’s compact thorium-based molten salt reactors to generate electricity and heat in Norway. The strategic collaboration will combine Ocean-Power’s expertise in project development and energy conversion with Copenhagen Atomics’ advanced reactor technology.

BUSINESS DEVELOPMENTS

Floating nuclear plants in focus

The American Bureau of Shipping, Core Power, and Athlos Energy have formed a collaboration to evaluate the potential of deploying floating nuclear power plants (FNPPs) to supply energy for islands, ports, and coastal communities in the Mediterranean Sea. The evaluation will focus on how FNPPs can be used for such applications as providing grid-scale electricity to remote locations, decarbonizing energy production in ports, and generating energy for desalination plants that will provide potable water for drought-affected coastal communities.

France’s Orano, Kazakhstan’s Kazatomprom, and their joint venture known as Katco have announced the full implementation of processing operations at the South Tortkuduk uranium mining site in southern Kazakhstan. The companies spent $190 million and three years developing the uranium processing facility.

Framatome has acquired the remaining stake in the Slovakian company Reaktortest, a nondestructive examination specializer that Framatome created in 1991 as a joint venture with Slovenské Elektrárne. Reaktortest supports Slovenské Elektrárne in its nuclear projects in Slovakia, including performing in-service vessel inspections and quality monitoring during reactor construction.

The London-based Urenco Group has formed a partnership with the Royal Institution (RI) to support RI’s Young Scientist Center, an interactive laboratory for young people, with the goal of boosting the center’s audience to include students from the economically deprived areas of the United Kingdom. The center, located in London and featuring curriculum-linked, hands-on workshops, will now be known as the Urenco Young Science Center.

Germany-headquartered TÜV SÜD announced that it is consolidating the services of its Industry Service Division and Real Estate & Infrastructure Division into a new Industry & Infrastructure Division. The testing, inspection, and certification provider stated that the division consolidation would bundle its global services for the safety, efficiency, and sustainability of plants, infrastructure, and buildings, while allowing the company to better support its worldwide customers.

CONTRACTS

Westinghouse signs multiple deals

Westinghouse has signed a memorandum of understanding with Canada’s Eclipse Automation, a subsidiary of Accenture, that recognizes Eclipse’s potential to provide automation solutions for Westinghouse AP1000 and AP300 projects. The MOU was the latest in a series of several agreements between Westinghouse and Canadian companies to support AP1000 and AP300 projects globally. Previous agreements were signed with Aecon, BWXT Canada, and Seaspan.

Ukraine’s Energoatom has signed new nuclear energy agreements with Westinghouse and Holtec International. The cooperative agreement with Westinghouse to supply nine AP1000 reactors to Ukraine outlines a joint project to produce fuel assemblies in that country. Energoatom’s agreement with Holtec outlines current areas of cooperation between the two companies, as well as their intention to implement joint projects. These projects include the creation of a manufacturing facility in Ukraine for components of Holtec small modular reactors and the use of Holtec technology by Energoatom to manufacture storage containers for spent nuclear fuel.

Citi has signed a partnership agreement with Bulgaria’s Ministry of Energy to facilitate the funding of two new reactors at the country’s Kozloduy nuclear power plant. Citi agreed to serve as the exclusive coordinator and lead arranger of export credit for the new units, Westinghouse AP1000 reactors. Although the amount of financing required for the project was not disclosed, the Ministry of Energy previously stated that it would seek to achieve a price of about $6.5 billion for each unit. The reactors will constitute Citi’s largest nuclear financing project in central-eastern Europe, according to the Ministry of Energy.

NANO Nuclear Energy has signed an MOU with Buenos Aires–based UrAmerica to help the uranium exploration company modernize Argentina’s nuclear fuel supply chain. According to the MOU, both companies will evaluate several opportunities, such as mining, conversion, and uranium hexafluoride feedstock supply, and they plan to pursue favorable uranium offtake agreements, possible investments in mineral production and fuel-cycle infrastructure, and future joint ventures or related collaborations.

British flow control specialist IMI has secured a contract to provide equipment for the Sizewell C nuclear power station under construction in England. This site will feature two European pressurized reactors (EPRs). Sizewell C Units 1 and 2 will be the seventh and eighth EPR units to be outfitted with IMI’s equipment.

Framatome has signed an agreement with the Emirates Nuclear Energy Company to supply nuclear fuel assemblies and engineering services for the Barakah nuclear power plant in the UAE. The supplies will include complete nuclear fuel assemblies, which will be fabricated at Framatome’s manufacturing facility in Richland, Wash. Framatome’s engineering support services for ENEC will be based out of its headquarters in Lynchburg, Va. Barakah has four APR1400 reactors that were built by a consortium led by Korea Electric Power Cooperation, and the fuel assemblies had previously been manufactured in South Korea by Kepco Nuclear Fuel.

Brazil’s Ministry of Mines and Energy and the China General Nuclear Power Group have signed a letter of intent to cooperate on their countries’ energy transition efforts, including the peaceful and sustainable use of nuclear mineral resources in Brazil.

Rosatom and Egypt’s Ministry of Electricity and Renewable Energy have signed an amendment to the intergovernmental agreement between Russia and Egypt on the El Dabaa nuclear power plant. The Rosatom-led El Dabaa project is to be Egypt’s first nuclear power plant, with four VVER-1200 units. Egyptian authorities expect that the plant will generate about 9 percent of the country’s electricity by 2030.

In another agreement signing between Russia and Egypt, the president of Atomstroyexport and the chairman of Egypt’s Nuclear Power Plants Authority have signed a supplementary contract to El Dabaa’s engineering, procurement, and construction contract. Russia and Egypt also cooperated on the construction of a new training center at the El Dabaa site. The center has a production shop, full-scale simulators, and classrooms for theoretical classes and computer training.

Uzbekistan’s Uzatom Atomic Energy Agency, the Hungarian Foreign and Trade Ministry, and Budapest-based energy technology developer MVM EGI have signed an agreement to cooperate on proposed nuclear energy projects in Uzbekistan.

Following the signing of a new agreement, Kiewit Nuclear Solutions, a subsidiary of Kiewit Corp., is officially the lead constructor for Oklo’s first commercial Aurora Powerhouse, which will be built at Idaho National Laboratory. Oklo expects preconstruction activities to launch this year and commercial operations to begin in late 2027 or early 2028.