U.S.-endorsed declaration commits to tripling the world’s nuclear energy capacity by 2050
DUBAI, UNITED ARAB EMIRATES — Statement from American Nuclear Society (ANS) Executive Director and CEO Craig Piercy on the launching of the “Declaration to Triple Nuclear Energy” by the United States and twenty-one other countries during the World Climate Action Summit of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC):
Mount Pinatubo in the Philippines, as it began its cataclysmic eruption in 1991. Millions of tons of particulates were blown into the stratosphere, causing global cooling, similar to what solar geoengineering would do in a controlled way. (Photo: U.S. Geological Survey)
We’re failing to decarbonize the world in any significant way. Global greenhouse gas emissions are still rising and appear on track to continue rising until at least 2040—the result of energizing the developing world.
EC commissioner Kadri Simson (second from left) speaks at a European Small Modular Reactor Partnership event in Bratislava. (Photo: @KadriSimson/X)
The European Commission intends to establish early next year an industrial alliance focused on small modular reactors, EC energy commissioner Kadri Simson announced last week.
At the September 27 signing ceremony for the engineering services contract to build Poland’s first nuclear power plant are, from left, John Howanitz, president of Bechtel’s nuclear, security, and environmental global business unit; Westinghouse president and CEO Patrick Fragman; Polish government plenipotentiary for strategic energy infrastructure Anna Łukaszewska-Trzeciakowska; Polish prime minister Mateusz Morawiecki; U.S. ambassador to Poland Mark Brzezinski; assistant secretary of energy for international affairs Andrew Light; and Polskie Elektrownie Jądrowe president Mateusz Berger. (Photo: Bechtel)
Just one week after inking a consortium agreement to partner on the design and construction of Poland’s first nuclear power plant, Westinghouse Electric Company and Bechtel joined state-owned Polish utility Polskie Elektrownie Jądrowe (PEJ) in Warsaw on Wednesday for the signing of the project’s engineering services contract.
At the Bechtel/Westinghouse consortium agreement signing ceremony at the U.S. embassy in Warsaw, were, from left, U.S. ambassador to Poland Mark Brzezinski; Ahmet Tokpinar, general manager of Bechtel’s nuclear power business line; Elias Gedeon, senior vice president for commercial operations at Westinghouse; Mirosław Kowalik, president of Westinghouse Poland; and Anna Łukaszewska-Trzeciakowska, Poland government plenipotentiary for strategic energy infrastructure. (Photo: Bechtel)
Westinghouse Electric Company and engineering, construction, and project management firm Bechtel on September 20 announced the signing of a consortium agreement to partner on the design and construction of Poland’s first nuclear power plant.
Six companies—NuScale Power, Romania’s nuclear plant operator Nuclearelectrica, E-Infra, Nova Power & Gas, Fluor Enterprises, and Samsung C&T Corporation—signed a memorandum of understanding on June 13 to collaborate on the deployment of NuScale’s VOYGR small modular reactor plants in Central and Eastern Europe, starting with Romania.
A message from Nucleation Capital
Concept image by Adrian Smith + Gordon Gill Architecture LLP.
Nucleation Capital is a new venture fund focused on investing in next-generation nuclear energy and deep decarbonization. We are pleased to introduce ourselves to the broader nuclear community under the ANS theme “Invested in Nuclear.” Investing is always a forward-looking endeavor and, from what seemed to be an uncertain future, we’re delighted to see the industry anticipating substantial new growth and working to support it.
Bolstering this new outlook are important trends that are worth highlighting. We’re all seeing amazing shifts in how nuclear power is discussed. In the last few years, Nuclear has garnered surprise support from Democratic governors seeking to protect existing plants and Republican governors repealing old nuclear bans and vying to get next-gen plants sited in their states. In key pieces of federal climate legislation, nuclear has seen equal treatment under ITCs and PTCs and billions allocated to help save older plants and accelerate commercialization of new plants.
President Biden met with the leaders of Canada, France, Germany, Italy, Japan, and the United Kingdom at the G7 Summit, held May 19–21 in Hiroshima, Japan. (Also pictured are representatives of the European Commission and European Council.)
On the sidelines of the G7 summit in Hiroshima, Japan, over the weekend, the Biden administration and partners Japan, South Korea, and the United Arab Emirates announced a public-private commitment of up to $275 million to support the advancement of NuScale Power’s small modular reactor project in Romania.
A digital rendering of the Dow/X-energy Xe-100 plant in Texas. (Image: X-energy)
Dow and X-energy have announced the location of their Xe-100 small modular reactor deployment project: Dow’s UCC Seadrift Operations manufacturing site in Texas. According to a May 11 joint news release, the SMR plant will provide the Seadrift site with power and heat as the site’s existing energy and steam assets near the end of their operational lives.
From left: Hyundai E&C president and CEO Young-joon Yoon, Holtec president and CEO Kris Singh, South Korean minister of trade, industry and energy Chang-yang Lee, and K-Sure president and chairman Inho Lee. (Photo: Holtec)
Two South Korean financial institutions—the Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM)—have signed pacts with Holtec International and Hyundai Engineering & Construction (a Hyundai Motor Group subsidiary) to provide support to Holtec’s SMR-160 projects around the world, the American firm announced on May 2.
Kris Singh (front left), Holtec International president and chief executive officer, signs the cooperation agreement between Holtec and Ukraine’s Energoatom, alongside other Holtec officials. (Photo: Holtec)
Small modular reactor developer Holtec International and Energoatom, Ukraine’s nuclear plant operator, signed a cooperation agreement last Friday that envisions the construction of up to 20 of the American firm’s SMR-160 units in Ukraine, with grid connection for the pilot project achieved by March 2029. In addition, the agreement calls for building a Ukrainian manufacturing facility to localize the production of equipment required for SMR-160 construction.