Curtiss-Wright, X-energy team up to advance Xe-100 deployment

September 21, 2022, 9:30AMNuclear News

Curtiss-Wright Corporation and small modular reactor developer X-energy have announced the signing of a preferred strategic supplier agreement to advance the design and deployment of the latter’s Xe-100 SMR.

USNC, Hyundai partner on microreactor procurement and prospects

August 29, 2022, 12:00PMNuclear News
Francesco Venneri (left), USNC CEO, and Hyeon Sung Hong, Hyundai Engineering CEO, at a framework agreement signing for MMR project development and deployment.

Representatives of Ultra Safe Nuclear Corporation (USNC) of Seattle, Wash., and Hyundai Engineering of Seoul, South Korea, traveled last week between USNC project sites in Oak Ridge, Tenn., and Ontario, Canada, to sign two agreements extending their collaboration on the deployment of USNC’s high-temperature, gas-cooled Micro Modular Reactor (MMR). The agreements expand on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June, and follow the closure earlier this month of a previously announced $30 million equity investment after its review by the U.S. Treasury Department’s Committee on Foreign Investment in the United States.

Next for nuclear: Energy arbitrage

August 12, 2022, 3:16PMNuclear NewsMatt Wald
Research being done at INL’s Energy Systems Laboratory is providing information on how nuclear power plants can contribute to effective energy storage and discharge, to aid in arbitrage. (Photo: INL)

Can nuclear power plants prosper in the grid of 2030 or 2035, when new wind and solar farms will make electricity prices even more volatile? Can plants install energy storage that will help them keep running at full power, 24/7, to ride out times of surplus and sell their energy only when prices are high?

U.K. requests input on HTGR potential

August 2, 2021, 9:30AMNuclear News

The U.K. government last week issued a “call for evidence” inviting stakeholders to weigh in on its choice of the high-temperature gas reactor for Britain’s £170 million (about $236 million) advanced modular reactor (AMR) demonstration program. The deadline for input on the government’s selection is September 9.

According to the Department for Business, Energy, and Industrial Strategy, the key objective of the AMR program is to demonstrate high-temperature heat production that can be used for low-carbon hydrogen production, process heat (for industrial and domestic use), and cost-competitive electricity generation in time for an AMR to support the government’s commitment to reduce greenhouse gas emissions to net zero by 2050. The target for enabling an AMR demonstration is the early 2030s.

Micro Modular Reactor reaches Canadian licensing milestone

May 24, 2021, 9:27AMNuclear News
Artist’s rendering of the MMR project. (Image: USNC)

Global First Power’s (GFP) Micro Modular Reactor (MMR) project has moved to the formal license review phase with the Canadian Nuclear Safety Commission (CNSC), becoming the first small modular reactor to do so.