Industry

Since Texas Tech University and Fermi America made a big splash unveiling their plans for the Advanced Energy and Intelligence Campus in June, news has been quiet.

At the time, the company promised to make the 5,769-acre site in Amarillo, Texas, “the largest nuclear power complex in America.” Now, with the recent signing of a memorandum of understanding and the hiring of two nuclear professionals, Fermi America’s cofounders—former Texas governor and energy secretary Rick Perry and his son, Griffin Perry—are one small step closer to achieving their ambitious goals.

In a flurry of press releases, blog articles, and LinkedIn posts all released August 18, Kairos Power, Google, and the Tennessee Valley Authority announced a new power purchase agreement (PPA) between Kairos and TVA to supply up to 50 MW to the TVA grid, which powers two data centers owned by Google.

This agreement marks a significant milestone: It’s the first time a U.S. utility has entered into a PPA to buy power from a Gen IV reactor.

Here is a recap of industry happenings from the recent past:

ADVANCED REACTORS MARKETPLACE

SMR service center targeted for Ontario

GE Vernova Hitachi Nuclear Energy has announced plans to invest as much as $50 million to establish a Canadian BWRX-300 Engineering and Service Center near Ontario Power Generation’s Darlington New Nuclear Project site. The Ontario government had previously approved the construction of the first of four BWRX-300 small modular reactors at the site. The center will provide engineering and technical services for the long-term operation and maintenance of the future fleet of SMRs in Ontario. It will also serve as a hub for innovation and training, knowledge sharing, supply chain engagement, and workforce development.

The Chicago suburb of Oak Brook, Ill., will be the home of Nano Nuclear Energy’s regional demonstration and office facility to support development of the company’s Kronos micro modular reactor (MMR). The company recently purchased for $3.5 million a 2.75-acre parcel that includes land and a 23,537-square-foot standalone building with a 7,400-square-foot nonnuclear demonstration area.

China has established a state-owned fusion energy company, China Fusion Energy Co. (CFEC), as a subsidiary of the China National Nuclear Corporation with the goal of accelerating the commercialization of fusion energy. According to a report by People’s Daily Online, the new company has a registered capital of 15 billion yuan (about $2.1 billion).

The Nuclear Regulatory Commission has made three recent announcements regarding new developments in the nuclear energy industry:

EnergySolutions has announced that it has been selected for the U.S. Navy’s Radiological Support Services (RADMAC III) multiple-award contract, valued at up to $240 million. EnergySolutions will lead a team that includes Tetra Tech EC and small business partners such as TerranearPMC, along with numerous others, to provide radiological response, investigation, and remediation services to the U.S. Naval Facilities Engineering Command Southwest.

At the end of his July 15 speech at the inaugural Pennsylvania Energy and Innovation Summit, President Trump promised that “a lot more [was] going to be announced in the coming week” for the energy and AI sectors.

In back-to-back press releases, Oklo recently announced two new partnerships that seek to advance the deployment of its commercial power reactors in the data center market.

These partnerships, one with Ohio-based Vertiv Holdings and one with Colorado-based Liberty Energy, continue Oklo’s trend in working to position their Aurora powerhouse as a key part of the energy solution for powering the AI boom.

Hash Hashemian
president@ans.org

I am deeply honored and grateful to have been elected president of the American Nuclear Society. Your support and confidence in me are truly humbling, and I want to extend my heartfelt thanks to each and every one of you.

As president, my top priority is to expedite the deployment of new nuclear reactors, beginning with small modular reactors and eventually progressing to Generation IV systems. I will also work to ensure that the United States keeps its global leadership in this field. For the U.S. to do that, the federal government must maintain and expand its financial support of the nuclear industry by preserving critical incentives, tax provisions, and infrastructure investments.

Following the signing of a new agreement, Kiewit Nuclear Solutions, a subsidiary of Kiewit Corporation, is officially the lead constructor for Oklo’s first commercial Aurora powerhouse, which will be built at Idaho National Laboratory.

A subcontract has been signed with NQA-1 qualified fabricator AvanTech to support TerraPower’s Natrium project in Kemmerer, Wyo. AvanTech will design advanced sodium processing system modules and supporting skids for the Natrium plant as well as fabricate and deliver the test and fill facility’s cold trap skid.

Bellevue, Wash.–based TerraPower has awarded three supplier contracts to U.S. companies to support its Natrium demonstration project, construction of which began in June 2024 in Kemmerer, Wyo. The new contracts represent the fifth round of procurement awards for the Natrium project.

The Utilities Service Alliance and Curio have signed a memorandum of understanding that may lead to future supplier-partner agreements between USA’s utility members and Curio.

Paragon Energy Solutions has signed a memorandum of understanding with Terra Innovatum, a developer of micro-modular nuclear reactors, to support the design and integration of instrumentation and control systems for Terra’s Solo micro-modular reactor. Paragon is a provider of safety-related I&C systems for the nuclear energy community.

Talen Energy Corporation and Amazon have signed an expanded power purchase agreement (PPA) whereby Talen agrees to supply electricity from its Susquehanna nuclear power plant for AI operations and other cloud technologies at Amazon Web Services’ data center campus next to the power plant.

Taking advantage of growing global demand for nuclear decontamination and decommissioning, South Korea’s state-run Korea Hydro & Nuclear Power hopes to enter the U.S. nuclear power plant D&D market next year, according to a report by English news site Pulse (a service of Mael Business News Korea).

Ontario Power Generation has awarded a $450 million execution contract to Candu Energy, an AtkinsRéalis company, for the first of four planned small modular reactors at the Darlington New Nuclear Project in Clarington, Ontario, Canada.

Oklo cofounder and CEO Jacob DeWitte and KHNP CEO Joo-ho Whang following the virtual signing of an MOU. (Source: Oklo)

Oklo announced last week that it hopes to expand development and global deployment of its advanced nuclear technology through a new partnership with Korea Hydro & Nuclear Power.

The memorandum of understanding includes plans for the companies to advance standard design development and global deployment of Oklo’s planned Aurora Powerhouse, a microreactor that would generate 15 MW and be scalable to 50 MWe. Oklo said each unit can operate for 10 years or longer before refueling.

Oklo and KHNP plan to cooperate on early-stage project development, including manufacturability assessments and planning of major equipment, supply chain development for balance-of-plant systems, and constructability assessments and planning.