Constellation Energy’s earnings skyrocket as investors eye AI

May 13, 2024, 9:30AMANS Nuclear Cafe

Investor’s Business Daily reported May 10 that the first-quarter earnings of Constellation Energy, the largest operator of nuclear power plants in the United States, surged 858 percent to reach a share price of $2.78, partly as a result of promising expectations regarding demand for artificial intelligence data centers. The S&P 500 stock value of Constellation jumped 3.7 percent on May 8 to $208.

GE Hitachi forming supplier group for BWRX-300 SMR

May 13, 2024, 7:00AMNuclear News
GE Vernova’s priority regions for SMR growth, with projected gigawatt demands in 2035 and 2050 for the United States, Canada, the United Kingdom, and European Union. (Source: GE Vernova)

GE Hitachi Nuclear Energy (GEH)—the nuclear business unit of Massachusetts-based GE Vernova in partnership with Japan’s Hitachi—has announced that it is forming a group of qualified supply chain companies to advance the manufacture, commercialization, and international deployment of its BWRX-300 small modular reactor. The company stated that it is forming the group to help ensure “a reliable, cost-effective and innovative” process for getting its SMR commercialized and deployed around the world.

U.S. nuclear capacity factors: Ideal for data centers?

May 10, 2024, 3:00PMNuclear NewsSusan Gallier

Baseload nuclear generation doesn’t get the respect it deserves, if you ask nuclear operators. But the hyperscale data centers that process our digital lives—like the one right next to the Susquehanna plant in northeastern Pennsylvania—are pushing electricity demand up. Clean, reliable capacity now looks a lot more valuable.

Urenco awarded $245M to build U.K. HALEU facility

May 10, 2024, 7:01AMNuclear News
The Capenhurst site in Cheshire, England. (Photo: Urenco)

The U.K. government this week announced a $245 million (£196 million) award to help Urenco build Europe’s first advanced reactor fuel manufacturing plant, which will be located in northwest England at the company’s Capenhurst site. Urenco, which is part-owned by the U.K. government, will cofund the project.

Terrestrial Energy, Schneider partner on molten salt reactor

May 8, 2024, 12:00PMNuclear News
Representatives of Terrestrial Energy and Schneider Electric at the MOU signing ceremony. (Source: Terrestrial Energy)

Terrestrial Energy and Schneider Electric are teaming to deploy Terrestrial Energy's integral molten salt reactor (IMSR) to provide zero-emission power to industrial facilities and large data centers.

The companies signed a memorandum of understanding in April to jointly develop commercial opportunities with high-energy users looking for reliable, affordable, and zero-carbon baseload supply. Terrestrial Energy said that working with Schneider “offers solutions to the major energy challenges faced by data center operators and many heavy industries operating a wide range of industrial processes such as hydrogen, ammonia, aluminum, and steel production.”

Framatome begins expansion of facilities in Virginia

April 29, 2024, 7:00AMNuclear News
Concept art of Framatome's expansion of its Mill Ridge Road facility in Lynchburg, Va. (Image: Framatome)

An official groundbreaking last week at Framatome’s Mill Ridge Road facility, in Lynchburg, Va., marks the start of a $50 million expansion and an eventual addition of 500 employees, according to the nuclear company.

55th annual Nuclear News Buyers Guide now available

April 23, 2024, 12:00PMANS Nuclear Cafe

For American Nuclear Society members and Nuclear News subscribers, the 2024 Buyers Guide is now available in the ANS Digital Nuclear Library. The print version will be mailed along with the May “Capacity Factors/Nuclear Security” issue of Nuclear News magazine.

The corresponding ANS online Buyers Guide database is available year-round to all readers—updated with the latest products, services, and suppliers contact information for more than 600 nuclear-related companies.

BWXT announces nuclear manufacturing plant expansion

April 19, 2024, 9:30AMNuclear News

BWX Technologies announced today plans to expand and add advanced manufacturing equipment to its manufacturing plant in Cambridge, Ontario, Canada.

A $36.3 million USD ($50M CAD) expansion will increase the plant’s size by 25 percent—to 280,000 square feet—and another $21.7 million USD ($30M CAD) will be spent on new equipment to increase and accelerate its output of large nuclear components. The investment will increase capacity and create more than 200 long-term jobs for skilled workers, engineers, and support staff, according to the company.

Framatome signs contracts with Sizewell C

April 18, 2024, 3:02PMNuclear News
A computer-generated rendering of the Sizewell site on the Suffolk coast. Sizewell A and B are to the left and center (respectively) in this image; the section to the right is the Sizewell C area. (Image: EDF Energy)

French nuclear developer Framatome is slated to deliver key equipment for Sizewell C Ltd.’s two large reactors planned for the United Kingdom’s Suffolk coast.

The agreement, reportedly worth multiple billions of euros, was announced this week and will involve Framatome from the design phase until commissioning. The company also agreed to a long-term fuel supply deal. Framatome is 80.5 percent owned by France’s EDF and 19.5 percent owned by Mitsubishi Heavy Industries.

The case for nuclear energy in Kazakhstan

April 5, 2024, 3:01PMNuclear NewsErlan Batyrbekov

As the world shifts toward clean and sustainable energy, Kazakhstan stands on the cusp of a significant move into nuclear energy. Kazakh president Kassym-Jomart Tokayev has suggested a national referendum to gauge the country’s position on building a nuclear power plant, setting the stage for an in-depth discussion about the nation’s energy trajectory.

U.K. nuclear funding awarded to X-energy, Cavendish

April 5, 2024, 9:30AMNuclear News

X-energy UK Holdings and Cavendish Nuclear together received a government award of £3.34 million ($4.23 million) for further development of advanced modular reactors. The award, which was announced earlier this week, is from the U.K. government’s Future Nuclear Enabling Fund.

From the pages of Nuclear News: Industry Update April 2024

April 4, 2024, 12:00PMNuclear News

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


INL completes NANO reactor design review

Idaho National Laboratory has completed its preconceptual design review of NANO Nuclear Energy’s ODIN low-pressure-coolant microreactor. INL and NANO signed a strategic partnership agreement in April 2023, after which a review panel of laboratory engineers and scientists examined the design and provided its recommendations to NANO. The company added that INL is expected to perform a similar design review of its ZEUS solid--core battery microreactor.

General Atomics, UAE sign memorandum of understanding

March 25, 2024, 3:09PMNuclear News
Scott Forney (left), president of General Atomics Electromagnetic Systems and Mohamed Al Hammadi, managing director and CEO of ENEC. (Photo: General Atomics)

General Atomics announced last week that it will work with the Emirates Nuclear Energy Corporation to help find opportunities to support the United Arab Emirates.

Representatives from both companies signed a memorandum of understanding at the CERAWeek conference in Houston, Texas. The ENEC will work closest with General Atomics’ GA-EMS team, which develops new technologies and aims to deliver breakthrough solutions supporting environments from undersea to space.

Notes from Poland

March 25, 2024, 9:32AMNuclear NewsWojciech Jerzy Głuszewski
Aerial photo of Warsaw city center in Poland.

The development of nuclear power is one of the pillars of Poland’s energy transition, which involves construction of safe and modern Generation III+ pressurized water reactors.

Polskie Elektrownie Ja˛drowe (PEJ) is the company responsible for, among other things, preparing the investment process for the construction of the first Polish nuclear power plant with a capacity of up to 3,750 MWe. PEJ’s goal is to build six nuclear reactors (for a total capacity of 6–9 GWe), securing 25 percent of the electricity needed in Poland by 2043 and guaranteeing a stable supply of clean energy to millions of homes across the country.

Revitalization of nuclear energy policy for green transformation in Japan

March 22, 2024, 2:59PMNuclear NewsAkira Yamaguchi

The revitalization of nuclear energy policy in Japan began on August 24, 2022, with Prime Minister Kishida’s address at the second Green Transformation (GX) Executive Meeting. He said, “It is urgent to resolve the present deadlock in energy policy; in order to overcome the current crisis in power supply and demand . . . we will take all possible measures to prepare for unforeseen circumstances. In particular, regarding nuclear power plants (NPPs), the government will take all possible measures to restart the suspended NPPs already licensed for operation.” Kishida emphasized that nuclear power is an indispensable decarbonized energy source for the advancement of the green transformation. The cabinet in February 2023 approved the Basic Policy for the Realization of GX (hereinafter referred to as the GX Basic Policy).

EnergySolutions buys Cabrera; eyes work in Asia

March 21, 2024, 7:01AMNuclear News

Utah-based waste management company EnergySolutions is expanding its operations in the United States and Asia, announcing last week that it had acquired Cabrera Services, a U.S. provider of environmental and radiological remediation services. It also signed a memorandum of understanding with Germany’s GNS Gesellschaft für Nuklear-Service to provide services to the Asian nuclear market.