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CPS Energy increases share in South Texas Nuclear Project
15 May, 2024
CPS Energy has entered into an agreement to acquire an additional 2% ownership of the South Texas Nuclear Project (STP) from US Constellation, bringing CPS Energy’s ownership of STP to 42%. Constellation’s ownership will be reduced to 42%, and Austin Energy’s ownership will remain at 16% following the transaction. CPS Energy also entered into a long-term Purchase Power Agreement (PPA) with Constellation for an additional 200 MW of firm capacity that will be available for CPS Energy customers by the summer.
France awards grants for research and development of molten salt reactors
27 March, 2024
Two nuclear start-ups, Stellaria and Thorizon, each in consortium with Orano, have been selected by the French government to receive funding through the France 2030 national investment plan to develop molten salt reactors. Each consortium has been awarded a €10m ($10,8m) grant. The two projects are the result of a collaboration of several months bringing together these three companies with the aim of developing a European molten salt reactor (MSR) sector.
Tractebel partners with Thorizon on molten salt reactor
28 February, 2024
Netherlands-based start-up, Thorizon, and Belgium-based engineering and consulting company Tractebel (part of France’s Engie) have signed a strategic three-year partnership to advance Thorizon’ molten salt reactor design. Tractebel will provide engineering services for the Thorizon One molten salt reactor, including support on the conceptual design, computational modelling, cost estimates and design reviews.
NAAREA and Thorizon to partner on molten salt reactors
14 February, 2024
France-based NAAREA (Nuclear Abundant Affordable Resourceful Energy for All) and Netherlands-based Thorizon have signed a strategic partnership agreement to advance the development of molten salt reactors in Europe. The partnership aims to create the best conditions to: