Company news - Page 4
Stay up to date with the latest Company news updates from the global nuclear engineering international industry
EDF establishes Nuward subsidiary to boost SMR development
EDF says the creation of is new Nuward subsidiary emphasises EDF’s willingness to strengthen the development of its Nuward Small Modular Reactor (SMR). The aim is to achieve first...
ARC Clean Technology signs agreement on deployment of SMRs in Alberta
ARC Clean Technology Canada (ARC) has signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) for co-operation in the commercialisation in Alberta of...
Urenco ends its support for U-Battery advanced reactor
Urenco says it is withdrawing its support for the U-Battery advanced modular reactor (AMR) project "having exhausted its attempts to secure the commitment of new commercial...
Newcleo launches equity raise of up to €1bn to fund reactor development
UK-based start-up nuclear technology company newcleo has launched an equity raise of up to €1bn ($1.07bn) to fund the further development of its lead-cooled fast nuclear reactor...
Vistra acquires Energy Harbor's nuclear and retail businesses
US power company Vistra has finalised an agreement to acquire Energy Harbor Corp, which will merge into a newly-formed subsidiary of Vistra – Vistra Vision. This will combine...
Rolls-Royce SMR faces financial problems
UK-based Rolls-Royce SMR says its £500m ($600m) small modular reactor (SMR) programme will run out of cash by the end of 2024, Reuters has reported. Alastair Evans, Government &...
Westinghouse begins joint licensing process for microreactor in US and Canada
Westinghouse Electric Company has filed a Notice of Intent to submit key licensing reports for its eVinci microreactor to the US Nuclear Regulatory Commission (NRC) and the...
Record losses for EDF
Newly appointed EDF CEO Luc Remont announced a record net loss of €17.9bn euros ($19bn) in 2022, but pledged to put the company back on track. Électricité de France (EDF) posted a...
Rosatom’s Likhachev on Russia’s nuclear future
Despite the difficult economic situation and sanctions, Rosatom's exports will grow by about 15% by the end of the year compared with 2021, Rosatom Director General Alexei Likhachev...
ČEZ completes takeover of Škoda
Czech energy group ČEZ has become the 100% owner of Škoda JS, which previously belonged to Russian engineering group OMZ, controlled by Gazprombank. With the purchase, ČEZ said it...
IAEA to play key role at COP27
From 7 to 18 November 2022 the International Atomic Energy Agency (IAEA) Atoms4Climate pavilion at the 2022 UN Conference of the Parties to the United Nations Framework Convention...
Akkuyu NPP retains legal services to help with construction company dispute
Turkish company Akkuyu Nükleer Genel Merkezi, in which Russia’s Rosatom has a 99.2% share, is to purchase legal services from AB Rybalkin, Gortsunyan, Dyakin & Partners. The notice of...
Westinghouse tries to exclude South Korea from Poland’s NPP project
Westinghouse Electric Co has filed a lawsuit against Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) in federal court to block them from selling reactors to Poland.
Holtec completes design of HI-HEAT district heating system
Holtec International has completed the design and computer simulation phases for its HI-HEAT district heating system, which has been underway since May 2020. The system design is...
Brookfield says nuclear is a clean, safe and mature source of power
Canada-based global asset management company Brookfield has released a White Paper titled “A New Dawn for Nuclear Power”. It says the worldwide drive to net zero “is shining a...
Energoatom to establish network of electric charging stations
Ukraine’s Cabinet of Ministers have adopted the ordinance "On the establishment of a network of high-speed vehicle electric charging stations by SE NNEGC Energoatom". According to...
New Director General for ITER
The ITER Council have appointed Dr Pietro Barabaschi as the new Director-General of the ITER Organisation following the death of former Director-General Bernard Bigot in May 2022....
US Centrus secures $320 million in new sales
US Centrus Energy Corp has announced it has secured new nuclear fuel sales contracts and commitments with an estimated value of approximately $320 million in the last 12 months...
Urenco ramps up net zero targets
Uranium enrichment company Urenco has dramatically accelerated its net zero roadmap with a pledge to hit net zero for scope 1 and 2 emissions by 2030. This is a full decade ahead of...
