The US Department of Energy (DOE) has selected two teams—one led by TerraPower in partnership with GE Hitachi, building a 345 MWe sodium fast reactor with a molten salt energy
Continue readingDOE announces funding for three advanced reactor builds
NuScale Power achieved a major milestone with far-reaching implications, by being the first private company to receive approval from the Nuclear Regulatory Commission for an advanced reactor design. As NuScale’s
Continue readingFirst Advanced Nuclear Design Approved by the NRC
The Nuclear Energy Leadership Act (NELA, S.903) which had 22 bipartisan co-sponsors, was introduced as an amendment to the National Defense Authorization Act for Fiscal Year 2021 (NDAA, S.4049) by
Continue readingUS Senate passes Nuclear Energy Leadership Act but reconciliation remains
The US International Development Finance Corporation has ended a ban on financing nuclear power projects and “will prioritize the support of advanced nuclear technology in emerging and frontier markets,” the
Continue readingUS agency ends ban, will now finance advanced nuclear projects abroad
The DOE’s Office of Nuclear Energy posted an update regarding an NRC milestone. This is the approval of a new approach for the review and licensing of Advanced Reactor designs.
Continue readingNRC Approves New Approach to Streamline Advanced Reactor Licensing Process
Southern Company, a leading utility, is partnering with Bill Gate’s TerraPower to develop a molten chloride fast reactor (MCFR) that uses liquid salts as both a coolant and fuel. Working
Continue readingSouthern Company and TerraPower Prep for Testing on Molten Salt Reactor
Christine King, a member of the Nucleation Capital team, was selected to serve as the director of the Gateway for Accelerated Innovation in Nuclear (GAIN) initiative, effective Feb. 17. As
Continue readingChristine King named Director of Gateway for Accelerated Innovation in Nuclear
Ray Rothrock, the venture capitalist with the most experience backing advanced nuclear ventures, has agreed to serve as an advisor to Nucleation Capital. Ray led Venrock’s investment in Tri Alpha
Continue readingVenerable venture capitalist, Ray Rothrock, backs advanced nuclear ventures
Bill Gates wrote: “I’m thrilled that senators from both sides of the aisle have come together to support advanced nuclear. This is exactly the kind of leadership our country needs
Continue readingN.E.L.A. reintroduced, Bill Gates “thrilled”
S512, the Nuclear Energy Innovation Modernization Act reforming NRC processes to better adapt to Advanced Nuclear, was signed into law on January 14, 2019 with bi-partisan co-sponsors and overwhelming support