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Czech Škoda JS Wins First Polish Nuclear Energy Order, to Invest About CZK 300 Million in Modernizing MARIA Research Reactor

Pilsen-based Škoda JS a.s., part of the Czech ČEZ Group, has recently won its first commercial contract in the Polish market. The company will invest approximately CZK 300 million to carry out a comprehensive modernization of the MARIA research reactor, which belongs to the Polish National Centre for Nuclear Research (NCBJ) and is located in Otwock, near Warsaw. Škoda JS spokesperson Karel Samec confirmed the deal to the Czech News Agency (ČTK), saying the company hopes to use this as an opportunity to further expand into the Polish nuclear power market and to secure a role as a core equipment...

2026-10-12

State Power Investment Corporation and Shanghai Electric Hold a Working Meeting

On September 10, Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of State Power Investment Corporation (SPIC), held a meeting with Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric, and Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric, at SPIC headquarters to exchange views on further deepening strategic cooperation. Jin Xiaolong and Jia Tinggang, Members of the Party Committee and Vice Presidents of Shanghai Electric, and Chen Haibin and Liu Feng, Members of the Party Leadership Group and Vice Presidents of SPIC, attended the meeting. Wu Lei thanked SPIC for its long-term support and introduced Shanghai Electric's industrial development and energy equipment business. Liu Mingsheng expressed gratitude for Shanghai Electric's continued support and introduced SPIC's production and operations, scientific and technological innovation, and other aspects. The two sides focused on serv...

2026-09-11

Adjustment of External Directors at SPIC and Dongfang Electric

Upon study, Wang Wei, Ning Fushun, Wang Sen, and Lü Zhiren are appointed as external directors of State Power Investment Corporation Limited, while Liu Deheng and Nie Xiaofu no longer serve as external directors of State Power Investment Corporation Limited. Upon study, Li Baoqing, Gai Zhaoju, and Sheng Genghong are appointed as external directors of China Dongfang Electric Group Co., Ltd., while Huang Yongda, Zhang Cheng, and Su Wensheng no longer serve as external directors of China Dongfang Electric Group Co., Ltd. China Dongfang Electric Group Co., Ltd....

2026-10-09

Germany Launches Fusion Milestone Program: Plans to Invest €2.5 Billion to Support Fusion Companies Toward Commercialization

On October 7, 2026, the German Federal Agency for Breakthrough Innovation (SPRIND), on behalf of the German Federal Ministry of Research, Technology and Space (BMFTR), officially launched the Fusion Milestone Program. The program is an important component of Germany's High-Tech Agenda (HTAD), aiming to promote fusion startups and young companies from technology R&D toward demonstration power plant construction through funding support linked to technological progress and commercialization outcomes, further shortening the distance from laboratory research to commercial application of nuclear fusion. According to the program arrangements, the German government will provide funding support through the Special Fund for Infrastructure and Climate Neutrality (SVIK), with plans to invest...

2026-10-09

Romania's National Nuclear Power Company Plans to Borrow EUR 800 Million from the European Investment Bank: Full Speed Ahead on the Refurbishment of Cernavodă NPP Unit 1

Romania's National Nuclear Power Company (Nuclearelectrica) recently submitted a disclosure to the Bucharest Stock Exchange (BVB), announcing plans to obtain a long-term loan totaling EUR 800 million from the European Investment Bank (BEI), earmarked to finance the Unit 1 Refurbishment and modernization project at the Cernavodă NPP. This major external financing plan has been placed on the agenda and will be formally submitted to shareholders for approval and deliberation at an extraordinary general meeting to be held from October 29 to 30, 2026. The European Investment Bank's Board of Directors had previously formally approved on July 15, 2026, an EUR 800 million credit facility for the project, which is...

2026-10-08

Indiana Launches "Nuclear Ready Communities Program" Applications: Promoting Clean Nuclear Energy Investment to Empower High-Tech Industry Development

Indiana Governor Mike Braun officially announced on Tuesday local time the opening of the application channel for the state's Nuclear Ready Communities Program. The policy aims to guide and assist local municipalities across the Hoosier State in establishing readiness mechanisms to accept advanced clean energy investment, attracting large nuclear power developers to locate there through upfront assessment and certification. Indiana officials position civilian nuclear energy as a core engine for driving future high-tech industry investment, building a resilient power grid, and providing local communities with low-cost, highly reliable electricity. As data centers...

2026-10-07

US and South Korea Advance $120 Billion Nuclear Power Investment Plan: First Batch of 8 Large Units' Sites Locked in Ohio and Three Other States

The joint US-South Korea strategic investment nuclear power project in the United States has achieved a key breakthrough. According to the latest disclosed information, the site selection for 8 large nuclear power units planned to be built on US soil has begun to take shape, with the project to be located in Ohio, Tennessee, South Carolina, and Kentucky. This is the first official disclosure of the proposed states since the announcement of this hundred-billion-dollar-scale nuclear energy investment plan. US Secretary of Commerce Howard Lutnick, during a recent US-South Korea strategic investment announcement event, systematically presented this massive nuclear power engineering blueprint to the public. Lutnick...

2026-10-02

Amazon Signs Long-Term Power Purchase Agreement to Support $3 Billion Investment: Calvert Cliffs Nuclear Power Plant Plans 190 MW Power Uprate and License Renewal Application

Constellation Energy and tech giant Amazon officially announced on September 30 the signing of a long-term Power Purchase Agreement (PPA). The agreement will fully support a major infrastructure upgrade investment exceeding $3 billion at the Calvert Cliffs Nuclear Power Plant in Maryland, with the core plan including a total 190 MW power uprate for two operating Pressurized Water Reactor (PWR) units. This 20-year PPA locks in a 690 MW power supply allocation, of which...

2026-10-03

The first concrete pouring for the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project was successfully completed.

The first concrete pouring for the nuclear island of Unit 2 of SPIC Guangxi Bailong Nuclear Power Project was completed at 16:07 on September 30, after 69 hours and 40 minutes of continuous work. A total of 6,732.5 cubic meters of concrete was used for this pouring, marking another important milestone for the project after the FCD achievement for the nuclear island of Unit 1. Phase I of the Bailong Nuclear Power Project plans to build two CAP1000 nuclear power units. These two units adopt independently designed and domestically manufactured Generation III passive nuclear power technology, with each unit having a capacity of up to 1.25 million kilowatts. At present, Unit 1 has entered the construction and installation stage, and the steel containment vessel bottom head, CA20, CV1R, CA01...

2026-09-30

SPIC Holds Mobilization and Deployment Meeting on Further Deepening Reform

On September 29, SPIC held a mobilization and deployment meeting on further deepening reform in Beijing, to thoroughly study and implement General Secretary Xi Jinping's important expositions on the reform and development of state-owned enterprises and Party building, fully implement the decisions and arrangements of the CPC Central Committee and the State Council as well as a series of work requirements of the State-owned Assets Supervision and Administration Commission of the State Council, unify thinking, clarify tasks, and consolidate responsibilities, solidly advance the Group's new round of reform breakthroughs, and empower high-quality corporate development through reform. Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of the Group, attended the meeting and delivered a speech; Tian Yongzhong, Director and Deputy Secretary of the Party Leadership Group, attended the meeting; Liu Feng, Member of the Party Leadership Group and Vice President, presided over the meeting; Group leaders Chen Haibin, Gao Boyu, and Yan Hang attended the meeting. The meeting pointed out...

2026-09-30

SPIC Holds a Symposium for Non-Party Representative Figures

On September 29, SPIC held a symposium for non-Party representative figures to thoroughly study and implement General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era and the spirit of his important speech at the symposium with non-Party figures, to solidly advance the implementation of the decisions and arrangements of the CPC Central Committee on united front work and the relevant work requirements of the Party Committee of SASAC, and to contribute SPIC's strength to the advancement of Chinese modernization. Liu Mingsheng, Secretary of the Leading Party Members Group and Chairman of SPIC, attended the meeting and delivered a speech. Tian Yongzhong, Director and Deputy Secretary of the Leading Party Members Group, presided over the meeting. The meeting pointed out that General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era provides the fundamental guideline for doing a good job in united front work on the new journey in the new era and for giving full play to the powerful magic weapon role of the united front.

2026-10-01

Saskatchewan, Canada Releases Long-Term Nuclear Energy Strategy: Plans to Build 2,600 MW of Nuclear Power by 2050

Scott Moe, Premier of Saskatchewan, Canada, officially announced the province's long-term nuclear energy development plan in Saskatoon on September 29, establishing a strategic goal of building at least 2,600 megawatts (MW) of nuclear power capacity by 2050. Moe emphasized that nuclear energy is not only a zero-carbon clean baseload power source, but also a "nation-building opportunity" that empowers economic growth for generations, will create high-end jobs across the province, attract multinational capital, and ensure long-term electricity stability for households and industry. According to the plan, four core pillars have been established: 1. Build a highly resilient power foundation supporting long-term economic growth: Rely on non-intermittent zero-carbon nuclear energy to address the electricity load gap brought about by society-wide electrification...

2026-09-30

Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project starts construction

At 18:27 on September 27, the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Nuclear Power Bailong Nuclear Power Project began its first concrete pour (FCD), marking that Phase I of the Bailong Nuclear Power Project has shifted from single-unit construction to a new stage of comprehensive dual-unit construction. The FCD for Unit 2 of the Bailong Nuclear Power Project adopted a single-side pushing continuous one-time integral pouring method, with approximately 6,637 cubic meters of concrete planned to be poured over approximately 58 hours. In view of the multiple overlapping construction difficulties such as the large bottom slab size, irregular shape, and high difficulty of temperature control and curing, the project team prepared a special construction plan in advance and implemented all-round safeguard measures. The single-side pushing pouring path and process parameters were optimized, and the owner, supervisor and general contractor exercised full-process on-site supervision and control

2026-09-28

Hangyang Share and Hangzhou Turbine Technology Jointly Invest in Startorus Fusion to Accelerate the Commercialization of Multi-Stroke Magnetic Reconnection Fusion

Two domestic high-end manufacturing listed companies, Hangyang Share (002430.SZ) and Hangzhou Turbine Technology (300277.SZ), have issued a joint investment announcement, declaring their joint capital contribution to acquire equity in commercial nuclear fusion innovation enterprise Shanghai Startorus Fusion Technology Co., Ltd. (Startorus Fusion). According to the investment agreement, Hangyang Share and Hangzhou Turbine Technology will each contribute RMB 50 million, each acquiring a 0.66% equity stake in Startorus Fusion; the remaining investors will jointly contribute RMB 720 million, collectively subscribing to a 9.45% equity stake. This capital injection further boosts capital attention on the domestic commercial controlled nuclear fusion industry. Startorus Fusion was established in 2021...

2026-09-24

Kairos Power Secures $100 Million Investment from Samsung to Build Nuclear Reactors for Google

Recently, Kairos Power received a $100 million investment from Samsung C&T to build nuclear reactors for Google. Samsung C&T Engineering will participate in the construction of Kairos Power's 50-megawatt demonstration reactor, which is planned for completion by 2030. As part of the deal, Samsung C&T will make an equity investment in Kairos Power and provide in-kind engineering services, with the combined value reaching up to $100 million. Kairos Power stated that the equity investment will account for $70 million of the total investment. Samsung C&T has participated in or helped build approximately a dozen nuclear reactors worldwide, possessing extensive...

2026-09-23