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Nova Fusion Completes RMB 1.2 Billion Pre-A Series Financing

Nova Fusion Energy Technology (Shanghai) Co., Ltd. recently announced the completion of its Pre-A series financing totaling RMB 1.2 billion, comprising both the Pre-A round and Pre-A+ round. The company stated that within 16 months since its establishment, it has completed a RMB 500 million angel round, a RMB 700 million angel+ round, and this round of financing, bringing cumulative fundraising to RMB 2.4 billion with a post-investment valuation exceeding RMB 10 billion. In this round, Meituan Longzhu and Hillhouse Ventures continued their participation, while Lenovo Capital and Guozhong Capital joined as new strategic investors. The company stated that the funds from this round will primarily be used for new device construction, key technology iteration, industrial base preparation, and subsequent fusion energy output verification efforts. Nova Fusion focuses on field-reversed configuration (FRC) small...

2026-08-31

NRC Approves Environmental Assessment for Small Modular Reactor at Texas Industrial Site

The U.S. Nuclear Regulatory Commission (NRC) recently completed the environmental assessment of applications submitted by Long Mott Energy and X-energy, issuing a finding of no significant impact. This conclusion marks a key milestone in the construction permit review process for the advanced reactor project planned for Seadrift, Texas. The project plans to build a 320-megawatt small modular reactor at Dow's industrial manufacturing site in Seadrift to provide electricity and high-temperature industrial steam to the facility. Long Mott Energy is a wholly owned subsidiary of Dow, and the project intends to use X-energy's advanced reactor technology to serve the energy needs of industrial facilities along the Texas Gulf Coast.

2026-08-28

South Korea Launches Standard Design Approval Review for i-SMR

The Nuclear Safety and Security Commission (NSSC) of South Korea is set to initiate a safety review of the standard design approval application for the innovative Small Modular Reactor (i-SMR). This project is part of the small modular reactor research and development program led by the South Korean government. The NSSC stated on August 28 that, at its 13th meeting of 2026 held on August 27, the Korea Institute of Nuclear Safety (KINS) reported on the review plan for the i-SMR standard design approval application. KINS had previously conducted a suitability review of the standard design approval application documents submitted in February of this year and determined that the documents met the conditions for entering the safety review phase, thereby establishing a subsequent review plan. The standard design approval system is designed to...

2026-08-28

Construction Advances for Holtec's SMR-300 Test Facility at Idaho National Laboratory

Holtec International recently announced that construction of its HI-TEST test facility, supporting the SMR-300 small modular reactor, is advancing at Idaho National Laboratory (INL), with manufacturing of key test components and preparation for facility installation already underway. The facility simulates the SMR-300 plant at approximately one-third scale and is designed to quantify reactor design and operational performance margins, providing a test basis for potential future power uprates. Supported by the U.S. Department of Energy (USDOE), the HI-TEST facility's primary mission is to validate SMR-300 design margins under steady-state and transient conditions, offering physical test data for the plant's power generation capacity, resilience, and operability...

2026-08-28

South Korea's Pohang to Build Core Component Factory for Small Modular Reactors

The city of Pohang and North Gyeongsang Province recently signed a memorandum of understanding with Hyundai Heavy Industries Turbomachinery Co., Ltd. to build a large-scale production plant for eco-friendly turbomachinery and core components for small modular reactors (SMRs) at the fourth comprehensive industrial complex in Pohang's Yeongil Bay, with an investment of approximately 100 billion KRW. Under the agreement, Hyundai Heavy Industries Turbomachinery plans to carry out the project between 2026 and 2029, constructing related production facilities on a 101,128-square-meter site within the complex. Upon completion, the project is expected to create approximately 100 new jobs and boost the local manufacturing sector...

2026-08-28

NNSA Administrator Brandon Williams Visits Kairos Power to Review SMR Technology

Kairos Power, a U.S. small modular reactor developer, recently announced that Brandon Williams, Administrator of the National Nuclear Security Administration (NNSA), has visited the company's Manufacturing Development Campus in Albuquerque, New Mexico, to review its readiness for advanced reactor deployment. According to Kairos Power, Williams and his delegation toured the campus's advanced manufacturing, fuel development, molten salt production, modular systems, and large-scale hardware verification facilities. The campus serves as a key base for the company's advancement of fluoride salt-cooled high-temperature reactor technology and also supports the engineering validation and manufacturing capability development required for future reactor deployment.

2026-08-27

Thailand Plans to Include Small Modular Reactors in Power Development Plan, Targeting 9 GW by 2050

Thailand's new draft Power Development Plan (PDP) is expected to be released in September and enter the public consultation phase. All four power supply scenarios under discussion incorporate small modular reactors (SMRs) and large-scale energy storage systems, covering the planning period from 2026 to 2050. According to the draft's vision, Thailand plans to connect its first 300 MW-class small modular reactor to the national power grid by 2037, with nuclear power installed capacity reaching 9,000 MW by 2050. Based on a single-unit capacity of 300 MW, this target is roughly equivalent to approximately 30 reactors of similar scale, though the actual number may be adjusted depending on technology pathways and electricity demand. The main objectives of the new plan include reducing greenhouse...

2026-08-27

South Korean Lawmaker Proposes Designating SMRs as National Strategic Technology

Kim Jung-jae, a lawmaker from South Korea's People Power Party, recently proposed an amendment to the Special Tax Limitation Act, calling for small modular reactors (SMRs) to be included in the category of national strategic technologies, thereby supporting related R&D, talent development, and facility investment through tax credits. Kim believes that SMRs are a next-generation nuclear technology that balances carbon neutrality goals with stable energy supply. As global technological and industrial competition in the SMR market intensifies, South Korea needs to further improve its institutional foundation to promote the development of the related industry. According to the proposal's explanation, the commercialization and export competitiveness of SMRs depend not only on R&D outcomes but also on the facility level of the manufacturing supply chain, workforce capabilities, and international quality standards and certification...

2026-08-26

US NuScale Deploys Nuclear-Specific AI to Advance Small Modular Reactor Projects

NuScale Power Corporation announced on August 25 that it is deploying nuclear-specific artificial intelligence tools to support its engineering and knowledge management efforts, accelerating the development of its advanced small modular reactor projects. The initiative combines NuScale's technical expertise in advanced reactors, Nuclearn's AtomAssist nuclear AI platform, and NPX's experience in nuclear project delivery and AI implementation, aiming to establish specialized tools tailored for nuclear scenarios that help engineering teams retrieve, understand, and apply critical technical information more efficiently. As advanced...

2026-08-26

Sweden's Blykalla applies to build eight lead-cooled SMRs in Tierp

Swedish nuclear engineering company Blykalla submitted an application to the Swedish government on August 25 for approval to build a new nuclear power plant, planning to construct up to eight SEALER-type lead-cooled small modular reactors in the Önterå area of Tierp, Sweden. The project is proposed to be located between Uppsala and Gävle, near the Önterå and Söderfors hydropower stations. Blykalla CEO Jacob Stedman stated that the company surveyed approximately 50 to 70 potential sites across Sweden before finalizing the location, with a focus on finding areas where power could be generated locally and connected directly to the grid. According to the plan, the total installed capacity of the Tierp project is expected to reach up to...

2026-08-25

UK Wylfa SMR project early works package valued at up to £1.1 billion

Great British Energy–Nuclear (GBE-N) has launched market engagement for an early works package, with the proposed scope covering civil engineering, infrastructure, building and mechanical & electrical engineering, and earthworks. According to the prior information notice published on 20 August, the contract is estimated to be worth between £730 million and £1.1 billion. The notice states that the package falls within GBE-N's owner's scope of work, primarily intended to prepare the site for subsequent main construction and support technology partners in installing and commissioning small modular reactor (SMR) technology. Related preparatory activities include planning, permitting, design, and construction. ...

2026-08-24

Gujarat seeks to attract small modular reactor manufacturing projects

On the fifth day of his visit to the United States, Gujarat Chief Minister Bhupendra Patel met with executives from several global companies in New York to advance investment outreach for the Vibrant Gujarat Global Summit 2027. The meetings included Kyndryl, BlackRock, and Holtec International. During the talks with Holtec International, the two sides focused on nuclear technology and manufacturing cooperation. Holtec International primarily provides spent fuel storage and related solutions for nuclear power plants and has already established a precision manufacturing facility in Gujarat to meet growing demand for air-cooled condensers. According to an official statement, the company plans to expand this facility in 2025.

2026-08-23

Port of Long Beach Advances Offshore Small Modular Reactor Project

The Port of Long Beach in California, USA, is advancing an exploratory project for an offshore small modular reactor (SMR) system that could one day provide electricity for port operations, terminal equipment, charging infrastructure, and vessels at berth. If the project ultimately comes to fruition, it could become one of California's first new nuclear power projects in nearly 50 years. The project partner is Bluecore Energy, a startup founded less than a year ago that plans to develop small nuclear reactors deployable on floating barges. The Port of Long Beach has leased the Pier 48 site to the company for technology development and testing. Previously, the Port of Long Beach also...

2026-08-19

TerraPower Plans to Deepen South Korean Supply Chain Cooperation to Advance K-Sodium SMR Business Model

TerraPower CEO Chris Levesque recently stated that South Korea possesses strong nuclear supply chain capabilities, with both a foundation in small modular reactor (SMR) construction and familiarity with the stable power demands of AI data centers, semiconductors, and other industries. TerraPower plans to further strengthen cooperation with South Korean companies in supply chain and project manufacturing. Levesque stated that small modular reactors are not a technology intended to replace traditional large-scale nuclear power plants, but rather a new class of energy solution targeting incremental electricity demand in the AI era. He recently met with TerraPower Chairman Bill...

2026-08-19

The Second Working Meeting of 2026 of the Special Review and Supervision Task Force for the Hainan Changjiang Small Modular Reactor Demonstration Project Convened

To further strengthen the regulatory oversight of the Hainan Changjiang Multi-purpose Modular Small Modular Reactor Science and Technology Demonstration Project (hereinafter referred to as the Small Modular Reactor Demonstration Project), the Nuclear Power Safety Regulatory Department of the Ministry of Ecology and Environment recently organized and convened the Second Working Meeting of 2026 of the Special Review and Supervision Task Force for the Small Modular Reactor Demonstration Project. Representatives from the South China Regional Office of Nuclear and Radiation Safety Supervision, the Nuclear and Radiation Safety Center, the China Machinery Productivity Promotion Center, the operating organization, and the design organization attended the meeting. The meeting focused on dialogue and exchanges regarding unresolved review issues of the Small Modular Reactor Demonstration Project, and reviewed the implementation status of action items from the first task force meeting, the overall project review status, on-site supervision status...

2026-08-18