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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

Russia Deepens Nuclear Power Plant Construction Cooperation in Asia and Africa in 2025

Rosatom recently released a report stating that in 2025, the company made progress in cooperation on the construction of large and small nuclear power plants in Asia and Africa, further consolidating its position as a global technology partner. The report noted that by the end of 2025, Rosatom's offerings to partner countries had expanded beyond the energy sector to encompass more comprehensive technological cooperation. Key achievements include advancing cooperation on large nuclear power plants and small modular reactor projects in Central Asia, Africa, and Southeast Asia, as well as expanding exports of non-energy products. In the non-energy sector, the report mentioned that Rosatom has opened an additive manufacturing center in Belarus and plans to...

2026-08-30

South Korean survey shows 80% of respondents support including new nuclear power plants in power planning

An energy public perception survey released by the Korea Energy Information Culture Foundation on August 28 showed that 82.9% of respondents believed it is necessary to include plans for new nuclear power plants in the 12th Basic Plan for Electricity Supply and Demand currently being formulated, in response to future growth in electricity demand. The survey was commissioned by the Korea Energy Information Culture Foundation and conducted by Korea Research International via telephone interviews from June 12 to 15, targeting 2,000 adults aged 18 and above. The response rate was 10.0%, with a sampling error of...

2026-08-30

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

Multiple African countries push nuclear power projects from planning to financing and construction

According to the nuclear energy special report in the recently released "Nuclear Industry Insights, Fourth Quarter 2026," more than a dozen African countries are attempting to advance nuclear power from policy concepts to financeable, constructible project stages. The report notes that rising demand for reliable, low-carbon baseload power is an important backdrop for nuclear energy's return to Africa's energy strategy discussions. Currently, two of Africa's more advanced nuclear projects have reached new milestones. The reactor pressure vessel for Unit 2 of Egypt's El Dabaa Nuclear Power Plant was installed on July 9, 2026. Previously, Unit 1 completed a similar installation in November 2025. El Dabaa is Egypt's first nuclear power plant, planned with 4 units and a total installed capacity of 4...

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

Sweden's Oskarshamn New Nuclear Project Applies for State Aid

NuCore Energi AB, a project company under Fortum, has submitted a state aid application to the Swedish government to initiate consultations on the framework and conditions for a new nuclear power project in Oskarshamn municipality. The project is planned to proceed near the existing Oskarshamn Nuclear Power Plant, with options covering small modular reactors (SMRs) and large reactors, with a total installed capacity expected to range between 1,200 MW and 3,400 MW. NuCore Energi submitted the state aid application on August 27, 2026. In the photo, from left to right: NuCore Energi CEO Laurent Leveugle and Minister Niklas Wykman. Fortum...

2026-08-28

Egyptian Minister of Electricity Inspects Small Modular Reactor Technology in Russia

On August 27, 2026, Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat visited a small nuclear reactor manufacturing and assembly plant operated by Rosatom during an official visit to Russia. The inspection focused on the latest advancements in small modular reactor-related technologies, industrial application status, and potential cooperation opportunities between the two sides. The Egyptian side stated that such visits align with the country's direction of diversifying energy sources and enhancing the security and sustainability of electricity supply. During the visit, Esmat was briefed on the manufacturing and assembly processes of small reactor components, as well as related safety systems...

2026-08-28

India's Draft Nuclear Regulations May Affect Foreign Reactor Technology Introduction

A draft nuclear regulatory framework in India could introduce new uncertainty to its nuclear power expansion plans. Multiple industry insiders and legal experts believe that the draft's additional approval requirements for imported reactors may push companies toward domestic technology and delay the entry of foreign capital and advanced reactor technology into the Indian market. India passed a new nuclear energy law last year, allowing private enterprises to enter the nuclear power sector, which had long been strictly controlled by the state, and is attempting to expand nuclear power capacity by introducing foreign technology and investment. India plans to increase its nuclear power installed capacity nearly tenfold over the next two decades to 100 gigawatts, with estimated investment needs approaching $210 billion. The target is seen as...

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

Bangladesh Highlights Potential of Nuclear Technology for Maritime Applications at ATLAS Ministerial Meeting

On August 26, local time, Bangladesh's Minister of Science and Technology, Faqrul Mahbub Anam, stated at the 2026 Ministerial Launch of the Licensing of Atomic Technology for Marine Applications (ATLAS) held in Washington, D.C., USA, that Bangladesh is committed to responsible participation in the global nuclear dialogue and believes that emerging nuclear technologies hold significant potential in the field of maritime applications. Anam stated that in the face of challenges such as climate change, energy security, and growing energy demand, the importance of nuclear energy in reducing emissions and ensuring reliable energy supply is rising. Advanced nuclear technologies, including Small Modular Reactors (SMRs), can provide stable low-carbon electricity and support economic growth, poverty reduction...

2026-08-27

Malaysia Advances Nuclear Energy Workforce Planning Capacity Building

The International Atomic Energy Agency (IAEA) recently held a national workshop on nuclear energy human resource planning in Malaysia to help the country enhance its workforce forecasting and capacity building for existing and future nuclear applications. The workshop was held from 17 to 21 August 2026 over five days, with participants from MyPOWER Corporation, the Malaysian Nuclear Agency, regulatory bodies, national utilities, and academic and training institutions. The five-day workshop was held in Malaysia from 17 to 21 August 2026, with participants including representatives from MyPOWER Corp...

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