Finance

At the 2023 United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, last December, 25 countries underlined the role of nuclear energy in their climate strategies by issuing a

While the past year has marked stunning triumphs for nuclear energy, experts caution that high costs, regulatory bottlenecks, and the need for market alignment remain major hurdles on the path to a true

In its quest to drive down costs while boosting safety, the nuclear industry has ramped up efforts to streamline operations and maintenance (O&M). New approaches target efficiency and resilience. If there

Oklo has moved to acquire Atomic Alchemy, a U.S. firm specializing in high-value radioisotopes, in a $25 million all-stock transaction. The acquisition will add radioisotope production capabilities to Oklo’s advanced reactor and fuel recycling operations, creating a new revenue stream and strengthening the resilience of the isotope supply chain, the company said. Radioisotopes, unstable atoms […]

Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which the company will seek to secure new ownership while ensuring uninterrupted operations. The company’s Oct. 29 filings at the U.S. Bankruptcy Court for the District […]

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of power infrastructure improvements required for Ohio’s rapidly expanding data center industry. The agreement, which is subject to review and approval by PUCO, sets a precedent […]

A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light water small modular reactors (SMRs) in the U.S. It will also provide funding for “fast follower” deployment support by addressing critical gaps that have long […]

In yet another major set of deals spearheaded by a tech giant in support of nuclear power development, Amazon will back the deployment of 5 GW of new X-energy small modular reactor (SMR) projects by 2039, starting with an initial four-unit 320-MWe Xe-100 plant with regional utility Energy Northwest in central Washington. Separately, Amazon signed […]

Energy services businesses are poised to benefit from an unprecedented amount of government support for energy infrastructure. However, choppy waters lie ahead as business models and market conditions evolve