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America Is Betting Big on a New Generation of Small Nuclear Reactors
EnergyIndustry news

America Is Betting Big on a New Generation of Small Nuclear Reactors

Governments worldwide are racing to develop small modular reactors (SMRs) as part of their plans for a nuclear power renaissance, with significant progress being seen in recent years. However, the United States appears to be leading the way in nuclear microreactor development, with significant investment in the technology recently announced by the U.S. Army. SMRs are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit, or around one-third of the generating capacity of a conventional nuclear reactor. They are much smaller…

Helena Marsh

Washington turns to nuclear power in shipbuilding revival

Washington turns to nuclear power in shipbuilding revival

The US Maritime Administration (MARAD) has teamed up with CORE POWER in an agreement to accelerate a US-flagged fleet of nuclear-powered merchant ships. The memorandum of cooperation brings MARAD and the UK-founded nuclear technology company together to work through obstacles that have kept nuclear propulsion confined to naval vessels. CORE POWER is targeting first construction …

Editorial Desk

Uranium Prices Surge as Nuclear Demand Accelerates
EnergyIndustry news

Uranium Prices Surge as Nuclear Demand Accelerates

Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom. Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with prices approaching $89 a pound, the highest level since early February. The ongoing theme is that years of underinvestment have limited mine supply growth…

Editorial Desk