Nuclear startup Initially the company expected growth approximately $800 million. The stock is expected to begin trading on the Nasdaq exchange on Friday under the ticker XE. x-energy is building small modular reactors capable of generating electricity or delivering heat to industrial processes. The company has struck a deal with Dow to provide heat and…
The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi (not seen), visits Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) in Russian-controlled Energodar, on March 29, 2023. Anadolu | Anadolu | Getty Images Russia and Ukraine agreed to a local ceasefire to allow for repairs of the backup power lines to the Zaporizhzhia…
For the past several months, nuclear startups have been raising big bucks – right Above $1 billion As yet. Their thirst for data centers and power has been a driving force. But recent changes in federal nuclear safety policies could trigger another spike that helps clear the way for faster reactor development, and at the…
Two more nuclear companies have been awarded large grants by the Trump administration. Tennessee Valley Authority and Holtec will each gets $400 million From the Department of Energy to build small modular reactors based on existing nuclear fission technology. TVA will build one 300-MW reactor from GE Vernova Hitachi in Tennessee, while Holtec will build…
Castor containers for high-level radioactive waste. Ina Fassbender | Afp | Getty Images Nuclear power is back, largely due to the skyrocketing demand for electricity, including big tech’s hundreds of artificial intelligence data centers across the country and the reshoring of manufacturing. But it returns with an old and still-unsolved problem: storing all of the…
GE Hitachi Nuclear Energy’s BWRX-300 small modular reactor incorporates proven components. Courtesy: GE Vernova Van Buren County is a rural redoubt in southwestern Michigan, a quiet corner of a swing state. Pillow soft sand dunes shift and shape along the shores of Lake Michigan. And the county seat – Paw Paw – is named after…
Hidden among the majestic canyons of the Utah desert, about 7 miles from the nearest town, is a small research facility meant to prepare humans for life on Mars. The Mars Society, a nonprofit organization that runs the Mars Desert Research Station, or MDRS, invited CNBC to shadow one of its analog crews on a…
