COLUMBIA, Md., Aug. 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into a definitive merger agreement to be acquired by Pelican Energy Partners ("Pelican") in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of the directors of GSE, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.10 per share. The consideration per share represents a premium of approximately 50% to GSE's closing share price as of August 7, 2024.
OAK RIDGE, TENN. – July 30, 2024 – Kairos Power has started construction on the Hermes Low-Power Demonstration Reactor, the first and only Gen IV reactor to be approved for construction by the U.S. Nuclear Regulatory Commission and the first non-light-water reactor to be permitted in the U.S. in over 50 years. Hermes represents a critical milestone on Kairos Power’s iterative path to commercializing advanced reactor technology.
Oklo Inc. (NYSE: OKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announced the successful completion of the first end-to-end demonstration of the key stages of its advanced fuel recycling process, in collaboration with Argonne National Laboratory and Idaho National Laboratory. This achievement marks a significant step forward in Oklo’s efforts to scale up its fuel recycling capabilities and deploy a commercial-scale recycling facility to increase advanced reactor fuel supplies, and enhance fuel cost effectiveness.
Duke Energy (NYSE: DUK), Amazon, Google, Microsoft and Nucor today announced agreements to explore new and innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina. The announcement was made at the White House Summit on Domestic Nuclear Deployment.
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) issued a Notice of Intent (NOI) to fund up to $900 million to support the initial U.S. deployments of Generation III+ (Gen III+) Small Modular Reactor (SMR) technologies. This funding—made possible in part by President Biden’s Bipartisan Infrastructure Law—will help strengthen America’s domestic nuclear industry and spur follow-on reactor projects, which are vital to achieving our nation's ambitious clean energy and climate goals and meeting the growing demand for clean, reliable power. Today’s announcement underscores the Biden-Harris Administration’s efforts to support the demonstration and deployment of advanced reactor technologies, create new good-paying, high-quality jobs, and reinforce America’s leadership in the nuclear industry.
BWX Technologies, Inc. (NYSE: BWXT) today announced the award of the second phase of a contract with the Wyoming Energy Authority to assess the viability of deploying small-scale nuclear reactors in the state as a source of resilient and reliable energy to augment existing power generation resources.
AUSTIN, Texas (June 6, 2024) — The Texas Nuclear Alliance (TNA) is proud to announce that Terrestrial Energy has joined the Alliance as a Founding Member. This significant partnership underscores Terrestrial Energy's commitment to advancing the nuclear industry and supporting innovative energy solutions in Texas.
AUSTIN, Texas (June 6, 2024) — The Texas Nuclear Alliance (TNA) is proud to announce that Terrestrial Energy has joined the Alliance as a Founding Member. This significant partnership underscores Terrestrial Energy's commitment to advancing the nuclear industry and supporting innovative energy solutions in Texas.
Last Energy, a Washington, D.C.-based startup that builds micro-nuclear power plants, announced today a partnership with the NATO Energy Security Centre of Excellence (ENSEC COE) to jointly research military applications for micro-nuclear power technologies and explore opportunities for future deployment on NATO military installations.
Deep Isolation, the leading global innovator in nuclear waste storage and disposal solutions, today announced the appointment of Rod Baltzer as its new Chief Executive Officer (CEO), effective June 1st, 2024. Baltzer will succeed Elizabeth Muller, who will transition to the role of Executive Chair of the Board.
The Biden-Harris Administration is today hosting a White House Summit on Domestic Nuclear Deployment, highlighting the collective progress being made from across the public and private sectors.
The UK will be the first European nation to produce advanced nuclear fuel – a market currently dominated by Russia – to help fuel nuclear power plants at home and abroad. This is part of the government plan to push Putin out of the global energy market and drive down energy bills.
NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”) today announced the pricing of its initial public offering of 2,562,500 shares of its common stock at a price to the public of $4.00 per share, less underwriting discounts and commissions. The sole book-running manager of the offering will have a 30-day option to purchase up to an additional 384,375 shares of common stock from NANO Nuclear at the initial public offering price, less underwriting discounts and commissions.
BWX Technologies, Inc. (NYSE: BWXT) announced today an investment to expand its Cambridge manufacturing plant. Already one of the largest nuclear commercial manufacturing facilities in North America, the site’s increased footprint will enable greater capacity to support ongoing and anticipated customers’ investments in Small Modular Reactors, traditional large-scale nuclear and advanced reactors, in Canada and around the world.
Rueil-Malmaison, France; Charlotte, NC – April 24, 2024 – Terrestrial Energy, a developer of Generation IV advanced nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology for industrial heat and power supply, and Schneider Electric, a Fortune Global 500 supplier of digital control systems for energy management, have signed a Memorandum of Understanding (MOU) to jointly develop commercial opportunities and advance the deployment of IMSR plants.
The U.S. Department of Energy (DOE) today released an information guide for communities considering replacing their retired or retiring coal power plants with nuclear power plants. The guide is based on a technical study that found transitioning from a coal plant to a nuclear one would create additional higher paying jobs at the plant, create hundreds of additional jobs locally, and spur millions of dollars in increased revenues and economic activity in the host community. Importantly, it also found that, with planning and support for training, most workers at an existing coal plant should be able to transition to work at a replacement nuclear plant.
TerraPower announced today the submission of its construction permit application to the U.S. Nuclear Regulatory Commission (NRC) for the Natrium reactor demonstration project. TerraPower is the first to submit its construction permit application for a commercial advanced reactor to the NRC.
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear technology solutions, with a focus on addressing the nuclear waste challenge and accelerating progress in the second nuclear era®.
Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Environment and Public Works (EPW) Committee, and U.S. Senator Tom Carper (D-Del.), Chairman of the EPW Committee, released the following statement on the inclusion of an extension of the Price-Anderson Act in the package of six fiscal year 2024 appropriations bills.
The Philippine Nuclear Research Institute (PNRI) and Curio Legacy Ventures, Inc. (Curio) have signed a Memorandum of Understanding (MOU) on March 4, 2024, solidifying their collaboration in nuclear energy research for peaceful purposes. This partnership aims to advance research, technology exchange, and capacity-building initiatives within the nuclear energy sector, contributing to global sustainable development efforts.
General Atomics (GA) announced today that it has signed a Memorandum of Understanding (MOU) with the Emirates Nuclear Energy Corporation (ENEC) to investigate collaborative project opportunities to support United Arab Emirates (UAE) nuclear energy programs. Representatives from both companies signed the MOU while attending the CERAWeek Conference in Houston, TX.
Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced it had achieved a critical milestone in developing its cutting-edge fuel technology designed to offer improved economics and higher levels of safety than conventional nuclear fuel. Idaho National Laboratory (INL) has extruded coupon samples of Lightbridge Fuel™ material consisting of an alloy of depleted uranium and zirconium. The extrusion process involves pressing a metallic alloy billet through a die.
X-energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today opened the first training center for future operators of its Xe-100 advanced small modular reactor. Called the Plant Support Center (“PSC”), the 10,000 square foot state-of-the-art facility includes a full-scale plant control room simulator, Reactor Protection System prototype, and virtual reality experience, as well as offices and classrooms.
CHARLOTTE, N.C. – A groundbreaking study, The Economic Impact of the Nuclear Industry in the Southeast United States, released by the Southeast Nuclear Advisory Council and conducted by E4 Carolinas, reveals the Southeastern United States as a pivotal region in the global nuclear industry. The study presents a comprehensive analysis of the economic impacts of the nuclear energy sector in the five-state region consisting of Georgia, North Carolina, South Carolina, Tennessee, and Virginia.
