USNIC News

USNIC Key Mover Update: BWXT Medical Submits Tc-99m Generator New Drug Application to FDA

BWX Technologies, Inc. (NYSE: BWXT) announced today that subsidiary BWXT Medical Ltd. has submitted a new drug application to the U.S. Food and Drug Administration (FDA) to request approval of its technetium-99m (Tc-99m) generator for diagnostic imaging...

September 13, 2022
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USNIC Key Mover Update: NuScale Power, Habboush Group and ENTRA1 form Strategic Alliance

Alliance establishes a “one-stop-shop” for nuclear power asset development, management, financing, investment, and execution

September 7, 2022
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USNIC Key Mover Update: Dow, X-energy to drive carbon emissions reductions through deployment of advanced small modular nuclear power

Dow (NYSE: DOW), the world’s leading materials science company, and X-energy, a nuclear energy innovation company, today announced that they have signed a letter of intent which will help Dow advance its carbon emissions reduction goals through the development and deployment of X-energy's advanced small modular nuclear technology in the U.S...

August 9, 2022
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USNIC Seeks New President and Chief Executive Officer

August 8, 2022
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USNIC Key Mover Update: Curio and Lightbridge Corporation Sign MOU to Explore Collaboration in the Nuclear Fuel Supply Chain

Curio today announced the signing of a Memorandum of Understanding (MOU) with Lightbridge Corporation (Nasdaq: LTBR) as an industry partner and potential off-taker of products produced through Curio’s TRUfuel™ technology. This collaboration is vital as both Curio and Lightbridge work to develop nuclear technologies that will be key to ushering in the second nuclear era for future generations...

July 20, 2022
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USNIC Key Mover Update: Terrestrial Energy and DL E&C Sign MOU to Drive IMSR Cogeneration Plant Deployment

Terrestrial Energy and DL E&C have signed a Memorandum of Cooperation to cooperate in the development and accelerated deployment of the IMSR cogeneration plant in the industrial sector...

July 19, 2022
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USNIC Key Mover Update: Curio and Energy Northwest Sign MOU as Used Nuclear Fuel Recycling Industry Partners

Curio today announced the signing of a Memorandum of Understanding (MOU) with Energy Northwest as an industry partner and potential off-taker of products produced through Curio's NuCycle™ nuclear waste recycling process. This MOU is part of Curio’s plans to deploy the Nation’s first state-of-the-art commercial nuclear fuel recycling facility that will provide a variety of in-demand commodities and products including domestically produced low-enriched uranium (LEU) nuclear fuel for the current U.S. fleet of nuclear reactors as well as HALEU (high-assay low-enriched uranium) and transuranic based TRUfuel™ for advanced reactors under development...

July 6, 2022
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USNIC Key Mover Update: SaskPower Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor Technology for Deployment in Saskatchewan

The GE Hitachi Nuclear Energy (GEH) BWRX-300 small modular reactor (SMR) has been selected by SaskPower for potential deployment in the mid-2030s...

June 27, 2022
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USNIC Key Mover Update: X-energy Partners with Maryland to Study Coal to Nuclear Replacement Opportunities in State

Maryland-based X-energy and the Maryland Energy Administration (MEA) have teamed up to explore opportunities to create jobs and develop clean, zero-carbon energy within the state of Maryland. MEA has awarded grants to X-energy and Frostburg State University to work together to evaluate the economic viability and social-economic advantages of repurposing a specific Maryland coal-fired electric generating facility with X-energy’s Xe-100, an advanced small modular nuclear reactor. A joint analysis of the findings will be delivered to MEA later this year...

June 14, 2022
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USNIC Key Mover Update: BWXT to Build First Advanced Microreactor in United States

BWX Technologies, Inc. (NYSE: BWXT) will build the first advanced nuclear microreactor in the United States under a contract awarded by the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO). The Project Pele full-scale transportable microreactor prototype will be completed and delivered in 2024 for testing at the Idaho National Laboratory...

June 9, 2022
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USNIC Key Mover Update: GEH SMR Canada and Saskatchewan Industrial and Mining Supplier’s Association to Collaborate in Support of Potential BWRX-300 Deployment

GEH SMR Technologies Canada, Ltd. (GEH SMR Canada) and the Saskatchewan Industrial and Mining Supplier’s Association (SIMSA) have agreed to cooperate to support the potential deployment of the BWRX-300 small modular reactor (SMR) in Saskatchewan...

May 26, 2022
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USNIC Key Mover Update: GSE Solutions Expands TSM Enterprise Platform Adding Tailor-fit Service Modules to Optimize Plant Performance

GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the power industry, today announced expanded services and modules for its leading TSM Enterprise™ platform, with three focus areas for plant performance optimization, real-time component monitoring, and dynamic simulation, along with numerous new support module upgrades...

May 23, 2022
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USNIC Key Mover Update: Orano Signs MOU for Developing Used Nuclear Fuel Dry Storage in Korea

BETHESDA, Md., May 23, 2022 – Orano TN Americas, a subsidiary of Orano NPS, signed a Memorandum of Understanding (MOU) with SeAH Besteel Co., Ltd., and KEPCO E&C on Monday, May 16, to strengthen mutual cooperation with the intent to develop a successful business serving South Korea’s current and future needs for the secure management of used nuclear fuel in dry storage...

May 23, 2022
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USNIC Key Mover Update: KAIROS POWER JOINS WITH BRUCE POWER, CONSTELLATION, SOUTHERN COMPANY AND TVA TO FORM ADVANCED NUCLEAR DEVELOPMENT CONSORTIUM

KAIROS POWER JOINS WITH BRUCE POWER, CONSTELLATION, SOUTHERN COMPANY AND TVA TO FORM ADVANCED NUCLEAR DEVELOPMENT CONSORTIUM ALAMEDA, Calif. – April 20, 2022 – Kairos Power has assembled leading North American utilities and generating companies to launch an advanced nuclear development consortium named Kairos Power Operations, Manufacturing and Development Alliance (Kairos Power-OMADA) to advance the development of the company’s advanced fluoride salt-cooled high-temperature reactor (KP-FHR) technology. Current member corporations include:...

April 20, 2022
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USNIC Key Mover Update: TRISO-X Submits First Ever High-Assay Low-Enriched Uranium Fuel Fabrication Facility License Application to the Nuclear Regulatory Commission

“Our team has been working on this application for over three years, putting our all into this process to ensure we meet each and every requirement associated with operating a HALEU and TRistructural ISOtropic (TRISO) based fuel facility, from receipt of incoming uranium to processing and shipping of final product fuel elements,” said Dr. Pete Pappano, President of TRISO-X. “In the end, it all came together in a series of documents that we’ve submitted to the NRC, with a great amount of pride.”...

April 6, 2022
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USNIC Key Mover Update: NuScale Power and Spring Valley Acquisition Corp. Announce $15 Million PIPE Investment from Nucor

NuScale Power, LLC (“NuScale” or the “Company”), the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (“SMR”) technology, and Spring Valley Acquisition Corp. (NASDAQ: SV, SVSVW) (“Spring Valley”), a publicly traded special purpose acquisition company, today announced that Nucor Corporation (NYSE: NUE) (“Nucor”) has committed to a $15 million private investment in public equity (“PIPE”) in furtherance of the NuScale-Spring Valley business combination. This increases the total PIPE commitment for this transaction to $236 million...

April 6, 2022
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Statement by The U.S. Nuclear Industry Council on the Critical Importance of Energy Security and Independence for the United States and its Allies

March 30, 2022
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USNIC Key Mover Update: GSE Wins Additional Contracts for Thermal Performance Optimization and Regulatory Programs

GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the power industry, recently signed several follow-on agreements with nuclear utility clients, reinforcing GSE’s role as a valuable partner for those navigating the zero carbon energy landscape...

March 23, 2022
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USNIC Key Mover Update: A $7.4 Billion Nuclear Build Program Submitted to the Loan Programs Office of the DOE to Bring Forth the First Batch of SMR-160s and a Massive Expansion of Holtec’s Domestic Manufacturing Capacity

On March 9, 2022, the U.S. Department of Energy (DOE) approved Part I of Holtec International’s loan application for building small modular reactors (SMRs) and invited the company to apply for a federal loan to help build four SMR-160s and to expand the company’s manufacturing capacity to build the first wave of nuclear reactors in large numbers...

March 9, 2022
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Statement by The U.S. Nuclear Industry Council on the Russian Attack on Ukraine Nuclear Power Plant 

March 4, 2022
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USNIC Key Mover Update: TerraPower and Southern Company to demonstrate the world’s first fast-spectrum salt reactor at Idaho National Laboratory

TerraPower and Southern Company recently finalized a subrecipient agreement to design, construct and operate the Molten Chloride Reactor Experiment (MCRE) – the world’s first critical fast-spectrum salt reactor – at Idaho National Laboratory (INL)...

February 23, 2022
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USNIC Key Mover Update: Oklo and Argonne National Laboratory Sign Agreement to Commercialize Advanced Fuel Recycling

Oklo Inc. and Argonne National Laboratory (Argonne) have signed an agreement to formalize both parties’ commitment to commercializing advanced fuel recycling technology. The partnership is an outcome of a cost-share project awarded by the U.S. Department of Energy (DOE) Technology Commercialization Fund (TCF), authorized in the Energy Policy Act of 2005. The TCF is a nearly $30 million funding opportunity that leverages R&D funding in the applied energy programs to mature promising energy technologies with the potential for high impact...

February 8, 2022
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USNIC Key Mover Update: TerraPower signs memorandum of understanding with Japan Atomic Energy Agency and Japanese fast reactor industrials to collaborate on sodium fast reactor technology

TerraPower today announced that it has signed a memorandum of understanding with the Japan Atomic Energy Agency (JAEA), Mitsubishi Heavy Industries and Mitsubishi FBR Systems to share data and resources related to the development of advanced sodium fast reactor (SFR) technology...

January 31, 2022
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USNIC Key Mover Update: GSE Solutions, Proud Partner of NuScale Power, Collaborates on Energy Exploration (E2) Centers for Research

GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support the future of clean energy production and overall decarbonization initiatives of the power industry, is proud to announce that our long standing 10-year relationship with NuScale Power has resulted in the delivery of their three Energy Exploration (E2) Centers which employ GSE Solutions’ state-of-the-art simulation technology...

January 11, 2022
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USNIC Key Mover Update: BWXT Delivers Fuel to NASA to Support Nuclear Thermal Propulsion

BWX Technologies, Inc. (NYSE: BWXT) has reached a critical milestone in the nation’s pursuit of space nuclear propulsion by delivering coated reactor fuels to NASA in support of its space nuclear propulsion project within the agency’s Space Technology Mission Directorate...

December 13, 2021
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