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…
Finance
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…
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…
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…
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…
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…
Over the past year, the U.S. has seen an unprecedented amount of federal support for energy infrastructure. In the wake of major investments, including from the Inflation Reduction Act and…
Combined cycle gas turbine (CCGT) power plants started appearing on a larger scale in the late 1990s and have since then been a very efficient supplier of baseload and lately…
Engineering giant Burns & McDonnell has entered into an agreement with nuclear technology specialist BWXT Technologies to advance the design and development of the BWXT Advanced Nuclear Reactor (BANR). The…
The U.S. Department of Energy (DOE) Loan Programs Office (LPO) on July 18 announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy,…