Nuclear
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Backed by several venture firms, The Nuclear Company, plans to build a fleet of nuclear plants throughout the US.
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Nuclear Fuels has appointed Gregory Huffman as chief executive officer, president and director, effective immediately.
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A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
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Duke Energy has signed memoranda of understanding (MoUs) with Amazon, Google, Microsoft and Nucor to develop power contract terms with electric utilities in North Carolina and South Carolina, with the goal of lowering the cost of building new nuclear technologies and batteries.
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Nuclear fission company Oklo has signed a memorandum of understanding (MoU) with Atomic Alchemy to produce isotopes, necessary for creating and recycling fast reactors.
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AltC, a special purpose acquisition company (SPAC) run by former OpenAI CEO Sam Altman, has purchased and combined with nuclear technology company Oklo for $306 million.
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CPS Energy has signed a long-term power purchase agreement (PPA) with Constellation for 200MW of capacity beginning summer 2024.
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Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.
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Nuclear technology company Oklo has signed a long-term power purchase agreement (PPA) for a 50MW project with major oil producer Diamondback Energy.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Nuclear company Westinghouse has hired former vice president of strategy and innovation at Kairos Power, Lou Martinez Sancho, as its chief technology officer.
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Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.
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Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
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Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
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The US Air Force Research Laboratory’s Space Vehicle Directorate has selected Westinghouse to power its advanced space research program.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.
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Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).
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X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.
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California Governor Gavin Newsom has approved AB1172 on fusion energy policy as one of the 900 bills that came across his desk this week, all of which require signature or veto by Saturday.
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Xcel Energy has continued to make changes at the top, naming a new group president of utilities and chief customer officer.
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Texas-based Vistra Corp is issuing both secured and unsecured senior notes to fund part of the $3 billion cash component of the company’s pending Energy Harbor acquisition.
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Nuclear power provider Xcel Energy has named Chris Church as its new chief nuclear officer.
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X-Energy Reactor Company and the US Department of Defense (DoD) have expanded their agreement to develop a nuclear microreactor prototype for use in remote military locations.
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ComEd has entered an offtake agreement to purchase carbon-free nuclear energy from power producer Constellation.
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X-Energy Reactor Company and Ares Management have updated the terms of the nuclear development company’s buyout with the business now valued at $1.05 billion, down from $1.8 billion.
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Oklo is set to provide nuclear power to a US Air Force Base after signing a Notice of Intent (NOI) with the Defense Logistics Agency Energy.
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Oklo and Centrus Energy have entered a memorandum of understanding (MoU) for the development and operation of Oklo’s Aurora fission powerhouses and a nuclear fuel production site for high-assay, low-enriched uranium (HALEU).
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NuScale Power Corporation, a small, modular nuclear reactor technology provider, as hired Robert Ramsey Hamady as chief financial officer and promoted Clayton Scott as chief commercial officer in a wave of leadership changes. The new hires will advance the manufacturing and development phase of its VOYGR small, modular reactor power plants.
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The Georgia cooperative that owns the Vogtle nuclear facility has reached commercial operations for its Unit 3 – the first newly constructed nuclear unit in the US in over 30 years.
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Energy Harbor has filed to renew an operating license for the company’s Perry nuclear power plant for another 20 years.
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ChatGPT chief executive Sam Altman will begin building nuclear plants and selling long-term power contracts via his clean energy startup Oklo after listing next year.
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The Ontario government is prepping for three additional small modular reactors (SMRs), for a total of four SMRs, with Ontario Power Generation (OPG) at the Darlington nuclear site as it continues its nuclear push.
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The Ontario government has begun pre-development work siting the first large-scale nuclear build in more than 30 years.
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NuScale Power Corporation, a provider of small modular reactor (SMR) nuclear technology, has named Carl Fisher as its chief operating officer starting July 24, 2023. Fisher will head the operations engineering, project management, quality assurance, information technology, and regulatory affairs functions.
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US nuclear fusion company Helion Energy has entered into an agreement with Microsoft to provide electricity from its first commercial fusion power plant.
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enCore Energy Corp has acquired the Alta Mesa in-situ recovery (ISR) uranium project from Energy Fuels for $60 million in cash and a $60 million promissory note.
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The Canada Infrastructure Bank (CIB) has teamed up with Ontario Power Generation (OPG) and committed $970 million towards Canada’s first small modular reactor (SMR).
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FirstEnergy Corp's lenders have signed waivers and amended the terms of its loans to cure compliance breaches stemming fromthe disclosure of a roughly $4 million payment in 2019 that was uncovered as part of an internal bribery investigation.
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Whenever a Department of Energy loan goes bad – as it did in the case of the Crescent Dunes concentrated solar project in Nevada – questions are raised about the program. But how bad is the US government at picking winners, really?
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Changes to Mexico's clean energy certificate program could spell trouble for renewable energy developers in the country that had banked on selling certificates in the open market, but most of the wind and solar assets being considered for project finance had already locked in a fixed price, say market participants.
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Brazilian state-controlled Eletrobras’ subsidiary Eletronuclear has formally requested an extension of the operating life of its Angra 1 nuclear power plant.
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As President Donald Trump's grand infrastructure plan hit the buffers earlier this year, his former attorney, Michael Cohen, was allegedly doing his own bit for the cause by seeking government funds for a mothballed nuclear project in Alabama, according to an Aug. 2 report in the Wall Street Journal.
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Is it a bird? Is it a plane? No, it's the superman-shaped drone that environmental group Greenpeace flew into a wall of EDF's 3,580 MW Bugey nuclear facility on July 3.
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The results of the recent PJM Interconnection capacity auction have excited many in the industry but should prompt a thoughtful pause, writes Louise Pesce, managing director at MUFG in Los Angeles, in this week’s Industry Current.
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FirstEnergy Corp. announced the long-awaited Chapter 11 filing of its competitive generation subsidiary FirstEnergy Solutions, as well as FirstEnergy Nuclear Operating Co., on March 31.
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There are a few days remaining to cast your votes for the best project sponsors, banks, law firms, institutional and tax equity investors and deals in PFR's 15th Annual Deals and Firms of the Year Awards.
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The #PowerTweets feature tracks trends in project finance and M&A in the Americas on Twitter.
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FirstEnergy Corp. has raised $2.5 billion through a private placement of equity and preferred shares, bringing activist investors onboard ahead of an expected Chapter 11 restructuring.
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The #PowerTweets feature tracks trends in project finance and M&A in the Americas on Twitter.
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Vistra Energy, the Texas utility that is buying Dynegy, is the latest power sector borrower to launch a repricing of its term loans, with an almost $2.8 billion deal.
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A proposed change to spot market bidding rules in PJM Interconnection could raise power prices, according to a report by Moody’s Investors Service.
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For the first time in over three decades, renewables have overtaken nuclear plants in the race to power the U.S.
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FirstEnergy Corp. priced $3 billion of corporate bonds across three tranches on June 19 to refinance debt amid efforts to shed its competitive generation business.
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