Investment and finance
A bipartisan group of lawmakers in the United States has introduced legislation, the 'American Leadership in Fusion Act,' proposing a $10 billion investment to accelerate the commercialization of fusion energy and establish a dedicated Office of Fusion within the Department of Energy.
Gujarat State Electricity Corporation Ltd (GSECL) and Nuclear Power Corporation of India Ltd (NPCIL) have signed a Memorandum of Understanding (MoU) to develop a 4,000 MW nuclear power project in Dhuvaran, Anand district. This project, estimated at approximately Rs 1 lakh crore, marks GSECL's entry into nuclear power generation.
The US Department of Energy (DOE) has opened an annual funding opportunity of up to $400 million for basic research. This initiative aims to advance scientific knowledge and support future technologies, covering areas such as nuclear physics, isotope research and production, and fusion energy sciences.
The United States Department of Commerce announced that South Korea plans to invest $120 billion in U.S. nuclear power projects. This investment is part of a larger $200 billion commitment across three projects, with a significant portion allocated to the construction of eight large nuclear reactors at federal sites.
Indian Railway Finance Corporation Limited (IRFC), a Navratna central public sector enterprise under the Ministry of Railways, has signed a Rs 42 billion term loan agreement with Damodar Valley Corporation (DVC). The loan will be utilised to finance renewable energy projects across Jharkhand and West Bengal. Moreover, the loan will finance DVC’s floating...
KPI Green Energy Limited has secured an engineering, procurement and construction (EPC) order worth approximately Rs 20.25 billion from NACOF Oorja Private Limited (NOPL) for a 500 MW/550 MWp solar photovoltaic project in Bikaner, Rajasthan. The project is being developed as part of NOPL’s 5,000 MW solar photovoltaic power park at Dantoor village in...
Special Purpose Acquisition Companies (SPACs) have emerged as a rapid fundraising mechanism for advanced nuclear developers, securing hundreds of millions of dollars quickly. However, this path to public markets also exposes these capital-intensive companies to significant valuation volatility and market sentiment fluctuations.
Nearly 200 cities in Madhya Pradesh are pooling their power demand for a new floating solar-battery project. The initiative, valued at approximately ₹1,300 crore, aims to provide affordable clean energy for municipal services and reduce recurring electricity costs.
Kairos Power and Samsung C&T Engineering and Construction Group have signed a binding term sheet to collaborate on Kairos's Hermes 2 demonstration plant. The agreement includes a financial commitment of up to $100 million from Samsung C&T, combining direct investment and in-kind engineering services. Samsung C&T has also joined Kairos's engineering, procurement, and construction (EPC) team to support the Hermes 2 project and future reactor technology deployments.
Samsung C&T has committed up to USD100 million in investment and engineering services for Kairos Power's Hermes 2 demonstration plant in Oak Ridge, Tennessee. This collaboration includes Samsung C&T joining Kairos Power's integrated engineering, procurement, and construction (EPC) team, focusing on power-generation systems and balance-of-plant activities for the fluoride salt-cooled high-temperature reactor (KP-FHR) technology.
UltraTech Cement's new venture, Ultravolt, is entering India's wires and cables market, raising concerns about increased competition and potential impacts on market share and profitability for established players. Ultravolt brings a nationwide distribution network and significant financial resources, aiming to become a top-tier player within five years.
The Bhabha Atomic Research Centre (BARC) is engaging with private companies to secure investment and facilitate the commercialization of its 300 MW Bharat Small Modular Reactor (BSMR-300). Discussions are underway with NTPC Limited, Reliance Industries Limited, Adani Group, and Larsen & Toubro Limited.