Supply chain & business

Supplier Spotlight: FOMAS Group 🇮🇹 Meet FOMAS Group, an Italian manufacturer specialising in steel components for critical industrial applications, including the nuclear industry. With decades of experience in the nuclear sector, FOMAS Group provides: 🔹 Open-die steel forgings for demanding in...

NLC India Renewables Limited (NIRL) has won SJVN Limited’s auction for the development of 265 MW/530 MWh standalone battery energy storage system (BESS) projects in Haryana at a tariff of Rs 235,000 per MW per month. The tender, valued at approximately Rs 6.36 billion, comprises two projects with capacities of 250 MW/500 MWh and 15 MW/30 MWh. The...

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.

First American Nuclear Co and South Korean contractor Hyundai E&C have elevated their EAGL-1 collaboration from a framework agreement to a binding master service agreement, covering constructability reviews, engineering consulting, and potential EPC participation.

Israel's Ministry of Energy and Infrastructure has published the country's first national fusion strategy, outlining three funding scenarios and recommending a $150–350 million National Fusion Research Center as the preferred path to building a domestic fusion supply-chain industry.

India aims to increase its nuclear power capacity to 100 GW by 2047, requiring an investment of ₹15 lakh crore to add 91 GW. This expansion will involve significant private sector participation, following recent legislative changes allowing private and foreign companies into the nuclear power sector.

SUGS Lloyd Limited has received a letter of award worth approximately Rs 2.13 billion from Marshal Enterprises for power distribution infrastructure works in Punjab. The contract covers balance supply and installation works for low-tension and high-tension infrastructure under the Revamped Distribution Sector Scheme. The works cover the Faridkot Circle,...

Hello, United States! 🇺🇸 We're pleased to announce that NucFinder, Inc. has established a business presence in Austin, Texas, marking an important step in our international development. The United States is one of the world's largest nuclear energy markets, with 94 operating commercial reactors...

The nuclear industry is prioritizing durability in both plant maintenance and policy development. Utilities are investing in upgrades and efficiency improvements, while government agencies are implementing policy changes to streamline regulatory processes.

The US Department of Energy has extended a conditional loan commitment to Constellation under its new UPRISE initiative, potentially financing up to 80% of eligible uprate costs at nine facilities totalling nearly 1.1 GWe of additional capacity.

Google is reportedly close to finalizing a multi-year agreement with Constellation Energy Corp. to purchase nuclear power for its data centers. This potential deal, valued at over $1 billion, aims to support the increasing electricity demands driven by artificial intelligence and data center expansion.

The two companies will collaborate on next-generation gyrotrons and fuel cycle technologies, supporting Germany's national Fusion Hubs initiative and Proxima's commercial stellarator roadmap.

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...

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.

Poland's first nuclear power plant is moving into procurement. Polskie Elektrownie Jądrowe (PEJ) has commissioned Westinghouse Electric Company to begin the procurement process for long-lead components for Poland's first AP1000 reactor at Lubiatowo-Kopalino. The scope covers six key nuclear islan...

Kazakhstan's president has directed development of a century-long strategic uranium reserve, while the country's nuclear power plant pipeline expands with contracts signed and a second plant confirmed for China National Nuclear Corporation.

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.

India plans to expand its nuclear power capacity to 100 GW by 2047, with private sector involvement expected to contribute 30 GW and attract ₹7.5 lakh crore in investment. This initiative aims to meet rising electricity demand, enhance energy security, and diversify the power mix.

Axis Energy has been awarded the engineering, procurement, and construction (EPC) contract for a 552 MWp utility-scale solar power project in Anantapur, Andhra Pradesh, India. The project, developed by Evren, a joint venture between Brookfield and Axis Energy, is slated for commissioning within 18 months. This solar facility is part of a larger 400 MW wind-solar hybrid renewable energy initiative that includes battery energy storage systems (BESS) and connects to the state grid, aiming to provide power during peak demand.

The nuclear industry is experiencing a period of significant investment, prompting utilities to manage extensive capital portfolios while preparing for long-term operations, plant modernization, and new nuclear opportunities. Collaborative efforts among utilities are addressing these challenges.