As the US Government moves to support nuclear fission and fusion strongly, new public-private partnerships agreements have been made that reflect performance-based, fixed-price milestone contracts. Initially demonstrated with significant success in the space industry between NASA and SpaceX, these milestones based contracts can enable significant advancements in nuclear reactor demonstration projects as well as nuclear
Nuclear energy has gained unprecedented international focus. The conversation around nuclear has changed fundamentally towards finding pathways to enable nuclear. Previously, conversations were still centered around whether nuclear would be the right technology choice for the energy needs of the future, but it has largely been accepted now that nuclear will be a significant key
Given the pledges at COP28, the international nuclear industry is expecting a wide influx of new nuclear capacity globally. However, a barrier to this wide nuclear deployment is international regulations. In order for a design to be deployed in 3 different countries, four licenses may be required from the vendor country and the three customer
Nuclear energy has taken the front stage at the international gathering of COP28, where over 20 nations came together to pledge to triple nuclear capacity globally by 2050. This increase in nuclear capacity represents a significant demand commitment, and it remains to be seen how much of this goal will be reached, and by which
Jeju Energy Corporation is embarking on mutual cooperation in new and renewable energy with U.S. energy specialized organizations. On January 8th (U.S. local time), the Corporation signed a business agreement with GABI (Global America Business Institute), a global energy professional organization, to exchange new and renewable energy technologies and policies to realize global carbon neutrality.
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Nuclear power contributes significantly to a country’s national security, economic security, energy security, as well as geopolitical influence. The US has identified nuclear as a key technology solution to meeting security and geopolitical goals, but in the last decade, the US has slowly lost its leadership to nuclear supplier countries such as Russia and China
In the coming decades, HALEU fuel will be required for the new generation of reactor designs that are currently in development. However, the anticipated cost of HALEU for advanced reactors will be 4-5x the cost of current LEU price, suggesting that HALEU costs will be significant. Recycling, particularly pyroprocessing, is a technology that could offer
