SMRs have gained a lot of attention for their myriad advantages, most notably their modularity. The field of SMRs is just emerging and models are still under development, leaving the field wide open for competition. And a new, unexpected candidate may be stepping up to take the lead in the SMR vanguard: Romania.
European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
UK green hydrogen company Protium has secured €46.6 million investment in its latest funding round led by SWEN Capital Partners. This is the largest funding secured for a pure play green hydrogen energy company in the UK to date.
Paul Stein, Chairperson of Rolls-Royce Small Modular Reactors announced recently that a Rolls-Royce design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029.
The US government recently announced that it is launching a €5.5 billion effort to rescue nuclear power plants at risk of closing, given the need to continue nuclear energy as a carbon-free source of power. A certification and bidding process opened on Tuesday for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy (DOE) told the media.