Latest news with #reactor
Bloomberg
4 days ago
- Business
- Bloomberg
NuScale Wins US Approval for Small Nuclear Reactor Design
NuScale Power Corp. has won US approval for a small nuclear reactor design. The US Nuclear Regulatory Commission gave the green light to the company's 77-megawatt reactor design, according to a statement Thursday. The Portland, Oregon-based company won similar approval in 2020 for a smaller, 60-megawatt version of the reactor, a first for the industry.
Bloomberg
6 days ago
- Business
- Bloomberg
Nuclear Startup Radiant Raises $165 Million for Micro-Reactor
Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design. The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.
Yahoo
23-05-2025
- Business
- Yahoo
Nuclear stocks surge on report of Trump executive orders to boost industry
(Reuters) -Shares of nuclear power soared in premarket trading after a Reuters report said U.S. President Donald Trump will sign executive orders aimed to jumpstart the nuclear energy industry as soon as Friday. Trump is expected to streamline the regulatory process for new reactor approvals and enhance fuel supply chains, four sources familiar with the matter told Reuters. Uranium miners led the gains with Uranium Energy up 11.8%, Energy Fuels climbing 13.2%, and Centrus Energy surging 19.6%. Nuclear utilities Constellation Energy rose 5.5%, GE Vernova was up 3.3% and Vistra added 4%. Sam Altman-backed nuclear startup Oklo Inc jumped 16%, while Nano Nuclear Energy soared 15.8%. NuScale Power, which develops nuclear technology, added 14.1% and Global X Uranium ETF surged 9%. The United States is facing the first rise in power demand in two decades from the boom in artificial intelligence, Trump declared an energy emergency on his first day in office. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
