- Nuclear Company Inks Series A Investors, Plans to Hire 100 People
- US Uranium Enrichment Startup Raises $50M in Series A Funding
- Terra Innovatum Goes Public Aiming for $230 million
- Great British Nuclear Releases ÂŁ600 Million Tender for Engineering Firms to Work on SMRs
- Project Development Firm Created for Norwegian SMRs
- EPC Contract for Kaiga-5 And -6 700 MW PHWR Nuclear Plants
- Westinghouse and University of Saskatchewan Partneron eVinci Microreactor
Nuclear Company Inks Series A Investors, Plans to Hire 100 People
- The Nuclear Company Announces Series A Investors, Plans to Open office in Columbia, SC, Creating 100 Jobs
The Nuclear Company announced the opening of its primary engineering and construction office in Columbia, SC. The new location is expected to create more than 100 jobs as the company begins evaluating sites for its first 6 GWe fleet of nuclear reactors.
The company also announced the completion of its Series A funding round, led by Eclipse. The round includes follow-on investments from all prior investors.
Investors include CIV, whose co-founder Patrick Maloney also co-founded of The Nuclear Company and serves its chairman. Additional investors include True Ventures, Wonder Ventures, Goldcrest Capital, and MCJ Collective. A spokesperson for the firm says it is not disclosing the amount of the Series A funding. The Nuclear Company emerged from stealth mode in 2024.
Joining The Nuclear Companyâs board is Greg Reichow, partner at Eclipse and a former executive at Tesla overseeing global manufacturing, factory/automation engineering, supply chain, and product excellence.
What is Series A Funding?
- Series A: The Series A raise is the hardest to achieve because it requires a venture capital firm to put at least a couple million dollars into the startup. Startups typically use series A funding to figure out the best business model for their company and to work out the nuts and bolts of moving your product into the actual marketplace.
- Series B:Â By the time theyâve reached series B, a startup has a product and a business model and need enough capital to bring the product to a broader market. This represents a significant increase in the funding.
- Series C:Â This is all about fast growth. In series C funding, companies might move the work theyâve been doing in series B toward international markets or focus on diversifying their product for multiple different platforms.
The Series A funding the company has in hand is significant because it gives the firm confidence it can achieve its objective to hire 100 people to kick start the effort to eventually deploy 6 GW of nuclear reactors.
The capital requirements to achieve that goal are a tall order. For an AP1000, taking a low ball hypothetical case of $6,500/kw for the 1,150 MW plant, each one would require $7.5 billion to build and six would come in at $45 billion. Actual costs are likely to be higher and much depends on costs related to long lead time systems and components, like reactor pressure vessels, steam systems, turbines, and switch yard transformers, as well as the costs of the steel and concrete needed for each plant.
The Firmâs Business Model is Focused on Cost Controls
The firm says that the key to The Nuclear Companyâs approach is using proven, licensed technology, which will allow the company to achieve significant cost reductions and shortened project timelines, meeting its commitment to on-time, on-budget deployment of its first fleet of nuclear reactors in America.
The Nuclear Company said in its press statement that by adopting fleet-scale deployment for up to 6 GW of power, The Nuclear Company aims to avoid previous industry pitfalls through a design-once, build-many methodologies that lowers costs and minimizes delays.Â
The company says its approach leverages advanced construction and manufacturing methods alongside cutting-edge digital technologies, such as AI-driven site selection, real-time construction.Â
Where Will the Firm Launch its âFleetâ of Reactors?
According to the Nuclear Company,  it will look at AP1000 sites that have COLs but which are not expected to be developed by their respective utilities in the near term. These projects include four COLs held by Duke (two each at Williams States Lee, Levy County), and two COL held by Florida Power & Light (Turkey Point 6 & 7). The COLs for Duke two Shearon Harris reactors were suspended.
The Nuclear Company also has its eye on Early Site Permits (ESP), which have 20-year shelf lives. Most ESPs are technology neutral. ESPs can be used to take an early position on a reactor project without selecting a design, and once that happens, will speed up the licensing process. ESPs can be used to begin the process for developing new, âgreenfieldâ nuclear sites rather than adopting or co-developing sites that already have COLs.
It is unclear whether the Nuclear Company plans to co-develop any sites that already have COLs, acquire them, or create other kinds of collaboration with the utilities that hold them to build reactors. In all the startup firm expressed a goal of building 6 GW of power or the equivalent of six Westinghouse AP1000s which come in at 1,150 MW each.
Other NRC licensed reactor designs in the US include the GE Hitachi 1,500 MW ESBWR and KHNPâs APR1400, at 1,400 MW. The ESBWR has not been built but the NRC issued COLs are still available for Detroit Edisonâs FERI 3 and Dominionâs North Anna 3.
While no US firm has placed an order for the KHNP design, the firm successfully built four of them in the United Arab Emirates and recent won the tender from the Czech Republic for two units at CEZâs Dukovany site. This would make the KHNP reactor âproven and licensed,â just not in the US.
What About V C Summer?
An interesting question, given the focus of the firm on âproven licensed technology,â the Westinghouse 1,150 MW PWR, comes to mind. Even more interesting is that with the firm setting up shop in Columbia, SC, it is worth asking if the firm is interested in completing the partially built V C Summer plant which consists of twin AP1000s. Itâs NRC license is still valid.
South Carolinaâs state-owned utility Santee Cooper, South Carolinaâs largest electricity utility, earlier this year launched a process seeking proposals that could lead to the revival of the abandoned V C Summer nuclear power station project.
Santee Cooper is, in effect. taking on revival of one of the most significant failures to complete a reactor project in the history of the US nuclear industry. In short, metaphorically speaking, it is trying to bring a $10 billion fiasco back from the dead.
The project collapsed from bad management and financial irregularities, and according to the U.S. Department of Justice, four executives, two from SCANA and two from Westinghouse, were convicted of felonies related to their criminal wrongdoing in managing the project and the rate payer money that was poured into it.
Dominion Power purchased SCANA, the owner of the V C Summer project, in 2018 in an all stock deal worth $14.6 billion and provided compensation to ratepayers as part of the acquisition. A big chunk of the debt from project was written off by Dominion.
Fast forward to 2025 Santee Cooper said in a statement that it is looking for proposals to acquire and complete, or propose alternatives, for the two partially constructed nuclear units at the site. The utility said it has no plans to own the units.
Santee Cooper cited significant interest in repowering closed or cancelled nuclear units to shorten project timelines, as well as federal tax credit incentives for these projects. Santee Cooper has engaged US investment banking firm Centerview Partners to conduct a request for proposal (RFP) seeking parties interested in acquiring the project and related assets, and potentially completing one or both units or pursuing alternative uses of the assets.
Factors contributing to the utilityâs decision to launch an RFP process include a need for new generating capacity, driven by rapid growth of data centers, the âonshoringâ of manufacturing to the US from overseas sites, and the retirement of fossil-fired plants.
Santee Cooper added in its press statement that from a competitive view of time to market for new generating capacity, V C Summerâs âunique positionâ as the only site in the US that could deliver 2,200 MW of nuclear capacity âon an accelerated timeline.â
The Nuclear company did not respond to a media inquiry about whether its interests include making an assessment of the financial and project management feasibility of completing the partially built twin AP1100s at the V C Summer.
Why South Carolina?
Leaving aside for the moment the case for V C Summer, South Carolina ranks as the third-largest nuclear-producing state with more than half of its power generated by nuclear energy. The region also offers a number of strategic advantages, including a robust energy infrastructure and political leadership committed to nuclear energyâs resurgence in the US.
Governor of South Carolina Henry McMaster said in a press statement about 100 new jobs in Columbia, SC, he said âWhen South Carolina attracts businesses like The Nuclear Company, it strengthens our economy, creates new opportunities for our people, and reinforces our position as a leader in energy innovation. Reliable, affordable energy is essential for our future prosperity, and this investment marks another step toward securing a bright future for our state. As our population increases and technology advances, expanding nuclear power will be critical to meeting our energy needs.âÂ
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US Uranium Enrichment Startup Raises $50M in Series A Funding
Image: World Nuclear Assoc
The Bloomberg wire service reports that General Matter, a startup based in Los Angeles, has raised $50 million in Series A funding to produce high-assay low-enriched uranium (HALEU) for advanced nuclear reactors.Â
The funding round was led by venture capital firm Founders Fund, with partner Peter Thiel joining the board. The firm made the announcement this week after operating in âstealth modeâ which is a means of protecting nascent intellectual property until the firm is organized and funded.
The company was co-founded by Scott Nolan, a former SpaceX engineer and Founders Fund investor, and Lee Robinson, a former Defense Department energy specialist, the company aims to enrich uranium to 19.75% for use in HALEU fuel by various advanced reactors.
The company had been registered in California earlier in the year, with Scott Nolan named as its CEO. Nolan, a former SpaceX employee, is a partner at venture capital firm Founders Fund which was co-founded by billionaire investor Peter Thiel.
General Matter has assembled a team of approximately two dozen engineers, nuclear scientists, and safety experts, pulling talent from national labs and the private sector.
World Nuclear News reports General Matter says it will use a ânovel, scalable, cost-competitive technologyâ to address a âcommercial bottleneckâ in the US nuclear fuel cycle and will be shipping enriched uranium by the end of the decade.
General Matter was one of four companies selected in October 2024 by the US Department of Energy to provide enrichment services to help establish a US supply of high-assay low-enriched uranium (HALEU).
According to Nolan, on April 14th the company announced itself this month on social media. âFor the past year, General Matter has been incubated within the Founders Fund, with a team from SpaceX, Tesla, Anduril, national labs, and the DOD. He added that the company has âbuilt up a small operation in Los Angeles of roughly two dozen engineers, nuclear scientists and safety experts.â
âI spent over a year at Founders Fund searching for an American enrichment company to invest in, only to find there wasnât one. So, we built our own. General Matter is filling the US nuclear fuel gap. âWe will be shipping by the end of the decade.âÂ
The first firm has not provided details of its process for enriching uranium, but on 12/02/24 Nolan submitted a Letter of Intent to the US Nuclear Regulatory Commission (NRC) in anticipation of a âforthcoming application for the necessary licenses to support the production and handling of High-Assay, Low-Enriched Uranium (HALEU)â. (ML24365A102)
HALEU contains between 5% and 19.75% of fissile uranium-235 and will be required to meet the fuel needs of many of the advanced reactor designs that are currently being developed.
Reuters notes in its report  General Matter, which currently has no infrastructure to make uranium fuel, will face stiff competition from other companies with experience and facilities in the uranium industry.
Uranium Enrichment Methods
The other companies with U.S. support are: Urenco USA, a European firm with operations in New Mexico; Orano USA, based in Maryland with global headquarters in France; and Centrus Energyâs subsidiary American Centrifuge.
There are only two types of technologies currently in use for enriching uranium. Most of the worldâs supply of enriched uranium comes from using high speed centrifuges to separate the lighter U235 isotope from U238. General Matter did not specify in its press statements which method it plans to use. Given the capital requirements and long lead time necessary to build centrifuge plants, laser enrichment offers a faster path to market.
More recently, laser enrichment methods have been developed and are planned to enter commercial use. In this process a tuned laser beams zaps an incoming stream of uranium hexafluoride (UF6) separating the U238 and U235 isotopes. The process is used by multiple developers because it is expected that once in production mode it will be more efficient than centrifuges and will use less electricity.
Last December the American Nuclear Society Nuclear News Wire reported two firms which received DOE contracts to produce HALEU fuel are using laser enrichment. All the other firms awarded contracts to enrich uranium to HALEU levels use centrifuges.
- GLE is demonstrating and hopes to commercialize Silex laser enrichment technology and announced earlier this year that it would not pursue a HALEU contract from the DOE, opting instead to focus on âits first commercial priority of establishing the Paducah Laser Enrichment Facility (PLEF) for production of natural-grade uranium hexafluoride (UF6).â GLE recently purchased land for that facility.
- LIS Technologies, a laser enrichment firm, recently announced that it has closed a $22 million funding round to support physical test work and test-loop demonstrations at the companyâs secured facility in Oak Ridge, Tenn.
Last November TerraPower has signed a term sheet with ASP Isotopes for the construction of a uranium enrichment facility in South Africa and a supply agreement for HALEU fuel delivery for the Natrium reactor. The term sheet covers the preparation of definitive agreements in which TerraPower would provide funding for the construction of a high-assay low-enriched uranium (HALEU) production facility.
The agreement is the first step towards a two-fold definitive agreement. TerraPower plans to invest in the construction of a HALEU enrichment facility in South Africa, and TerraPower would purchase HALEU from the facility. In addition, the parties anticipate entering into a long-term supply (10 years) agreement for the HALEU expected to be produced at this facility. The amount of HALEU to be produced under the agreement was not disclosed in press statements. Financial details of the agreement were not disclosed.
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Terra Innovatum Goes Public Aiming for $230 million
Terra Innovatum, one of several competitors seeking to develop small-scale nuclear power, is set to go public by merging with the blank-check firm GSR III Acquisition Corp. (Press release)
The company has a pre-money equity valuation of $475 million in the transaction, according to a statement confirming an earlier report by Bloomberg News. The deal will provide Terra Innovatum with up to $230 million in gross proceeds as it seeks US Nuclear Regulatory Commission approval to deploy its reactor design commercially by 2028.
A Bloomberg report notes that the firm is facing a frozen IPO market. For this reason it decided that merging with a SPAC. Terra Innovatum Chief Business Development Officer Giordano Morichi said in an interview with the wire service it is the fastest and easiest route to public trading on NASDAQ.
âThe SPAC will enable us to get this product out to the market, and exit it faster than most others,â Morichi said.
He added, âBrand recognition from the Nasdaq listing will help generate more customers and partners.â
The transaction is expected to close in the second half of the year, with Terra Innovatum beginning trading on the NASDAQ under the symbol NKLR.
History of Development of the Reactor Design
âThe idea was to challenge our design with the most important authority in the world for nuclear designs,â said Alessandro Petruzzi, Terra Innovatum co-founder and chief executive officer, adding that the company plans to build its first reactor in the US.
The companyâs micro modular reactor design, trademarked by the name SOLO, can deliver about 1MW of electricity using either standard-grade or more specialized fuel. The reactor, a cube with roughly 33-foot sides, is encased in concrete and uses helium gas for cooling, avoiding the risk of hydrogen explosions in water-cooled systems.Â
Petruzzi helped conceptualize the design in 2018, after researching nuclear safety at Pennsylvania State University and the University of Pisa.Â
The reactor design is âso small that itâs really challenging from a physical point of view,â he said, âto keep enough neutrons inside a limited space.â Tackling that challenge in the design makes the reactor safer.
âYou can stand close to the reactor, stand next to it for 10 years, and take in less radiation than a chest X-ray,â Petruzzi said.
At an expected to cost about 7 cents per kilowatt-hour on a leveled basis, Terra Innovatumâs electricity would be cheaper than the current rate for industrial uses, according to US Energy Information Administration averages. That will be possible because of the use of standard grade nuclear fuel and components from an existing supply chain, Petruzzi said.
About the Solo Reactor
The U.S. Nuclear Regulatory Commission (NRC) is currently engaged in pre-application activities with Terra Innovatum as of January 2025. Terra Innovatum is developing its SOLO micro modular reactor design, intended to form the basis for a scalable modular energy platform from MWe to GWe-class. Terra Innovatum began working with the NRC in January of this year.
A SOLO unit is designed to deliver approximately 1MWe. The design features a solid heterogeneous composite moderator and is intended to accommodate both traditional zircaloy-clad low-enriched uranium (LEU) fuel or, when available, LEU+ and high-assay low-enriched uranium (HALEU) fuels.
Heat removal is accomplished by helium gas which eliminates the need for water from the reactor coolant system. The reactor is intended to feature autonomous operation, on-line safeguards-by-design, and a defense-in-depth structure of radiological barriers with the intent to minimize or eliminate emergency planning zone (EPZ) requirements beyond the operational boundary. (Regulatory Engagement Plan ML25017A401)
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Great British Nuclear Releases ÂŁ600 Million Tender for Engineering Firms to Work on SMRs
- Three companies have submitted final tenders to supply reactor technologies
(NucNet contributed to this report) Great British Nuclear (GBN) announced it will select two engineering firms to carry out ÂŁ600M (âŹ701M, $796M) worth of work on its small modular reactor (SMR) program.
The government-owned nuclear energy body released a tender for two engineering advisory firms to help with the deployment of SMR technology in the UK by the early 2030s.
The firms will work with GBN, which was set up to oversee the deployment of new nuclear power plants in the UK, to help reach a final investment decision on up to two SMR projects.
While the duration of the contracts has yet to be confirmed, the notice said it was envisaged to be a term of 14 years. The firms have until September to apply, and a decision is expected by March 2026.
GBN said the engineering firms would âprovide competent resources to undertake specification, oversight, audit, review and advice for decisions relating to design, scope, budget, risk, delivery and contract complianceâ.
GBNâs Glacial Progress with SMRs
In February GBN announced that it had entered the final stage of its SMR selection process, with a final decision expected this spring. GBN owns land for potential new nuclear development at both Wylfa on the island of Anglesey â Ynys MĂŽn in Welsh â in north Wales and Oldbury-on-Severn in Gloucestershire, southwest England. The SMRs are expected to be built on these sites.
GE-Hitachi, Holtec, Rolls Royce and Westinghouse Electric were all invited to submit a final tender for the competition. Three of those companies â GE-Hitachi, Holtec, Rolls Royce â have since confirmed they have submitted final tenders.
The UK government has previously said that GBN will select one or more winners of the SMR competition in June 2025.
However, the UK government has a track record with this program of repeated postponements of key decisions. Two SMR developers, Rolls-Royce and X-Energy, have been publicly critical of the governmentâs slow walking the decision process.
In February, prime minister Keir Starmer pledged to put Britain back in the global race for nuclear energy and to reform planning rules to make it easier to build fleets of SMRs in England and Wales. However, the current UK government is struggling with budget issues and is expected to make significant spending cuts in a June 2025 time frame. At the same time it will also make an investment decision about Sizewell C as well as the SMR competition.
Investment Decision Pending for Sizewell C
The government is approaching a final investment decision regarding the Sizewell C nuclear power station, which is projected to cost $35 billion, according to a report in the Financial Times. A source cited by the newspaper offered an estimate of $50 billion. According to the Reuters wire service, the government refuted this estimate for the twin 1,650 MWS EPRs being supplied by EDF.Â
A spokesperson for Britainâs Department for Energy Security and Net Zero called the figure âspeculativeâ, adding that âdiscussions with investors are ongoing and commercially sensitive.â
Sizewell C Joint Managing Directors Julia Pyke and Nigel Cann said in an emailed statement to Reuters that claims about its costs were inaccurate and âdo not reflect the significant savings we are already making because we are building on the achievements at Hinkley Point Câ, referring to another UK nuclear project.
The Reuters report also noted that separately, Franceâs top audit body said that EDF should secure new investors in the project before committing financing to Sizewell C.
In 2024 EDF said the project would cost as much as 34 billion pounds. The original estimate in 2015 was 20 million pounds.
The financial pressure on the overall UK government budget could cause it to delay or even cancel its planned commitment to build a fleet of SMRs. Given the governmentâs priority to increase defense spending, whacking the funding for Sizewell C to recover its ballooning costs is not outside of the realm of consideration by Whitehall.
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Project Development Firm Created for Norwegian SMRs
(WNN) Progress in developing small modular reactors in Norway is indicated by the formation of a new company, Trondheimsleia Kjernekraft AS. It was founded in partnership between the future host municipalities of Aure and Heim, local energy company NEAS and Norsk Kjernekraft to develop a power plant based on multiple small modular reactors (SMRs).
Potential Customers for the Power from SMRs
According to a profile in Wikipedia, in Aure agriculture and aquaculture employ 14% of the workforce, mostly within dairy farming, fishing, and fish farming. Manufacturing industry and construction employ 26%, where the most important industries are the shipyards in Mjosundet and the natural gas processing plant in Tjeldbergodden, as well as the Tjeldbergodden Reserve Power Station. A liquefied natural gas (LNG) pipeline from the Heidrun oil field terminates here. The remaining 60.5% work in the service industry.
Key industry in Hein include Wacker Chemicals Norway AS  Holla- producer of silicon metal. The Equinor industrial facility  at Tjeldbergodden is the largest methanol plant in Europe, is also within a short driving distance to Heim.
History of the SMR Effort
Norsk Kjernekraft submitted a proposal to Norwayâs Ministry of Energy in November 2023 for an assessment into the construction of the small modular reactor (SMR) plant.
According to the preliminary plan, the plant will be in a common industrial area â the TaftĂžy industrial park â in the border area between Aure and Heim in TrĂžndelag county. The plant is planned to consist of several SMRs, with a total generating capacity of up to 1,500 MWe. This would be the equivalent of five 300 MWe SMRs.
âWith the establishment of the company, we are now positioning our region well to realize our ambitions to cut greenhouse gas emissions while preserving our nature,â said mayors Marit LiabĂž Sandvik (AP) and Henning Torset (H) in a joint statement.Â
âThese goals must be met without compromising local jobs. Nuclear power can meet the ever-increasing demand for power while meeting all the other goals and was therefore considered a good alternative. The reception among the local population has been good so far, and we will work to ensure that this continues.â
Earlier this month, the Norwegian government commissioned several agencies to develop an Environmental Impact Assessment program for the proposed SMR power plant in Aure and Heim. Recommendations are expected before the summer, and no later than September.
âIf all goes according to plan, investigations will be able to begin as early as this year,â Norsk Kjernekraft said.Â
âIf the project is realized in its entirety, it will correspond to almost 10% of all Norwegian power production and all developed wind power in Norway as of today.â
Norsk Kjernekraft aims to build, own and operate SMR power plants in Norway in collaboration with power-intensive industries.
It says it will prepare license applications in accordance with national regulations and international standards. It will follow the International Atomic Energy Agencyâs approach for milestones and focus on what creates value in the early phase.Â
Financing will take place in collaboration with commercial investors. None have been named so far and there is no indication yet of future funding commitments from the Norwegian government beyond the current assessment.
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EPC Contract for Kaiga-5 And -6 700 MW PHWR Nuclear Plants
- Units will be first in a series of indigenous PHWRs
(NucNet contributed to this report) Indiaâs Megha Engineering & Infrastructure Ltd (MEIL) has received an order from state nuclear company Nuclear Power Corporation of India Limited (NPCIL) worth about $1.5 billion (âŹ1.3bn) for the construction of two 700 MW PHWR nuclear plants in Karnataka, in the southwest of the country.
Planned PHWRS for India. Table: World Nuclear Assoc
The engineering, procurement and construction (EPC) contract for Kaiga-5 and -6 is Hyderabad-based MEILâs first major step into the nuclear energy sector, press reports in India said.
The units will be part of a series of 10 Indian-designed 700 MW pressurized heavy water reactors to be built in âfleet modeâ, designed to bring economies of scale and maximize efficiency.
Excavation work for the units began in May 2022. Indian engineering company Larsen & Toubro has already manufactured and dispatched four of the eight steam generators for the units.
NPCIL said last year that India plans to add 18 more nuclear reactors to its national energy mix by 2031-32, bringing the total nuclear power capacity of the country to 22.4 GW, a significant increase from around 6.9 GW net today. The state-owned enterprise has separately announced plans for several dozen 220 MW PHWR SMRS to replace coal-fired power plants used in heavy industries including steel, aluminum, copper, and cement plants.
The proposals, which are being sent to Indian firms, call for construction and capture use at this plants, of the Bharat Small Reactors (BHRs). NPCIL said in its request for proposals (RFP) that BSRs can provide a sustainable solution for decarbonization of these and related industries. (NPCIL RFP Full Text â PDF file)
Meeting the Financing Challenges Ahead
Indiaâs main challenges in building all these nuclear power stations is to finance them. If the country can reform its supplier liability law, and if NPCIL will allow foreign direct investment in new nuclear power stations, Indian may be able to attract the levels of investment it needs to build its fleets of new reactors.
The opportunity exists for NPCIL to segment the Indian market for new reactors into two parts.
The first part is composed of full size reactors like the new 700 MW PHWRs, as well as the 1,000 MW VVER built at Kudankulam by Rosatom. These reactors are directly managed by NPCIL. The Roastom deal involves some financing from the Russian state owned enterprise.
The second part, for the 40 or so 220 MW PHWR type SMRs, could involve targeting these plants for use to provide power to private industry including energy intensive operations like steel, aluminum and other nonferrous metals, cement plants, oil refineries and chemical plants, paper mills, glass making, etc.
Financing the SMRs could involve a combination of investments from the firms that will be customers for the power as well as foreign direct investments in the projects. NPCIL would need to update its policies on private investment in nuclear power plants.
The model it could look to is Poland where Synthos Green is planning to build GE Hitachi 300 MW SMRs for its chemical plants while the Polish government manages the financing of three Westinghouse 1,150 AP1000s.
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Westinghouse and University of Saskatchewan Partneron eVinci Microreactor
- Memorandum of Agreement Establishes Technical Collaboration to Accelerate Deployment in Saskatchewan
Westinghouse Electric Company and the University of Saskatchewan (USask) announce the signing of a Memorandum of Agreement (MoA) for technical collaboration designed to Under the agreement, Westinghouse and USask will explore collaboration opportunities for the technical development and deployment analysis for the eVinci technology.
Westinghouse is working to deploy Canadaâs first eVinci microreactor in Saskatchewan to explore industrial, research and energy use applications.
âUSask has a rich history of nuclear research and innovation. Our collaboration with Westinghouse amplifies our commitment to advancing the clean energy solutions our world needs,â said Dr. Terry Fonstad, Associate Vice-President Research at USask.
As part of the collaboration, SENS has conducted an economic analysis of the benefits and opportunities an eVinci microreactor could bring if deployed in remote communities to provide reliable and resilient power and heat. Results from the economic analysis, which covers impacts on community growth and investment, health and safety, will be announced in the coming months.
The eVinci microreactor has very few moving parts, working essentially as a battery, providing the versatility for power systems ranging from several kilowatts to 5 MWof electricity, delivered 24 hours a day, 7 days a week for eight-plus years without refueling. The technology is factory-built and assembled before it is shipped in a container.
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