Latest news with #SMR
Daily Express
4 hours ago
- Business
- Daily Express
Borneo key in Indonesia's nuclear push
Published on: Saturday, June 28, 2025 Published on: Sat, Jun 28, 2025 Text Size: For illustrative purposes via Unsplash Indonesia has taken a major step toward building its first commercial nuclear power plant, with PT Thorcon Power Indonesia submitting licensing documents for a molten salt reactor (MSR) project on Kelasa Island, Central Bangka. Thorcon, a Singapore-based company, aims to deploy a 500 MW MSR prototype, eventually expanding to local manufacturing. The plant is based on U.S.-developed technology using thorium, a metal more abundant than uranium and with high energy potential. Indonesia sees nuclear as key to its net-zero goals, with the International Energy Agency estimating nuclear could contribute 5 percent to its 2050 emissions cuts, according to NucNet . Borneo figures prominently in this vision. A U.S.-backed small modular reactor (SMR) site has been identified in West Kalimantan, while Danish and Indonesian firms plan a Borneo-based SMR facility to produce low-emission ammonia. Russia has also expressed interest in collaborating on nuclear projects, including floating reactors suitable for the archipelagic nation. Indonesia expects nuclear energy to enter the national grid before 2040. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Sustainability Times
a day ago
- Business
- Sustainability Times
'China in Total Shock': US Unveils Nuclear Reactor Capable of Powering 400,000 Homes and Producing Green Hydrogen
IN A NUTSHELL 💡 NuScale Power Corporation is expanding its SMR technology to address water desalination and clean hydrogen production. is expanding its SMR technology to address water desalination and clean hydrogen production. 🌊 The integrated system can produce 150 million gallons of clean water daily while generating carbon-free electricity for 400,000 homes. of clean water daily while generating carbon-free electricity for 400,000 homes. 🔬 Collaboration with PNNL has led to innovative methods for using brine as feedstock in clean hydrogen production, reducing energy use. has led to innovative methods for using brine as feedstock in clean hydrogen production, reducing energy use. 🌍 As the only SMR design certified by the U.S. Nuclear Regulatory Commission, NuScale is poised for global impact in diverse industries. NuScale Power Corporation is poised to revolutionize the way we think about energy and resource management. By leveraging its innovative small modular reactor (SMR) technology, NuScale is expanding its reach beyond traditional electricity production. Their integrated energy system aims to tackle critical global challenges such as water scarcity and clean hydrogen production, marking a significant departure from conventional energy solutions. This ambitious approach not only promises carbon-free power generation but also introduces sustainable methods for water desalination and hydrogen production. As we delve further into NuScale's groundbreaking initiatives, we'll explore how these advancements could reshape our energy landscape. Revolutionizing Water Desalination and Energy Production NuScale's integrated energy system is a pioneering solution that combines small modular reactors with reverse osmosis desalination facilities. This innovative approach is designed to produce approximately 150 million gallons of clean water daily, all while maintaining a carbon-free footprint. The system's ability to desalinate water and generate electricity simultaneously presents a dual solution to energy and water challenges. According to NuScale, a dozen of their NPMs (NuScale Power Modules) could supply desalinated water to a city of 2.3 million residents while also providing electricity to 400,000 homes. This capability highlights the system's potential in urban and industrial settings, offering a sustainable alternative to traditional energy and water management practices. By integrating these processes, NuScale is setting a precedent for future advancements in the field of energy-efficient resource management. 'Bury Them Deep': Nuclear Reactors Planted One Kilometer Underground Could Deliver Cheap and Ultra-Safe Energy for Decades Utilizing Brine for Clean Hydrogen Production A major challenge in water desalination is managing the brine byproduct. NuScale's system tackles this issue by converting brine into an industrial feedstock for clean hydrogen production. In collaboration with the Department of Energy's Pacific Northwest National Laboratory (PNNL), NuScale has developed a hydro-thermal chemical decomposition method that avoids conventional electrolysis, thereby reducing energy and water consumption. This breakthrough offers a novel approach to hydrogen production, which is increasingly in demand due to its potential as a clean energy source. By using desalination byproducts, NuScale's method not only addresses environmental concerns but also supports global efforts to increase hydrogen supply. The integration of this technology underscores the company's commitment to sustainable innovation and its potential impact on global energy and water resources. 'Space Needs Nuclear Now': This New Global Race to Harness Atomic Power Beyond Earth Is Accelerating Faster Than Expected Advanced Simulation Capabilities for Future Applications To optimize their integrated energy system, NuScale has developed an advanced simulator at their headquarters. Partnering with GSE Solutions and Fuel Cell Energy, the simulator models various configurations for hydrogen production, storage, and power generation. This tool allows NuScale to evaluate and optimize system performance for industrial applications requiring over 200 tons of hydrogen daily. The simulator's capabilities are crucial for testing and refining the system's operation, ensuring its effectiveness in real-world scenarios. By demonstrating the versatility and efficiency of their SMR technology, NuScale is paving the way for broader adoption across diverse industries. This development illustrates the company's proactive approach to addressing both current and future energy challenges with cutting-edge technology. 'Germany Goes Fusion-First': Company Pushes Bold Plan to Build World's First Operational Nuclear Fusion Power Plant Positioned for Global Impact NuScale's achievements are underscored by their status as the first and only SMR design certified by the U.S. Nuclear Regulatory Commission. This certification positions NuScale as a leader in nuclear innovation, capable of catering to a wide array of global energy needs. Their technology is poised to support applications in electrical generation, data centers, district heating, desalination, and commercial-scale hydrogen production. As NuScale continues to expand its reach, its integrated energy system promises to deliver sustainable, carbon-free solutions to pressing environmental and resource challenges. By addressing water scarcity, brine remediation, and hydrogen production, NuScale is not only advancing nuclear technology but also contributing to a more sustainable and resilient future. The company's efforts exemplify the potential of innovation to transform industries and improve the quality of life worldwide. NuScale's approach to integrated energy and resource management is a testament to the power of innovation in addressing global challenges. As the company continues to develop and refine its technology, the potential impact on energy and water resource management is immense. With such promising advancements, one must wonder: How will other industries adapt to and integrate these groundbreaking solutions in the coming years? Our author used artificial intelligence to enhance this article. Did you like it? 4.7/5 (28)
Yahoo
2 days ago
- Business
- Yahoo
Citi Starts Coverage of NuScale Power (SMR) Stock, Gives Neutral
NuScale Power Corporation (NYSE:SMR) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Citi analyst Vikram Bagri began coverage of the company's stock with a 'Neutral' rating and a price objective of $46. The company possesses a first-mover advantage in the industry, which is aided by increased power demand due to the data centers and AI. A Nuclear power plant with all its safety & security protocols in place. Notably, NuScale Power Corporation (NYSE:SMR)'s unrated and approved 77 MW design, modular technology, relationship with Fluor, supply chain partnerships, and no HALEU dependence place it well amidst competition, while new contract announcements remain on the horizon, added the analyst. However, it was also pointed out that significant execution risks are there, while the stock appears to be pricing nearly 50 GW of installs by 2040, added Bagri. NuScale Power Corporation (NYSE:SMR) announced that it has received design approval from the US Nuclear Regulatory Commission for the uprated 250 MWt (77 MWe) NuScale Power Modules. In Q1 2025, the company's revenue rose $12.0 million to $13.4 million compared to $1.4 million. This rise was due to revenues generated from FEED Phase 2 project as well as the Technology License Agreement for the RoPower Doicești power plant. While we acknowledge the potential of SMR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. 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
Yahoo
2 days ago
- Business
- Yahoo
NuScale (SMR) Drops by Double Digits on Analyst Downgrade
We recently published . NuScale Power Corporation (NYSE:SMR) is one of the worst-performing stocks on Wednesday. NuScale Power dived by 10.59 percent on Wednesday to end at $38.66 apiece as investor sentiment was dampened by an investment company's downgrade of its stock to 'neutral' from 'buy.' In its market note, BTIG said its revision was based on NuScale Power Corporation's (NYSE:SMR) limited visibility into orderbook growth, coupled with a stretched valuation following a sharp rally in its share price. Year-to-date, NuScale Power Corporation (NYSE:SMR) already saw a 118.29-percent increase in its share prices, while the past year alone saw a 252.42-percent rally in its stock. In recent news, NuScale Power Corporation (NYSE:SMR) joined forces with Paragon Energy Solutions to support the expansion of the nuclear industry. A Nuclear power plant with all its safety & security protocols in place. Under the signed strategic agreement, Paragon Energy will supply NuScale Power Corporation (NYSE:SMR) with its CoreVision Neutron Monitoring System technology and its Highly Integrated Protection System (HIPS), which will then be incorporated into ENTRA1 Energy PlantsTM utilizing NuScale SMR technology. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
NuScale Power (SMR) Skyrockets 18.47% on Paragon Energy Partnership
We recently published . NuScale Power Corporation (NYSE:SMR) is one of the stocks that soared higher on Tuesday. NuScale Power soared by 18.47 percent on Tuesday to close at $43.24 apiece following news that it joined forces with Paragon Energy Solutions to support the expansion of the nuclear industry. Under the signed strategic agreement, Paragon Energy will supply NuScale Power Corporation (NYSE:SMR) with its CoreVision Neutron Monitoring System technology and its Highly Integrated Protection System (HIPS), which will then be incorporated into ENTRA1 Energy PlantsTM utilizing NuScale SMR technology. A Nuclear power plant with all its safety & security protocols in place. The new agreement deepened their earlier collaboration signed in 2021, which included Paragon in the project development and execution of SMR and advanced reactor markets. 'At NuScale, we are focused on delivering power that is not only clean and reliable, but most importantly, that is safe, and our partner Paragon is aligned with that mission. Paragon will provide key monitoring and protection capabilities for ENTRA1 Energy PlantsTM utilizing NuScale SMR technology as we prepare for near-term deployment and for bringing safe, always-on energy to users around the world,' said NuScale Power Corporation (NYSE:SMR) President and CEO John Hopkins. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
