After decades of being treated as the black sheep of the energy universe, nuclear energy is enjoying a renaissance in the U.S. and other countries around the world thanks to the need for decarbonization and growing power demand. Indeed, the world is witnessing unprecedented electricity demand growth.
NuScale Power Corp.NYSESMR develops modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. Small modular nuclear reactors SMRs are advanced nuclear reactors with power capacities that range from 50-300 MWe per unit, compared to 700 MWe per unit for traditional nuclear power reactors.
at its enrichment facility in Piketon, Ohio, becoming the first company in the Western world outside Russia to do so. A year later, the U.S. Department of Energy DoE announced a $150 million cost-shared award to American Centrifuge Operating, LLC, a subsidiary of Centrus Energy. are currently limited to research reactors and medical isotope production; however,