South Korea's energy ministry held a meeting with nuclear power companies and groups to strategize how to obtain the contract to build Saudi Arabia's first nuclear power plant. "The government should come up with a systematic approach by utilizing all possible resources by the end of this year," Energy Minister Paik Un-gyu said.
France will consider building new reactors to replace older ones, French President Emmanuel Macron said. An updated energy plan will be created after Electricite de France completes its Flamanville nuclear power plant and regulator ASN studies the state of aging reactors, Macron said.
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President Donald Trump's budget request for fiscal year 2019 would provide $757 million to the nuclear energy industry, $259 million less than current funding. The funding would go toward research and development, including for small modular reactors.
The Nuclear Energy Institute emphasized the need to meet the mid-2020s goal for full commercial deployment of accident-tolerant fuel and suggested a shift in the fuel licensing approach in its letter to the Nuclear Regulatory Commission. "This schedule is of key importance in the decisions our members will need to make when evaluating the ATF safety benefits against the costs of adopting this technology," NEI Technical Advisor Andrew Mauer said in the letter.
The annual World Nuclear Report found that there are 52 reactors under construction in the world as of January 2018. Construction delays occur frequently, and decommissioning has also played a part in the slowdown of reactor construction.
TAE Technologies says it could make nuclear fusion a reality by 2025 as it focuses on better molding plasma. Nuclear fusion has the potential to produce exponentially more power than traditional nuclear power plants, which use fission, in a cleaner and safer way.
China National Nuclear Power revealed it plans to create a clean energy unit. The unit will have registered capital of $15.76 million.
The two-year budget deal signed by President Donald Trump on Friday extends the production tax credit for nuclear power plants. The change is expected to help Georgia Power's Plant Vogtle expansion project and could potentially help small modular reactors.