BWXT to acquire Kinectrics in “complementary” $525M deal
Nuclear manufacturer BWX Technologies has announced its plan to acquire Kinectrics Inc. for approximately $525 million. The deal is expected to close in mid-2025.
Nuclear manufacturer BWX Technologies has announced its plan to acquire Kinectrics Inc. for approximately $525 million. The deal is expected to close in mid-2025.
While the United States was celebrating Thanksgiving Day, Canada’s Nuclear Waste Management Organization (NWMO) announced that it has selected a site in northwestern Ontario for a deep geologic repository to hold the country’s spent nuclear fuel
Canada’s Nuclear Waste Management Organization (NWMO) announced that Wabigoon Lake Ojibway Nation has indicated its willingness to support moving forward to the next phase of the site selection process to host a deep geological repository for Canada’s spent nuclear fuel.
The municipality of South Bruce, located near the Bruce nuclear power plant in southwestern Ontario, voted narrowly in favor of being a willing host to a potential deep geologic repository for Canada’s spent nuclear fuel. The official declaration of results from the municipality showed that 51 percent of South Bruce residents voted in favor of the referendum, with 1,604 voting "yes" and 1,526 voting "no." Voter participation was 69 percent, surpassing the 50 percent voter turnout required to make the vote binding by law.
The Jamaican government last week signed a memorandum of understanding with Atomic Energy of Canada Limited and Canadian Nuclear Laboratories to bring nuclear power to the island nation.
Addressing the signing ceremony at Jamaica House on October 22, Jamaican prime minister Andrew Holness said the partnership reflects the government’s unwavering commitment to diversify the country’s energy portfolio with new, clean, and sustainable alternatives.
“[It] marks a pivotal moment in Jamaica’s energy transformation as we take a bold and forward-thinking step by signing this memorandum of understanding," he said. "This move is about reducing your cost of living, a major part of it being the cost of energy."
Waste Management Symposia announced that the theme of next year’s Waste Management Conference (WM2025) will be “Empowering A Sustainable Future—Advanced Technologies, AI, and Workforce Development across the Nuclear Landscape.” To be held in Phoenix, Ariz., March 9–13, the conference will showcase how new technologies and the evolving digital world are transforming the global nuclear landscape, supply chains, infrastructure, and work norms.
As Bruce Power continues predevelopment work, public input is being sought on the potential Bruce C nuclear power expansion project in Ontario.
Bruce Power recently submitted its initial project description to the Impact Assessment Agency of Canada for an expansion that would add up to 4,800 MWe. Earlier this year, the Canadian government announced up to C$50 million ($36.8 million) in funding for the Bruce C project, which would be Canada’s first major expansion of a large nuclear plant in decades.
Bruce Power has announced the completion of its Unit 3 reactor removal—a milestone on its Major Component Replacement (MCR) project aimed at extending the Bruce plant’s operational life through 2064.
The township of Ignace in northwestern Ontario has indicated its willingness to host a potential deep geologic repository for Canada’s spent nuclear fuel. The town council voted unanimously on July 10 to pass a resolution indicating its willingness to participate in the Nuclear Waste Management Organization’s (NWMO's) process for selecting a repository site, making it the first Canadian community to officially move forward with the next phase of a site selection process that began in 2010.
The European Commission has issued a positive opinion on the technical and nuclear safety aspects of the construction of Units 3 and 4 at Cernavoda nuclear power plant in Romania.
Under the Euratom Treaty, nuclear project developers are required to notify the EC of planned investments and to demonstrate compliance with the highest nuclear safety standards.
Japan’s Kyoto Fusioneering, a fusion startup spun out from Kyoto University, and Canadian Nuclear Laboratories have announced the formation of Fusion Fuel Cycles Inc., headquartered in Chalk River, Ontario, Canada. The joint venture extends a strategic alliance formed between the two entities in September 2023 and aims to develop and deploy deuterium-tritium (D-T) fusion fuel cycle technologies.
Canada’s Nuclear Waste Management Organization, a not-for-profit organization responsible for the long-term management of the country’s intermediate- and high-level radioactive waste, is set to select a site for a deep geologic repository by the end of the year.
The OECD Nuclear Energy Agency is hosting a workshop on the economics of small modular reactors in Ottawa, Canada, on February 27, 2024.
The workshop will be an in-person event, with no hybrid or virtual attendance option. There is no cost for the workshop, but attendees from relevant organizations will be prioritized due to room capacity.
Registration is required.
The Canadian Nuclear Safety Commission has decided to amend Canadian Nuclear Laboratories’ operating license for the Chalk River Laboratories, allowing the construction of a near surface disposal facility (NSDF) for low-level radioactive waste on the nuclear research site in Deep River, Ontario.
Powering our Economy and the World with Clean Energy—Our Path Forward to 2035 is a new document released by the province of New Brunswick, Canada, that “outlines a 12-year energy road map and supporting strategies for how the energy landscape will transition in New Brunswick and how we will achieve our energy reliability, sustainability, and affordability goals.”
A message at the beginning of the document—signed by the New Brunswick premier Blaine Higgs and minister of natural resources and energy development Mike Holland—notes the importance of engaging New Brunswickers on the province’s energy future. “We will be forming an energy transition working group” to gather input from provincial stakeholders, the letter states.
Leaders of five nations that collectively represent 50 percent of the world’s uranium conversion and enrichment capacity—the United States, Canada, Japan, France, and the United Kingdom—are making a habit of meeting on the sidelines of global climate talks to pledge their commitment to securing the nuclear fuel supply chain. On December 7 at the Net Zero Nuclear Summit—an event held in Dubai, United Arab Emirates, during the UN Climate Change Conference, or COP28—representatives of those nations announced plans to “mobilize at least $4.2 billion” in government and private investment in enrichment and conversion capacity. The commitment expands on an initial civil nuclear fuel security agreement that the so-called Sapporo 5 reached in April 2023, when they met (as now, on the sidelines) during a G7 Ministers’ Meeting on Climate, Energy, and Environment in Sapporo, Japan.
Outside my office, there is a display case filled with rock samples from all over the world. It contains a disk of translucent, orange salt from the Waste Isolation Pilot Plant near Carlsbad, N.M.; a core of white-and-bronze gneiss from the site of the future deep geologic repository in Eurajoki, Finland; several angular chunks of fine-grained, gray claystone from the underground research laboratory at Bure, France; and a piece of coarse-grained granite from the underground research tunnel in Daejeon, South Korea.
Ontario Power Generation (OPG) subsidiary Laurentis Energy Partners has opened, in partnership with EnergySolutions Canada, a new 42,000-square-foot facility in Kincardine, Ontario, that will minimize waste associated with nuclear energy generation in the Canadian province, the company announced this week.
German-based radiopharmaceutical biotech company ITM Isotope Technologies Munich and Canadian Nuclear Laboratories are launching a new joint venture company for the industrial-scale production of actinium-225, which is used in targeted alpha therapies to fight cancer. The new company is being called Actineer.
The Nuclear Waste Management Organization, the not-for-profit organization responsible for managing Canada’s spent nuclear fuel, said it will begin developing a plan for a consent-based siting process for a deep geologic repository for intermediate-level and nonfuel high-level radioactive waste.