Ontario Power Generation announced this week new contracts with BWXT Canada worth more than C$1 billion ($695.4 million) for projects at the Pickering and Darlington nuclear power plants.

The Department of Energy announced contracts yesterday for six companies to perform high-assay low-enriched uranium (HALEU) deconversion and to transform enriched uranium hexafluoride (UF₆) to other chemical forms, including metal or oxide, for storage before it is fabricated into fuel for advanced reactors. It amounts to a first round of contracting. “These contracts will allow selected companies to bid on work for deconversion services,” according to the DOE’s announcement, “creating strong competition and allowing DOE to select the best fit for future work.”

GE Hitachi Nuclear Energy (GEH)—the nuclear business unit of Massachusetts-based GE Vernova in partnership with Japan’s Hitachi—has announced that it is forming a group of qualified supply chain companies to advance the manufacture, commercialization, and international deployment of its BWRX-300 small modular reactor. The company stated that it is forming the group to help ensure “a reliable, cost-effective and innovative” process for getting its SMR commercialized and deployed around the world.

GE Vernova, which leads Global Nuclear Fuel (GNF) with partner Hitachi, announced February 14 that GNF has received approval from the Nuclear Regulatory Commission to manufacture, ship, and analyze the performance of nuclear fuel enriched with up to 8 percent uranium-235.

Hall

Nuclear energy stocks “have become far more compelling to many investors in recent years,” and “there are good reasons to support this carbon-free source of energy,” according to investment entrepreneur and financial lecturer Jason Hall. In an article recently published by The Motley Fool, Hall discusses the opportunities and risks of investing in nuclear energy companies and offers his perspective on three top nuclear energy stocks.

Nuclear basics and new innovations: Hall started at the beginning, describing the most basic aspects of nuclear energy: the production of heat through fission, the generation of electricity via turbines, and the mining and enrichment of uranium for fuel. He noted that there “are only a small handful of companies with the expertise and financial strength to deal with nuclear reactors, and almost all are either private, state-owned, or the subsidiary operation of a large industrial conglomerate.”