The Department of Energy reissued a $900 million solicitation on March 24 designed to de-risk the deployment of “Gen-III+” light water small modular reactors. The same funding was previously offered in October 2024, with applications due January 17. Now, potential applicants have until April 23 to apply for a grant under a solicitation modified to “better align with President Trump's bold agenda to unleash American energy and AI dominance.”

The opening of an Energy Exploration (E2) Center at Rensselaer Polytechnic Institute in Troy, N.Y., was announced by NuScale Power Corporation on March 24. The training center will provide students from RPI’s School of Engineering an opportunity to gain a firsthand understanding of advanced nuclear technology and the role it will play in the global energy transition, as well as of the features and functionality of NuScale’s small modular reactor technology.

Learn more about NuScale E2 Centers here.

A bill that would fully repeal the state’s entire moratorium on new nuclear projects survived a key deadline in the Illinois General Assembly last week.

To stay afloat in the spring legislative session, bills needed to be assigned to committee by March 21, and state Sen. Sue Rezin’s Senate Bill 1527 now sits with the Senate’s Energy and Public Utilities committee for review.

The final passage of Senate Bill 424 from Indiana’s House of Representatives last week sent a key piece of pronuclear legislation to Gov. Mike Braun for final approval.

The legislation offers public utilities that want to develop small modular reactors in the Hoosier State to recover preconstruction costs from their customers before the project even begins. The company would have to petition the Indiana Utility Regulatory Commission and, if approved, would have the opportunity to establish a new rate that reflects the cost of the project.

Melbye

During an interview for Kitco News at the 2025 Prospectors & Developers Association of Canada (PDAC) Convention, held in Toronto in early March, the chief executive of British Columbia–based Uranium Royalty Corp. noted, “I’ve never seen a better narrative around nuclear power [and] uranium.”

CEO Scott Melbye, who is also executive vice president of Texas-based Uranium Energy Corp. and has 41 years of experience in the uranium sector, added that nuclear energy has gone from stagnation or decline to a point where it may double by 2040.

A pair of bills working their way through the Iowa statehouse aim to promote nuclear energy projects in the state—in part by changing how the plants would be regulated and funded.

Patrick Fragman, Westinghouse’s chief executive, said in a recent interview with Politico that the U.S. and Europe are still ideal partners on nuclear power.

Even though President Trump’s latest policy moves are straining some U.S. relations with nations, “Westinghouse stresses it’s a private company that is now Canadian-owned—and that nuclear projects function on a time scale that extends beyond politicians,” Fragman told Politico.

For the full Politico article, click here.

As part of a broader series on the future of global energy markets, S&P Global has released a report on examining the growing interest in nuclear power as the solution to many of the problems the energy sector faces.

To read the full details and conclusions of the report, click here.

As part of a broader series on the future of the global energy markets, S&P Global has released a new report examining the growing interest in nuclear energy as the solution to many of the problems the energy sector faces.

Aiming to deploy the nation's first small modular reactor, TerraPower has announced contracts for the final long-lead items needed for its Natrium unit, currently under construction in Wyoming.

Leaders from Holtec International and Hyundai Engineering & Construction gathered at the Palisades site in western Michigan today to announce an “expanded cooperation agreement” to build a 10-GW fleet of Holtec-designed SMR-300s in North America. That fleet’s first builds would be at Palisades, where Holtec is now focused on restarting the site’s shuttered 777-MWe pressurized water reactor by the end of this year. Under the “Mission 2030” plan launched today, Holtec would then build a pair of SMR-300 PWRs at the Palisades site—targeting operation in 2030.

The top three utilities in Arizona are teaming up to explore opportunities to add nuclear generation facilities in the state.

Arizona Public Service (APS), Salt River Project (SRP), and Tucson Electric Power (TEP) announced in a February 5 news release that they are working together to assess possible sites, including retiring coal plants. The group is looking at possibilities for both small modular reactors—units generating 300 MW or less—and potential large reactor projects, which could generate nearly five times the power.

Texas A&M chancellor John Sharp has announced that the university could soon become a home to small modular reactors from four advanced nuclear companies: Kairos Power, Natura Resources, Terrestrial Energy, and Aalo Atomics.

An official ground breaking on Monday for Swedish nuclear company Blykalla’s advanced reactor testing site marked a pivotal step in putting decades of research into action.

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.

Iowa’s lone nuclear plant may soon see new life as NextEra Energy takes a step toward relicensing the Duane Arnold nuclear power plant.

The Tennessee Valley Authority announced last week the selection of several partners—Bechtel, Sargent & Lundy, and GE Hitachi—to advance plans for what the company hopes will be its first small modular reactor project at its Clinch River site.

A recent Bulletin of the Atomic Scientists article cautions that uncertainty regarding the management of wastes generated by small and advanced reactors could drive up costs, making them uncompetitive with existing light water reactor technology.

Advanced nuclear reactor company Last Energy joined with two Republican state attorneys general in a lawsuit against the Nuclear Regulatory Commission, arguing that some microreactors should not require the commission’s approval.

NuScale Power Corporation this week announced the opening of its Energy Exploration (E2) Center at the Ohio State University in Columbus.