As evidenced by the well-attended Climate Week NYC, there is a growing awareness that nuclear energy must be incorporated into national energy strategies if net-zero goals are to be achieved. In recent years, green bonds have found solid footing in the world of energy finance. These eco-friendly issuances have evolved from supporting just wind and solar projects and are increasingly being used to power much-needed growth in the civil nuclear sector. Green bonds that have been issued over the past several years in Canada, France, Finland, and the United States are now being used to support investment in nuclear projects, from breathing new life into old reactors to in certain instances supporting nuclear new build projects. However, a question remains: Can this liquidity be deployed where and when it is needed most—to support ambitious new nuclear project buildouts?

Halden, Norway, known in nuclear circles for its long-running (1958–2018) research reactor, is partnering with Norsk Kjernekraft (aka Norwegian Nuclear Power) and Østfold Energi, a hydro, wind, and heat energy provider, to explore the idea of siting a small modular reactor plant in the municipality, located in southeastern Norway, near the border with Sweden.

Finnish energy company Fortum has announced the launch of a two-year feasibility study to explore the potential for new nuclear construction, with a focus on Finland and neighboring Sweden. The utility said it will examine commercial, technological, and societal conditions for both conventional large reactors and small modular reactors.

French utility giant EDF has announced that its NUWARD small modular reactor design will be the case study for a European early joint regulatory review led by the French Nuclear Safety Authority (ASN). Also participating in the review process will be the Czech Republic’s State Office for Nuclear Safety (SUJB) and Finland’s Radiation and Nuclear Safety Authority (STUK).

Finnish energy company Fennovoima has terminated, effective immediately, its engineering, procurement, and construction (EPC) contract with RAOS Project Oy, a subsidiary of Russia’s Rosatom, for the delivery of a 1,200-MWe VVER-1200 pressurized water reactor at the Hanhikivi site in Finland’s Pyhäjoki municipality.

Électricité de France recently announced the formation of an advisory board for NUWARD, France’s small modular reactor project. According to the company, the establishment of the International NUWARD Advisory Board (INAB) is a major step forward in support of the technology’s development.

More than a dozen of the world’s leading nuclear industry executives have teamed up with the International Atomic Energy Agency to form the Group of Vienna, with the aim of using nuclear technologies to address global challenges, including climate change, disease, and hunger.