U.S. uranium production increased throughout 2024, with more growth planned in 2025. The producers who can make that happen, however, were burned before by a “renaissance” that didn’t take off. Now they are watching and waiting for signals from Washington, D.C., including the impacts of tariffs, shifting relationships with global uranium producers, and funding for the enrichment task orders designed to boost demand for U.S. uranium.

NuScale Power has signed a memorandum of understanding with Prodigy Clean Energy and Kinectrics to explore and inform the development of a regulatory framework to address the licensing and deployment of a marine power station (MPS). The MPS would integrate one to 12 NuScale power modules into a marine-based nuclear power plant system. The MPS would be shipyard-fabricated and marine-transported to its deployment location, where it would be moored in place in sheltered and protected waters at the shoreline. Prodigy is Canada’s first commercial marine nuclear power developer, specializing in integrating existing power reactors into stationary-deployed marine power plant structures. Kinectrics provides life-cycle management services to the electricity industry.