On March 16, the U.S. Export-Import Bank issued letters of interest for $4.2 billion to support Japan and South Korea's purchases of enriched uranium. $2.4 billion is allocated for Japanese utilities and $1.8 billion for South Korean utilities. This move aims to reduce reliance on Russian suppliers and secure a domestic nuclear fuel chain within the U.S. On March 17, Oklo announced that the U.S. Department of Energy approved its Nuclear Safety Design Agreement for its test reactor. On March 21, Amazon-backed X-energy filed for an IPO, capitalizing on rising interest in nuclear power due to increasing energy demand from AI.
The U.S. Export-Import Bank (EXIM) board has unanimously approved a notification to Congress regarding a proposed $2.7 billion loan for Perpetua Resources' Stibnite Gold Project. This financing package includes a $2.2 billion direct loan, with the remaining balance covering capitalized interest and fees to fully fund…
Read the full storyU.S. grid operator PJM Interconnection has informed Constellation Energy (CEG) that the Three Mile Island nuclear plant likely cannot connect to the power grid until 2031. This new timeline represents a significant four-year delay from the company's original restart plans, impacting long-term growth projections. The…
Commercial Metals Company (CMC) reported blowout fiscal second-quarter 2026 earnings on March 26, significantly exceeding market expectations. The exceptionally strong results are being viewed by analysts as a leading indicator of a broader turnaround and recovery within the American steel industry. This performance…
Microsoft and Nvidia have announced a strategic collaboration to integrate artificial intelligence into the design, permitting, and operation of nuclear reactors. This partnership aims to address the rapidly increasing electricity demands of AI data centers by enhancing the efficiency of nuclear infrastructure. A…
Oklo Inc. (NYSE: OKLO) announced that its subsidiary, Atomic Alchemy, received U.S. Department of Energy (DOE) approval for the Nuclear Safety Design Agreement regarding the Groves Isotopes Test Reactor in Texas. This milestone, part of the DOE's Reactor Pilot Program (RPP), marks a significant step in advancing the…