Small Modular Reactors (SMRs)
Commonwealth Fusion Systems
Two companies developing advanced nuclear technology made landmark announcements about their plans.
Intersect Power
"Deep, collaborative partnerships combined with creative problem-solving are the only way we can meet the explosion of AI growth, as well as society's accelerating electricity demand," said Sheldon Kimber, CEO of Intersect Power.
DOE
Clean industry executives and experts at DOE's Deploy 2024 conference were surprisingly optimistic about continuing market growth linked to the boom in energy demand from data centers, AI and electrification.
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Energy leaders from the U.S. and Canada grappled with the challenges of balancing decarbonization and affordability at the New England-Canada Business Council’s Executive Energy Conference.
Kairos Power
The Nuclear Regulatory Commission has approved construction of Kairos Power’s Hermes 2 demonstration plant in Oak Ridge, Tenn.
Constellation Energy
The move comes two months after NYSERDA issued a draft blueprint for consideration of advanced nuclear technologies at a summit convened to discuss the state’s future energy economy.
DOE
The Biden administration wants to jumpstart a “nuclear deployment ecosystem” by getting 35 GW of new nuclear power online or under construction by 2035 and then build to a steady pace of deploying 15 GW per year in the U.S. and globally by 2040.
Duke Energy
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Entergy Arkansas and Invenergy
Entergy said it can tackle industrial load growth with new solar, carbon capture technology at new and existing gas plants and by possibly bringing new nuclear capacity into the mix.
ISO-NE
Deep decarbonization of the New England grid will pose major challenges related to resource adequacy and market administration, ISO-NE concluded in the final report of its Economic Planning for the Clean Energy Transition study.
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