Nuclear Energy
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Despite setbacks, NuScale again seeks gov't $$$
The Corvallis small-scale nuclear reactor maker NuScale Power LLC again wants a chunk of impending Energy Department grants. NuScale confirmed it’s trying to land money after the Department of Energy’s…
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Oregon State starts construction on $4.8M nuclear facility
Oregon State University started construction on a $4.8 million facility for testing a new nuclear technology expected to be safer, more efficient and less waste-producing. Researchers said the technology…
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Fluor exec steps in as NuScale Power CEO
NuScale Power this week said an executive from its biggest investor, Fluor Corp., will take over as CEO. John L. Hopkins will replace Paul G. Lorenzini, the Corvallis-based nuclear energy startup's co-founder…
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Nuclear energy is at a crossroads
It came as a surprise to Doug Holderbaum when the Japanese government on Sept. 14 announced it had decided to phase out nuclear power following the Fukushima Daiichi nuclear accident last year. The director…
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NuScale sets up nuclear reactor control room simulator in Corvallis
NuScale Power LLC announced Wednesday it opened a small modular nuclear reactor control room simulator, designed to demonstrate and enhance the safety of its nuclear power plant design. The simulator,…
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Report: Pacific tuna tainted by Fukushima radiation
Scientists have found trace elements of radioactive isotopes in Pacific bluefin tuna migrating from coastal Japan to the shores of Southern California, the Wall Street Journal reported Tuesday. The amount…
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Gov. Perdue wants more nuclear business in N.C.
North Carolina Gov. Bev Perdue invited nuclear industry executives to move operations to North Carolina, and Progress Energy Inc. CEO Bill Johnson predicted a strong future for the industry as the Nuclear…
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OSU gets $1.1M from DOE for more nuclear research
Secretary of Energy Steven Chu announced Tuesday a wide-ranging $47 million program for funding nuclear energy research at 46 universities and colleges across the country. Oregon State University, the…
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NuScale builds on S.C. partnership
NuScale Power LLC added an economic development partnership to its work to build a small modular nuclear reactor at the Savannah River Site in South Carolina. NuHub, an initiative by a public-private…
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NuScale forges DOE partnership in South Carolina
NuScale Power LLC has formed a new partnership with the U.S. Department of Energy furthering efforts to deploy the company’s small, modular nuclear reactors at the department’s Savannah River Site…
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FirstEnergy eyes small modular nuclear reactors
FirstEnergy Corp., the nation’s largest utility, is looking at small modular nuclear reactors as potential new additions to the company’s power portfolio. Pete Sena, president and COO of FirstEnergy…
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NuScale, others go after federal funding
NuScale Power Inc. and a handful of other small-scale nuclear reactor companies are competing for a $452 federal grant from the U.S. Department of Energy aimed and bringing the new energy technology to…
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Renewables pass nuclear as power source in U.S.
Renewable energy sources -- wind, water, solar and others -- passed nuclear generation as a share of U.S. power in September, according to the Energy Information Administration. In the EIA’s latest…
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PNNL teams win DOE honor award
Three teams of researchers from Pacific Northwest National Laboratory received special Honor Awards from Energy Secretary Steven Chu Thursday for their service to the Department of Energy. "The employees…
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NuScale Power celebrates $30M rescue
NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Executives from NuScale, Fluor and elected…
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NuScale closes $30M investment from Fluor
NuScale Power will announce Thursday that it closed on a $30 million investment that will save the nuclear energy startup from what had become a financial nightmare. Fluor Corp. purchased a majority stake…
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Uranium mine under consideration in eastern Oregon
An Australian company is exploring the option of establishing a uranium mine in southeastern Oregon, according to a report in Eugene Weekly. Energy Ventures Ltd., based in West Perth, Australia, has formed…
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Judge clears path for NuScale sale
A federal court judge on Tuesday rejected a third-party's request to make a competing bid to buy a controlling stake in Corvallis-based NuScale Power Inc. Ramon Illarramendi had asked the U.S. District…
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Berkman withdraws attempt to block NuScale sale
A Florida investment fund backed by one-time Oregon-based financier Craig Berkman has backed off its attempts to block the sale of NuScale Power Inc.’s assets. A majority stake of Corvallis-based NuScale…
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MIT gets bulk of U.S. nuclear energy grants
The Massachusetts Institute of Technology was selected to receive the lion’s share of $17.7 million in U.S. Department of Energy funds aimed at strengthening nuclear research projects at universities…
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NuScale seeks federal help to secure $30M
As NuScale Power Inc. works to secure a $30 million investment from Fluor Corp., the federal Securities & Exchange Commission is asking a federal court judge to turn away the efforts of two parties looking…
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NuScale in talks for $30M investment from Fluor
NuScale Power Inc. is in talks to receive a $30 million investment from a division of Texas engineering firm Fluor Corp., Dow Jones Newswires reported Tuesday. Fluor Enterprises Inc., a unit of Irving,…
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Father of Ponzi scheme operator wants to buy NuScale
The father of the man accused of running a Ponzi scheme that left NuScale Power scrambling for capital now wants to buy the Corvallis nuclear energy startup. Ramon Illarramendi on Wednesday asked the…
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S.F. green power option will come at a price
For San Francisco power customers, it’s not cheaper being green. The San Francisco Public Utilities Commission was set to approve power rates for San Francisco’s nascent public power program — CleanPowerSF…
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NuScale brings back workers, eager for new capital
NuScale Power Inc. is bringing back furloughed workers and has hopes of raising new rounds of capital. But before that can happen, the Corvallis-based nuclear energy startup’s shares need to be freed…
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