Jae-Fu Kim of The Korea Economic Daily reports that NuScale is in talks to build a small modular reactor (SMR) plant in South Korea. “The NuScale Power Module is built based on pressurized water-cooled reactor technology and can supply power for electrical generation, district heating, desalination, commercial hydrogen production and other process heat applications, according...

"NextEra is placing its wager as it becomes increasingly challenging to develop renewable-energy projects. Federal and local permitting for such projects is time-consuming, supply-chain snarls have slowed progress, and opposition is mounting in communities around the country."

BusinessWire reports that Ultra Safe Nuclear Corporation, Hyundai Engineering, and SK ecoplant have agree to develop clean hydrogen with micro nuclear power. “The ‘Hydrogen Micro Hub’ is a facility that produces hydrogen by applying a high-temperature electrolysis process of solid oxide electrolysis cells (SOEC) to the electricity and high-temperature steam generated by USNC’s Micro-Modular™ Reactor...

"'We want to build the smallest fusion reactor in the world. Then we’re talking about a project that’s maybe tens of millions of dollars, not billions, and you could actually do it with a small team,'" Avalanche CEO Robin Langtry tells the paper."

"The Fusion Industry Association, based in Washington, D.C., has tracked more than $5 billion in private funding, with seven firms raising at least $200 million. Around 75% of fusion fundraising has happened since 2021, according to PitchBook."

"The prominent, early-stageclimate tech VC firm Congruent Ventures has closed a $300 million-plus 'Continuity Fund' that will aid companies in its existing portfolio."

WRAL TechWire reports that NET Power is taking steps to build its $750-$950 million power plant. “NET Power already operates a demonstration plant for its technology in Texas. Design work for the larger plant is expected to be completed in 2024, according to the company. Target launch date is 2026.” Read the full article here.

"Noya's DAC machines are modular devices that can be stacked on top of each other to capture more carbon."

"Occidental executives said it would power the Permian plant with solar energy and additional renewable power from the grid, and it has also looked into potentially powering its plants with mini-nuclear reactors, according to people familiar with the matter. The company also said it is exploring using energy from natural-gas powered plants that capture their own CO2, an early-stages technology in which it has invested."