The UK and US have signed a new framework agreement for civil nuclear collaboration at COP29 in Baku, aiming to pool billions in R&D to help speed up deployment of advanced nuclear technologies.
According to a UK government press release, the UK will take a leading role in the forum, which aims to support information-sharing on advanced nuclear technologies and make them available for use in industry by 2030.
Miliband said: “Nuclear will play a vital role in our clean energy future. That is why we are working closely with our allies to unleash the potential of cutting-edge nuclear technology. Advanced nuclear technology will help decarbonise industry by providing low-carbon heat and power, supporting new jobs and investment here in the UK.”
Read on for a quick summary of this week’s news or click on the links below for details.
| Advanced Reactor Technologies to be explored at upcoming New Nuclear for Maritime Summit |
| The second session of the CORE POWER Houston Summit will focus on Reactor Technologies for New Nuclear in Maritime. During this session, Phil Malone from CORE POWER, Jeff Latkowski from TerraPower, Joe Miller from BWXT, and Leah Crider from Westinghouse will explore advancements in various reactor technologies being developed for New Nuclear in the maritime sector. This US summit, now in its second year brings together experts from across the Maritime and Nuclear industries to discuss topics such as floating nuclear solutions, port electrification, applications beyond marine and coastal energy, technology, floating nuclear for offshore Oil and Gas, licensing, regulatory frameworks, maritime civil nuclear propulsion and supply chain and workforce development. Tickets for the event are filling up fast, Register for your ticket today! |
| New Nuclear in the News |
| Nuclear takes centre stage at London Ship Finance Forum |
| Leading ship finance executives have signalled that nuclear power is becoming an integral part of shipping’s decarbonisation strategy, according to discussions at the recent London Ship Finance Forum. Featuring leaders from four major banks managing multibillion-dollar shipping portfolios, the forum revealed growing recognition of nuclear technology’s potential in the maritime sector. Discussions touched on the significant development in nuclear financing with news six weeks prior that 14 international banks recently pledged significant funding for nuclear power expansion. |
| CORE POWER’s new white paper report examines the alternative marine fuel landscape and demonstrates why advanced nuclear technology, particularly when deployed in floating power plants, is uniquely positioned to scale e-fuel production for maritime decarbonisation. |
| Young voices lead nuclear’s remarkable comeback |
| A recent LA Times article said public support for nuclear power in the US is the highest in more than a decade, with transformation particularly evident among young Democrats, who are 9% more likely to support new nuclear developments than their older counterparts. The renewed enthusiasm for nuclear energy comes against the backdrop of a global struggle to reduce dependence on climate-warming fossil fuels |
| CORE POWER outlines huge potential of maritime nuclear at RINA event |
| New nuclear solutions that solve the key challenges preventing deployment of nuclear energy for civil maritime use today could potentially unlock a $3 trillion market opportunity between now and 2060, both for commercial nuclear propulsion and floating nuclear power plants (FNPPs). |
