Nuclear Energy

The US government is set to announce a landmark agreement allowing Saudi Arabia to develop a civilian nuclear program, reshaping Middle East geopolitics.

Core Summary The Trump administration announced on June 23 a loan package totaling $17.5 billion to support the construction of ten large nuclear reactors across the United States. This represents the largest direct federal financial support for the nuclear energy sector in recent years, marking a major strategic shift in US energy policy toward nuclear power. Event Details The Department of Energy officially unveiled the details of the loan program. The funds will be distributed through the DOE’s Loan Programs Office to support multiple energy companies in building next-generation large light-water reactors at various sites across the country. The projects receiving loan support are spread across multiple states, covering the full industrial chain from reactor design and equipment procurement to construction. ...

Belgium’s government announced plans to buy all nuclear reactors from French energy giant Engie to secure the country’s energy supply, reversing nuclear phase-out legislation from the early 2000s.

On the 40th anniversary of the Chernobyl nuclear disaster, the ongoing Russia-Ukraine conflict has brought new risks to the site. Drone attacks, damaged infrastructure, and staffing shortages are compounding nuclear safety concerns.

Nuclear startup X-Energy goes public with geothermal company Fervo Energy following soon after, signaling a potential turning point for the climate tech sector.