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ATM No 116 2025 SEP 16
UK and US Forge Major Nuclear Energy Alliance Ahead of Trump’s State Visit
- The United Kingdom and United States have signed a major nuclear energy agreement to accelerate reactor development, create jobs, and strengthen clean energy cooperation ahead of President Trump’s state visit.
- Key partnerships include the deployment of advanced modular reactors by X Energy and Centrica, and plans for Natrium reactors led by TerraPower.
- The deal also covers fuel supply, data center infrastructure, and broader diplomatic engagement, marking a strategic shift toward innovation and sustainability.
Korea, Vietnam discuss boosting bilateral trade, cooperation in nuclear energy
- South Korea and Vietnam held a joint working group meeting to discuss expanding bilateral trade to $150 billion by 2030 and deepening cooperation in nuclear energy.
- They reviewed plans to implement an MoU between Korea Electric Power Corporation and PetroVietnam to develop Vietnam’s nuclear workforce.
- The two countries also agreed to hold regular director-level meetings to address business issues and strengthen collaboration in investment and supply chains.
IAEA Raises Nuclear Power Projections for Fifth Consecutive Year
- The IAEA has raised its nuclear power projections for the fifth consecutive year, forecasting that global capacity could more than double by 2050.
- Small modular reactors(SMRs) are expected to play a key role, contributing up to 24% of new capacity in the high case scenario.
- The report emphasizes that supportive national policies, investment, and regulatory harmonization are essential to achieving this growth.