| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | |
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1 | Uranium Catalysts in 2024 & 2025 Most of these catalysts are in addition to the 1.5 billion lb supply deficit between 2024 - 2040. | ||||||||||||||||
2 | Demand/Supply | Category | Company | Catalyst Summary | Status | Anticipated/Actual Date | Impact Time Horizon | Impact on Uranium Demand/Supply | Source | More Sources or Notes | |||||||
3 | Supply Risk | Supply growth challenges | Kazatomprom | ✅ 2024: 6 - 7M lbs less than their prior forecast of 65M lbs (July 2024 update) ✅ 2025: Potentially 10 - 15M lbs less than their prior forecast of 80M lbs (Aug 2024 update) ⚠️ 2026: Potentially 8 - 10M lbs less than their prior forecast of 80M lbs ⚠️ 2027: Potentially 4 - 10M lbs less than their prior forecast of 80M lbs ✅ KAP's new sulfuric acid plant is delayed from 2026 to 2027. | ✅ announced | 2024 - 2025 | near term | ✅ 2024: 6 - 7M lbs less than their prior forecast of 65M lbs (July 2024 update) ✅ 2025: Potentially 10 - 15M lbs less than their prior forecast of 80M lbs (Aug 2024 update) ⚠️ 2026: Potentially 8 - 10M lbs less than their prior forecast of 80M lbs ⚠️ 2027: Potentially 4 - 10M lbs less than their prior forecast of 80M lbs | https://www.londonstockexchange.com/news-article/KAP/kap-1h24-financial-results-2025-production-update/16632134 | Ben Finegold (14:38): Uranium Endgame - Ben Finegold Interview Justin Huhn (56:55): Uranium Conference - Jan 26 at 10am ET - Sponsored by Sprott - YouTube traderferg.substack.com/p/what-im-seeing-with-uranium kazatomprom.kz/en/media/view/kazatomprom_expects_adjustments_to_its_2024_production_plans | twitter.com/quakes99/status/1746335647508619432 twitter.com/quakes99/status/1748078033939190082 twitter.com/therogueroom/status/1746637814773727485 | ||||||
4 | Demand | Inventory restocking and loans | Kazatomprom | KAP normally holds 5 - 7 months of their attributable production in inventory. ⚠️ Ending 2023 Inventory: 15.88M lbs of attributable inventory (6.9 months) ⚠️ June 2024 Inventory: 10.77M lbs of attributable inventory (4.3 months) ✅ Borrowed U3O8: 2.2M lbs to ANU energy due March 2024 ✅ Delayed Delivery of U3O8: 1.53M lbs to YCA in June 2024 | ✅ announced | 2024 - 2025 | near term | ⚠️ 8 - 13M lbs to restock plus grow inventory from mid 2024 - 2026 | Kazatomprom 2023 Financial Results | x.com/z_axis_capital/status/1768637488724156696?s=20 | |||||||
5 | Supply Risk | Supply challenges and loans | Cameco | ⚠️ 2024 Production Guidance: 33.4M lbs (includes 11M lbs of purchases) ⚠️ 2024 Sales Guidance: 32 - 34M lbs ⚠️ 2024 Market Purchases Guidance: "...we may buy up to 3M lbs in 2024." ✅ Borrowed U3O8: 2.5M lbs to repay (630k by 2025, 1.87M by 2026) ✅ Borrowed UF6: 1.56M kgU to repay (318k by 2025, 1.25M by 2026) = Total Borrowings of 6.68M lbs of U3O8 equivalent | ⚠️ announced | 2024 - 2025 | near term | ⚠️ 2024 Market Purchases: up to 3M lbs in 2024 ✅ Borrowed U3O8: 2.5M lbs to repay (630k by 2025, 1.87M by 2026) ✅ Borrowed UF6: 1.56M kgU to repay (318k by 2025, 1.25M by 2026) = Total Borrowings of 6.68M lbs of U3O8 equivalent | Page 52: https://www.cameco.com/sites/default/files/documents/CCO%202024%20Q3%20MDA%20FS%20Notes.pdf | MacroVoices #410 Justin Huhn: Investing in All Things Nuclear | twitter.com/quakes99/status/1748019943516574118 twitter.com/quakes99/status/1746335647508619432 | ||||||
6 | Demand | Inventory restocking | Cameco | Ending 2023, CCJ held inventory of 10.3M lbs of U3O8 equivalent (3.6 months). "...if we decide to increase our working inventory from current levels our market purchases could be higher." - FEB 2024 Ending 6/30/24, CCJ held inventory of 13.4M lbs of U3O8 equivalent (4.7 months). "Inventory varies from quarter to quarter depending on the timing of production, purchases and sales deliveries in the year." Ending 9/30/24, CCJ held inventory of 12.9M lbs of U3O8 equivalent (4.5 months). | TBD | 2024 - 2026 | near term | 1 - 3M lbs to restock plus grow inventory in 2024 - 2026 | Page 11: https://www.cameco.com/sites/default/files/documents/CCO%202024%20Q3%20MDA%20FS%20Notes.pdf | Page 59: https://s3-us-west-2.amazonaws.com/assets-us-west-2/quarterly/CCO-2023-Q4-MDA-FS-Notes.pdf | |||||||
7 | Supply Risk | Supply growth challenges | Rosatom / Uranium One (Russia) | TBD less supply from 6 JVs with Kazatomprom. | TBD | TBD | near term | TBD | twitter.com/quakes99/status/1746335647508619432 | ||||||||
8 | Supply Risk | Delay of new mine | Rosatom PIMCU (Russia) | No.6 mine in Krasnokamensk (3.96M lbs/yr) delayed from 2026 to 2028. | ✅ announced | January 2024 | near term | ✅ 8M lbs less from 2026 and 2027 | twitter.com/JekyllCapital/status/1749483157601067070 interfax.com/newsroom/top-stories/98614/#:~:text=%22We%20have%20set%20such%20an,Rosatom%20uranium%20strategy's%20key%20projects | nsenergybusiness.com/news/newsrussian-uranium-mine-receives-rosatom-funding-4979919/ | |||||||
9 | Supply Risk | Supply growth challenges | Uzbekistan | Uzbekistan Navoi Yuran State Enterprise reduced its plan to increase uranium production to 1.5 times by 2030 said Jamal Fayzullaev, Deputy Minister of Mining and Geology. In 2023, the previous target was 2.0 times growth by 2030. | ✅ announced | February 2024 | mid term and long term | ✅ Before 2030: TBD another 6M lbs less up until then ✅ After 2030: 4.5M lbs/yr less than forecasted | https://en.trend.az/casia/uzbekistan/3856784.html | Earlier in 2023, speaking at the Innoprom Central Asia International Industrial Exhibition held in Tashkent, Deputy Minister of Mining and Geology of Uzbekistan Omonullo Nasritdinkhodzhayev said that Uzbekistan plans to double the volume of uranium production by 2030, bringing it from 3,600 in 2022 to 7,000 by the end of the designated period. | |||||||
10 | Supply Risk | Supply challenges and loans | Orano | Less supply from their (1) SOMAÏR mine due to coup-related issues in Niger, (2) KATCO JV with Kazatomprom due to lowered production guidance and (3) Cigar Lake JV with Cameco. ✅ Borrowed U3O8: 1.2M lbs to repay to Cameco by 2027 ✅ Borrowed U3O8: 2.4M lbs to repay to Cameco by 2028 ✅ Borrowed UF6: 1.14M kgU to repay to Cameco by 2035 | ✅ announced | 2024 - 2025 | near term | ✅ 2024: 1.5 - 3M lbs less from SOMAÏR in 2024 ⚠️ 2025: TBD 500k - 2.6M lbs less from SOMAÏR in 2025 ✅ 2027: Borrowed 1.2M lbs U3O8 to repay to Cameco by 2027 ✅ 2028: Borrowed 2.4M lbs U3O8 to repay to Cameco by 2027 ✅ 2035: Borrowed 1.14M kgU UF6 to repay to Cameco by 2035 | Orano / Company Blames ‘Highly Degraded’ Niger Situation For Half-Year Losses | https://channel.royalcast.com/orano-en/#!/orano-en/20240216_1 | Niger / Orano Brings Forward Maintenance Work At Somair Site As Main Supply Corridor Remains Closed :: NucNet | The Independent Nuclear News Agency | ||||||
11 | Demand | Inventory restocking | Orano | TBD inventory restocking and growth | TBD | 2024 - 2025 | near term | 1 - 3M lbs to restock plus grow inventory in 2024 - 2026 | - | ||||||||
12 | Supply Risk | Delay of new mine | Orano | Zuuvch-Ovoo mine in Mongolia (7M lbs/yr) faces delays for France’s $1.6 Billion uranium deal. A final investment agreement was expected to be signed at the end of 2023 with production due to start in 2028 but as of October 2024, an Orano official said that it might produce in 2030. | ✅ announced | October 2024 | mid term | ✅ 14M lbs less from 2028 and 2029 (7M lbs/yr for each year delayed) | France’s $1.6 Billion Uranium Deal With Mongolia Faces Delays - BNN Bloomberg | https://twitter.com/quakes99/status/1760814714160845028 | |||||||
13 | Supply Risk | Delay of new mine | Global Atomic | Dasa mine in Niger (4.4M lbs/yr) was last said to be delayed until late 2025 or Q1 2026 due to coup-related issues. | TBD | 2024 - 2025 | near term | 1 - 2M lbs if delayed by 3 - 6 months | (5:35): Global Atomic (TSX:GLO) - 2025 Production with Compelling Economics - YouTube | ||||||||
14 | Supply Risk | New mine canceled | Goviex | Madaouela mine in Niger (2.6M lbs/yr) license revoked by the government. | ✅ done | July 2024 | near term and mid term | ✅ 2.6M lbs/yr delayed indefinitely (from 2027 forward) | Niger government withdraws GoviEx mining rights : Uranium & Fuel - World Nuclear News | https://goviex.com/site/assets/files/4175/2n_corporate_presentation_final_jan2024.pdf | |||||||
15 | Supply Risk | New mine canceled | Orano | Imouraren mine in Niger (11M lbs/yr) license revoked by the government. | ✅ done | June 2024 | mid term and long term | ✅ 11M lbs/yr delayed indefinitely | Niger revokes mining permit for Imouraren project : Uranium & Fuel - World Nuclear News | ||||||||
16 | Supply Risk | Delay of new mine | NexGen | Rook mine in Canada (29M lbs/yr) What if news comes out that it won't produce until 2030 or 2031? (instead of 2029) | TBD | 2024 - 2026 | near term and mid term | 29M lbs/yr if delayed (for each year it were to be delayed) | twitter.com/Grainjones/status/1714657865967837576 | ||||||||
17 | Supply Risk | Existing supply challenges | Namibia mines (Rossing, Husab, etc) | In April 2024, the Bank of Namibia said uranium mining growth is expected to slow in 2024 due to water supply issues. | ⚠️ announced | 2024 - 2025 | near term | ⚠️ 2024: TBD 200k - 400k lbs less ⚠️ 2025: TBD 200k - 1M lbs less | Namibia's uranium mining growth to slow in 2024 due to water shortages | https://twitter.com/hchris999/status/1778523994297368798 | https://www.world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/world-uranium-mining-production.aspx | https://theextractormagazine.com/2024/04/15/uranium-sector-to-grow-by-3-6-in-2024-bank-of-namibia/ | |||||
18 | Supply Risk | Government legislation | USA | USA ban on Russian Uranium: Fully passed by House, Senate and signed by Biden. | ✅ done | May 2024 | near term | TBD | https://www.bloomberg.com/news/articles/2024-05-13/biden-signs-ban-on-imports-of-russian-nuclear-reactor-fuel | ||||||||
19 | Supply Risk | Government legislation | Russia | Russian ban on Uranium to Certain Countries: Putin asked officials to look into banning critical minerals like uranium. | ⚠️ announced | Q4 2024 | near and mid term | TBD | Россия готовит запрет на экспорт важнейшего сырья в недружественные страны - Экономика. НИА Самара, 28.09.2024 | ||||||||
20 | Supply Risk | Spent fuel reprocessing plant delay | Japan | Completion of Japan's Rokkasho-mura mixed oxide fuel (MOX) fabrication plant delayed from mid 2024 to 2027 (annual capacity of 800 tons of uranium). | ✅ done | August 2024 | near term | ✅ 5M lbs less from mid 2024 - 2026 (2.5 years at 2M lbs/yr) | Further delay to Japanese reprocessing and MOX plants : Waste & Recycling - World Nuclear News | ||||||||
21 | Supply Risk | Supply startup challenges | Ur-Energy | September 2024: They lowered their prior production guidance from 650k - 750k lbs to 325k - 475k lbs for 2024. November 2024: Again, they lowered their prior production guidance from 325k - 475k lbs to 240k - 280k lbs for 2024. | ✅ done | September 2024 | near term | ✅ 2024: 440k lbs less | Presentations :: Ur-Energy Inc. (URG) | ||||||||
22 | Supply Risk | Existing supply challenges | BHP | September 2024: Their YTD uranium production at their Olypmic Dam mine was -28% less (-670k lbs) compared to Q2 2024 and -19% YTD compared to 2023. October 17 2024: A storm knocked multiple power lines to the Olympic Dam mine. South Australia's energy minister said that all mining operations would cease for about a week (due to ventilation needs at the mine). October 21 2024: 2 week outage -- BHP said it will take much longer to restore power supply from 2 badly damaged transmission lines to Olympic Dam. | ⚠️ announced | October 2024 | near term | ⚠️ 2024: TBD 600k - 1M lbs less | 2025 financial results and operational reviews | ||||||||
23 | Supply Risk | Supply startup challenges | Paladin Energy | October 28 2024: Their revised 2024 production guidance of 2.6M lbs could be 500 - 700k lbs less. November 12 2024: Revised down their FY2025 production from 4 - 4.5M lbs to 3 - 3.6M lbs. | ✅ announced | November 2024 | near term | ✅ 2024: 500k - 700k lbs less ⚠️ 2025: 500k - 1M lbs less | https://www.paladinenergy.com.au/wp-content/uploads/2024/10/61233596.pdf | ||||||||
24 | Supply Risk | Supply startup challenges | Uranium Energy Corp | TBD less production from their Christensen Ranch asset. | TBD | 2024 - 2025 | near term | 2024: TBD 100k - 300k lbs less 2025: TBD 100k - 200k lbs less | |||||||||
25 | Supply Risk | Supply startup challenges | Energy Fuels | October 31 2024: They lowered their prior production guidance from 150k - 500k lbs to 150k - 200k lbs for 2024. | ✅ announced | October 2024 | near term | ✅ 2024: 125k - 325k lbs less | Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S. | ||||||||
26 | Demand | AI, Data Centers and SMRs | Last Energy | As of August 2024, the company also announced that it has reached commercial agreements for 80 units. Last Energy announced agreements for 34 units in 2023 and began 2024 with agreements for 50 units. Of the agreements, 39 of the 80 units will be built to serve data centre developers. Their plants can be manufactured, transported, and assembled within 24 months. They've begun the fabrication process and plan on bringing a first plant online in 2026. | TBD | 2025 - 2026 | near, mid and long term | TBD | Funding and commercial agreements grow for Last Energy : Corporate - World Nuclear News | Last Energy is taking the nuclear option to power data centers | Micro nuclear power: Interview with Bret Kugelmass, CEO of Last Energy | ||||||
27 | Demand | Plant restart | Holtec | Restart Palisades plant (800MW) in Michigan with a restart in Q4 2025. | ⚠️ regulatory filings review | approval May 2025 and restart 2H 2025 | near, mid and long term | ✅ Near/Mid Term: 1.2 - 3M lbs ✅ Long Term: 380k lbs/yr through at least 2051 | https://www.bridgemi.com/michigan-environment-watch/gretchen-whitmer-seeks-another-150m-restart-palisades-nuclear-plant financialpost.com/pmn/business-pmn/biden-to-offer-1-5-billion-loan-to-restart-michigan-nuclear-power-plant Where things stand in the effort to restart the Palisades Nuclear Power Plant | "...restart plan which will include countless projects, plant inspections, equipment upgrades and modifications, acquiring new fuel." "Although the DoE loan and regulatory decisions still loom, Holtec has cleared several hurdles on its way to restarting Palisades. A power purchase agreement was secured with Wolverine Power Cooperative in September and Michigan bookmarked $150 million in its 2024 budget to aid the plant's transition from decommissioning to operations." | |||||||
28 | Demand | Plant restart | Energoatom Ukraine | Restart Zaporizhzhia plant's 6 reactors (5.7GW) after repairs and inspections. | likely pending a peace deal announcement | 2025 | near, mid and long term | 2.3M lbs/yr starting 2027 | https://en.wikipedia.org/wiki/Zaporizhzhia_Nuclear_Power_Plant | ||||||||
29 | Other | Sector risk premiums and sentiment shift | End of Ukraine and Russia War | The low probabilities of an issue at the Zaporizhzhia and Kursk nuclear power plants have likely led to some investors taking less risk in the sector in order to avoid waking up to an incident. Peace would remove this risk. | likely pending a peace deal announcement | 2025 | near, mid and long term | TBD | |||||||||
30 | Other | Tariffs | USA | Starting September 27 2024, USA tariffs on Chinese uranium increased from 7.5% to 25%. | ✅ done | September 2024 | near, mid and long term | TBD | US increases import tariffs as domestic uranium production grows - World Nuclear News | ||||||||
31 | Demand | Plant restart | Nuclear Power Corporation of India | Restart the 4 reactor units of the Tarapur nuclear power plant (1.4GW). | ✅ done | April 2024 | mid term and long term | ✅ 630k lbs/yr from 2028 - 2038+ | https://world-nuclear-news.org/Articles/CORE-Energy-Systems-leads-refurbishment-of-TAPS | ||||||||
32 | Demand | Plant extension | Ontario Power Gen | Extend Pickering units 5 - 8 (2.1GW) by 2 years from end of 2024 - end of 2026. | ✅ done | October 2024 | near term | ✅ 1.9M lbs total for 2025 - 2026 (945k lbs/yr) | |||||||||
33 | Demand | Plant extension | Ontario Power Gen | Extend Pickering units 5 - 8 (2.1GW) were scheduled to shut in 2026 and will be refurbished to extend for 30 years. | ✅ announced | January 2024 | long term | ✅ 945k lbs/yr from 2034 - 2064 | news.ontario.ca/en/release/1004128/ontario-supporting-plan-to-refurbish-pickering-nuclear-generating-station Ontario to announce refurbishment of four reactors at Pickering Plant - The Globe and Mail | Pickering nuclear power plant - Global Energy Monitor | |||||||
34 | Demand | Plant extensions and power uprates | EDF (in the UK) | Extend 8 reactors at 4 plants (4.8GW) in the UK (short term extensions of 1 - 3 years). Hartlepool (1.18GW) & Heysham 1 (1.06GW) are scheduled to shut in March 2026 (2 year extension). Heysham 2 (1.24GW) & Torness (1.2GW) are scheduled to shut in March 2028 (TBD 1 year extension). | pending inspections and regulatory process | 2H 2024 - 2025 | near term | 2025: 3M lbs for Hartlepool and Heysam 1 (if extended for 3 years) 2026: 1.1M lbs for Heysham 2 and Torness (if extended for 1 year) | EDF Energy aims to extend life of UK nuclear power plants | Reuters | ||||||||
35 | Demand | Plant extension | EDF (in the UK) | Extend Sizewell B (1.25GW) from 2035 - 2055. A decision to be made in 2025. | pending inspections and regulatory process | 2025 | long term | 560k lbs/yr from 2033 - 2053 | EDF Intends to Extend Operating Life of Four UK Nuclear Plants - BNN Bloomberg | ||||||||
36 | Demand | Plant extension | Iberdrola Generación (Spain) | Extend Trillo plant (1GW) for 10 years from 2024 to 2034. | ✅ done | July 2024 | near, mid and long term | ✅ 450k lbs/yr from 2024 - 2032 | Spain’s 1 GW Trillo nuclear power plant gets 10-year license renewal | Enerdata | ||||||||
37 | Demand | Plant extension | Eskom South Africa | Extend Koeberg unit 1 (970MW) by 20 years starting summer 2024. | ✅ done | July 2024 | near, mid and long term | ✅ 420k lbs/yr from 2024 - 2043 | South African nuclear power plant wins approval for 20-year life extension | Reuters | https://en.wikipedia.org/wiki/Koeberg_Nuclear_Power_Station | |||||||
38 | Demand | Plant extension | Eskom South Africa | Extend Koeberg unit 2 (970MW) by 20 years starting November 2025. Unit 1 was granted a 20 year extension in July 2024. | pending | 1H 2025 | near, mid and long term | 420k lbs/yr from 2026 - 2045 | South African nuclear power plant wins approval for 20-year life extension | Reuters | https://en.wikipedia.org/wiki/Koeberg_Nuclear_Power_Station | |||||||
39 | Demand | Plant extension | Dominion Energy | Extend North Anna 2-unit plant (1.79GW) in Virginia for 20 years. On August 28 2024, the NRC approved extensions for unit 1 to 2058 and unit 2 to 2060. | ✅ done | August 2024 | long term | ✅ 800k lbs/yr from 2036 - 2056 | North Anna, Units 1 and 2 – Subsequent License Renewal Application | https://en.wikipedia.org/wiki/North_Anna_Nuclear_Generating_Station | x.com/HopfJames/status/1744770654220746780?s=20 | ||||||
40 | Demand | Plant extensions and power uprates | Teollisuuden Voima Oyj (TVO) | Extend Olkiluoto 1 (890MW) and Olkiluoto 2 (890MW) in Finland. Their current 60 year licenses expire in 2038. They're seeking 10-20 year extensions (to 2048 or 2058) and to uprate both plants by 80MW each (to 970MW each). | pending inspections and regulatory process | 2024 - mid 2025 | long term | 870k lbs/yr from 2036 - 2058 | EIA programme submitted for Olkiluoto 1 and 2 : Corporate - World Nuclear News | https://en.wikipedia.org/wiki/Olkiluoto_Nuclear_Power_Plant | |||||||
41 | Demand | Plant extension | Luminant / Vistra | Extend Comanche Peak units 1 & 2 (2.4GW) in Texas. Unit 1 is licensed until FEB 2030 and unit 2 until FEB 2033. | ✅ done | July 2024 | mid term and long term | ✅ 1M lbs/yr from 2029 - 2049 | Comanche Peak Nuclear Power Plant Units 1 and 2 – License Renewal Application | https://en.wikipedia.org/wiki/Comanche_Peak_Nuclear_Power_Plant | |||||||
42 | Demand | Plant extension | NextEra Energy | Extend Point Beach units 1 & 2 (1.25GW) licensed to operate until OCT 2030 and MAR 2033. | pending NRC review process | 2024 - mid 2025 | mid term and long term | 1M lbs/yr from 2029 - 2049 | Point Beach Nuclear Plant, Units 1 & 2 – Subsequent License Renewal Application | Point Beach Nuclear Plant - Wikipedia | |||||||
43 | Demand | Plant extension | FirstEnergy / Energy Harbor | Extend Perry plant unit 1 (1.25GW) in Ohio. It is licensed until MAR 2026. | pending NRC review process | 2H 2025 | near term | 500k lbs/yr from 2024 - 2044 | Perry Nuclear Power Plant Unit 1 – License Renewal Application | https://en.wikipedia.org/wiki/Perry_Nuclear_Generating_Station | |||||||
44 | Demand | Plant extension | Constellation | Extend Clinton (1.08GW) in Illinois by 20 years. It's currently licensed to operate until April 2027. | pending NRC review process | 2024 - mid 2025 | mid term and long term | 430k lbs/yr from 2026 - 2045 | Constellation Seeks License Renewal of Clinton Clean Energy Center for Additional 20 Years | Business Wire | https://en.wikipedia.org/wiki/Clinton_Power_Station | |||||||
45 | Demand | Plant extension | Taiwan Power | ❌ Maanshan Unit 1 shut down in July 2024. ⚠️ Maanshan Unit 2 scheduled to shut down in May 2025. | scheduled to be shutdown | May 2025 | near, mid and long term | ❌ 550k lbs/yr for unit 1 ⚠️ 550k lbs/yr for unit 2 | 經長：做好核電廠延役準備穩定供電…四接仍有興建必要 | Nuclear power in Taiwan - Wikipedia | |||||||
46 | Demand | Plant restarts | Japan Utilities | Japan nuclear plant restarts: 5 reactors are in the process and 10 are under review. ✅ Onagawa 2 (.82GW): restarted October 2024 ⚠️ Shimane 2 (.79GW): aiming to restart December 2024 ⚠️ Tomari 3 (.86GW): aiming to restart 2025 ⚠️ Kashiwazki Kariwa 6 (1.35GW): aiming to restart late 2025 - 2026 ⚠️ Shimane 3 (1.37GW): aiming to restart in 2030 ⚠️ Tokai 2 (1GW): TBD ⚠️ Ohma (1.38GW): aiming to restart in 2030 ⚠️ Higashidori 1 (1GW): TBD ⚠️ Kashiwazki Kariwa 7 (1.35GW): TBD | ✅ pending inspections and regulatory process | 2024 - 2030 | near, mid and long term | ✅ Onagawa 2: 370k lbs/yr starting October 2024 ⚠️ Shimane 2: 355k lbs/yr starting December 2024 ⚠️ Tomari 3: 387k lbs/yr starting in 2025 ⚠️ Kashiwazki Kariwa 6: 607k lbs/yr starting late 2025 ⚠️ Shimane 3: 616k lbs/yr starting in 2030 ⚠️ Tokai 2: 450k lbs/yr starting TBD ⚠️ Ohma: 621k lbs/yr starting in 2030 ⚠️ Higashidori 1: 450k lbs/yr starting TBD ⚠️ Kashiwazki Kariwa 7: 607k lbs/yr starting TBD | https://www.nucnet.org/news/new-economy-minister-calls-for-as-many-reactor-restarts-as-possible-10-3-2024 | 12 Nuclear Reactors Operating in Japan After Takahama Unit 2 Restart | https://x.com/DocuVerite/status/1756908117399662930?s=20 | ||||||
47 | Demand | Plant extensions | Japan Utilities | Japan's parliament passed a bill that allows reactors to apply to operate beyond 60 years. Sendai units 1 & 2 (1.78GW): NRA approved 20yr life extensions in November 2023. Takahama units 3 & 4 (1.74GW): NRA approved 20yr life extensions in May 2024. Mihama unit 3 (.78GW): TBD Oi units 3 & 4 (2.36GW): TBD | ✅ announced with more in progress | 2024 - 2026 | near, mid and long term | ✅ Sendai units 1 & 2: 800k lbs/yr from 2024 - 2042 ✅ Takahama units 3 & 4: 783k lbs/yr from 2025 - 2043 ⚠️ Mihama unit 3: 350k lbs/yr from TBD ⚠️ Oi units 3 & 4: 1.06M lbs/yr from TBD | 12 Nuclear Reactors Operating in Japan After Takahama Unit 2 Restart | Japan enacts law for operating nuclear reactors beyond 60-yr limit | |||||||
48 | Demand | Plant extensions | EDF (in France) | Belleville (2.62GW): scheduled to shut down in 2028 and 2029 Dampierre (3.74GW): scheduled to shut down between 2027 - 2030 Gravelines (5.46GW): scheduled to shut down in 2030 Tricastin: some are scheduled to shut down in the 2030s Cattenom (5.2GW): scheduled to shut down in 2035 Chinon B (3.8GW): scheduled to shut down in 2040 Chooz B (3.12GW): scheduled to shut down in 2040 SEP 2024: EDF issued 1.75M euros of green bonds for extending its existing reactors. | TBD | 2024 - 2030 | near, mid and long term | Belleville: 1.18M lbs/yr from 2026 - TBD Dampierre: 1.68M lbs/yr from 2027 - TBD Gravelines: 2.46M lbs/yr from 2029 - TBD Tricastin: TBD Cattenom: 2.34M lbs/yr from 2033 - TBD Chinon B: 1.71M lbs/yr from 2038 - TBD Chooz B: 1.40M lbs/yr from 2038 - TBD | Nuclear Power in France | French Nuclear Energy | ||||||||
49 | Demand | Plant extensions | Spain Utilities | TBD shutdown reversal and plant extensions. Under Spain's nuclear phase-out policy, its 7 reactors (7.1GW) are scheduled to shut down by 2035. The 2 reactors at Almaraz Nuclear Power Plant (2GW) are scheduled to close in NOV 2027 and OCT 2028. | TBD | 2025 | mid term and long term | TBD | Nuclear Power in Spain | Spanish Nuclear Energy | Spain: Nuclear Phaseout Possible by 2035, But Uncertain | Energy Intelligence | |||||||
50 | Demand | Plant extensions | Duke Energy | Intends to seek 20 year extensions for 11 units across 6 plants (10.7GW). | pending inspections and regulatory process | 2024 - 2025 | long term | 4.8M lbs/yr from 2030s - 2060s | twitter.com/piterloskot82/status/1720416076368912893 | https://www.nrc.gov/reactors/operating/licensing/renewal/applications/oconee-subsequent.html | |||||||
51 | Demand | Plant extension | PG&E | Extend Diablo Canyon plant (2.2GW) in California for 10 - 20 years starting 2030. | pending regulatory process | 2H 2025 | mid term and long term | 1M lbs/yr from 2028 - 2048 | Diablo Canyon - License Renewal Application | twitter.com/NRCgov/status/1752016385327120459?s=20 Diablo Canyon / NRC Accepts California Nuclear Station Licence Renewal Application :: NucNet | The Independent Nuclear News Agency | |||||||
52 | Demand | Plant extensions | Xcel Energy | Extend 3 Minnesota nuclear reactors until the 2050s. Monticello plant (671MW) and Prairie Island's 2 units (1.1GW combined). | proposed | 2025 | long term | 760k lbs/yr from 2030 - 2050 | Monticello Nuclear Generating Plant, Unit 1 – Subsequent License Renewal Application | Xcel Energy proposes to keep operating nuclear plants until early 2050s | MPR News | Nuclear | Energy Portfolio | https://www.nrc.gov/docs/ML2330/ML23304A216.pdf | |||||
53 | Demand | Plant extensions | NextEra Energy / Florida Power & Light | Extend Turkey Point Unit 3 (802MW) and Unit 4 (802MW) for an additional 20 years through 2052 and 2053. | ✅ done | September 2024 | mid term and long term | ✅ 720k lbs/yr from 2030 - 2050 | Turkey Point Nuclear Generating Station - Wikipedia | ||||||||
54 | Demand | Plant extensions | KHNP | Extend all 10 nuclear plants (8.5GW) that were scheduled to start shutting down from 2030 forward. | pending submission and regulatory process | 2024 - 2025 | mid term and long term | 3.8M lbs/yr (starting partially in 2028 then fully thru the 2030s) | [단독] 월성 2·3·4호기도 수명 연장… ‘文정부 탈원전 대못’ 뽑기로 | Nuclear Power in South Korea | Nuclear Energy in the Republic of Korea | |||||||
55 | Demand | Plant extensions | Argentina Nucleoelectrica | Extend the Atucha-1 plant (340MW) by 20 years from 2027 - 2046. | ✅ announced | September 2024 | near, mid and long term | ✅ 150k lbs/yr from 2025 - 2043 | Milei da inicio a la extensión de vida de Atucha I e impulsa el uso de energía nuclear | ||||||||
56 | Demand | Plant extensions | Engie Belgium | Extend Doel 1, Doel 2 and Tihange 1 reactors (1.83GW) by another 10 years starting in 2026. | TBD | 2025 | near term and mid term | 822k lbs/yr from 2025 - 2033 | Policy: Likely Belgian Government Promises Nuclear Push | Energy Intelligence | Nuclear Power in Belgium | |||||||
57 | Demand | Plant extensions | Rosatom | Extend the IVV-2M research reactor (15MW) for another 15 years from 2025 - 2040. | ✅ done | August 2024 | near, mid and long term | ✅ 4k lbs/yr from 2025 - 2038 | |||||||||
58 | Demand | Financial fund buying lbs | Sprott | Financial Fund: SPUT can raise up to $1B via ATM and another $.5B via private placements and direct share issuances. The total $1.5B can buy up to 9M lbs/yr of uranium in the spot market. After that, they can apply to get another approval to purchase more lbs. | pending raising funds by trading at a premium to NAV | 2024 - 2026 | near term | ✅ 2024: 3.0M lbs purchased in 2024 as of 11/11/2024 ⚠️ 2025: TBD (up to 9M lbs per year under current approved filing -- could be renewed) | https://x.com/quakes99/status/1842352103186121171 | twitter.com/piterloskot82/status/1720416076368912893/photo/1 | |||||||
59 | Demand | Financial fund buying lbs | Yellowcake | Financial Fund: Yellowcake can raise up to $100M per year to buy uranium from Kazatomprom (and if necessary, other sources) through 2027. | pending raising funds by trading at a premium to NAV | 2024 - 2026 | near term | ⚠️ 2024: none as of 11/11/2024 ⚠️ 2025: TBD (up to $100M of uranium per year through 2027 -- could be renewed beyond then) | twitter.com/piterloskot82/status/1486680905783689221 | ||||||||
60 | Demand | Financial fund buying lbs | Multiple financial funds | Financial Funds: Zuri fund, hedge funds, UROY, etc | TBD | 2024 - 2026 | near term | TBD | - | ||||||||
61 | Demand | Utilities restocking inventory levels | Western utilities | Mike Alkin: "...10 - 20M lbs of potential inventory restocking by utilities." | TBD | 2024 - 2026 | near term | 10 - 20M lbs total from 2024 - 2026 | Exploring the Uranium Bull Thesis and Structural Uranium Supply Deficit with Mike Alkin 30:15 mark: Mike says "...10 - 20 M/lbs of potential inventory restocking..." | ||||||||
62 | Demand | Utilities overfeeding or increasing tails | Western utilities | TBD if western utilities overfeed to get more enriched uranium and/or if they increase the tails % so the reactor fuel reloads can run longer | TBD | 2024 - 2026 | near term | 3 - 10M lbs/yr | - | ||||||||
63 | Demand | Government supporting HALEU production | USA | The Secretary shall implement all viable options to make HALEU available in quantities sufficient to maximize the potential for the Department to meet the needs and schedules of advanced nuclear reactor developers by: By September 30, 2024, not less than 3 metric tons of HALEU. By December 31, 2025, not less than an additional 8 metric tons of HALEU. By June 30, 2026, not less than an additional 10 metric tons of HALEU. | pending DOE process | 2024 | near term | TBD | DOE Announces Next Steps to Build Domestic Uranium Supply for Advanced Nuclear Reactors As Part of President Biden’s Investing in America Agenda | Department of Energy https://docs.house.gov/billsthisweek/20231211/FY24%20NDAA%20Conference%20Report%20-%20%20FINAL.pdf https://www.energy.gov/ne/haleu-availability-program | https://x.com/quakes99/status/1757424814871212173?s=20 | |||||||
64 | Demand | Government buying | USA | US strategic 'Uranium Reserve' reborn and merged with the 'American Assured Fuel Supply Program' as part of the NDAA signed into law in December. The initial $1.5 billion Uranium Reserve plan was intended to span 10 years to buy uranium from domestic mines and companies for conversion services. | ✅ done TBD the amounts and when they purchase | 03/08/2024 passed the House and Senate | near term and mid term | ⚠️ 3 - 5M more lbs bought from 2024 - 2030 (that is an estimate on top of the 1M lbs already purchased and separate from funds spent on conversion) | twitter.com/quakes99/status/1764756364906422640 twitter.com/quakes99/status/1745169409889669377 | Senate nuclear fuel bill targets “all viable options” for LEU and HALEU supply | https://www.bloomberg.com/news/articles/2024-05-16/us-to-offer-up-to-3-4-billion-for-nuclear-fuel-makers-in-june | ||||||
65 | Demand | Japanese loans | Japan Utilities | Market sources estimated 2,000 - 10,000 tU of Japanese nuclear fuel inventories (5 - 25M lbs of U3O8 equivalent) may have been loaned to ConverDyn, Orano and others. | pending future repayment | 2024 - 3032 | near term and mid term | 5 - 25M lbs of U3O8 equivalent | Nuclear Fuel: Japanese Utilities Largely Reluctant to Sell Inventories | Energy Intelligence | ||||||||
66 | Demand | New reactors | France EDF | France to build 8 new nuclear plants on top of 6 already announced (14 total). | ✅ announced | January 2024 | long term | ✅ 10M lbs/yr for decades (plus lbs for initial core loads) | France To Build 'Beyond' Planned Six New Nuclear Plants | Barron's | France / Energy Minister Says Draft Law Has Been Prepared For Construction Of Eight More Nuclear Reactors :: NucNet | |||||||
67 | Demand | New reactors | Iran Govt | Iran government building 4 nuclear power plants (5GW). | ✅ done | February 2024 | long term | ✅ 2M lbs/yr from 2032 - 2072+ (plus lbs for initial core loads) | Iran begins building 4 more nuclear power plants | AP News | ||||||||
68 | Demand | New reactors | Rosatom | Leningrad 7 and 8 new VVER-1200 reactors (2.4GW) aiming to enter commercial operation in 2030 and 2032. | ✅ done | January 2024 | long term | ✅ 540k lbs/yr starting 2028 and increasing to 1.1M lbs/yr starting 2030 (plus lbs for initial core loads) | Licences issued for main stage of Leningrad 7 and 8 construction | ||||||||
69 | Demand | Power uprates | Constellation Energy | Uprate the Byron and Braidwood plants by a combined 135MW by 2029. | ✅ announced | February 2024 | mid term and long term | ✅ 60k lbs/yr from 2027 - 2047 | x.com/z_axis_capital/status/1762144021940441470?s=20 | ||||||||
70 | Demand | New reactors | Ghana Govt | Ghana signed a deal with China for the construction of a HPR1000 plant (1.2GW). | ✅ announced | April 2024 | mid term and long term | ✅ 540k lbs/yr from 2030 - 2080+ (plus lbs for initial core loads) | https://energynewsafrica.com/ghana-signs-deal-with-china-for-the-construction-of-hpr1000-nuclear-power-project/ | https://gh.usembassy.gov/u-s-and-ghana-advance-cooperation-on-clean-secure-safe-and-reliable-nuclear-energy/ | |||||||
71 | Demand | New reactors | UAE Emirates Nuclear Energy Co | UAE to solicit bids for 4 more reactors (5.6GW) with the first operational in 2032. | ✅ announced | April 2024 | mid term and long term | ✅ 2.5M lbs/yr from 2030 - 2080+ (plus lbs for initial core loads) | https://www.reuters.com/business/energy/uae-planning-second-nuclear-power-plant-sources-say-2024-04-26/ | ||||||||
72 | Demand | New reactors | Czech Govt and KHNP | In July 2024, Czech government selected South Korea's KHNP to build up to 4 new nuclear reactors (4GW). Construction of the first unit is expected to start in 2029, with the reactor to go online by 2036. | process next steps | 2025 | long term | starting at 500k lbs/yr in 2034 and increasing to 2M lbs/yr (plus lbs for initial core loads) | x.com/mrfriebe/status/1752718329310036342?s=20 | Czechs ask French, S.Korean firms for binding bids for up to 4 nuclear blocks | Reuters | |||||||
73 | Demand | New reactors | Slovenia | Slovenia has plans to build a new nuclear power plant - the JEK2 project - with up to 2.4GW capacity next to its existing nuclear power plant Krško. | pending referendum | late 2024 - mid 2025 | long term | 1.1M lbs/yr in the 2030s (plus lbs for initial core loads) | Slovenia aiming for referendum on new nuclear this year | ||||||||
74 | Demand | New reactors | South Africa | The DMRE confirmed it intends to start procurement for 2.5GW of new nuclear capacity. | funding approval | late 2024 - mid 2025 | long term | 1.2M lbs/yr in the 2030s (plus lbs for initial core loads) | South Africa opens draft IRP energy plan for public comment | Latest Plans to Increase Nuclear Energy in South Africa | White & Case LLP | |||||||
75 | Demand | New reactors | Ukraine | Khmelnytskyi units 3 and 4 were started in the '80s and mothballed. Those two reactors were Russian VVER designs. Ukraine would like to resume construction in 2024/2025 (with equipment from Bulgaria). Khmelnytskyi units 5 and 6 are planned to be two AP1000 reactors. | pending construction start | late 2024 - mid 2025 | mid term and long term | TBD | twitter.com/HopfJames/status/1772321608310604210 | ||||||||
76 | Demand | New reactors | China | In August 2024, China approved 11 new reactors at 5 nuclear power plants: Xuwei Phase I, Lufeng Phase I, Zhaoyuan Phase I, San'ao Phase II and Bailong Phase I. | ✅ announced | August 2024 | mid term and long term | ✅ 5.4M lbs/yr from 2033 - 2082+ (plus lbs for initial core loads) | China approves 11 new reactors | ||||||||
77 | Demand | New reactors | Russia | In August 2024, Russia's announced that its 2042 energy plan will include 11 new nuclear power plants. | ✅ announced | August 2024 | long term | ✅ 5.4M lbs/yr from 2038 - 2087+ (plus lbs for initial core loads) | Russia's 2042 energy plan includes 11 new nuclear power plants | News.az | ||||||||
78 | Demand | New reactors | Kazakhstan | On Sunday October 6 2024, a national vote took place where 70% voted in favor to build a nuclear power plant in the country. | TBD next step | 2025 | long term | TBD | Nearly 70% of Voters Support Nuclear Power Plant Construction, Exit Poll Shows - The Astana Times | ||||||||
79 | Demand | New ship reactors | France | France will build a nuclear powered aircraft carrier with dual K22 reactors (440MW). | ✅ announced | October 2024 | mid term and long term | ✅ TBD | The French Navy's next-generation nuclear aircraft carrier will be ordered in 2025 | ||||||||
80 | Demand | Plant restart | NextEra | Restart the 615MW Duane Arnold nuclear plant in Iowa, which shut down in 2020, as technology companies desperate to build massive data centers in the US have asked clean-energy giant NextEra Energy to find them locations with enough electricity to power entire cities. October 23 2024: Company said that it is conducting engineering studies and speaking with federal regulators about restarting its Duane Arnold nuclear plant. October 29 2024: Company announced that it will sell equity to raise $1.5 billion to fund investments in energy and power projects. | TBD | TBD | mid term | 275k lbs/yr starting at a TBD date (plus lbs for initial core loads) | NextEra considers nuclear restart in Iowa, while renewable deals swell | Reuters | Tech Firms Ask NextEra for Enough Electricity to Power Entire Cities - BNN Bloomberg | |||||||
81 | Demand | Plant restart | Constellation Energy | Restart the 819MW unit 1 of the Three Mile Island nuclear plant in Pennsylvania. Constellation Energy is in discussions with the US state of Pennsylvania governor’s office and state legislators regarding funding for a potential restart. | ✅ announced | September 2024 | near term and mid term | ✅ 370k lbs/yr from 2026 - 2045 (plus lbs for initial core loads) | Constellation talking to Pennsylvania on Three Mile Island restart, sources say | Reuters | ||||||||
82 | Demand | SMRs | Kairos Power and Google | Kairos Power and Google signed a Master Plant Development Agreement to deploy a U.S. fleet of advanced nuclear power projects totaling 500MW by 2035 with the first deployment by 2030. | ✅ announced | October 2024 | mid term and long term | TBD | |||||||||
83 | Demand | SMRs | Amazon, Energy Northwest and X-energy | October 2024: "In Washington, our agreement with Energy Northwest, a consortium of state public utilities, will enable the development of 4 advanced SMRs. The reactors will be constructed, owned and operated by Energy Northwest, and are expected to generate roughly 320MW of capacity for the first phase of the project, with the option to increase to 960MW total." "We’re also making an investment in X-energy, a leading developer of next-generation SMR reactors and fuel, and X-energy’s advanced nuclear reactor design will be used in the Energy Northwest project. The investment includes manufacturing capacity to develop the SMR equipment to support more than 5GW of new nuclear energy projects utilizing X-energy’s technology." | ✅ announced | October 2024 | mid term and long term | TBD | |||||||||
84 | Demand | SMRs | Amazon and Dominion Energy | October 2024: "In Virginia, we’ve signed an agreement with utility company Dominion Energy to explore the development of an SMR project near Dominion’s existing North Anna nuclear power station. This will bring at least 300MW of power to the Virginia region." | ✅ announced | October 2024 | mid term and long term | TBD | |||||||||
85 | Demand | SMRs | Oracle and TBD Partner | September 2024: Oracle is planning to build 1GW data center powered by 3 small nuclear reactors (SMRs), according to founder Larry Ellison. CTO and chairman Ellison told investors during an earnings call this week that Oracle currently has 162 cloud data centers in operation or under construction globally, the largest of which has a capacity of 800MW and is set to house Nvidia GPU clusters. The company will "soon" begin the construction of data centers that surpass a gigawatt of capacity, according to Ellison. Ellison said, has a location already selected and is in the middle of the design process. The data center is set to be nuclear-powered, with Oracle already having building permits for three small modular nuclear reactors (SMRs). | pending | 2025 | mid term and long term | TBD | Oracle to build nuclear SMR-powered gigawatt data center - DCD | ||||||||
86 | Demand | SMRs | NuScale and Standard Power | NuScale reported to ink a $1.5 Billion Reactor Equipment Deal with South Korea’s Doosan Enerbility to build up to 24 SMRs for 2 US data centers in Ohio and Pennsylvania. According to data center trade press reports, Standard Power wants the SMRs for 2 massive data centers, 12 of them in Ohio and the other 12 in Pennsylvania. Each site will need 12 of NuScale’s 77MW SMR for a total at each site of 924MW of power for each data center or nearly 2GW in all. | TBD | 2024 - 2025 | mid term and long term | TBD | https://neutronbytes.com/2024/05/27/nuscale-reported-to-ink-a-1-5-billion-reactor-equipment-deal-with-south-koreas-doosan-enerbility-to-build-smrs-for-two-us-data-centers/ | ||||||||
87 | Demand | SMRs | Orlen Synthos and GE Hitachi | Poland's Ministry of Climate and Environment has issued decisions-in-principle for the construction of power plants based on GE Hitachi Nuclear Energy's BWRX-300 small modular reactor (SMR) at six locations. A total of 24 BWRX-300 reactors are planned at the sites. | pending regulatory process | 2024 - 2026 | near, mid and long term | TBD | Six SMR power plants approved in Poland : New Nuclear https://world-nuclear-news.org/Articles/Companies-sign-agreements-to-support-Polish-SMR-de | Polish Ministry issues positive decision on SMRs despite opposition from security service - Nuclear Engineering International | |||||||
88 | Demand | SMRs | KGHM Polska and NuScale | A decision-in-principle has also been issued for producer KGHM Polska Miedź SA's plan to construct a NuScale VOYGR modular nuclear power plant with a capacity of 462MW consisting of six modules, each with a capacity of 77MW. | pending regulatory process | 2024 - 2025 | near, mid and long term | TBD | https://www.world-nuclear-news.org/Articles/Six-SMR-power-plants-approved-in-Poland | ||||||||
89 | Demand | SMRs | Estonia | Estonia plans to build up to 4 BWRX-300s by 2030s. The vote passed Parliament in June 2024. The first SMR is planned to be operational in 2035. | vote passed pending regulatory process | 2024 | long term | TBD | Estonia / Parliament Resolution Paves Way For Establishing Nuclear Energy Legislation | Estonia plans small nuclear reactor to quit oil shale by 2030 – Euractiv | |||||||
90 | Demand | SMRs | Poland and UK | Last Energy announced power purchase agreements for 34 units of its 20MW power plants with 4 industrial partners across Poland and the UK. 10 plants are planned for the Katowicka Special Economic Zone (KSSE) in Poland and an additional 24 plants in the United Kingdom. Last energy is targeting 2026 as the commissioning date for the first power plant to come online. | pending | 2024 - 2025 | near and mid term | Demand comes online in stages TBD | Last Energy Announces Fleet of 34 Micro Modular Nuclear Power Plants Across UK and Poland, Supporting Industry With Zero Carbon Baseload Power | ||||||||
91 | Demand | SMRs | Kairos Power | The Nuclear Regulatory Commission (NRC) approved a construction permit for Kairos Power’s 35MW Hermes molten salt demonstration reactor. The Department of Energy signed an agreement to provide up to $303 million for designing, building and commissioning the Tennessee test reactor. | pending | 2024 - 2025 | mid term and long term | TBD | DOE inks $303M deal for advanced nuclear reactor - E&E News by POLITICO | Kairos' Hermes Secures First NRC Green Light for Advanced Nuclear Non-LWR Reactor | |||||||
92 | Demand | SMRs | Kairos Power | The Nuclear Regulatory Commission (NRC) has wrapped up its final safety evaluation for Kairos Power’s Hermes 2 “low power” advanced test facility, comprising two 20MW test molten salt reactors—similar to the Hermes 1 “non-power” demonstration reactor for which the regulatory body issued a construction permit in December 2023. It plans to begin operating Hermes 2’s two units—a combined electrical output of 20MW — by December 2027, anticipating they would have a licensed lifetime of 11 years. | pending | 2024 - 2025 | mid term and long term | TBD | US regulator issues environmental assessment for two-unit test reactor : New Nuclear | Kairos Power Gets NRC Green Light for Second Molten Salt Nuclear Facility | |||||||
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95 | Uranium Catalysts in 2026 and Beyond Most of these catalysts are in addition to the 1.5 billion lb supply deficit between 2024 - 2040. | ||||||||||||||||
96 | Demand | SMRs | CNNC | The Linglong One (ACP-100) is set to be the first onshore SMR in commercial operation from 2026 – 2027. The first-of-a-kind installation is under construction at the site of the Changjiang nuclear power plant in the Hainan province in China, where CNNC poured first concrete in July 2021. | construction | 2026 | near term | TBD (2025 and forward for fuel cycle) | 2023: A Transformative Year for Small Modular Nuclear Reactors | ||||||||
97 | Demand | SMRs | Rosatom | The Rosatom Engineering Division in St Petersburg has begun manufacturing components of various configurations for its first low-power ground-based NPP (ASMM), which will be equipped with the latest RITM-200N reactor unit. The pilot station will include one power unit with the RITM-200N reactor unit. The thermal power of RITM-200N is 190 MWt and the electric power 55MW. The installation has an operating life of 60 years and will be refuelled every 5-6 years. The commissioning of the station is scheduled for 2028. June 2024: Bychkov said..."we are working with federal ministries and agencies on the topic of transitioning to a two-unit design." (an additional 55MW) | manufacturing components | TBD | near term | TBD (2026 and forward for fuel cycle) | Rosatom starts production for small nuclear power plant in Yakutia | ||||||||
98 | Demand | SMRs | Philippines | Energy officials are eyeing the generation of 2.4GW of power through small modular reactors (SMRs) by 2032. In a report by The Manila Times, Energy Assistant Secretary Mario Marasigan said that this technology would provide enhanced safety features, scalability, and efficient waste management. | TBD | TBD | mid term | TBD (2030 and forward for fuel cycle) | DOE eyes 2,400 MW for small modular reactors | Power Philippines | PHL aims to add 1,200-MW nuclear power capacity using innovative SMR technologies - Daily Guardian | |||||||
99 | Demand | SMRs | Westinghouse and Saskatchewan | Westinghouse’s 5-MWe/13-MWth for the Saskatchewan Research Council (SRC). A Saskatchewan government Treasury Board Crown Corporation said it plans to pilot an eVinci microreactor by 2029. In March 2024, Saskatchewan allocated an additional $21.5M for the project. | TBD | TBD | mid term | TBD (2027 and forward for fuel cycle) | Province Invests into SRC to Continue Innovative Research and Technology Work | Westinghouse Secures First Customer for eVinci Nuclear Microreactor | |||||||
100 | Demand | SMRs | UK Community Nuclear and Westinghouse | Westinghouse signed deal to build 4 of its AP300 SMRs in the UK with commercial operation expected by the early 2030s. | TBD | TBD | long term | TBD (2030 and forward for fuel cycle) | Westinghouse and UK’s Community Nuclear Power Collaborate to Deploy Fleet of AP300™ Small Modular Reactors | Business Wire | https://twitter.com/WECNuclear/status/1755596821907259797 | |||||||