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DOE Announces New Path to Test Advanced Nuclear Reactors

LCG, June 18, 2025--The U.S. Department of Energy (DOE) announced late today a new pilot program to expedite the testing of advanced nuclear reactor designs under DOE authority outside of the national laboratories. The new pilot program is intended to unlock private funding and provide a fast track to commercial licensing.

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X-energy Announces Receipt from NRC of Schedule for Xe-100 Construction Permit Application

LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.

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Industry News

Duke Unit to Buy Waste Management Power Plants

LCG, Nov. 2, 2000--Duke Energy Corp. said yesterday its Duke Solutions business unit has agreed to acquire eight independent power plants with a combined capacity of 244 megawatts from a subsidiary of Waste Management Inc.

Duke Solutions said it will invest approximately $100 million in the facilities, including purchase price and planned improvements, adding that expected revenues over the next 15 years could exceed $1 billion.

The assets to be acquired include cogeneration and renewable energy facilities in California,Pennsylvania, Maine and Florida that provide steam and chilled water under long-term contracts with industrial and institutional customers and long-term electricity under long-term electric sales contracts with several utilities.

Duke Solutions will own and operate the plants, calling on other Duke companies for services such as maintenance, commodity supply and risk management.

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