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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

Russian Gas Unable to Get Customers to Pay

LCG, August 7, 2002-OAO Gazprom says it intends to reassess its development program in response to mounting unpaid gas bills.

The Russian gas giant, which reports itself as the largest gas company in the world, is due $1.4 billion or 45 billion rubles in unpaid gas bills.

Gazprom says it will concentrate on reliability in gas delivery but has requested that the Russian government increase gas rates, which are currently insufficient to cover Gazprom's production costs.

The company's lack of funds have prevented maintenance of pipelines and various winter preparations.

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