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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

British Energy Struggles with Losses

LCG, Aug. 29, 2002--Losses experienced by British Energy through its power generation portfolio are serious enough to have led to the British government's holding high-level talks concerning possible government assistance.

Operating losses have amounted to approximately $60 million in the fiscal year just past, up by 70 percent compared to losses in the previous fiscal year. British Energy was privatized in 1996, and supplies Britain with one-quarter of its power needs through eight plants, including highly efficient nuclear generators.

Analysts say that part of its difficulties could be alleviated if it were not required to pay levies intended for climate control, as plants producing greenhouse gases do. Additionally, the effect of the collapse of Enron and the subsequent decline of liquidity and stricter credit control in the wholesale power market have dampened the potential for using derivatives for risk-management purposes.

The Torness plant in Scotland has had to be closed, following malfunctions in key gas circulation turbines. The government is said to be considering a possible bailout and return to partial or full public ownership, although even the infusion of cash brought by such a bailout would not necessarily end the company's problems. "It's almost inconceivable that the government would let British Energy go into receivership," commented Roger Reynolds, at Credit Suisse First Boston, in the New York Times.
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