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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

Negotiators in Nuclear Warhead Fuel Sale at Loggerheads

LCG, Jan. 29, 2002--The privatized U.S. agency which supplies U.S. nuclear power plants with fuel from Russian warheads is at an impasse over the price it will pay the Russian agency, Tenex, under a long-term agreement.

USEC Inc., based in Bethesda, Md., buys fuel with the U.S. government's backing, and supplies half of the low-enriched uranium used by domestic nuclear plants. The program is also seen as important to maintaining international security. USEC is seeking a lower price than what was charged under a five-year contract, and wants the price it pays to be tied to activity in the uranium market.

The profitability of the company has dropped 60 percent in a year, and its stock price has fallen by half. The U.S. government is concerned that such a company be in place to handle the transactions, but so far, Energy Secretary Spencer Abraham has not responded to a request by the Russian Nuclear Power Minister to become involved in the stalled negotiations.

Undersecretary of Energy Robert Card expressed concern with USEC, saying "if the outstanding issues in the negotiation are not resolved expeditiously, the United States could find itself with a nuclear power fuel shortage."

USEC maintains an inventory to supply plants, and did not place an order for the current year. The company's CEO, William Timbers, said the concern was "unwarranted and disingenuous."
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