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The Nuclear Company Collaborating with Nucor to Promote the Rebuilding of the U.S. Nuclear Supply Chain
Businesswire· 2025-09-26 16:28
Core Points - The Nuclear Company has formed a strategic agreement with Nucor Corporation to revitalize the U.S. nuclear supply chain and enhance American manufacturing [2][3] - This partnership aligns with U.S. government initiatives to increase nuclear reactor construction, aiming for 400 GW of nuclear power by 2050 and 10 large-scale reactors by 2030 [4] - The U.S. nuclear supply chain has been weakened in recent years, with a significant decline in certified facilities for producing nuclear-grade components, down over 40% in the last three decades [5] Company Overview - The Nuclear Company is focused on deploying gigawatt-scale nuclear power and modernizing nuclear construction through innovative methodologies and technologies [6][12] - The company aims to reduce costs and development timelines by integrating AI-powered construction monitoring and advanced project management [6] - Recent leadership appointments include Robert Harmon as Chief Legal Officer and Hernando A. Madroñero as Head of Nuclear Deployment, indicating a strengthening of the company's management team [8][12] Industry Context - The partnership is a response to the competitive landscape where China and Russia have rapidly expanded their nuclear capabilities, with China constructing 37 reactors in the past decade [5] - The collaboration seeks to enhance energy independence and national security for the U.S. by reshoring manufacturing and reducing reliance on foreign supply chains [3][6] - The agreement emphasizes the importance of meeting stringent certification standards for materials used in nuclear construction, which is critical for the industry's growth [3]
X @Bloomberg
Bloomberg· 2025-08-28 05:00
Steelmakers in China, the world’s largest producer, have seen an uptick in their fortunes as the government moves to tackle oversupply, and exports hold up despite a wave of trade curbs https://t.co/eEmgKUmKt2 ...