Panelists in a session at the World Economic Forum Annual Meeting 2025 in Davos acknowledged the challenge of meeting the target of tripling nuclear capacity by 2050 but highlighted progress made with regards to the supply chain and financing in achieving this.

A TVA-led coalition including BWRX-300 developer GE Hitachi Nuclear Energy is applying for federal funding to support the US deployment of small modular reactors. Subsidiaries of American Electric Power are also seeking funding for the early stages of SMR development at sites in Indiana and Virginia.

The UK Atomic Energy Authority's LIBRTI programme has announced a series of significant steps to advance fusion energy development. In addition to ordering a neutron source, it has also announced funding for 12 small-scale tritium breeding and digital simulation experiments.

With nuclear power generation set to reach a record level in 2025, a new report from the International Energy Agency says costs, schedules and financing of nuclear projects need to be overcome for nuclear to play an important role in the future energy landscape.

The UK government has announced a GBP410 million (USD500 million) investment to accelerate development of fusion energy. The announcement came as five construction and engineering consortiums have been shortlisted to build the country's STEP prototype fusion plant.

The French nuclear industry is "far from ready and must still overcome many challenges" to construct six EPR2 reactors in France, according to the country's state audit office, the Cour des Comptes (Court of Auditors).

Changes to the proposed final rules for US tax credits to support clean hydrogen production mean that existing nuclear power plants will now be eligible.

The European Commission has launched an investigation into whether the planned public support for Poland's first nuclear power plant complies with EU rules on state aid.

France's Bpifrance Assurance Export and Sfil have joined the growing list of overseas financial institutions expressing interest in helping to finance Poland's first nuclear power plant project. Meanwhile, a poll shows record public support for nuclear energy in Poland.

The State Duma has ratified the protocol to the governmental agreement between Russia and Egypt for the provision of a USD25 billion state export loan for the construction of the El Dabaa nuclear power plant, the official Tass news agency has reported.

As it prepares to test a prototype of its Kaleidos microreactor at Idaho National Laboratory's DOME facility, Radiant Industries has secured USD100 million in Series C funding bringing the company's total venture funding to USD160 million.

The engineering, procurement and construction management contract for the completion of Romania's Cernavoda units 3 and 4 has been signed with the FCSA Joint Venture including Fluor, AtkinsRéalis, Ansaldo Nucleare and Sargent & Lundy Energie.