- Swedish state utility Vattenfall and Industrikraft i Sverige AB have agreed to co-invest in new small modular reactors (SMRs) at the Ringhals site, with Industrikraft taking a 20% stake and investing SEK 400 million. Vattenfall is considering GE Vernova-Hitachi’s BWRX-300 and Rolls-Royce SMR for the project.
- The World Nuclear Association’s World Nuclear Outlook Report 2025 predicts global nuclear capacity could reach 1,428 GWe by 2050, exceeding the 1,200-GWe target, with 50 countries having nuclear plans. To achieve this, accelerated licensing, expanded supply chains, and clear policy frameworks for large reactors and SMRs will be necessary.
- California’s battery storage capacity reached a record 16,942 MW, helping the state avoid Flex Alerts for three years. California leads all U.S. states in battery capacity, with Gov. Gavin Newsom announcing the state will join the Global Energy Storage and Grids Pledge to reach 100% clean electricity by 2045.
- TotalEnergies signed a 15-year PPA with Google to supply 1.5 TWh of renewable electricity from its Montpelier solar farm in Ohio. This aligns with Google’s strategy to add carbon-free energy to grid regions where its facilities operate and TotalEnergies’ goal to provide tailored energy solutions for data centers.
- China National Nuclear Corp’s Zhangzhou nuclear power project connected Unit 2 to the grid, marking a milestone for China’s indigenous reactor technology. The Hualong One project aims to provide over 60 TWh of clean electricity annually once fully operational, contributing to meeting the energy demand of Xiamen and Zhangzhou cities.
Read more at Yahoo Finance: POWER Digest [January 2026]