GSE Solutions, a leader in engineering solutions supporting clean energy, announced that its stockholders have overwhelmingly approved a merger with Pelican Energy Partners, a private equity firm specializing in energy services. According to the merger terms, Pelican Energy Partners will acquire all outstanding GSE Solutions shares for $4.60 each, representing a significant premium over recent […]
Laramide Resources Ltd. has embarked on an ambitious new exploration project in Kazakhstan’s Chu-Sarysu Basin, one of the world’s most prolific uranium regions. Through a three-year option agreement with Aral Resources Ltd., a Kazakh company registered with the Astana International Financial Center, Laramide Resources plans to explore a nearly 6,000-square-kilometer area in the Chu-Sarysu Basin. […]
The Indian Government, led by Union Minister Dr. Jitendra Singh, has announced a groundbreaking initiative to augment the country’s nuclear power capacity from 7,480 MW to 22,480 MW by the year 2031-32. This substantial increase is a part of India’s long-term strategy for energy security and transitioning towards a net-zero economy by 2070. Over the […]
Fortum, a leading clean energy company, together with Swedish nuclear technology expert Studsvik, have signed a Memorandum of Understanding (MoU) to investigate new nuclear energy options in Sweden. This collaboration marks a significant move in Fortum’s ongoing feasibility study aimed at exploring new nuclear business opportunities in both Finland and Sweden. Laurent Leveugle, Fortum’s Vice […]
Vistra (NYSE: VST) and Energy Harbor have received the Nuclear Regulatory Commission’s (NRC) green light to transfer the operating licenses of Energy Harbor’s three nuclear facilities – Beaver Valley, Davis-Besse, and Perry – to Vistra. In March, Vistra unveiled its plans to bolster its zero-carbon generation portfolio by acquiring Energy Harbor, which encompasses a 4,000-megawatt […]
Allied Group Holdings, a leading full-service provider of power plant services, has announced its acquisition of Dominion Engineering Inc. (DEI), a frontrunner in field service equipment, technology, and specialized engineering services for the nuclear power industry. The financial terms of the transaction have not been disclosed. This acquisition significantly amplifies Allied Group’s existing offerings in […]