The U.S. Department of Energy (DOE) today released a Notice of Intent (NOI) to fund the Bipartisan Infrastructure Law’s $3.5 billion program to capture and store carbon dioxide (CO2) pollution directly from the air.

SK said the cooperation between TerraPower and group member companies SK Corporation and SK Innovation will "contribute to fostering the next-generation nuclear power plant industry in Korea through cooperation in securing and commercialising core SMR technology ...

The companies are advancing two different approaches to accelerate ground and flight testing for nuclear-powered prototypes: compact fusion and next-gen radioisotope concepts.

SPARC is described by PSFC as a compact, high-field, net fusion energy device which would be the size of existing mid-sized fusion devices, but with a much stronger magnetic field. It is predicted to produce 50-100 MW of fusion power, achieving fusion gain greater than 10.

U.S. commercial crude oil inventories decreased by 3.4 million barrels to 420.8 million barrels.

All this progress, however, could be derailed without a massive overhaul of America’s antiquated electric infrastructure – a task some industry experts say requires more than $2 trillion.

In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels.

U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.

U.S. commercial crude oil inventories increased by 8.5 million barrels to 424.2 million barrels.

The key focus would be to produce high-temperature heat which could be used for hydrogen production, to supply industrial processes and potentially district heating as well as electricity generation.

The DRACO program seeks to build a nuclear thermal rocket (NTR) engine and test it on orbit in Fiscal Year 2026 (FY26).

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported

There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.

In mid-April, the bidding process for a new $6 billion pot of nuclear bailout money opened up.

U.S. Rig Count is up 7 from last week to 705 , Canada Rig Count is down 4 from last week to 91.