Nuclear Energy

AEP, X-energy Study 960-MW Nuclear Plant in Indiana With Amazon

Columbus – – October 19, 2026 -- American Electric Power (AEP) has signed a joint development agreement with X-energy to evaluate a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana, with Amazon funding the development phase and intending to buy the output under a long-term contract.

Amazon would cover facility and operating costs for the length of its contract

Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and proceeds to construction and commercial operation, Amazon plans to purchase the power and cover the costs of the facility and its operations for the contract term. AEP Chairman, President and CEO Bill Fehrman said the agreements with Amazon and X-energy provide the capital protections and financial safeguards AEP has called essential for any nuclear project to proceed.

Westinghouse's Fuller Named Inner Circle Lifetime Member

Cranberry Township, Pa. – – October 14, 2026 -- The Inner Circle has named Dr. Miles H. Fuller, VP of Transformation and Chief of Staff to the CEO at Westinghouse Electric Company, an Inner Circle Lifetime Member for his work in clean energy innovation and nuclear technology.

Fuller moved from Boston Consulting Group to Westinghouse's senior leadership team

Fuller began his career as a consultant with Boston Consulting Group. He later joined the senior leadership team at Westinghouse, where he works on safe, scalable nuclear technologies tied to global energy security and decarbonization. His remit covers strategy, operations and transformation, and supports large-scale programs aimed at improving quality, safety and execution in complex global environments.

Uranium Contract Price Tops 2007 Peak at $96.50 as Equities Lag

Vancouver – – October 13, 2026 -- The long-term uranium price closed September at $96.50 per pound, above the $95 peak set in 2007, according to figures published by Cameco. The spot price ended the month at $89.63. Prices utilities agree to pay years in advance now run ahead of spot, which market commentary attributes to buyers planning for tighter supply later in the decade.

Uranium equities fall despite record contract prices

Cameco shares were down 6.9% for the year and 11.6% over the prior month as of early October, according to Yahoo Finance. The VanEck Uranium and Nuclear ETF (NLR) was down 16.4% year to date. Market observers cite utilities' slow pace of new term contracting as one reason the contract price has not yet lifted share prices.

Elementl Power Names Navy Veteran Robey Clark SVP of Projects

Washington – – September 21, 2026 -- Elementl Power, an independent developer of utility-scale nuclear power projects, has appointed Robey Clark as senior vice president of Projects to oversee delivery of the company's 5-gigawatt (GW) development portfolio.

Clark takes charge of Elementl's 5 GW nuclear pipeline

Clark will hold executive oversight of Elementl's project management activities, coordinating closely with the company's Licensing and Regulatory Affairs team. His mandate covers the company's current 5 GW portfolio, including a 1.8 GW strategic development arrangement with Google and a 1.5 GW small modular reactor (SMR) project under active development in southeast Ohio. He will report to Elementl's Chief Projects Officer, Shawn Hughes.