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Today's Briefing
Wednesday, Oct 14, 2026

Italy Finalizes Return to Nuclear Power, Poland Advances Reactor Orders, and US States Explore Expansion

  • Italy's Senate granted final approval on October 13, 2026, to a law enabling the country's return to nuclear power after a 36-year hiatus. This legislation mandates the government to issue decrees on licensing, safety, and site selection within 12 months, with a long-term goal of achieving 8 to 16 gigawatts of nuclear capacity by 2050, supplying 11-22% of total electricity demand. The plan includes small modular reactors (SMRs), microreactors, and fusion technologies, with the first plants potentially operational by 2035.

  • UPDATE: Poland's nuclear program is accelerating as Westinghouse Electric Company placed conditional purchase orders with Polish suppliers—Energomontaż-Północ Gdynia S.A., FAMAK S.A., Mostostal Kielce S.A., and Mostostal Krakow S.A.—on October 13, 2026. These orders support the development of the first AP1000® unit at the Lubiatowo-Kopalino site, marking a concrete step forward in Polskie Elektrownie Jądrowe's (PEJ) project for Poland's inaugural nuclear power plant.

  • Missouri has unveiled a new state energy plan that heavily emphasizes nuclear energy, including the potential expansion of the Callaway Energy Center and the repurposing of retired power plant sites for future nuclear development. Concurrently, Curtiss-Wright announced on October 14, 2026, the installation of the Stage 1 Training Simulator at TerraPower's Natrium site in Kemmerer, Wyoming, designed to support operator training and licensing for the advanced reactor.

  • Oklo Inc. is advancing its Groves 2 Forge isotope production facility as part of the U.S. Department of Energy's (DOE) National Reactor Innovation Center (NRIC) Nuclear Energy Launch Pad initiative, building on its Groves Isotope Test Reactor demonstration experience. Meanwhile, Eagle Nuclear Energy Corp. provided a Q3 2026 update on October 13, 2026, detailing progress on its Aurora Uranium Project in Oregon, which holds the largest conventional, measured, and indicated uranium deposit in the United States, alongside its proprietary SMR technology platform.

The Bottom Line

European nations are solidifying their commitments to nuclear power through legislative action and supply chain engagement, while US states and companies are pushing forward with new energy plans and advanced reactor technologies. However, the financial markets present a challenge, as rising 10-year Treasury yields are significantly impacting nuclear stocks like NuScale Power, Energy Fuels, and Oklo Inc., highlighting the capital-intensive nature of nuclear projects and their sensitivity to financing costs.

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