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A new Nature paper outlines the relationship between rising temperatures and the literal rotation of the Earth.

Thinking too hard about time is a little like thinking too hard about blinking; it seems natural and intuitive until suddenly you’re sweating and it makes no sense at all. At least, that’s how I felt when I came across an incredible new study published in Nature this afternoon by Duncan Agnew, a geophysicist at the Scripps Institution of Oceanography, suggesting that climate change might be affecting global timekeeping.
Our internationally agreed-upon clock, Coordinated Universal Time (UTC), consists of two components: the one you’re familiar with, which is the complete rotation of the Earth around its axis, as well as the average taken from 400 atomic clocks around the world. Since the 1970s, UTC has added 27 leap seconds at irregular intervals to keep pace with atomic clocks as the Earth’s rotation has gradually slowed. Then that rotation started to speed up in 2016; June 29, 2022, set a record for the planet’s shortest day, with the Earth completing a full rotation 1.59 milliseconds short of 24 hours. Timekeepers anticipated at that point that we’d need our first-ever negative leap second around 2026 to account for the acceleration.
But such a model doesn’t properly account for the transformative changes the planet is undergoing due to climate change — specifically, the billions of tons of ice melting from Greenland and Antarctica every year.
Using mathematical modeling, Agnew found that the melt-off, as measured by gravity-tracking satellites, has again decreased the Earth’s angular velocity to the extent that a negative leap second will actually be required three years later than estimates, in 2029.
While a second here or there might not seem like much on a cosmic scale, as Agnew explained to me, these kinds of discrepancies throw into question the entire idea of basing our time system on the physical position of the Earth. Even more mind-bogglingly, Agnew’s modeling makes the astonishing case that so long as it is, climate change will be “inextricably linked” to global timekeeping.
Confused? So was I, until Agnew talked me through his research. Our conversation has been edited and condensed for clarity.
How did you get involved in researching this? I’d never have expected there to be a relationship between climate change and timekeeping.
Pure accident. I’m a geophysicist and I have an avocational interest in timekeeping, so I know all about leap seconds and the history of atomic clocks. I thought about writing a paper figuring out statistically what the next century would bring in terms of leap seconds.
When I started working on the paper, I realized there was a signal that I needed to allow for, which was the change induced by melting ice — which has been studied, there are plenty of papers on this satellite gravity signal. But nobody has, as far as I can tell, related it to rotation. Mostly because, from a geophysical standpoint, that’s not very interesting.
Interesting. Or, well, I guess not interesting.
I mean, there is geophysical literature on this, but it’s largely, Okay, we see this signal, and gravity doesn’t mesh with what we think we know about ice melt. Does it measure what we think we know about sea level change? How does the geophysics all fit together? And the fact that it changes Earth’s rotation is kind of a side issue.
I did not know about this when I got started on this project; it appeared as I was working on it. I thought, “Wait, I need to allow for this.” And when I did, it produced the — I don’t want to use the words “more important” because of the climate change part, but it produced a secondary result, which was that this potential for a negative leap second became clear.
Walk me through how the ice melting at the poles changes the Earth’s rotation.
This is the part that’s easy to explain. Ice melts. A lot of water that used to be at the poles is now distributed all over the ocean. Some of it is close to the equator. The standard picture for what’s called change of angular velocity because of moment of inertia — ignore all the verbiage — but the standard picture is of an ice skater who is spinning. She has her arms over her head. When she puts her arms out, she will slow down — like the water going from the poles to the equator. And that’s it. This is the simple part of the problem.
So what’s the hard part?
The hard part is explaining the part about the Earth’s core. If you have two things that are connected to each other and rotating and one of them slows down, the other one has to speed up. I have not been able to think of an ice skater-like-metaphor to go with that, but the simple one is if you were to put a bowl of water on a lazy Susan and you spin the bowl, then the water will start to spin. It won’t spin initially, but then it will start.
If you started stirring the water in the other direction, that would slow the Lazy Susan down. And that’s the interaction between the core and the solid part of the Earth.
And is that causing the negative leap second to move back three years?
That’s why the leap second might happen at all. On a very long timescale, what’s happening is that the tides are slowing the Earth down. The Earth being slower than an atomic clock means that you need a positive leap second every so often. That was the case in 1972, when they started using leap seconds. The assumption was that the Earth would just keep slowing down and so there would be more positive leap seconds over time.
Instead, the Earth has sped up, entirely because of the core, and that’s not something that people necessarily anticipated. When you take the effect of melting ice out, it becomes clear there’s this steady deceleration of the core; the core is rotating more and more slowly. If you extrapolate that — which is a somewhat risky thing to do, you can’t really predict what the core is going to do — then you discover that there is a leap second, in 2029. The ice melting is going in the other direction; if the ice melting hadn’t occurred, then the leap second would come even earlier. Is this all making sense?
I think I’m grasping it.
Just so you know, one of the two reviewers of this paper was someone in geophysics who said, “I know all this stuff. I wasn’t familiar with the rotation part. This paper has an awful lot of moving parts.”
So, it’s just a difference of a second. Why does this even matter?
We are all familiar with the problem of not being synchronized — we just went through it. If you forget that we did Daylight Savings Time, then you’re an hour off from everybody else and it’s bewildering and a nuisance.
Same problem with leap seconds, except for us, a second is not a big deal. For a computer network, though, a second is a big deal. And why is that? Well, for example, in the United States, the rules for stock markets say that everything that is done has to be accurately timed to a 20th of a second. In Europe, it’s actually to the nearest 1,000th of a second. If we were all just farmers or something, it wouldn’t be a problem, but there’s this whole infrastructure that’s invisible to us that tells our phones what time it is, and allows GPS to work, and everything else.
The easiest thing to do would be to not have a negative leap second. Indeed, there are plans not to have leap seconds anymore because for computer networks, they’re an enormous problem. They arrive at irregular intervals; some human being has to put the information into the computer; the computer has to have a program that tells it when the leap seconds are; and most computer programs can’t tell whether it’s a plus or minus second because there’s never been a minus before. From the computer network standpoint, it would be simplest to just not do this.
So, you ask, why are we doing this? In 1972, when leap seconds were instituted, there were two communities that cared about precise time. One was the people who cared about the frequency of your radio station and other kinds of telecommunications. They wanted to use atomic clocks with frequencies that didn’t change, but that didn’t mesh with what the Earth was doing.
Who cares about time telling you how the Earth is rotating? Well, the answer then was that there were people who used the stars for celestial navigation. Back then, celestial navigation was used not just for ships, but for airplanes — if you flew across the ocean, there was a guy in the cockpit, an actual navigator, who would use a periscope to look at the stars and locate the plane, if only as sort of a backup system. That community is now gone. Almost nobody uses celestial navigation as a primary, or even a secondary, way of finding out where they are anymore because of GPS.
My own personal view — and I can warn you, there’s a huge amount of dispute about this — is that we’d be fine if we just stopped having leap seconds at all.
Is there a … governing body of time? That forces us to do leap seconds?
There’s a giant tangle of international organizations that deal with this, but the rules were set by the people in charge of keeping radio stations aligned because radio broadcasts were how time signals were distributed back in 1972. So the rule was created. Who makes that decision is something called the International Earth Rotation and Reference Systems Service, which uses astronomy to monitor what the Earth is doing. They can predict a little bit in advance where things are going to be, and if within six months things are going to be more than half a second out, they will announce there will be a leap second.
Back to climate change: It seems pretty amazing that something like melting ice can throw things off so much.
All the stuff about negative seconds is important, but it’s only important because of this infrastructure, because we have all these rules. Strip all of that away and the most important result becomes the fact that climate change has caused an amount of ice melt that is enough to change the rotation rate of the entire Earth in a way that’s visible.
How do you talk to people about the gigatons of ice that Greenland loses every year? Do you talk about “water that could cover the entire United States to the depth of X” to get it into people’s minds? Yes, these are small changes in the rotation rate, but just the fact that we can say, “Look, this is slowing down the entire Earth” seems like another way of saying that climate change is unprecedented and important.
How do we proceed, then, if climate change is messing with our system?
There was a lot of resistance to even introducing atomic time. Time was thought of as being about Earth’s rotation and the astronomers didn’t want to give it up. In fact, in the 19th century, observatories would make money by selling time signals to the rest of the community. Then, in the 1950s, the physicists showed up, ran atomic clocks, never looked at the stars, and said, “We can do time better.” The physicists were right. But it took the astronomical community a while to come around to accepting that was how time was going to be defined.
If we get rid of leap seconds then we’d really have cut the connection between the way in which human beings have always thought of time as being, say, from noon to noon, or from sunrise to sunset, and we’d be replacing it with some bunch of guys in a laboratory somewhere running a machine. For some people, it’s very troubling to think of severing the keeping of time from the Earth’s rotation.
You lose a bit of the romance, I think. But clearly, tying our way of describing the linear passage of sequential events to the Earth’s rotation is going to be messy.
Exactly right. There’s a quote from, of all people, St. Augustine, saying, “I know what time is, but if somebody asked me, I can’t tell them.”
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Smoke from the raging fires in Indonesia may go down as this year’s deadliest climate tragedy.
It’s a morbid game to try to name the worst climate disaster of 2026. In Europe this summer, a series of extreme heat waves killed an estimated 50,000 people. In September, a thawing Himalayan glacier collapsed, sending a wall of water cascading through Tibet and Nepal, killing at least 1,500 people, with nearly 6,000 still missing months later. And this past January, authorities feared hundreds of migrants died while trying to cross the Mediterranean during Cyclone Harry, including 50 in one shipwreck alone.
But the disaster that will result in perhaps the greatest and longest-lasting tragedy is the one unfolding right now in Indonesia.
Wildfires in Sumatra and Kalimantan have burned more than 7 million acres in what is likely a record year for the fire-prone islands. The blazes have destroyed critical wildlife habitats, including rainforests occupied by orangutans, Sunda pangolins, and Javan leopards. But it’s not the direct human deaths from the fires, the habitat loss, or the historic acreage burned — those being the typical headline numbers for gauging how “bad” a given fire or fire season is — that best tell the story of the impacts, in this case.
Rather, it is the toxic smoke blanketing Indonesia, Singapore, Malaysia, and Timor-Leste. For months, those emissions have been in every breath taken by the region’s 12.5 million inhabitants, about 4% of the world’s population.
In Indonesia alone, authorities estimate the smoke has caused 400,000 respiratory infections. As of a few weeks ago, more than 75,000 cases had been recorded in children between birth and age 5. “Behind those numbers are worried families, parents keeping watch, and children struggling to breathe,” Herawati Supolo-Sudoyo, a trustee of the Indonesian Open Science Voice Foundation and chair of the Indonesian Academy of Sciences’ Commission on Medical Sciences, said during a recent public health webinar. “Babies certainly cannot say, ‘My chest feels tight.’ They rely on us to protect their breath.” (That’s according to an automated YouTube translation of her remarks.)

Children are especially vulnerable to wildfire smoke because their lungs are not fully developed, and they breathe in more air relative to their body weight than adults. Reports from local hospitals are harrowing. “Yesterday, in the inpatient ward, I saw three toddlers struggling to breathe,” one mother, whose 14-month-old died suddenly after experiencing shortness of breath, told BBC Indonesia (as translated by Mongabay). The Indonesian Philanthropy Association, a nonprofit, has taken to describing the children of Indonesia as the “lost generation” due to the suspected physical and cognitive toll of the relentless smoke exposure. Timor-Leste, which borders Indonesia to the west, has one of Asia’s youngest populations, with about 44% of its inhabitants under 18.
“We must not wait until these children are adults to calculate the losses,” Supolo-Sudoyo said.
There seems little doubt that the smoke is a climate-change-fueled public health crisis. A new study by World Weather Attribution, released Thursday, found that while the super El Niño is the primary cause of the severe reduction in rainfall that helped fuel the fires, Indonesia’s drought was “then exacerbated by record heat throughout the fire season, which was made possible due to human-caused climate change,” Theodore Keeping, a research associate with WWA, said during a press call about the findings. (The study, which uses peer-reviewed methods, has not yet been peer-reviewed itself.)
Indonesia’s fire season was about 1.6 degrees Celsius hotter due to climate change, compared to about a third of a degree Celsius hotter due to the current El Niño, WWA reports. “We also found that this year’s record-breaking heat would have been virtually impossible without climate change, even in a similar El Niño state,” Keeping said.

Smoke is still a relatively new way of quantifying the impact of a wildfire. Alistair Hayden, an assistant professor of practice in Cornell’s Department of Public and Ecosystem Health and creator of the school’s wildfire smoke mortality estimation tool, told me that though researchers have been studying smoke toxicity for years, the bad U.S. fire seasons in 2018 and 2020 helped accelerate interest and urgency. “Really high visibility and growing interest leads to a lot more studies that then enhance our knowledge about the details of this hazard,” he said of the recent spike in smoke-related research.
For example, new research released just last month by researchers at Harvard indicates that wildfire smoke exposure during pregnancy is related to higher instances of autism in children. Separately, a study about chronic wildfire smoke exposure linked the pollution to an estimated 24,100 deaths in the lower 48 states every year — more than twice the number killed in drunk-driving accidents. Looking only at Indonesia, researchers linked smoke exposure in the womb during the region’s severe 1997 fire season to poorer health outcomes by age 17.
Still, coverage of wildfires largely focuses on how many people were killed by direct flame impacts, or how many acres or buildings burned. A “megafire,” for example, is a nonscientific term used by the media to describe how large a fire is physically, but not the thousands of miles further its smoke will travel. The National Interagency Coordination Center’s Wildland Fire Summary and Statistics Annual Report, the end-of-year summary of fire season impacts in the United States, doesn’t even mention smoke exposure. Deadly and destructive fires in Maui and Los Angeles stand out in memory, but the hazardous air quality in the Midwest this season from the Canadian wildfires may turn out to cost as many or more lives. (Smoke toxicity and chronic exposure also complicate the cost-benefit analysis of a favorite tool of progressive fire managers: prescribed burns.)
In fact, research about smoke toxicity and widespread exposure to particulate pollution increasingly suggests that emissions might be the marquee impact of wildfires. While 30 people died directly from the 2025 Palisades and Eaton fires in L.A., one research paper estimated the loss of life was closer to 440, partially due to the deaths attributable to wildfire smoke in addition to stress, disruptions to the health-care infrastructure, and mental health impacts.

“The difficulty with all of this is that the smoke deaths are difficult to track,” Hayden told me. “They’re not, for instance, showing up on death certificates. While the smoke itself is very visible in the air and leads to nice photos, the impacts are much harder to take photos of.”
That’s certainly the case in Indonesia, where photos show people going about their lives in a cloud of yellow smoke, and in Singapore, where run clubs have moved their workouts into malls to try to avoid the pollution. But while a smoke-exacerbated heart attack isn’t a front-page image, to Hayden’s point, the pictures do reveal something else: just how ill-prepared our infrastructure and public health systems are for dramatic smoke events like these.
What can be done about wildfire smoke? You can invest in a really good air purifier — and use it correctly — which works so long as you can afford it, and if your home isn’t drafty to begin with, and if it isn’t too hot out that you need to open a window to stay cool at the same time. You can wear the right kind of mask, too, but it needs to fit properly and it won’t filter out gases or the smallest toxic particles. And while you can evacuate to protect yourself from an encroaching wildfire, outrunning the smoke might require you to travel hundreds of miles or, as is the case for those in Southeast Asia, literally leave your country.
In that sense, we are thinking about wildfire impacts wrong, too. Fires aren’t a hazard contained neatly within evacuation zones; the “wildland-urban interface” and “wildfire-prone landscape” describe an environment fires may erupt in, but not what they’re contained to. Whether you’re in Los Angeles or New York City, Minneapolis or Madrid, Jakarta or Kuala Lumpur, the smoke will find you.
We need a ratepayer protection pledge for natural gas, too, argue two energy systems experts.
Everyone is talking about high energy prices, which were a major factor in the midterm elections. And it’s not just electricity: Families are paying 16% more for natural gas now than they were just two years ago. Within a few more years, the boom in electricity demand from data centers could add enough natural gas power plants to expand America’s gas power generation capacity by a third. Some back of the envelope math shows that the additional costs to regular customers from this expansion could total more than $23 billion across all retail gas and electricity prices by 2030.
Large users choosing gas will raise costs for the more than 70 million households in America paying a gas bill every month. It’s simple supply and demand. Some data center developers are working with utilities to connect to the grid, but many others are building their own off-grid power plants that would burn natural gas to power their operations. That would require a massive gas infrastructure build-out on top of the supply pressure, raising costs still further.
Earlier this year, hyperscalers and AI companies signed the Ratepayer Protection Pledge, committing to pay the full costs of their energy and infrastructure, “no matter what,” to avoid increasing energy costs for other customers. Agreeing to limit cost increases for energy is a good start, but the details of that pledge focused only on electricity customers, and it’s not enough to solve the problem. Almost nothing has been said on what that means for natural gas customers, or how data centers should help contain gas costs for families. As the 120th Congress, newly elected governors, and state legislators across the country consider the fastest ways to tackle volatile energy prices, they should consider a Gas Customer Protection Pledge to protect consumers from data centers contributing to surging natural gas bills.
All this new gas demand from data centers could increase costs for the rest of us in at least three ways. First, if history is any indication, the sheer volume of increased gas use will both raise gas prices and make them more volatile. Price volatility hurts poorer consumers more, with surprisingly high bills derived from market dynamics over which they have little control. Second, the pipelines, compressor stations, and other infrastructure needed to bring gas to these new facilities will cost money. Because the vast majority of utilities in America pass through both the cost of the fuel itself and the investments required to build and maintain infrastructure, these additional costs will be borne by all customers, not just the data centers.
And third — perhaps most importantly — during periods of peak system stress like winter storms or summer heat waves, all this additional gas going to data centers will make price shocks more severe. In the case of Winter Storm Fern last January, for example, natural gas prices from Chicago to Boston were 19 to 42 times higher than the national average price from the prior year.
So, how can government officials prevent all this from happening? A Gas Customer Protection Pledge would fill the gaps in the already agreed upon objective not to raise energy cost for average customers. Mirroring the points from the Ratepayer Protection Pledge, here’s how that might work.
To address energy affordability in the long run, finite resources are best spent moving energy systems off fossil fuels to improve public health and reduce greenhouse gas emissions. In the meantime, we must make efforts today to control natural gas costs. America’s energy affordability crisis needs answers today, not down the road.
Now is the time for a Gas Customer Protection Pledge that builds out the other half of the commitment already made by hyperscalers and AI companies not to increase energy bills for other customers.
X-energy is vying against CNNC and Canada’s AtkinsRéalis.
For years now, the United States has watched anxiously as its nuclear industry stagnated while those of its biggest geopolitical adversaries boomed. Russia, America’s top 20th century rival, dominated exports, securing deals to build virtually every nuclear newcomer nation’s first reactors. China, meanwhile, took the lead in domestic construction, with three dozen large-scale reactors under construction right now; Beijing even dabbled briefly in exporting its technology with a deal to build half a dozen reactors in Pakistan. It’s already made an offer to build Serbia’s first nuclear plant, and it’s expected to bid on more deals soon.
Now, for the first time, an American company is going head to head with a Chinese state-owned champion for one of Asia’s most sought-after nuclear deals.
X-energy, the Amazon-backed reactor startup based in Maryland, is one of three companies to take part in a program with Singapore to the country’s regulators in its licensing department so they can see how an atomic power project goes from planning to approval. The goal is to help train the “nuclear manpower” needed to design a reactor buildout that matches Singapore’s unique needs, according to the name of the program. By observing the process to license reactors, the regulators from Singapore’s Ministry of Energy, Trade, and Industry and its Energy Market Authority hope to lay the groundwork for the city-state to import reactor technology and build its first nuclear plant.
Singapore spans less land area than the city of Memphis, Tennessee, yet the Southeast Asian city-state has plans to expand its electricity generating capacity by more than a quarter in the coming years to around 15 gigawatts — more than four times the U.S. city’s all-time high power demand. The country’s Ministry of Energy, Trade, and Industry and its Energy Market Authority will pay the salaries of its embedded workers for the full length of the program, anywhere from six months to two years. Aside from the free labor, the host companies receive an inside track to sell reactors to Singapore if the country moves forward with a nuclear project.
“They need to pick a technology that suits their very, very specific needs and constraints,” Miriam D'Onofrio, X-energy’s senior director of international markets, told me. (While the company announced the partnership at the Singapore International Energy Week summit late last month, X-energy spoke exclusively with Heatmap about the agreement.)
“We’re proud to be the only American entity — and one that wasn’t facilitated by the U.S. government at all,” she added. “That was something that Singapore evaluated for itself and made a central decision to pursue. That’s a testament to the strength of our technology and the trust that they have in us as a company.”
Another company vying for Singapore’s business is AtkinsRéalis, the Montreal-based nuclear company behind Canada’s homegrown CANDU reactor technology. But a source with direct knowledge of the Singaporean government’s thinking told me the country is already sold on the benefits of building a high-temperature gas-cooled reactor, an expensive option that promises a relatively small footprint on land and minimal risk of a meltdown. The CANDU, by contrast, is a pressurized heavy water reactor, which uses a special kind of water as a coolant to use raw uranium as a fuel and avoid enrichment altogether.
That means the real competition is between X-energy and the China National Nuclear Corporation. CNNC, the second of China’s two state nuclear companies, which currently operates the world’s only commercial high-temperature gas-cooled reactor. Located at Shidao Bay Nuclear Power Plant on the tip of the Shandong Peninsula that juts from northern China into the Yellow Sea, the demonstration reactor came online in December 2023. The completion of the 210-megawatt reactor, which runs on a specialized and fuel known as TRISO that’s specifically engineered for safety, vaulted China to the front of the global race for what are called fourth-generation technologies that use coolants other than water.
While the U.S., Britain, Germany, and Japan all built experimental high-temperature gas-cooled reactors (America also briefly operated a commercial plant in Colorado before shutting it down in the early 1990s due to high costs), China is the first in decades to actually pump its electricity onto the grid. Construction began earlier this month on a second such unit.
That could afford CNNC some advantages. “China has an HTGR that’s been operating,” D'Onofrio told me. “But it is demonstrably more difficult to get information out of China and on that program.”
The trouble is, countries that “are embarking on new nuclear programs want to learn and absorb themselves,” she said. “They don’t just want to buy something off the shelf,” she said. “That’s unfortunately not how nuclear works.” With the Xe-100, an 80-megawatt small modular reactor cooled with helium, D'Onofrio said, “we tried our best to optimize constructability, to optimize manufacturability, to optimize efficiencies in the core.”
X-energy is making progress. On Monday, the U.S. Nuclear Regulatory Commission granted the company a permit to begin construction on its first plant, a small facility on Texas’ Gulf coast to funnel electricity and heat to Dow’s second-largest chemical plant. X-energy has also inked at least two deals with American utilities for full-scale plants in Washington State, with Energy Northwest, and in Indiana with American Electric Power.
Though the company has yet to fully build one of its reactors, she said, “I am confident that once we do, there will be a wave that we’re excited to see of interest from industry, from data centers, and from customers all over the world.”
If China’s edge is having an actual operating reactor, the strongest argument for X-energy may be its plans to manufacture its own fuel.
Both the Chinese and the American reactors run on TRISO. Rather than slotting pellets of enriched uranium into PEZ dispenser-like fuel assemblies that go into conventional reactors, TRISO producers ball the enriched uranium into poppyseed-sized spheres coated in ceramic material. That coating absorbs the dangerous materials produced during fission and makes a meltdown physically impossible, eliminating the need for the massive steel and concrete domes that serve as containment in traditional nuclear plants.
While China fills its TRISO kernels with conventional low-enriched uranium, X-energy is manufacturing its own fuel out of a more potent type of fuel. That fuel, known as high-assay low-enriched uranium or HALEU, burns through more of the energy in the uranium, but it’s also more expensive, and the only major commercial vendor in the world today is Russia’s Rosatom.
“We have the [intellectual property] on some of the most reliable TRISO fabrication that’s ever been invented,” D'Onofrio said.
Some experts doubt that Singapore will actually commission a nuclear plant anytime soon. “The Singaporeans are treating nuclear energy as a long-term risk-monitoring exercise rather than an active engineering [project],” François Morin, the World Nuclear Association’s director in Beijing, told me in a text message. “For now, the state’s priority is maintaining a superficial, multi-directional radar so they aren’t blindsided if regional neighbors like Indonesia or Malaysia move forward with their own nuclear plans.”
While the appeal of a TRISO-fueled high-temperature gas-reactor is the absence of a multi-mile emergency planning zone like those that surround water-cooled plants, Morin said the Singaporean government is “ignoring the reality that no international regulator has universally codified a ‘zero-EPZ’ standard for a hyper-dense metropolitan area.”
X-energy said it doesn’t need to ultimately build a reactor in Singapore for the effort to be worthwhile.
“Even if Singapore doesn’t pursue an HTGR program — we’d love them to — they’re going to play a role in regional development,” D'Onofrio said. “We want to play a role in regional development, and the strength of Singaporean institutions — the ease of doing business here — makes it a really, really interesting option for us for a future footprint.”