GE Vernova, Hitachi, and Samsung Collaborate on Small Modular Reactors for European Market
Four major engineering firms—GE Vernova (U.S.), Hitachi (Japan), Samsung C&T (South Korea), and SGE (Poland)—have signed a memorandum of understanding to collaborate on deploying small modular reactors (SMRs) in Europe. SMRs are smaller, more cost-effective nuclear power plants that can be built remotely and deployed quickly compared to traditional nuclear facilities. The initiative aims to address growing energy demands, particularly from AI data centers, while reducing reliance on Russian-sourced materials for energy generation. The collaboration focuses on the BWRX-300 SMR developed by GE Vernova and Hitachi subsidiaries. Government support is evident through high-level attendance at the MoU signing during a summit in New York, including U.S. Deputy Secretary of State Christopher Landau and Japanese officials. A broader trilateral agreement between the governments of the U.S., Japan, and South Korea further supports SMR deployment outside their borders. The companies aim to leverage combined expertise in nuclear technology and regional development across Europe. This partnership is seen as a strategic move with potential implications for energy security and clean power generation on the continent.
Topics: clean energy international cooperation nuclear energy small modular reactors