Hitachi and GE Vernova Form Joint Venture to Advance SMR Deployment in Europe
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Hitachi and GE Vernova established a joint venture to explore the deployment of the BWRX-300 small modular reactor (SMR) in Europe. The partnership is focused on leveraging the BWRX-300 SMR technology, which is designed by the joint venture itself. The collaboration involves multiple parties, including GE Vernova, Hitachi, Poland's SGE, and South Korea's Samsung C&T.
Why it matters
This initiative contributes to the global trend of nuclear capacity growth, which targets a tripling of capacity by 2050 through SMR deployment. The collaboration is viewed as a concrete industry effort to advance BWRX-300 deployment across Europe and deepen government-industry cooperation on global energy security.
GE Vernova and others are driving global nuclear capacity growth, targeting a tripling of capacity by 2050 through SMR deployment.
Who's involved
- HitachiPartner in the joint venture focused on SMR technology.
- GE VernovaPartner in the joint venture focused on SMR technology.
- EuropeTarget market for the deployment of the BWRX-300 SMR.
- PolandA country where projects for a fleet of BWRX-300 reactors are already being developed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
How this reaches others
Each traced step by step, with the reporting behind itHow it developed
Newest first. Tap a step to see who reported it.The partnership on the BWRX-300 SMR project is underway.1 source
Hitachi and GE Vernova formed a JV to deploy BWRX-300 SMR technology in Europe.1 source
Keep exploring
The entities involved
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Hitachi
Japanese multinational engineering and electronics company
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GE Vernova
American energy equipment manufacturing company
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Europe
terrestrial continent located in north-western Eurasia