Samsung Heavy Industries and U.S. firm Sargent & Lundy signed an MOU to jointly develop standardized floating small modular reactors (FSMRs), combining their expertise to offer versatile reactor technologies to global customers.
A consortium led by Polish billionaire Michał Sołowow plans to build 14 small modular nuclear reactors across three UK sites, including Gloucestershire. The £35bn private capital project aims to power 8m homes and potentially datacentres, with GE Vernova and Hitachi providing design. The consortium seeks a government support contract and aims for electricity generation by 2034.
India is exploring Small Modular Reactors (SMRs) to meet the growing demand for reliable power in its defence and data centre sectors. A policy dialogue highlighted SMRs' potential for clean, uninterrupted electricity, crucial for mission-critical operations and energy security, while addressing cost, regulation, and safety.
Southeast Asia is exploring a nuclear energy revival, with China emerging as a strong partner. Leveraging its extensive domestic experience and the Hualong One reactor design, China offers advanced technology and energy security to the region.
Rolls-Royce has secured a £599m loan from the UK's national wealth fund to accelerate the development of small modular nuclear reactors (SMRs) at the Wylfa site in Anglesey, a project expected to create 1,000 jobs and bolster domestic energy security.
