Subsidiary of GE VernovaFounded 2007🇺🇸Wilmington, North CarolinaCEO Jason Cooper
GE Vernova Hitachi Nuclear Energy (GVH, formerly GE Hitachi Nuclear Energy) is the Wilmington, North Carolina-based nuclear alliance formed by GE (60%, now GE Vernova) and Hitachi (40%) in 2007, combining reactor design, services for the global boiling-water-reactor fleet, and fuel manufacturing through Global Nuclear Fuel.
Latest update Oct 17, 2026
01
Its flagship BWRX-300 small modular reactor - a 300 MWe natural-circulation design derived from the NRC-certified ESBWR - is the first grid-scale SMR under construction in the Western world, with Ontario Power Generation building the first of four units at Darlington for service by the end of 2030. In the US, the NRC issued TVA Construction Permit CPAR-2 for Clinch River Unit 1 on September 28, 2026 (TVA and GVH announced it September 29; Federal Register notice October 5), the first US BWRX-300 CP and only the second US advanced-reactor CP. The permit sets construction completion between October 1, 2031 and September 30, 2032 and is not an operating license. TVA announced no construction start. ENR quoted spokesperson Scott Fiedler that nuclear construction has not begun, no new construction packages or long-lead procurement were authorized, the board still must approve a final commitment to build ($350 million authorized to date), and TVA did not reaffirm a 2032 commercial-operation target while cost-share talks continue so ratepayers do not bear first-of-a-kind costs. In March 2026 the US and Japanese governments announced up to $40B to deploy up to 10 BWRX-300s (3 GW) in Tennessee and Alabama under the US-Japan strategic investment framework. The order book extends across Poland (ORLEN Synthos Green Energy, including a June 2026 agreement for up to six units at Wloclawek), the UK (Generic Design Assessment completed December 2025; an SGE-led team bid in mid-2026 to build 14 units), a new US project with Elementl Power in Meigs County, Ohio (up to five units, agreed June 2026), Estonia, Hungary, Saskatchewan, Lithuania and Bulgaria, plus a March 2026 MOU with Hitachi to explore Southeast Asia. GVH lost Sweden's first new-nuclear competition in June 2026, when Vattenfall's Videberg Kraft venture picked Rolls-Royce SMR over the BWRX-300 for its Ringhals project, but returned to the Swedish market on September 3, 2026 when Studsvik selected GVH and Samsung C&T to advance a separate proposed four-unit, 1.2 GW BWRX-300 project. On September 15, 2026 Blue Energy filed the first part of an NRC construction permit application for the first BWRX-300 at its Port of Victoria, Texas gas-plus-nuclear plant. GVH also co-developed the Natrium sodium-cooled fast reactor with TerraPower, which began construction in Wyoming in 2026. Jason Cooper became President and CEO in January 2026. GE Vernova's Q2 2026 10-Q separately disclosed Nuclear Power segment revenue for the first time - $1,575M for H1 2026, up from $1,310M in H1 2025.
federalregister.govUpdated Oct 7, 2026
Analysis · 6 min read · Sep 17, 2026The long view on GE Vernova Hitachi Nuclear Energy: strategy, technology and what to watch02
2026-2027
Nov 2026
SGE's team (with Samsung C&T, Laing O'Rourke, Aecon Group and Google Cloud) applied under the UK's Advanced Nuclear Framework to deploy 14 BWRX-300 units (4.2 GW) across three UK sites, including six units at Oldbury-on-Severn. SGE targets entering the government's Advanced Nuclear Pipeline in November 2026, with site selection and government support-scheme negotiations to follow in H1 2027 ahead of a targeted 2030 final investment decision and first-unit operation in 2034.
2027
Blue Energy and GE Vernova plan a 2.5 GW gas-plus-nuclear hybrid plant at the Port of Victoria, Texas to power an AI/data-center campus: GE Vernova gas turbines (~1 GW) online as early as 2030, switching to ~1.5 GW of GVH BWRX-300 SMR output as early as 2032. On August 13, 2026 the companies signed an agreement launching the next phase (engineering design, licensing, safety analysis) and reserving a 2029 delivery slot for two 7HA.02 gas turbines. On September 15, 2026 Blue Energy filed the first part of its NRC construction permit application for the first nuclear unit, requesting limited foundation and shaft work and NRC approval of its gas-first 'Blue Bridge' sequence; the second half of the application is expected in H2 2027 after a year of site-specific data collection. The project remains subject to a 2027 final investment decision.
2030
OPG targets construction completion of the first BWRX-300 in late 2029 and commercial operation by the end of 2030 - which would make it the Western world's first operating grid-scale SMR. OPG submitted its application for the 20-year operating licence to the CNSC on March 25, 2026 (a hearing date has not yet been set); reactor-building shaft excavation was completed in early 2026 and the RHP-1 foundation hold point was cleared March 30, 2026 after CNSC verified commitments were met. GVH's BWRX-300 product page still lists construction complete by late 2029 and commercial operation by end of 2030 as of September 17, 2026.
2030
Elementl Power signed an Early Works Agreement with GVH in June 2026 to deploy up to five BWRX-300 units (about 1.5 GW) at a nearly 700-acre site in Letart Township, Meigs County, Ohio, and has filed with PJM Interconnection to connect the first 600 MW of output to the grid. Elementl is targeting construction start in 2030 and completion of the first unit in 2034.
Early 2030s
TVA targets commercial operation of the first US BWRX-300 at its Clinch River site in the early 2030s, supported by a $400M DOE Gen III+ award - positioned as the nation's first commercial SMR and the anchor of the $40B US-Japan Tennessee/Alabama deployment program. The NRC held its uncontested mandatory hearing on the construction permit (no intervention petitions filed) on August 13, 2026 in Oak Ridge, Tennessee; the hearing record closed August 27, 2026 and the official docket now targets a Fall 2026 commissioner decision.
Oct 1, 2031
2032
ORLEN and Synthos Green Energy's 50/50 JV (OSGE) selected Włocławek as the site of Poland's first SMR plant - planned as Europe's first BWRX-300. GVH and OSGE signed a Poland Generic Design Agreement in February 2026 to advance a Polish-adapted detailed design, backed by up to $4B in US EXIM/DFC letters of interest; on June 25, 2026 OSGE and the city of Włocławek signed a cooperation agreement covering up to six BWRX-300 units (1.8 GW) at the site, within OSGE's longer-term roadmap for a fleet of up to 24 units nationwide. OSGE targets the first unit online by 2032.
Mid-2030s
TargetMid-2030s (first unit)
Following a competitive evaluation, Swedish nuclear technology company Studsvik selected GVH and Samsung C&T as strategic collaborators on September 3, 2026 to advance its proposed 1.2 GW 'ReFirm' program - four BWRX-300 units at either Studsvik's licensed Nykoping site or Malma in Valdemarsvik. GVH will lead reactor design, licensing support and cost estimation and work with Samsung C&T on execution, while Studsvik handles permitting, the environmental impact assessment and Swedish government engagement; South Korea's DS Investment Partners will lead project investment. This marks GVH's return to the Swedish market after Vattenfall's Videberg Kraft venture picked Rolls-Royce SMR over the BWRX-300 for the separate Ringhals project in June 2026. The agreement is exclusive for a fixed period but is not yet a final investment decision or construction authorization.
03
The NRC on September 29, 2026 issued a construction permit for Clinch River Unit 1, a GE Vernova Hitachi Nuclear Energy BWRX-300, at TVA's site near Oak Ridge, Tennessee. TVA said it is the first U.S. utility permitted to build the 300-megawatt BWRX-300 and only the second U.S. advanced-reactor construction permit; no construction start date was announced and an operating license is still required. The Washington Examiner reported the NRC finished the review in 14 months, four months early, and that TVA is still negotiating cost sharing so ratepayers do not bear first-of-a-kind costs.
Swedish nuclear technology company Studsvik announced September 3, 2026 that it selected GE Vernova Hitachi Nuclear Energy and Samsung C&T as strategic partners to advance a proposed four-unit BWRX-300 small modular reactor project totaling about 1.2 gigawatts. The project would be sited at Studsvik's existing licensed nuclear site in Nykoping or at Malma in Valdemarsvik, with the first unit targeted to enter operation in the mid-2030s; GE Vernova Hitachi will lead reactor design and licensing support while Studsvik handles permitting and government engagement, and South Korea's DS Investment Partners will lead project investment. The move marks GVH's return to the Swedish market after losing a separate nuclear competition there to Rolls-Royce SMR in June 2026, though the new agreement is not yet a final investment decision.
The Nuclear Regulatory Commission held a mandatory, uncontested hearing on August 13 on TVA's construction permit application for the Clinch River BWRX-300 small modular reactor, the first time the agency has used its new streamlined public hearing process for a construction permit review. NRC staff had already recommended approval in a June 2026 safety evaluation; the hearing record stays open until August 27 before commissioners issue a final permit decision.
Blue Energy and GE Vernova Hitachi Nuclear Energy signed an agreement August 13 launching the next phase of their planned 2.5 GW 'gas-plus-nuclear' plant in Victoria, Texas, advancing engineering design, licensing and safety analysis ahead of a 2027 final investment decision. The companies also signed a slot-reservation agreement for 2029 delivery of two GE Vernova 7HA.02 gas turbines that would supply about 1 GW of power as early as 2030, before roughly 1.5 GW of GVH BWRX-300 small modular reactor output switches in as early as 2032.
04
300 MWe Gen III+ boiling-water small modular reactor derived from the NRC-certified ESBWR, using natural circulation and passive safety systems, a 60-year design life, and proven GNF fuel. Designed for a power block that fits within two soccer fields and 24-36 month nth-of-a-kind construction. The first grid-scale SMR under construction in the Western world.
GE Vernova-led fuel alliance with Hitachi producing advanced BWR fuel assemblies (GNF2, GNF3, GNF4) that improve plant performance and fuel-cycle economics for the operating reactor fleet worldwide.
Lifecycle services for the global BWR fleet (and PWR services) - outage execution, performance upgrades, inspections, non-destructive examination and VR-based training - built on GE's boiling-water-reactor lineage dating to the first privately financed reactor at Vallecitos in 1957 and the NRC-certified ABWR/ESBWR designs.
345 MWe sodium-cooled fast reactor with molten-salt thermal storage that can boost output to 500 MWe for over five hours, co-developed with TerraPower under a 2020 joint development agreement. The first plant is being built at Kemmerer, Wyoming.
05
$1,575M for H1 2026, up from $1,310M in H1 2025 (GE Vernova's Nuclear Power segment - i.e. GVH - per the Q2 2026 10-Q), implying a full-year run rate above $3B. This is the first period GE Vernova has separately broken out nuclear-specific revenue in its SEC filings, superseding prior third-party estimates (~$2B/yr). As of September 17, 2026 GE Vernova had not posted Q3 2026 results.
(~24 units planned; up to 6 units/1.8GW at first site Włocławek, targeted 2032), Ohio (Elementl Power, up to 5 units/1.5GW at Meigs County), Estonia (Fermi Energia; parliament passed a nuclear energy law June 2026), Hungary (LOI, up to 10), Saskatchewan, UK (SGE-led 14-unit, 4.2GW bid), Lithuania (MOU signed February 2026), Bulgaria (LOI for a JV targeting up to 6 units, December 2025), Southeast Asia (MOU with Hitachi), Finland (Fortum early-works agreement), Sweden (Studsvik ReFirm: four BWRX-300 units / 1.2 GW selected September 3, 2026 after losing the separate Ringhals competition to Rolls-Royce SMR in June 2026)
(Federal Register Oct 5; ML26243A056). Construction completion window Oct 1, 2031 to Sept 30, 2032; not an operating license. No construction start; TVA board still must approve a final commitment to build; $350M authorized to date; 2032 commercial-operation target not reaffirmed.
06
Operating status
Operational - scaling SMR deployment; US CP in hand, construction not started
Revenue-generating nuclear fuel and BWR fleet-services business. BWRX-300: Darlington Unit 1 under construction (in service by end of 2030). NRC issued TVA Construction Permit CPAR-2 for Clinch River Unit 1 on September 28, 2026 (Federal Register notice October 5; ADAMS ML26243A056). Earliest construction completion is October 1, 2031 and latest is September 30, 2032; a separate operating license is still required. TVA announced no construction start. ENR quoted Scott Fiedler that nuclear construction has not begun, permit issuance did not trigger new construction packages or long-lead procurement, the board still must approve a final commitment to build ($350 million authorized), and TVA did not reaffirm a 2032 commercial-operation target. Cost-share talks continue. Official GVH leadership lists Jason Cooper as President and CEO.
Nuclear fuel (Global Nuclear Fuel)
GNF, a GE Vernova-led alliance with Hitachi, manufactures GNF2/GNF3/GNF4 fuel assemblies for the global BWR fleet at plants in Wilmington, North Carolina (since 1969) and Kurihama, Japan (since 1970).
Outage services, plant upgrades, inspections, non-destructive examination and PWR services for the worldwide reactor fleet, drawing on more than six decades of BWR experience; run as a dedicated Installed Base business under CEO Craig Ranson.
BWRX-300 new-plant sales & technology licensing
Reactor technology contracts and licensing for BWRX-300 deployments - including OPG's four-unit Darlington project and a standard-design licensing agreement giving Poland's ORLEN Synthos Green Energy full access to the BWRX-300 technology.
Advanced reactor co-development (Natrium)
Co-developer with TerraPower of the Natrium 345 MWe sodium-cooled fast reactor with molten-salt energy storage, which received its NRC construction permit in March 2026 and began plant construction at Kemmerer, Wyoming in April 2026.
Gas-plus-nuclear hybrid plants (with Blue Energy)
Combined gas-turbine-and-BWRX-300 power plants developed with Blue Energy to serve AI data-center demand: GE Vernova gas turbines deliver early power while BWRX-300 SMRs are built and phased in, cutting the time to first power versus an all-nuclear plant. First planned site is a 2.5 GW project at the Port of Victoria, Texas. Blue Energy filed the first part of its NRC construction permit application for the first nuclear unit on September 15, 2026; the project remains subject to a 2027 final investment decision.
07
How past announced dates turned out.
1/2announced dates hit on time
NRC decision on Clinch River construction permit
Target Fall 2026 · Resolved Sep 28, 2026
NRC issued immediately effective Construction Permit CPAR-2 on September 28, 2026. The Federal Register notice of October 5, 2026 (91 FR 63311) lists the permit as ADAMS ML26243A056. The permit authorizes construction and is not an operating license. ENR on September 30 quoted Scott Fiedler that nuclear construction had not begun, that permit issuance had not authorized new construction packages or long-lead procurement, and that the board still must approve a final commitment. ENR also said TVA did not reaffirm a 2032 commercial-operation date. No later board vote, and no commercial-operation date distinct from the permit window of October 1, 2031 to September 30, 2032, was found through October 17, 2026. The separate board-commitment step stays open.
Vattenfall Ringhals SMR supplier selection (Sweden)
Target 2026 · Resolved Jun 15, 2026
Vattenfall's Videberg Kraft venture selected Rolls-Royce SMR over the BWRX-300 to supply three 470 MWe reactors (about 1.5 GW) at Ringhals, ending GVH's bid for Sweden's first new-nuclear project in over four decades after being down-selected as a finalist in August 2025.
08
2026
Federal Register publishes Clinch River CPAR-2; construction window is 2031-2032
On October 5, 2026 the Federal Register published NRC notice 2026-20345 that Construction Permit CPAR-2 was issued to TVA on September 28, 2026 (ADAMS ML26243A056). The permit sets the earliest construction-completion date at October 1, 2031 and the latest at September 30, 2032, expires on the latter, and states that a license authorizing operation will not be issued unless TVA later submits a complete final safety analysis report. That window is a construction-completion bound, not a commercial-operation date. TVA still has not announced a construction start.
NRC issues TVA Clinch River BWRX-300 construction permit
On September 29, 2026 the NRC issued a construction permit for Clinch River Unit 1, a GE Vernova Hitachi Nuclear Energy BWRX-300, at TVA's site near Oak Ridge, Tennessee. TVA said it is the first U.S. utility permitted to construct the BWRX-300 and only the second U.S. advanced-reactor construction permit. No construction start date was announced. An operating license is still required. The Washington Examiner reported the NRC completed its review in 14 months, four months ahead of schedule, and that TVA is still negotiating cost sharing. The permit holder is TVA, not GE Hitachi.
Blue Energy files first part of NRC construction permit for Victoria BWRX-300
On September 15, 2026 Blue Energy submitted the first part of its NRC construction permit application for the first BWRX-300 at the Port of Victoria, Texas gas-plus-nuclear plant, becoming one of five companies in the current US new-nuclear wave to file a construction permit. The filing, which GVH supported with technical information, requests limited foundation and shaft work plus NRC approval of Blue Energy's 'Blue Bridge' sequence of building the gas and balance-of-plant first. The second half of the application is expected in the second half of 2027 after a year of site-specific data collection, and the project remains subject to a 2027 final investment decision.
Studsvik picks GVH and Samsung C&T for Swedish BWRX-300 project
Studsvik AB selects GVH and Samsung C&T as strategic collaborators on September 3, 2026 to advance a proposed four-unit, 1.2 GW BWRX-300 project ('ReFirm') at one of its licensed Swedish sites, with South Korea's DS Investment Partners leading project investment - GVH's return to the Swedish market three months after losing the separate Ringhals competition to Rolls-Royce SMR.
SGE-led team bids to build 14 BWRX-300s in the UK
A Poland-based developer, SGE, applies under the UK's Advanced Nuclear Framework to deploy 14 GVH BWRX-300 units (4.2 GW) across three UK sites - including six units at Oldbury-on-Severn, Gloucestershire - in partnership with Samsung C&T, Laing O'Rourke, Aecon Group and Google Cloud. SGE targets entering the Advanced Nuclear Pipeline in November 2026 and first commercial operation of the first unit in 2034.
Blue Energy signs next-phase agreement for Victoria, Texas plant
Blue Energy and GVH sign an agreement on August 13, 2026 launching the next phase of the Victoria, Texas gas-plus-nuclear project - advancing engineering design, licensing and safety analysis ahead of the 2027 final investment decision - alongside a slot-reservation agreement for 2029 delivery of two GE Vernova 7HA.02 gas turbines that would provide about 1 GW of power as early as 2030, ahead of roughly 1.5 GW of GVH BWRX-300 SMR output switching in as early as 2032.
Blue Energy partnership for a Texas gas-plus-nuclear plant
GE Vernova and developer Blue Energy announce plans for a 2.5 GW hybrid plant in Texas combining GE Vernova gas turbines with GVH BWRX-300 SMRs to power an AI/data-center campus, described as the world's first 'gas-plus-nuclear' plant - gas online as early as 2030, nuclear switched in as early as 2032, subject to a 2027 final investment decision.
NRC holds first hearing under new streamlined process
On August 13, 2026, the NRC holds its mandatory, uncontested hearing on TVA's Clinch River BWRX-300 construction permit application in Oak Ridge, Tennessee - the first time the agency uses its new streamlined public hearing process for a construction permit review. No intervention petitions were filed, and the hearing record stays open until August 27, 2026 ahead of the commissioners' final permit decision.
2026
NRC staff recommend Clinch River construction permit
In June 2026, NRC staff publish a safety evaluation recommending issuance of the construction permit for TVA's Clinch River BWRX-300 - the final mandatory hearing is set for August 13, 2026, ahead of the original December timeline.
OSGE and Włocławek agree on six-unit BWRX-300 site
OSGE signs a cooperation agreement with the city of Włocławek on June 25, 2026 covering up to six BWRX-300 units (1.8 GW) at Poland's first SMR site, part of OSGE's roadmap for up to 24 units nationwide with first-unit operation targeted for 2032.
Elementl Power signs Early Works Agreement for Ohio BWRX-300 project
Elementl Power signs an Early Works Agreement with GVH, announced June 18, 2026, to deploy up to five BWRX-300 units (about 1.5 GW) at a nearly 700-acre riverfront site in Letart Township, Meigs County, Ohio, which Elementl has agreed to purchase from American Municipal Power. Elementl has filed with PJM Interconnection to connect the first 600 MW of output, targeting construction start in 2030 and first-unit completion in 2034.
Estonia passes Nuclear Energy and Safety Act
The Riigikogu (Estonia's parliament) passes the country's first comprehensive nuclear energy law on June 17, 2026 by a vote of 63-10, establishing rules for siting, construction, operation and decommissioning and requiring parliamentary approval before any plant construction decision - clearing a legal path for Fermi Energia's planned BWRX-300 deployment, GVH's SMR customer in Estonia.
Vattenfall selects Rolls-Royce over BWRX-300 for Sweden's Ringhals project
Videberg Kraft, Vattenfall's nuclear-development venture with Industrikraft, selects Rolls-Royce SMR over the BWRX-300 on June 15, 2026 to supply three 470 MWe reactors (about 1.5 GW) at Ringhals - ending GVH's bid for Sweden's first new-nuclear project in more than four decades, after the BWRX-300 had been named a finalist alongside Rolls-Royce in August 2025.
Darlington basemat installation
On April 22, 2026, OPG lowers a 953-tonne foundation basemat module 35 meters into the reactor building shaft at Darlington - a major construction milestone for the first BWRX-300 unit.
AFRY signs BWRX-300 engineering agreement for Sweden
GVH signs a Main Services Agreement with Swedish engineering firm AFRY on April 7, 2026 covering non-exclusive engineering and advisory support, including licensing work with the Swedish Radiation Safety Authority, for BWRX-300 deployment in Sweden and across Europe.
Southeast Asia BWRX-300 MOU signed with Hitachi
GE Vernova and Hitachi sign a memorandum of understanding on March 14, 2026 at the Indo-Pacific Energy Security Ministerial & Business Forum in Tokyo to jointly explore commercial BWRX-300 opportunities in Southeast Asia, including qualifying Japanese suppliers into the SMR supply chain.
US–Japan $40B BWRX-300 program announced
At a March 2026 White House meeting between President Trump and Prime Minister Takaichi, the US and Japan announce up to $40B under their strategic investment framework to deploy up to 10 BWRX-300s (3 GW) in Tennessee and Alabama; the same month OPG applies for the Darlington operating licence and TerraPower's GVH-co-developed Natrium receives its NRC construction permit.
Poland's SGE, Lithuania's Altra and GVH sign a memorandum of understanding in Washington on February 5, 2026, witnessed by Lithuania's energy minister and US DOE officials, to examine potential deployment of the BWRX-300 in Lithuania - GVH's first Baltic market beyond Estonia.
Jason Cooper named President & CEO
Jason Cooper, who joined GVH in June 2025 as Advanced Nuclear CEO after leading GE Vernova's $7B heavy-duty gas turbine business, is appointed President & CEO of GE Vernova Hitachi Nuclear Energy in January 2026.
2025
Bulgaria joint-venture letter of intent
Bulgaria's Blue Bird Energy and Poland's Synthos Green Energy sign a letter of intent on December 22, 2025 to form a joint venture to deploy up to six BWRX-300 units in Bulgaria, targeting industrial and data-center power plus decarbonization of district heating - adding Bulgaria to GVH's European order pipeline.
UK GDA completed; DOE awards TVA $400M
In December 2025 the BWRX-300 completes the UK Generic Design Assessment - regulators find no fundamental safety, security or environmental shortfalls - and the US DOE awards TVA $400M under its Gen III+ SMR program to accelerate the Clinch River BWRX-300.
Vattenfall down-selects BWRX-300 in Sweden
Vattenfall names the BWRX-300 one of two finalists (alongside the Rolls-Royce SMR) for ~1.5 GW of new nuclear capacity adjacent to its Ringhals plant on Sweden's Värö Peninsula.
Hunatom and SGE sign Hungary SMR letter of intent
Hungarian nuclear developer Hunatom signs a letter of intent with Poland's Synthos Green Energy (SGE) on July 30, 2025 to assess deployment of up to 10 GVH BWRX-300 units in Hungary, witnessed by Hungary's foreign minister and US and Polish diplomats.
TVA files first US BWRX-300 construction permit application
TVA submits the first US construction permit application for a BWRX-300 at the Clinch River site in Oak Ridge, Tennessee in May 2025; the NRC dockets it in July 2025.
Darlington construction begins - first Western SMR
The CNSC grants OPG a licence to construct in April 2025, OPG takes its final investment decision (CAD $7.7B for Unit 1, CAD $20.9B for all four units), and construction of the first BWRX-300 begins in May 2025 - the first grid-scale SMR construction in the Western world.
2024
2023
2021
2020
2014
2007
09
$40.4Bdisclosed across 2 rounds with a stated amount
Joint venture formation
2007-06
General Electric (60%), Hitachi (40%)
Parent spin-off (GE stake to GE Vernova)
2024-04-02
GE Vernova (NYSE: GEV) assumes GE's 60% stake
DOE Gen III+ SMR cost-share (via TVA, for Clinch River BWRX-300)
2025-12
U.S. Department of Energy
US–Japan Strategic Investment (BWRX-300 deployment program)
2026-03
US–Japan strategic investment framework (part of the $550B Japan–US trade deal); Japanese government-backed financing
