Overview
- A joint statement in Washington confirms $40 billion for small modular reactors in Tennessee and Alabama.
- About $33 billion is earmarked for natural‑gas plants in Pennsylvania and Texas to help keep U.S. power prices steady and supply data centers.
- GE Vernova Hitachi, the General Electric–Hitachi venture, is named as the SMR supplier for the U.S. sites.
- The package forms part of Japan’s roughly $550 billion U.S. investment pledge tied to talks over lower tariffs.
- Europe advances its own SMR agenda as the European Commission targets first units by 2030 with initial €200 million funding, while experts caution most Western designs may need 10–15 years and German leaders float pilot projects.