GE Vernova aims to generate over $2 billion annually from small modular reactors by the mid-2030s, targeting a potential market of 57 units across the U.S., Canada, UK, and Europe by 2035. The BWRX-300 simplifies nuclear plant construction, addressing cost challenges and positioning nuclear power for a more significant role in reducing carbon emissions.
GE Vernova's small modular reactor , BWRX-300 , could play a significant role in expanding nuclear power over the next decade. The spinoff of General Electric is targeting over $2 billion in annual revenue from its small reactor business by the mid-2030s, with potential demand for up to 57 small reactors across the U.S., Canada, the UK, and Europe by 2035. GE Vernova has also seen interest from major tech companies alongside utility companies.
The BWRX-300 is designed to reduce the cost of building new nuclear plants, as the simpler design requires fewer components and less concrete and steel compared to larger facilities
GE Vernova BWRX-300 Small Modular Reactor Nuclear Power Energy Expansion Cost Reduction
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