US, Japan, South Korea Sign MOU for Small Modular Reactor Cooperation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 hours ago
0mins
On the margins of the NATO Summit in Ankara, Turkiye, the United States Secretary of State Marco Rubio, Japan Foreign Minister Motegi Toshimitsu, and Republic of Korea Foreign Minister Cho Hyun signed a Memorandum of Cooperation to establish a framework for trilateral cooperation on accelerating small modular reactor deployments in other countries, with an initial focus on the Indo-Pacific. The MOC advances our mutual security interests and paves the way for partner countries to meet their energy security needs. The MOC outlines opportunities for our three countries, which have complementary advantages in the civil nuclear field, to encourage mutually beneficial cooperation among their respective nuclear industries. This framework aims to foster fleet deployment models that de-risk project development, achieve economies of scale, catalyze private investment, streamline licensing processes, and optimize supply chains. In support of this initiative, the United States is committing over $10M in new funding for the Department of State's Foundational Infrastructure for Responsible Use of Small Modular Reactor Technology Program to provide technical support to countries in Indo-Pacific region for the deployment of safe, secure, and reliable nuclear energy. Funds will advance SMR project development activities and establish an SMR Regional Training Hub for workforce development. The United States also announced an industry initiative agreed upon among GE Vernova (GEV), Hitachi (HTHIY), Samsung C&T (SSNLF), and SGE to advance deployment of the BWRX-300 SMR across Europe. This initiative will help achieve the ambitions set forth in the memorandum signed today and deepen government-industry partnerships to strengthen global energy security.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to fall
24 Analyst Rating
20 Buy
4 Hold
0 Sell
Strong Buy
Current: 1113.110
Low
714.00
Averages
858.23
High
1087
Current: 1113.110
Low
714.00
Averages
858.23
High
1087
About GEV
GE Vernova Inc. is engaged in the electric power industry, with products and services that generate, transfer, orchestrate, convert, and store electricity. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. The electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Innovative Product Advantage: NOMAD's products are truck-transportable and can connect to the grid in minutes, bypassing the months of construction typically required for traditional fixed installations, which gives it a competitive edge, particularly in the AI and cloud computing sectors.
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See More
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See More
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See More
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See More
