GE Hitachi, partners commit to $400M global small modular reactor project (NYSE:GE)

GE Hitachi Nuclear Energy (NYSE:GE), Tennessee Valley Authority, Ontario Power Generation and Poland’s Synthos Green Energy agree to partner in advancing the global deployment of the GEH BWRX-300 small modular reactor, World Nuclear News reported Friday.

The four groups will collaborate in the development of the BWRX-300 standard design and detailed design for key components, including reactor pressure vessel and internals.

Each contributor said they will fund part of the overall cost of development of a standard design, which GE Hitachi expects will require a ~$400M total investment.

The collaborators agreed to form a Design Center Working Group intended to ensure the standard design is deployable in multiple jurisdictions, with a long-term goal for the BWRX-300 design to be licensed and deployed in the U.S., Canada, Poland and beyond.

General Electric (GE) stock “can continue to outperform even amid challenging market and economic conditions,” Ian Bezek writes in an analysis posted recently on Seeking Alpha.