Whatever Happened to the Small Modular Reactor Revolution?

Trump aims to support the deployment of new nuclear reactor technologies and expand American nuclear energy capacity from around 100 GW today to 400 GW by 2050. In December 2025, the Department of Energy selected the Tennessee Valley Authority and Holtec Government Services to support early deployments of advanced light-water SMRs in the United States, with the teams expected to receive a combined total of $800 million in federal funding for initial projects in Tennessee and Michigan.

The United States is also collaborating with other countries to advance SMR technology. In March 2026, the U.S. Department of Commerce announced a $40 billion energy partnership with Japan to deploy GE Vernova Hitachi (GVH) BWRX-300 SMRs in Tennessee and Alabama as part of the U.S.-Japan Strategic Investment initiative.

Meanwhile, in the U.K., in 2025, the government selected aerospace company Rolls-Royce as the preferred developer of SMR technology, with over $800 million in financing from Britain’s national wealth fund. Rolls-Royce will develop its first SMR project at Wylfa on the island of Anglesey, where plans for a conventional nuclear plant were scrapped in 2020. In June, Rolls-Royce SMR was chosen by the Swedish development company Videberg Kraft to build SMRs in Sweden, marking a major multibillion-pound export deal between the U.K. and Sweden.

https://oilprice.com/Alternative-Energy/Nuclear-Power/Whatever-Happened-to-the-Small-Modular-Reactor-Revolution.html

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