GE Vernova plans to install up to 57 small nuclear reactors by 2035 to boost clean energy and revenue.

GE Vernova, a spinoff from General Electric, plans to deploy up to 57 small nuclear reactors by 2035 in the U.S., Canada, the UK, and Europe, aiming for over $2 billion in annual revenue. Their BWRX-300 reactor targets lower costs, estimated at $2-$4 billion, compared to $10-$15 billion for larger plants. The company is engaging utilities and tech firms, including those running AI data centers, to meet growing electricity demands.

November 30, 2024
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