During the NATO summit the US, Japan and South Korea signed an MoU to create an export cooperation mechanism for small modular reactors (SMRs), targeting third‑country nuclear markets including the Indo‑Pacific. Governments cited sharply rising power demand from AI as a rationale for coordinated SMR export and supply‑chain efforts. The US said GE Vernova, Hitachi, Samsung C&T and SGE agreed an industry initiative to push BWRX‑300 SMR deployment in Europe. Vietnam, Singapore, the UK and the Czech

During the NATO summit the US, Japan and South Korea signed an MoU to create an export cooperation mechanism for small modular reactors (SMRs), targeting third‑country nuclear markets including the Indo‑Pacific. Governments cited sharply rising power demand from AI as a rationale for coordinated SMR export and supply‑chain efforts. The US said GE Vernova, Hitachi, Samsung C&T and SGE agreed an industry initiative to push BWRX‑300 SMR deployment in Europe. Vietnam, Singapore, the UK and the Czech Republic have signalled interest. Participants cited market forecasts of about $7.5bn in 2025, rising to roughly $300bn by 2040.