GE Vernova (GEV) Secures NRC Permit For New Reactor Design

The Tennessee Valley Authority (TVA) received the first U.S. permit to build a 300-MW GE Vernova Hitachi BWRX-300 small modular reactor in Tennessee. The Nuclear Regulatory Commission approved the permit in 14 months, allowing TVA to start construction. The reactor uses advanced boiling-water technology and passive safety systems. TVA is negotiating cost-sharing agreements with commercial partners. GE Vernova shares rose 1% following the announcement.

GE Vernova (GEV) shares fell 1% to $953 as data centers opt for faster, smaller turbines. The company reported $5B in data-center orders for H1, exceeding 2025 targets. However, smaller turbines may have 50% higher capital costs per unit of electricity, raising questions about long-term demand.

GE Vernova's BWRX-300 reactor design is approved for construction by the NRC for TVA's 300-megawatt Clinch River unit. The permit sets a completion window between 2031 and 2032, but an operating license is required for fuel loading and power generation. GE Vernova did not disclose equipment pricing or delivery schedule. TVA shares construction start date and cost-sharing details are still under negotiation.

GE Vernova Hitachi Nuclear Energy (GVH) announced the U.S. Nuclear Regulatory Commission issued a construction permit to Tennessee Valley Authority (TVA) for a BWRX-300 small modular reactor at its Clinch River site. This is the first such permit in the U.S. for this reactor type, marking a significant milestone for TVA, GVH, and the U.S. nuclear industry. The BWRX-300 is a 300-MW reactor designed to simplify construction and leverage existing boiling water reactor experience.

B.Grimm Power (SET: BGRIM) and GE Vernova (NYSE: GEV) expanded their partnership with two agreements. GE Vernova will supply a gas turbine for a 750MW project in Malaysia, owned by BGRIM. Additionally, a 14-year service contract was signed for gas turbines at BGRIM's Thai plants. The deals aim to enhance energy infrastructure in Southeast Asia.

Poland's SGE, a developer of small modular reactors (SMRs), signed a memorandum with GE Vernova, Hitachi, and Samsung C&T to accelerate BWRX-300 SMR deployment in Europe. SGE plans to build 26 units in Poland and 14 in the UK, aiming to combine American technology, Japanese and Korean industrial strength, and European capabilities. SMRs offer scalable, low-carbon power solutions, gaining traction amid Europe's energy security concerns.