The United States, Japan, and South Korea signed a memorandum at the NATO summit to accelerate small modular reactor (SMR) deployment. This trilateral framework initially targets the Indo-Pacific region to bolster energy security for partner nations.
The agreement aims to reduce project risks and improve economies of scale. It utilizes fleet deployment models to attract private investment into the nuclear energy sector.
This government backing provides a catalyst for NuScale Power, the only firm with a U.S. regulator-approved SMR design. The news follows NuScale’s stock hitting a 52-week low due to concerns over deployment timelines.