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US, Japan, South Korea Seal $10 M SMR Pact; UK Eyes 4.2 GW

7/10/2026

Summary

US-Japan-Korea SMR

USA, Japan and South Korea signed an SMR memorandum in Ankara with Marco Rubio, Motegi Toshimitsu and Cho Hyun.
The pact targets Indo-Pacific nations and allocates $10 million to the State Department’s FIRST programme for SMR training.
GE Vernova, Hitachi, Samsung C&T and Poland’s SGE will advance the 300 MWe BWRX-300 SMR design in Europe.
SGE plans to install 14 BWRX-300 units in the UK, delivering 4.2 GW—about 11 % of the country’s power demand.

Summary

Tri-Nations Energy Pact

The three nations signed a pact that shifts trilateral focus from security coordination to joint commercial SMR projects in the Indo-Pacific.
Officials said rising tensions in the Strait of Hormuz heightened the need for regional energy-security solutions.
Seoul’s ministry cited “denuclearisation of the Korean Peninsula.”
Tokyo called for “complete denuclearisation of North Korea,” linking the pact to South Korea’s push for nuclear-powered submarines.

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US-Japan-Korea SMR

USA, Japan and South Korea signed an SMR memorandum in Ankara with Marco Rubio, Motegi Toshimitsu and Cho Hyun.
The pact targets Indo-Pacific nations and allocates $10 million to the State Department’s FIRST programme for SMR training.
GE Vernova, Hitachi, Samsung C&T and Poland’s SGE will advance the 300 MWe BWRX-300 SMR design in Europe.
SGE plans to install 14 BWRX-300 units in the UK, delivering 4.2 GW—about 11 % of the country’s power demand.

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