GE Vernova CEO on nuclear future

Small Modular Reactor (SMR) Market & Economics - Small modular nuclear reactors (SMR) have captured market interest, but are considered expensive power [1] - Hyperscalers are interested in SMRs due to zero-carbon goals, not necessarily economic viability [1] - SMRs are expected to be more expensive than unabated gas [2] - The US administration is focused on building a nuclear industry [2] Nuclear Project Advancement - TVA received a $400 million grant to advance their Clinch River project [3] - Expects approval for commissioning of its first US project next year [3] Gas vs Nuclear - Gas will constitute the majority of incremental capacity due to its operating parameters [3] - The US has very inexpensive gas resources [4] - Technology should be applied where resources are most economically competitive [4]