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GE Vernova Hitachi’s small modular reactor project in Ontario is facing delays and cost overruns, according to Barron’s. The setback affects one of the leading Western efforts to commercialize small nuclear reactors, a technology central to decarbonization and data-center power plans. No specific figures for the schedule slip or budget increase were disclosed in the initial report. The news matters because SMRs are being counted on to supply firm, low-carbon electricity and to support a domestic nuclear supply chain. Next, watch for updated timelines and cost estimates from the project partners and Ontario authorities.

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GE Vernova (GEV), Hitachi, Ontario, Barron's

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