Holtec International has formalized a strategic collaboration with Hungary aimed at accelerating the deployment of Small Modular Reactors (SMRs) across the country. The Memorandum of Understanding (MoU) establishes a framework for cooperation in the development, licensing, and construction of Holtec’s advanced SMR technology, tailored to support Hungary’s growing energy needs while emphasizing safety and sustainability. This partnership underlines Hungary’s ambition to diversify its energy portfolio and reduce carbon emissions through innovative nuclear solutions.

Key aspects of the cooperation include:

  • Technology Transfer: Localization of SMR manufacturing and operation expertise within Hungary.
  • Regulatory Support: Joint efforts to streamline the licensing processes with local authorities.
  • Economic Impact: Creation of new high-tech jobs and stimulation of Hungary’s nuclear supply chain.
SMR…