GE Hitachi Nuclear Energy

What GE Hitachi Nuclear Energy does

GE Vernova Hitachi Nuclear Energy (GVH) is a joint venture between GE Vernova (NYSE: GEV) and Hitachi, Ltd., headquartered in Wilmington, North Carolina, that designs, licenses, and supplies advanced boiling water reactor (BWR) technology, nuclear fuel, and lifecycle services to utilities, national governments, and industrial energy consumers globally. Its core product is the BWRX-300, a 300 MWe small modular reactor (SMR) using commercially available fuel in a simplified configuration that reduces concrete and steel requirements and targets 24-36 month construction timelines from first nuclear concrete pour to fuel load for nth-of-a-kind units; the BWRX-300 is currently the only commercial SMR under construction in the Western world at Ontario Power Generation's Darlington site. The portfolio also includes large-scale BWR configurations, the Natrium sodium-cooled fast reactor jointly developed with TerraPower, and the Global Nuclear Fuel (GNF) line of fuel assemblies (GNF2, GNF3, GNF4).

GVH generates revenue through three primary streams: one-time licensing and equipment sales for reactor technology (reactor pressure vessels, fuel assemblies, and safety systems supplied via OEMs such as BWXT and Velan); recurring nuclear fuel supply through the GNF joint venture to the installed BWR fleet and next-generation reactors; and recurring lifecycle services including outage services, non-destructive examinations, plant upgrades, BWRX-300 operations and maintenance, and parts refurbishments. The company pursues an enterprise field sales motion supplemented by channel partnerships with engineering firms (Samsung C&T, AFRY, AtkinsRéalis, Jacobs) and government funding channels (DOE grants, U.S.-Japan bilateral partnership). Major customers include OPG, TVA, Synthos Green Energy, Vattenfall, Elementl Power, SaskPower, Fermi Energia, and Fortum, with deployment projects across Canada, the United States, Poland, Sweden, the UK, Estonia, Finland, and Southeast Asia. The entity traces its technical lineage to GE's first involvement in nuclear physics in 1939 and the GE Atomic Division established in 1955, with the current JV structure formed after GE Vernova's April 2024 spin-off from General Electric.

Name

GE Hitachi Nuclear Energy

Legal name

GE Vernova Hitachi Nuclear Energy

Website

https://nuclear.gepower.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

GE Vernova Hitachi Nuclear Energy is a joint venture between GE Vernova and Hitachi that designs boiling water reactor technology, including the BWRX-300 small modular reactor, nuclear fuel assemblies, and lifecycle services for utilities, governments, and industrial energy consumers worldwide.

Ownership category

akta.pro rank

Product category

Nuclear Reactor Technology and Small Modular Reactor (SMR) Systems

NAICS

Nuclear Electric Power Generation (221113), Electric Power Generation (22111), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Gen III/III+ Reactor Systems & Components (EUAKADAB)

akta.pro secondary industries

Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC), Nuclear Power Plant Operations & Maintenance (O&M) (EUACADAO)

Keywords

• Small modular reactors
• Boiling water reactors
• Nuclear fuel assemblies
• Nuclear plant services
• Advanced reactor technology

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure

Revenue model

1. Reactor Technology Licensing and Equipment Sales: Revenue from licensing BWRX-300 SMR technology and supplying reactor equipment including reactor pressure vessels, fuel assemblies, and key safety systems to utility customers deploying nuclear plants.
2. Nuclear Fuel Supply: Revenue from supplying nuclear fuel assemblies (GNF4, GNF3, GNF2) to operating nuclear plants through Global Nuclear Fuel joint venture.
3. Nuclear Services and Lifecycle Solutions: Revenue from plant services including outage services, non-destructive examinations, power plant upgrades, parts and refurbishments, and BWRX-300 operations and maintenance services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

GE Vernova Hitachi Nuclear Energy designs, licenses, and supplies nuclear reactor technology—most notably the 300 MWe BWRX-300 small modular reactor and large boiling water reactors—together with advanced nuclear fuel assemblies (GNF2/GNF3/GNF4) and full lifecycle plant services (outage, operations and maintenance, non-destructive examination, upgrades, and parts refurbishments) for utilities, governments, and industrial energy consumers worldwide.

Product overview

GE Vernova Hitachi Nuclear Energy (GVH) offers a comprehensive portfolio of nuclear power solutions centered on the BWRX-300 small modular reactor (SMR), complemented by large boiling water reactors and sodium fast reactor technology (Natrium, jointly developed with TerraPower). The company's product architecture combines core reactor technology with advanced nuclear fuel products (GNF2, GNF3, and GNF4 fuel assemblies) and comprehensive lifecycle services including operations and maintenance, outage services, non-destructive examinations, plant upgrades, and parts refurbishments. GVH holds over 60 years of nuclear innovation experience and maintains the only SMR currently under construction in the Western world at Ontario Power Generation's Darlington site in Canada.

Differentiator

Problem solved

Functional benefit

Brands

• Global Nuclear Fuel (GNF): GE Vernova-led alliance with Hitachi, Ltd. providing advanced nuclear fuel products including GNF4, GNF3, and GNF2 fuel assemblies for boiling water reactors and next-generation reactors.

Products and services

• BWRX-300 Small Modular Reactor A 300 MWe boiling water small modular reactor featuring an innovative simplified configuration with less concrete and steel required for construction. Powered by commercially available fuel, it can be built in approximately 24–36 months from first nuclear concrete pour to ready for fuel load for nth-of-a-kind units and is deployable for electricity generation as well as industrial applications including hydrogen production, desalination, and district heating. Sold to electric utilities and governments; targeted at decarbonization of baseload power and grid reliability.
• Large Nuclear Boiling Water Reactor Large-scale boiling water reactor configurations serving as a cornerstone of modern nuclear power generation, offering efficient, reliable electricity backed by decades of operating experience across the global BWR fleet. Sold to electric utilities and state-owned generation companies seeking proven, large-scale nuclear capacity.
• Sodium Fast Reactor (Natrium) Advanced sodium-cooled fast reactor technology jointly developed with TerraPower, featuring integrated energy storage capabilities that store more energy than typical battery facilities for use when intermittent renewables are unavailable. Targeted at utilities and governments seeking advanced reactor technology with energy storage for high-renewables grids.
• GNF4 Fuel Assembly Next generation nuclear fuel assembly product supporting today's operating nuclear plants and next-generation reactors, improving performance, reliability, and economics for utility customers.
• GNF3 Fuel Assembly Advanced nuclear fuel assembly supporting operating boiling water reactor plants with improved performance, reliability, and economics. Sold to utility operators through the Global Nuclear Fuel joint venture.
• GNF2 Fuel Assembly Established nuclear fuel assembly product for boiling water reactors, part of the GNF fuel portfolio supplied to utility customers globally.
• BWRX-300 Operations and Maintenance Services Comprehensive operations and maintenance services specifically designed for BWRX-300 small modular reactor deployments, intended to enhance plant performance and extend operational life for utility operators of the new SMR fleet.
• Outage Services Specialized services supporting nuclear plant outages, designed to improve operations and reduce downtime for utility operators of boiling water reactor fleets.
• Non-Destructive Examinations Inspection and examination services for nuclear plant components that identify integrity issues without causing damage, supporting asset integrity and regulatory compliance for utility customers.
• Power Plant Upgrades Engineering and implementation services to upgrade nuclear power plants, enhancing performance and extending operational life of existing utility-scale nuclear facilities.
• Replacement Parts and Refurbishments Supply of replacement parts and refurbishment services for nuclear power plant components, supporting continued operation and reliability of operating BWR fleets for utility customers.

Quantifiable outcome

• First Western SMR under construction at Darlington site in Ontario, Canada
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered major, core and minor.

• AFRYmajorImplementation/ SI/ Consulting Partner · 7 April 2026Main Services Agreement with Swedish engineering firm to support BWRX-300 deployment across Europe. AFRY provides engineering and advisory services, enabling Swedish industries to participate in the growing European SMR market and positioning Sweden as a key hub in the SMR value chain.
• Samsung C&TcoreStrategic or Co-development Partner · 1 October 2025Strategic alliance to advance BWRX-300 deployment in strategic global markets outside North America. Partnership includes plans to pursue five reactors in Sweden and expansion across Central and Eastern Europe, leveraging Samsung C&T's construction and engineering capabilities.
• HitachicoreStrategic or Co-development Partner · 1 January 2017Hitachi is a joint venture partner in GE Vernova Hitachi Nuclear Energy, collaborating on BWRX-300 SMR technology development and global deployment. The partnership combines GE's nuclear technology expertise with Hitachi's manufacturing and regional capabilities, particularly in Japan and Asia-Pacific markets.
• Tennessee Valley Authority (TVA)coreStrategic or Co-development PartnerTVA is deploying the BWRX-300 at Clinch River site in Tennessee with $400M DOE grant support, targeting first commercial SMR in the U.S. by early 2030s. TVA led coalition of utility and industry partners in applying for DOE funding.
• Ontario Power Generation (OPG)coreStrategic or Co-development PartnerOPG is deploying the world's first Western SMR at Darlington site with four BWRX-300 units. C$20.9 billion total project backed by $2B federal and $1B provincial funding, targeting first unit operation by end of 2030.
• Synthos Green Energy (Poland)majorStrategic or Co-development PartnerPoland's Synthos Green Energy leads national SMR initiative planning up to 24 BWRX-300 units by early 2030s, with potential expansion to Czechia, Hungary, Lithuania, Bulgaria, and Romania.
• VattenfallmajorStrategic or Co-development PartnerVattenfall selected BWRX-300 as preferred reactor for new nuclear at Ringhals site on Värö Peninsula in Sweden, targeting operations by 2035 as part of Sweden's clean energy strategy.
• Elementl PowermajorStrategic or Co-development PartnerEarly Works Agreement for Southeast Ohio 1.5 GW nuclear project using multiple BWRX-300 reactors on nearly 700-acre site. Construction targeted 2030-2034 pending regulatory approvals.
• Fermi Energia (Estonia)minorStrategic or Co-development PartnerFermi Energia selected GE Hitachi's BWRX-300 to help meet Estonia's energy security and climate goals through potential SMR deployment.
• FortumminorStrategic or Co-development PartnerEarly works agreement to advance potential BWRX-300 deployment in Finland and Sweden, supporting Nordic nuclear new-build initiatives.
• BWXT (BWX Technologies)majorOEM/ Whitelabel/ Licensing PartnerBWXT awarded contract to manufacture reactor pressure vessels for OPG's first BWRX-300 at Darlington, supporting North America's first BWRX-300 SMR deployment.
• Velan Inc.minorOEM/ Whitelabel/ Licensing PartnerVelan selected to supply valves for Canada's first BWRX-300 SMR at Darlington. Plans to build new manufacturing facility in Durham Region to produce reactor integral isolation valves and containment isolation valves for SMRs.
• Worley ChemeticsminorOEM/ Whitelabel/ Licensing PartnerSelected to design key safety system component for North America's first BWRX-300 SMR deployment.
• AtkinsRéalis, Jacobs, Laing O'Rourke, AeconmajorImplementation/ SI/ Consulting PartnerSeries of MoUs signed to advance BWRX-300 technology in UK, supporting delivery of SMR technology with qualified UK suppliers and engineering expertise.
• Boccard, Cavendish NuclearminorImplementation/ SI/ Consulting PartnerMoUs with UK nuclear engineering firms to accelerate UK SMR deployment through engineering capabilities and supply chain support.
• Hitachi (Tokyo MoU)majorStrategic or Co-development PartnerMoU signed in Tokyo to deploy BWRX-300 SMRs across Southeast Asian markets through joint ventures GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy, incorporating qualified Japanese suppliers.
• Global Nuclear Fuel (GNF)coreStrategic or Co-development PartnerGE Vernova-led joint venture with Hitachi for nuclear fuel products including GNF4, GNF3, and GNF2 fuel assemblies. Supplies fuel to operating nuclear plants globally.
• TerraPowermajorStrategic or Co-development PartnerJoint development of Natrium reactor technology - a sodium-cooled fast reactor with energy storage. GE Hitachi provides technology expertise for this advanced reactor co-developed with Bill Gates' startup.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• X-energy: Developer of the Xe-100 high-temperature gas-cooled SMR, with a Dow Chemical deployment agreement and DOE Advanced Reactor Demonstration Program funding. Competes with the BWRX-300 for hyperscaler, industrial, and DOE-backed deployments in the U.S. and internationally.
• Westinghouse Electric Company: Direct SMR competitor and major nuclear steam supply system provider. Westinghouse offers the AP1000 Gen III+ reactor, is developing the eVinci microreactor, and was acquired by Brookfield/Cameco for ~$7.9B in 2023 — competing head-to-head with GE Vernova Hitachi Nuclear Energy in the same Western utility and SMR markets.
• BWX Technologies (BWXT): Nuclear components manufacturer and contracted supplier of the BWRX-300 reactor pressure vessel for OPG Darlington. BWXT is also a developer of its own advanced reactors (BANR, microreactors) and a major DOE microreactor contractor, making it both a partner and a competing nuclear technology vendor.
• Holtec International: Developer of the SMR-160 light-water SMR, also a recipient of DOE early-deployment funding. Competes with the BWRX-300 in the U.S. utility and industrial SMR market, with a particular focus on paired industrial heat and power applications.
• Rolls-Royce SMR: UK-headquartered SMR developer with strong domestic supply-chain backing and GDA progress. Directly competes with the BWRX-300 in the UK and other European markets, leveraging Rolls-Royce's UK engineering brand to challenge GVH's UK GDA head start.
• NuScale Power: Pure-play SMR developer whose VOYGR light-water SMR is a direct competitor to the BWRX-300. NuScale's NRC-certified design, Carbon Free Power Project, and international engagement (especially in CEE) put it in the same competitive set as GVH's BWRX-300 in utility RFPs and DOE-funded deployments.
• TerraPower: Co-developer of the Natrium sodium fast reactor with GVH and a direct competitor in the advanced reactor space. While the two share Natrium IP, TerraPower's independent Kemmerer Wyoming Natrium project and broader Bill Gates-backed strategy make it both a partner and a competitor for advanced reactor and SMR market share.

Broad incumbents

• Framatome: Major Western nuclear steam supply system provider and fuel manufacturer (Areva heritage). While not an SMR pure-play, Framatome competes with GVH in large reactor services, fuel supply, and reactor component manufacturing across the same utility customer base.

Emerging players

• Kairos Power: Emerging fluoride-salt-cooled high-temperature reactor developer with Google PPA and DOE funding. Although its FHR design targets a different niche than the BWRX-300, Kairos is competing for the same hyperscaler-driven advanced reactor deployment dollars and federal support.

Others

• AtkinsRéalis: Canadian-headquartered engineering services firm with deep CANDU reactor nuclear services capabilities and a UK MoU partner for BWRX-300 deployment. Adjacent peer — competes in nuclear services and new-build program management while also supporting GVH's UK supply-chain strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/gehnuclear
• LinkedInlinkedin.com/company/ge-hitachi-nuclear-energy

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GE Hitachi Nuclear Energy