Hungary, UK Sign Agreement to Develop Small Modular Reactors

Hungary has established a strategic partnership with the United Kingdom to advance the development of small modular reactors (SMRs), as announced by Hungarian Foreign Minister Peter Szijjarto during talks with British Foreign Secretary David Lammy. This collaboration aims to enhance Hungary's energy capabilities, with Szijjarto noting the potential to construct small nuclear power plants within a compact footprint, providing efficient energy solutions for urban areas and industries. The agreement highlights Hungary's reliance on nuclear power, particularly from the Paks Nuclear Power Plant, which supplies about half of the nation's electricity, and complements ongoing efforts with the Paks II project. Both countries view SMRs as a transformative technology that promises quicker construction and a reduced environmental impact. This initiative is also aligned with Hungary's National Energy and Climate Plan, emphasizing the importance of diversifying energy sources for enhanced security. The partnership is seen as a response to the geopolitical shifts following Brexit, aiming to foster closer ties between Hungary and the UK.