GE Vernova Hitachi Plans $70M SMR Service Center Ontario

GE Vernova Hitachi Nuclear Energy is investing approximately $50-$70 million to establish the world's first engineering and service center dedicated to the BWRX-300 small modular reactor (SMR) technology near Ontario Power Generation’s Darlington nuclear site in Ontario, Canada. This center, expected to open by late 2027, will provide engineering, maintenance, training, and innovation support for up to four planned SMRs at Darlington, which are slated to begin operation by 2029-2030. The facility will include advanced training tools such as a virtual reality simulator and aims to cultivate a skilled nuclear workforce by training more than 2,000 professionals annually. Ontario officials highlight this initiative as a critical step toward making the province a leader in clean energy, addressing rising electricity demand, and supporting a $20.9 billion reactor project aligned with sustainable, carbon-free energy goals. The development also complements global efforts to deploy modular nuclear reactors as a next-generation clean energy solution. Market analysts maintain a positive outlook on GE Vernova's growth prospects, reflecting strong confidence in the company’s strategic focus on SMR technology.