Hitachi’s nuclear revenue rises as SMR delivery date approaches

[Marlin]

Hitachi's nuclear revenue rises as SMR delivery date approaches

https://www.utilitydive.com/news/hitachi-sees-rise-in-nuclear-revenue-as-smr-delivery-date-approaches/873327/

[Core Content]

Hitachi reported a forty-eight percent year-over-year increase in its nuclear division revenue during the latest quarter. The growth aligns with preparations to deliver the first of four BWRX-300 small modular reactors to Ontario Power Generation by 2030. Additional deployments are scheduled for the Tennessee Valley Authority by 2032.

The joint venture with GE Vernova aims to expand commercial SMR construction across North America and Europe. Company executives noted that managing long-term contracts amid inflationary pressures remains a core focus. The broader energy segment also benefited from heavy infrastructure demand driven by data centers.

The bulk of the Japanese conglomerate's Energy segment business is in electrical grid equipment. Sales are strong, but inflation and long delivery timelines bear watching, company executives said.

Power grid equipment continued to make up the vast majority of Hitachi, Ltd.'s Energy segment revenues in the most recent quarter, but its nuclear division saw a 48% year-over-year increase as the company prepares to deliver the first of four small modular reactors to Ontario Power Generation in 2030.

The 300-MW BWRX-300 small modular reactors are being developed in partnership with GE Vernova.

Read the full article at Utility Dive:
https://www.utilitydive.com/news/hitachi-sees-rise-in-nuclear-revenue-as-smr-delivery-date-approaches/873327/