GE Vernova, Blue Energy announce 2.5 GW nuclear and natural gas collaboration

Blue Energy and GE Vernova (GEV) announced a strategically paired 2.5 GW nuclear and natural gas collaboration. Aimed at helping advance the world’s first gas-plus-nuclear power plant, it could deliver a new, near-term approach to help meet surging U.S. electricity demand driven by artificial intelligence and advanced manufacturing, according to the companies. The collaboration combines Blue Energy’s project financing and nuclear construction techniques with GE Vernova’s reactor technology and turbines. The companies plan to design and develop a nuclear power plant using GE Vernova Hitachi Nuclear Energy’s BWRX-300 small modular reactor at Blue Energy’s first planned site in Texas, subject to a final investment decision in 2027. To support project advancement, the companies signed a slot reservation agreement for site delivery in 2029 of two GE Vernova 7HA.02 gas turbines for early site energization.

Meet Samuel – Your Personal Investing Prophet