NuScale and Nuclearelectrica collaborate on SMR project in Romania

By Global Infrastructure Sherpa · Feb 20, 2026

Development Nuclear announced Romania Feb 20, 2026

924 MW

Capacity

development

Stage

Romanian nuclear operator Nuclearelectrica approved the FID for its small modular reactor project in collaboration with NuScale Power Corporation. The project isn’t expected to begin commercial operations until July 2033, followed by plant completion in December 2034.

Deal Analysis

Nuclearelectrica's final investment decision (FID) for its small modular reactor (SMR) project in Romania, in collaboration with NuScale Power Corporation, marks a significant step towards diversifying Romania's energy mix and enhancing its energy security. The project, with an anticipated commercial operation date in July 2033 and full plant completion by December 2034, aims to deploy NuScale's SMR technology to generate 924 MW of nuclear power. This collaboration underscores a growing interest in SMRs as a viable alternative to traditional large-scale nuclear power plants, offering scalability and potentially lower upfront capital costs. While the financial details of the deal remain undisclosed, the project's long-term horizon and the involvement of a specialized SMR technology provider like NuScale highlight the strategic importance of this investment. The successful deployment of this project could position Romania as a regional leader in SMR technology and potentially pave the way for further SMR deployments in Europe. The project's success hinges on regulatory approvals, technological advancements, and effective project management over the next decade.

Collaboration between Romanian nuclear operator Nuclearelectrica and SMR technology provider NuScale Power.
Project aims to deploy 924 MW of nuclear power using SMR technology.
Commercial operations are projected to begin in July 2033, with full plant completion by December 2034.
The deal highlights the growing interest in SMRs as a scalable and potentially cost-effective alternative to traditional nuclear power.

Market Context: The nuclear energy sector is undergoing a period of innovation, with SMRs emerging as a promising technology for providing baseload power with enhanced safety features and scalability. Romania is actively seeking to diversify its energy sources and reduce its reliance on fossil fuels, making this SMR project a strategically important initiative.

Source Intelligence

KEY DETAILS

The project has been under planning since 2021 and was once targeted for a 2030 start. TD Cowen expressed concerns regarding the long timelines and noted that the new conditions in the agreement have transferred some project risk to NuScale.

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Capacity

The company’s groundbreaking NuScale Power Module is a 12-module plant that can produce up to 924 MWe of carbon-free energy.

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Location

the company’s first small modular reactor nuclear plant project in Romania

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Signing

On February 13, Romanian nuclear operator Nuclearelectrica approved the FID for its small modular reactor project in collaboration with NuScale Power Corporation (NYSE:SMR).

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COD

While it is a positive step forward, the project isn’t expected to begin commercial operations until July 2033, followed by plant completion in December 2034.

PARTIES MENTIONED IN SOURCE

NuScale Power Corporation developer

"On February 13, Romanian nuclear operator Nuclearelectrica approved the FID for its small modular reactor project in collaboration with NuScale Power Corporation (NYSE:SMR)."

Nuclearelectrica developer

"On February 13, Romanian nuclear operator Nuclearelectrica approved the FID for its small modular reactor project in collaboration with NuScale Power Corporation (NYSE:SMR)."

medium quality Enriched Feb 24, 2026