Westinghouse Electric Company

Rule Changes

Primary American partner for fuel supply and potential SMR deployment

For decades, Hungary has relied almost entirely on Russia for nuclear fuel, natural gas, and oil—a dependency that persisted even as the rest of Europe scrambled to cut ties after Russia's 2022 invasion of Ukraine. On February 16, 2026, Secretary of State Marco Rubio and Hungarian Foreign Minister Péter Szijjártó signed an agreement. Hungary can now purchase up to 10 American-built small modular reactors worth as much as $20 billion and will start receiving Westinghouse fuel for its Paks I plant by 2028.

Updated May 29

Built World

Emerged from bankruptcy, acquired by Brookfield

The United States had not completed a new nuclear reactor from scratch since the 1970s. On April 29, 2024, Vogtle Unit 4 entered commercial operation in Georgia, joining its sister Unit 3 which came online in July 2023.

Updated May 27