Hitachi’s nuclear revenue rises as SMR delivery date approaches

Utility Dive · Brian Martucci · 2026-10-30 11:39 UTC

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.

In the United States, the Tennessee Valley Authority has tapped the joint venture to build at least one BWRX-300 in its territory, with delivery set for 2032.

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