EU Allocates €200M for Small Modular Nuclear Reactors

The European Union has pledged up to €200 million to support small modular nuclear reactors (SMRs) as part of a strategic initiative to enhance energy independence. This funding comes in the wake of the US government's easing of regulations and subsidies for the development of similar technologies. The focus is on modular reactors like the Linglong One, which China plans to operationalize by 2026, prompting Europe to evaluate its own energy needs through advanced nuclear technology.