Nuclear and power see innovation and capacity-building

1. US
Palisades SMR Nuclear
Power Plant
US$2.6bn
Holtec International

Two SMR-300 units are planned to begin operations in mid-2030s. One is expected to produce around 300MW of electrical power or 1050MWt of thermal power. Work so far includes site preparation and geotechnical studies, with progress expected to accelerate following the restart of the Palisades Nuclear Power Plant.

2. Slovakia
Slovakia
SMR Project
US$1bn
Slovenské Elektrárne

Slovakia plans to build small modular reactors, supported by US-led coal-to-nuclear initiative Project Phoenix. Synthos Green Energy and Slovenské Elektrárne have signed a memorandum of understanding to deploy GE Vernova Hitachi’s BWRX-300, outlining cooperation across Central and Eastern Europe.

3. Kuwait
Al Khairan IWPP
Phase I
US$5.8bn
Kuwait Authority for Partnership Projects

The facility will generate 1,800MW of power and produce 125m imperial gallons (568,000m³) of desalinated water daily. Originally designed to use low-sulphur fuel oil with crude, gas oil and natural gas backups, the project will now operate primarily on natural gas.

4. US
ARC Fusion
Power Plant
US$1bn
Commonwealth Fusion Systems

A commercial ARC fusion power plant is planned at Dominion Energy Virginia’s James River Industrial Park in Chesterfield County, with a capacity of 400MWe. The preceding SPARC fusion demonstration project at Commonwealth Fusion Systems’ site in Massachusetts aims to achieve first plasma in 2026.

5. Malaysia
Kapar Gas Fired
Power Plant
US$2.1bn
TNB (Tenaga Nasional Berhad)

The project involves constructing a 2.1GW gas-fired power plant with combined cycle technology. In September 2025, the developer launched a tender process for site preparation works, marking an initial step toward advancing the large-scale power generation development.

6. Vietnam
Cong Thanh LNG -Fired Power Plant Phase 1
US$1.18bn
Cong Thanh Thermal Power Joint Stock Company

The project will use combined-cycle gas turbine technology and be developed in two phases, with Phase 1 providing 1.5GW of capacity. It will include liquefied natural gas storage, terminals, pipelines and cooling systems. Doosan Enerbility and Power Engineering Consulting JSC 2 will develop the project.

7. US
Texas NRG Energy Combined Cycle Power Plant
US$1.7bn
NRG Energy Inc

A 1.2GW gas-fired power plant is planned in the US, likely within the Electric Reliability Council of Texas region, featuring two GE Vernova 7HA gas turbines. Developed by NRG Energy, GE Vernova and Kiewit, it is the first of four combined-cycle plants totalling 5GW for AI-driven data centre demand.

8. UK
Sizewell C Nuclear
Power Plant
US$51.2bn
UK Government

A 3.2GW nuclear power plant with two 1.6GW reactors is planned next to Sizewell B in Suffolk. The plant will consist of two European pressurised reactors. Egis, Amentum, Setec Nucleaire and Tractebel extended their contract to provide detailed designs for 12 nuclear island buildings, covering reactors, fuel and safeguarding structures.

9. Poland
Lubiatowo-Kopalino Nuclear Power Plant (Poland NPP1)
US$37bn
Polskie Elektrownie Jadrowe (PEJ)

Construction of a nuclear power plant in Lubiatowo-Kopalino, Choczewo, Poland, with three AP1000 reactors, totalling 3.75GWe. A permit has been granted for preparatory works, including site surveying, terrain levelling, temporary technical facilities and installing a temporary fence to support initial construction.

10 US
GW Ranch Gas-Fired Power Plant Phase 1
US$1bn
Pacifico Energy

In August 2025, Pacifico Energy unveiled its GW Ranch Project, an off-grid power generation complex combining 5GW of natural gas turbines and battery storage to support Texas data centres. The Texas Commission on Environmental Quality has begun permitting, with the first 1GW phase expected online by 2028.

Are you ready to export? Email: jack.boggis@the-eic.com

Image credit | iStock