Small modular reactors could become a meaningful part of GE Vernova's business in the 2030s, CEO Scott Strazik said.

On Friday, the Trump administration issued a series of executive orders intended to revive the US nuclear industry. These include plans to streamline the reactor approval process and boost the construction of experimental reactors by the Department of Energy.

Trump’s nuclear orders, while having the aim of increasing America’s nuclear power, require congressional backing and sustained diplomatic engagement to compete with China and Russia.