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Turkey Signs $2M US Grant for Small Modular Reactor Framework

By Stocks Desk · · 1 min read
A flat-vector illustration of a small modular nuclear reactor unit with cooling pipes.

Ankara signed a $2 million USTDA grant to build the regulatory framework for SMRs, diversifying nuclear sources beyond Russia.

Key points

  • USTDA and TUNAS signed a grant for a $2 million technical study on SMR regulations.
  • Turkey plans to add 5,000 MW of small modular reactor capacity by 2050.
  • The deal helps Ankara diversify nuclear partners beyond the Russian-built Akkuyu plant.

Turkey and the United States signed a grant agreement on Tuesday to fund technical assistance for small modular reactor deployment. The deal, signed in New York by Turkey’s TUNAS and the US Trade and Development Agency, aims to create the regulatory and financial structures required for private sector participation in the Turkish nuclear market.

The funding covers a study estimated at $2 million, which will assess how American reactor designs align with Ankara’s energy needs. This initiative provides US nuclear firms with an early entry point into the region while Turkey seeks to expand its nuclear capacity and reduce its reliance on Russian partners.

Funding targets regulatory framework development

According to reports from al-monitor.com, the grant specifically finances the creation of a legal and institutional environment for private companies. The technical study, expected to last at least a year, will define the standards necessary for commercial SMR operations. This step is critical for moving beyond state-led projects and attracting international private investment.

Ankara targets 5,000 MW of SMR capacity

Turkish Energy Minister Alparslan Bayraktar stated that the country aims to add 5,000 megawatts of small reactor capacity by 2050. This target complements plans for twelve large conventional reactors, ensuring nuclear power contributes 10% to 15% of total electricity generation. The strategy reflects a broader commitment to diversifying the national energy mix.

Diversification reduces dependence on Rosatom

The move follows the construction of the $20 billion Akkuyu plant by Russia’s Rosatom, which is expected to generate 4,800 megawatts. With Akkuyu facing delays, Ankara is actively courting South Korea, Canada, and China for eight additional conventional reactors. Securing US support for SMRs offers a new strategic option to balance energy security with geopolitical stability.

Based on reporting by al-monitor.com, compiled by the Tradingbird desk.

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