EU chief von Der Leyen says it will propose new European strategy for small modular nuclear reactors, which EU wants to be operational in early 2030s

• Will offer EUUR 200mln guarantee to support private investment in innovative nuclear technologies

Ursula von der Leyen's announcement about a new European strategy for small modular nuclear reactors signals a proactive approach towards energy independence and sustainability in the EU. The proposed financial guarantee for private investment highlights the bloc's commitment to fostering innovative technologies, which could have significant implications for energy markets and the broader geopolitical landscape as Europe seeks to reduce reliance on traditional energy sources.