Global Push for Nuclear Power: New Plants and Investments Signal a Clean Energy Future

January 27, 2026

Governments and energy companies worldwide are making significant investments in nuclear power, signaling a renewed commitment to clean, reliable energy. From advanced nuclear plants in New York to small modular reactors in the UK and Ontario, these projects aim to bolster energy security, create jobs, and meet ambitious climate goals.

Key Takeaways

New York State is directing its Power Authority to develop a zero-emission advanced nuclear power plant.
Ontario is leading the G7 by constructing its first small modular reactor (SMR).
The UK is seeing major investment in the Sizewell C nuclear project, with EDF confirming a significant stake.
Plans are advancing for SMRs at the Wylfa site in North Wales and the former coal-fired Cottam Power Station in Nottinghamshire.

New York’s Advanced Nuclear Initiative

Governor Kathy Hochul has directed the New York Power Authority (NYPA) to develop and construct a new zero-emission advanced nuclear power plant in Upstate New York. This initiative aims to support a reliable and affordable electric grid, crucial for the state’s clean energy economy. The project will involve developing at least one new nuclear facility with a combined capacity of no less than one gigawatt, complementing existing renewable energy sources by providing essential baseload power. NYPA will evaluate technologies, business models, and potential locations, seeking partnerships to ensure the safe and rapid deployment of this clean energy solution.

Ontario Leads with Small Modular Reactors

Ontario is making strides in nuclear energy by building its first small modular reactor (SMR), positioning itself as a leader within the G7. This development is part of a broader strategy to enhance clean energy production and meet future energy demands. SMRs offer a more flexible and potentially faster deployment option compared to traditional large-scale nuclear plants.

Sizewell C Receives Major Investment Boost

The Sizewell C nuclear power plant project in the UK has received a significant boost with French energy giant EDF confirming its investment of a 12.5% stake. This follows the UK government’s commitment of £14.2 billion in funding. The project is expected to create thousands of jobs during construction and operation, contributing to the UK’s energy security and its goal of a "golden age" of nuclear power. Further investment details are anticipated at the Final Investment Decision, targeted for this summer.

Small Modular Reactors Gain Momentum in the UK

Beyond Sizewell C, the UK is actively pursuing SMR technology. Plans are moving forward for the Wylfa site in North Wales to host the UK’s first three SMRs, with work set to begin soon and power generation aimed for the mid-2030s. This project, backed by a £2.5 billion government investment, is expected to create up to 3,000 jobs. Additionally, a collaboration between Holtec International, EDF UK, and Tritax aims to establish an SMR at the decommissioned Cottam Power Station in Nottinghamshire to power advanced data centers, further demonstrating the transition to clean energy and creating high-skilled jobs.