Hitachi’s nuclear revenue rises as SMR delivery date approaches — SkimNews
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- Hitachi reported Energy segment revenue up 28% year over year and orders up nearly 50%, driven by large-scale power infrastructure and data-center demand, with “notable strength” in North America.
- Power Grids produced ¥893.7 billion (about $5.7 billion) in quarterly revenue, up 27% year over year, while Nuclear Energy brought in ¥65.3 billion (about $415 million); nuclear revenue nevertheless rose 48%.
- BWRX-300 is a 300-MW small modular reactor developed with GE Vernova; Hitachi is preparing a 2030 delivery of the first of four units to Ontario Power Generation.
- Tennessee Valley Authority tapped the joint venture to build at least one BWRX-300 in its territory, with delivery set for 2032.
- Tomomi Kato said the Energy segment booked ¥1,566.2 billion (nearly $10 billion) in quarterly orders, with data-center-driven growth reflected in revenue beginning next year; he saw no signs of an AI-related pullback, delays or payment issues.
- Hitachi uses contract “indexing” to pass cost increases through long-lead contracts amid inflationary pressure; its 2025 annual report separately warned that assumptions for high-risk, long-term or new-technology contracts may change significantly, or the contracts may be terminated, without specifically naming nuclear.
- NVIDIA and its customers expect an 800-volt data-center architecture to become the industry standard, and Hitachi said last October it would provide the corresponding “grid-to-rack architecture.”
Why it matters: Hitachi’s near-term gain is already measurable: quarterly grid revenue reached ¥893.7 billion, while Energy orders rose nearly 50% on large infrastructure and data-center demand. Nuclear remains much smaller at ¥65.3 billion, but the 2030 Ontario Power Generation and 2032 Tennessee Valley Authority deliveries turn SMR expansion into concrete deadlines.
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