Argentina unveils first private nuclear reactor in $1.2 billion Meitner Energy project
Argentina's government says US-based Meitner Energy plans to invest $1.2 billion to build a private nuclear reactor in the country. The Argentine-designed ACR-300 small modular reactor would be the first of its kind there. The project aims to expand the country's power-generation capacity.
Argentina's government has announced that US-based Meitner Energy plans to invest $1.2 billion to build a private nuclear reactor in the country. According to the Buenos Aires Herald, the project is based on the Argentine-designed ACR-300 small modular reactor.
Small modular reactors promise lower upfront costs and shorter build times than conventional plants. Having such a facility financed by the private sector would be a first for the country.
The government says the project would help diversify energy supply and lift electricity-generation capacity. Regulatory approvals and technical assessments are expected to be completed before the investment moves ahead.
Read next
Oil could fall to $60 by year-end as Hormuz shock fades, Citi analysts say
Oil prices could fall to $60 a barrel by year-end as the risk premium tied to the Strait of Hormuz fades, according to Citi analysts. Brent crude sank 30% in the second quarter of 2026, unwinding all the gains seen during the Iran war. Easing supply fears are reshaping the market outlook.
New Zealand's Building Amendment Bill passes first reading as Greens oppose
Nigerian lawmakers seek special court and tougher penalties to curb crude oil theft
African Union calls emergency meeting as US ends funding for Somali army
