While all these markets demonstrate potential as sector leaders for the technology's development, we highlight that the US is likely to see the first emergence of an export market. Over November 2021, both Romania and Bulgaria signed agreements with US firms to supply SMR technology. Romania's agreement is with Nuclearelectrica to construct a 462MW system comprised of six 77MW NuScale Power reactors by 2027. This comes on top of the announcements in Q121 that NuScale would begin a feasibility study to develop a plant at the Kozloduy Nuclear Power Plant in Bulgaira. The project could scale from a single 77MW system to a 12-module 924MW system. A memorandum of understanding was announced between NuScale the Bulgarian government. France, A Nuclear Technology Laggard Set For Change France has the highest share of nuclear power generation in its power mix; however, much of the French nuclear fleet is ageing and faces significant costs to ensure its continued operation.