Scott Strazik, the GE Vernova CEO, said President Donald Trump’s executive orders on nuclear power could lead to small modular reactors in the U.S. as early as 2030, CNBC reported.

Trump ordered the nation’s independent nuclear regulatory commission to cut down on regulations and fast-track new licenses for reactors and power plants last week, seeking to shrink a multiyear process down to 18 months.

Strazik said the order could result in approvals to start building small modular reactors in the U.S. by 2027, CNBC reported, with the reactors being completed by late 2030 or 2031.

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