Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI)

A Small Modular Reactor (SMR) is a type of nuclear reactor, intended for electric power generation, that is much smaller, less complex and much less expensive to construct than traditional nuclear power plants (which can cost tens of billions of dollars). Some developers intend for the components to be constructed in pieces in factories and then assembled on-site. Thus, the same design could be used repeatedly, which is a key to successful economics for this strategy. Extremely high safety standards for the reactors are stressed. SMRs could be located reasonably close to the industrial areas or communities that need electric power and could be assembled and put into operation relatively quickly. Several firms are pursuing these mini-reactor designs, including NuScale Power. It has been in discussion with several potential customers and received approval from the U.S. Nuclear Regulatory Commission in 2023 of the design of its 50-megawatt reactor. The first plant to use this reactor is not expected until the early 2030s. Engineering giant Fluor Corporation is the major shareholder of Nuscale. Another SMR startup is Last Energy (www.lastenergy.com). It was planning a $391 million micro nuclear project in Wales as of late 2024.

Elsewhere, the GE Hitachi Nuclear Energy company (www.gevernova.com/nuclear) is an SMR contender. It may construct units in Poland. China has two SMR units in operation at one of its nuclear energy sites. Many observers in the U.S. feel that America has the technology and engineering lead in the SMR field and see this sector as a way for America to greatly boost exports of advanced nuclear systems and related services.

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