New Small Modular Reactor (SMR) plants can provide carbon-free power of up to 300 MW per unit, around one-third the size of a traditional nuclear power plant. They can be scaled to smaller sizes to fit various needs, or linked together to meet larger demands.
SMRs are superior to traditional nuclear technologies in that they have passive safety features to prevent the accidents of the past, they require a much smaller footprint, are significantly cheaper and faster to build, and can be deployed to remote locations.
The Intergovernmental Panel on Climate Change (IPCC) projects that an additional terawatt of nuclear power generation (about triple the current worldwide production) will be needed to achieve 2050 climate goals.
Source: OECD / NEA Report “Climate Change Targets: The Role of Nuclear Energy” 2021
The IPCC also projects that about a third of this additional nuclear energy supply could come from SMRs.
SMRs can replace dedicated industrial fossil fuel plants which are being decommissioned.
They can also be used to power large scale carbon capture usage and storage (CCUS), desalination, and hydrogen production facilities.
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