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Bookmark or Share- The Small Modular Reactor Revolution Is Arriving SoonIt’s been a big year for nuclear energy in the U.S. The Department of Energy has allocated a large amount of capital to nuclear energy research and has committed $900 million to advance Gen III+
- Small modular reactor - WikipediaAs of 2024, only China and Russia have successfully built operational SMRs. [7] There are more than 80 modular reactor designs under development in 19 countries. [8] Russia has been operating a floating nuclear power plant Akademik Lomonosov, in Russia's Far East commercially, since 2020. [9]
- Benefits of Small Modular Reactors (SMRs) - Department of EnergySMRs can provide power for applications where large plants are not needed or sites lack the infrastructure to support a large unit. This would include smaller electrical markets, isolated areas, smaller grids, sites with limited water and acreage, or unique industrial applications.
- Five of the World’s Leading Small Modular Reactor CompaniesAccording to Polaris Market Research, the global market for SMRs was valued at approximately $9.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.6% until 2032, up from just $3.5 billion in 2020.
- Small Modular Reactors explained - European Commission - EnergySMRs are defined as small nuclear reactors with a maximum output of 300 Megawatt electric (MWe) and can produce 7.2 million kWh per day. By comparison, large-size nuclear power plants have an output of over 1,000 MWe and can produce 24 million kWh per day.
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