Small Modular Reactors SMRs offer a promising solution for clean energy, but their deployment faces challenges including high costs, fuel availability, and regulatory hurdles.
As we go into a new nuclear power era, with public support stronger than it has been in decades, energy companies and startups worldwide are looking for innovative ways to deploy nuclear power faster. While conventional reactors are prohibitively expensive for most companies to build, as well as take decades to develop, there has been great optimism around the use of small modular reactors SMRs.
The founders of Terrapower decided the private sector needed to take action in developing advanced nuclear energy to meet growing electricity needs, mitigate climate change and lift billions out of poverty. Several SMR projects are also being backed by government financing. For example, in the U.S., the Department of Energy announced $900 million in funding to accelerate the deployment of Next-Generation Light-Water SMRs.
Small Modular Reactors Nuclear Energy Clean Energy Energy Industry Nuclear Power Low-Carbon Energy Terrapower Nuscale Uranium
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