A new report has assessed the feasibility of deploying small modular nuclear reactors to meet increasing energy demands around the world. The findings don't look so good for this particular form of energy production.

[T]he report’s executive summary certainly gets to the heart of their findings.

“The rhetoric from small modular reactor (SMR) advocates is loud and persistent: This time will be different because the cost overruns and schedule delays that have plagued large reactor construction projects will not be repeated with the new designs,” says the report. “But the few SMRs that have been built (or have been started) paint a different picture – one that looks startlingly similar to the past. Significant construction delays are still the norm and costs have continued to climb.”

  • ESC@lemm.eeEnglish
    0·
    5 months ago

    Governments pulled their financial support because projected costs were exceeding what was contractually promised, mostly due to pandemic-related supply chain and inflation issues.

    The higher rate environment for the first time in many years couldn’t have helped much either. Debt is more expensive now, and the higher rates now will increase projected costs through the lifetime of the project.