Marsh.com
Summary
As nuclear power undergoes a revival, small modular reactors (SMRs) are generating a lot of interest among governments keen to economize and expedite nuclear deployment and quickly meet clean and secure energy goals. The OECD Nuclear Energy Agency estimates that the global SMR market could see a rapid rate of construction, reaching 21 gigawatts by 2035 and between 50 and 150 gigawatts per year after that.
While the pace of deployment is still subject to some regulatory uncertainties (for instance, pilot project successes and approved safety rules), SMR megawatt-sized technologies are increasingly seen as a way to mitigate the high costs of construction and long timelines associated with traditional, gigawatt-scale nuclear reactors. SMRs are also seen as an attractive option due to their smaller size, scalability, and ability to be deployed in various settings.
Many regions are considering SMRs not only for energy production, but also for district heating, desalination, hydrogen production, and industrial applications. Countries including the United States, Canada, China, Russia, and several European nations are actively pursuing the development and deployment of SMR technology for these and other reasons.
Continue Reading
#News#DistrictHeating