Canary Media
Summary
The nuclear energy industry is seeing a resurgence in global interest as governments, utilities, and tech giants seek to meet soaring electricity demand with around-the-clock, carbon-free power.
That’s true for not only conventional nuclear power plants but also a suite of alternative technologies known as “small modular reactors,” or SMRs, which proponents say could deliver nuclear energy at far lower costs and on faster timescales.
There’s “a real momentum behind this class of technologies,” William D. Magwood IV, the director-general of NEA, told reporters last week ahead of the July 22 launch of the agency’s updated SMR-tracking report.
At least $15 billion in public and private financing is now flowing into the SMR space, by the agency’s count.
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