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.
Small modular nuclear reactors (SMR) are generally defined as nuclear plants that have capacity that tops out at about 300 megawatts, enough to run about 30,000 US homes. According to the Institute for Energy Economics and Financial Analysis (IEEFA), which prepared the report, there are about 80 SMR concepts currently in various stages of development around the world.
While such reactors were once thought to be a solution to the complexity, security risks, and costs of large-scale reactors, the report asks if continuing to pursue these smaller nuclear power plants is a worthwhile endeavor in terms of meeting the demand for more and more energy around the globe.
The answer to this question is pretty much found in the report's title: "Small Modular Reactors: Still Too Expensive, Too Slow, and Too Risky." READ MORE...
