Small Modular Reactors will unlock data centers and other projects that are currently not feasible

Like Nuclear-Powered Submarines - Small Modular Reactors (SMRs) are not new – we have had small nuclear power generators for decades — most famously in nuclear-powered submarines and icebreakers.

Global Race - Companies and governments around the world are now moving to use SMRs for commercial electricity generation.

Mass Produced in Factories - SMRs are intended to be produced on factory production lines (like cars). This should make them far cheaper and faster to get running than traditional, on-site-built nuclear power plants.

Smaller - SMRs are smaller – an SMR might provide between 5 and 500 MW of electricity, while a traditional nuclear power plant might provide between 1 and 8 GW of electricity.

Leading Countries – Only China and Russia currently have operational SMRs. Other leaders in developing SMRs include the US, the UK and Germany.

Regulation as the Key Barrier – Licensing and permissions are likely to be a key barrier to rolling out SMRs. Regulation is important for safety – as any accident could turn public perception strongly against SMRs and stop their roll out (like the Three Mile Island accident in 1979 stopped the growth of traditional nuclear power plants).

Google and Amazon SMR Deals – Google and Amazon have in the last few months signed agreements to buy SMR-generated energy with SMR developers. These agreements should help the SMR developers to commercialize their products. The first energy to be produced by SMRs under these deals is expected to be in the early 2030s.

Timing – SMRs will continue to slowly grow over the next decade. We expect the first SMRs in the US, the UK and Europe in the early 2030s. With commercially relevant numbers of SMRs in place by the late 2030s.

Unlocks More Datacenters and Other Projects – Because of their size and cost, SMRS can be deployed in locations that were not feasible for other power generators (nuclear and other). Because of this, SMRs could allow large numbers of datacenters to be built around the world in locations that are currently not possible because of power constraints. SMRs could also make possible a very large number and wide range of projects – from manufacturing facilities to new types of residential area.