Miniature nuclear reactors promise a future filled with local, clean, safe zero-carbon energy, but those promises quickly melt when confronted with reality, say a pair of researchers.as a way to ensure the world meets climate change mitigation goals as a stop-gap until renewables fully mature and see widespread adoption.that SMRs are"still too expensive, too slow to build, and too risky to play a significant role in transitioning away from fossil fuels.
In most cases, these costs are rising before the US Nuclear Regulatory Commission has even given its approval, IEEFA notes.If the cost of an SMR were high but the risk low, or if construction were quick, it might be worth considering further development. The report finds that SMRs are neither cheap, quick, nor reliable.
Leaders at two nuclear power companies whose quotes are carried in the report"endorsed nuclear power in the abstract" as a way to transition away from fossil fuels, but both expressed concern over the investment risk.SMRs were nothing but"an opportunity to lose money in smaller batches" at this point in time, which was cited in the report.
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