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Small Modular Reactors (SMR): Gaining Importance in the Nuclear Industry
GlobalData, March 2011, Pages: 6
Small Modular Reactors (SMR): Gaining Importance in the Nuclear Industry
Summary
Environmental concerns and climate change initiatives have paved the way for several countries to look forward to technologies like small modular reactors (SMR) to generate power. The governments and nuclear utilities in several countries are considering SMRs as a potential technology to complement large nuclear reactors in providing carbon-free power for domestic and industrial usage. The SMRs which were initially used for providing power to naval and air force bases were later considered for domestic power production. Many companies are engaged in the research and development (R&D) of SMRs. The main applications of SMRs apart from electricity generation are desalination, process heating and district heating. SMRs are gaining importance in the global nuclear power industry; according to recent new reports, in the US’s 2012 budget proposal, funds are said to be allocated to the development and deployment of SMRs. Despite the constraints, the SMRs enlist more key drivers for its deployment. SMR design is also considered as an alternative to replacing ageing fossil power plants of similar capacities across the world. The low capital investment, low risk, proliferation resistance, quicker return on investment and faster construction will prove SMRs to be more completive and viable technology in comparison to large nuclear power reactors. According to an assessment made by the International Atomic Energy Agency (IAEA) in 2009, it was estimated that 90+ SMRs will become operational by 2030. The deployment of SMRs will be a potential market for nuclear suppliers across the world to provide equipment and services. Once the SMR design completes all its licensing processes and gets a green signal from the Nuclear Regulatory Commission (NRC) for commercial operation, it will boost the global nuclear power industry in the near future.
Scope
- The report analyzes the role of small modular reactors (SMR).in the nuclear industry.
- Explores and analyzes the key applications, drivers and constraints of SMRs.
- Provides details about SMR's classifications and latest trends in the development of .the design.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Gain most up to date information and analysis on small modular reactors (SMR).
- Understand the role of SMRs in meeting the different energy requirements.
- Facilitate decision making by understanding the trends in the SMRs development.
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