Results for tag: "Small Modular Reactor"

The Small Modular Reactor (SMR) market is a subset of the nuclear power industry. SMRs are nuclear reactors that are smaller in size and power output than traditional nuclear reactors. They are designed to be more cost-effective and easier to construct than traditional reactors, and can be used to provide power to remote locations or to supplement existing power grids. SMRs are also seen as a potential solution to the issue of nuclear waste disposal, as they produce less waste than traditional reactors. SMRs are still in the early stages of development, and the market is expected to grow in the coming years. Governments and private companies are investing in research and development of SMRs, and the technology is being tested in several countries. Companies in the SMR market include NuScale Power, Holtec International, Westinghouse Electric Company, and TerraPower. Show Less Read more