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Can small modular reactors reshape nuclear energy supply chains?

Amid surging electricity demand, driven in part by the rise in AI/data centers, nuclear energy offers a potential solution. And new advancements in technology may now make the tipping point in sight for small modular reactors (SMRs) to reshape nuclear energy supply chains over the next decade, according to BofA Global Research.

Is last energy building a nuclear power plant?

I’m like, okay, great, I’m glad everyone’s caught up now.” Last Energy is building small modular reactors — compact nuclear power plants that can be mass-manufactured to reduce costs. The company’s reactors are designed to produce 20 megawatts of electricity, enough to power roughly 15,000 homes. It has momentum.

How many homes can a 300 megawatt SMR supply?

Reactors – used to produce energy. In fact, a 300-megawatt SMR could supply enough continuous clean power for over 300,000 homes! SMRs, like nuclear power plants in general, are more environmentally-friendly than fossil-fuel based methods of generating electricity because they do not emit greenhouse gases while operating.

Are SMRs a good alternative to nuclear power plants?

Unlike traditional nuclear power plants that require years— sometimes decades —of regulatory approval and construction, SMRs provide a flexible, rapidly deployable and cost-effective alternative for securing digital and industrial resilience. The modern economy is fueled by data and data demands an extraordinary amount of electricity.