SMR Start is a new organization of potential customers and vendors investing in the development of advanced modular nuclear reactors (SMRs). American vendors also compete in the international markets for the deployment of SMRs and other advanced nuclear reactor designs. Unfortunately, most countries like Russia and China directly subsidize their nation’s nuclear technologies in order to penetrate global markets. A final SMR design is necessary for the first power plant to begin construction and to take advantage of factory fabrication. A cost-sharing program for design finalization activities would help reduce the risk for first reactor design companies and would increase the probability that a final SMR design is produced for factory fabrication.

Source: Forbes February 16, 2017 10:52 UTC