Small modular nuclear reactors might be a key part of the solution to the climate crisis, or they might not. They seem to be near the end of the R&D stage (although doubtless they can and will continue to be improved) and at the very beginning of pilot testing/proof of concept. They are not yet economically competitive with other forms of power generation (including traditional large nuclear reactors), which you could say about pretty much any new technology. There is a chicken and egg problem where you have to implement it and scale it up for the unit price to come down, and it is hard to get the private sector (and public sector, if they are short-term financial return focused) to take the chance on implementation of something that might end up not working out. Of course, the idea is to invest in a portfolio of things that have some chance of working out, such that there is a high chance at least one of them will pay off. Anyway, some facts and figures in this Physicsworld article (isn’t that name slightly redundant?):
- Nuclear power generated 17.5% of the world’s electricity in 1996, vs. only 9% today (2026 if you are a future historian reading this).
- I somewhat naively thought US firms might be leaders in this technological knowledge (if not in implementation of anything at scale, where I would never be that naive). But it turns out that there are two of these reactors currently operating in the world, and they are in Russia. Two are being built in China.
Sure, there are mining, supply chain and waste problems, but in my view you have to balance them against the unfolding global ecological catastrophe caused by burning fossil fuels for two centuries and counting.
