The limited choice in nuclear power plant technologies is coming to a close, and more companies are starting to introduce small nuclear reactors to the market
The limited choice in nuclear power plant reactors is rapidly coming to a close.NuScale and GE Hitachi’s BWRX 300 seem to be among the first wave of SMRs that are likely to receive licenses for commercial operation.In terms of technology, the first fifty years of the commercial nuclear power industry in the US was similar to early ice cream choices when there was only chocolate and vanilla. In nuclear power terms that means boiling water and pressurized water reactors .
But SMRs would remedy one major problem: the lengthy construction periods with the attendant cost escalations . Building plants on time would also increase the likelihood of being within budget, not a small thing in this context.
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