Small nuclear power reactors for affordable low carbon energy

small nuclear reactor

SMR (small modular reactor) development is proceeding in Western countries with a lot of private investment. The involvement of these new investors indicates a profound shift taking place from government-led and -funded nuclear R&D to that led by the private sector and people with strong entrepreneurial goals, often linked to a social purpose. That purpose is often deployment of affordable clean energy, without carbon dioxide emissions. If this new technology is developed Australia would be a major beneficiary given its known uranium resources are the world’s largest – 31% of the world total.

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