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SMRs Still Too Costly, Risky and Slow to Build: IEEFA

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Small modular nuclear reactors (SMRs) are still too costly, slow to build, and risky to play a substantial role in transitioning from fossil fuels in the next 10-15 years, the Institute of Energy Economics and Financial Analysis (IEEFA) said.

  • Operating as well as proposed SMRs indicate that the reactors will continue to cost far more and take much longer to build than promised by supporters, according to IEEFA.
  • Regulators, utilities, investors, and government officials should recognise that renewables are instead the near-term solution to the energy transition, IEEFA added.
  • SMRs are generally reactors that have no more than 300MW, although a few are larger.
  • Several EU countries are assessing whether to implement SMRs, including the Nordics, Poland, Estonia, France and the UK.

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Small modular nuclear reactors (SMRs) are still too costly, slow to build, and risky to play a substantial role in transitioning from fossil fuels in the next 10-15 years, the Institute of Energy Economics and Financial Analysis (IEEFA) said.

  • Operating as well as proposed SMRs indicate that the reactors will continue to cost far more and take much longer to build than promised by supporters, according to IEEFA.
  • Regulators, utilities, investors, and government officials should recognise that renewables are instead the near-term solution to the energy transition, IEEFA added.
  • SMRs are generally reactors that have no more than 300MW, although a few are larger.
  • Several EU countries are assessing whether to implement SMRs, including the Nordics, Poland, Estonia, France and the UK.