A realistic understanding of their costs and risks is critical.
What are SMRs?
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SMRs are not more economical than large reactors.
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SMRs are not generally safer or more secure than large light-water reactors.
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SMRs will not reduce the problem of what to do with radioactive waste.
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SMRs cannot be counted on to provide reliable and resilient off-the-grid power for facilities, such as data centers, bitcoin mining, hydrogen or petrochemical production.
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SMRs do not use fuel more efficiently than large reactors.
[Edit: If people have links that contradict any the above, could you please share in the comment section?]
The economic advantage of SMRs is that when you make reactors in a location, the 1st is always more expensive than any following reactors. Just a reality of construction, permits, designs, etc. So if you have 4 reactors in one place, that’s pretty nice. They also have the advantage of being able to turn one off for maintenance and then having 2, 3, 4 other reactors in the same vicinity that can pick up the slack for the duration.
As for waste, yeah it’s the same problem. But it’s important to note that the volume of material is not that big. The entire volume produced by all us nuke energy ever takes up a football field stacked 10 yards high. All told, that’s a smaller problem than I ever thought.
I’m not a big nuclear advocate, I’m pretty mid on it. This is where I got all of the above information, an interview with the head of the US DOE loan program https://www.volts.wtf/p/nuclear-perhaps?utm_campaign=post&utm_medium=web
The nice thing about nuclear waste is that it kind of just sorts itself out too. I half suspect not knowing what to do with it and kicking the can down the road is sort of the whole point. Nominally it’s pretty easy to deal with nuclear waste, you seal it up somewhere and leave it to not be radioactive any more. The problem is it takes a long time, and we don’t really know how to communicate to anyone 1000 years in the future “there’s nuclear waste here, stay the fuck away”. Making sure it’s an active topic for discussion kind of keeps it at the forefront and means it’s not forgotten about.
I also learned in that interview that after a relatively short period, the aggressive decay is over and you’re left with a barrel of waste that isn’t actually shooting off radiation very often.