Our own states are also paving the way for SMR technology…
Illinois, Michigan, Minnesota and Wisconsin have all put plans in place to adopt SMR technology for their energy needs, marking a huge shift from our oil-dependent energy grid…to a grid powered by SMR tech…
Now, due to the “modular” part of “small modular reactors,” the capital investment required to build one is much lower, according to the Office of Nuclear Energy.
Traditional large reactors still require a ton of on-site field work to be assembled, that can include casting, molding, and fabrication.
It’s intensive, and hard to scale.
But SMR’s benefit from assembly line economics that have been honed and improved on over the past few years.
This means that parts can be created and snapped together, sort of like legos.
This allows for quicker, more scalable production.
All of this has pushed America and much of the world to explore SMRs as an alternative energy source…
After all, SMRs are projected to be 18 times cheaper than nuclear power plants…
They can generate enough energy in a day to last an American home for 658 years…
And they produce this energy while maintaining a lower carbon footprint…
Which is more than I can say for other forms of renewable energy like lithium and hydrogen.
A lot of people think Lithium and Hydrogen are “green” sources of energy…
But the truth is Lithium and Hydrogen are actively producing carbon emissions…
For instance, Hydrogen produces about 10 kg of carbon for every 1 kg of hydrogen produced… and Lithium is responsible for 1.3 million tonnes of carbon emissions yearly.
However, according to Science Direct, SMRs have the potential to make a low-carbon power grid a reality