A revolution is quietly transforming the nuclear power industry, shifting the focus from massive, costly plants to smaller, more affordable solutions. Traditional nuclear power projects, often requiring billions of dollars and many years to complete, have historically been within the reach of only the wealthiest nations. However, with the urgent need to reduce global reliance on fossil fuels, nuclear energy is being reconsidered as a critical component of a sustainable energy future.

Enter small modular reactors (SMRs). These innovative reactors promise to provide cheaper and more flexible energy generation at a fraction of the cost of traditional nuclear power plants. Producing up to 300 megawatts, SMRs can be small enough to power a factory or residential area, offering modularity that allows for phased construction and easier integration into existing infrastructure.

More than sixty companies worldwide are currently developing SMRs, ranging from industry giants like Rolls Royce and Westinghouse to startups such as Last Energy. These companies are leveraging modular construction techniques from sectors like automotive and shipbuilding to streamline the production and deployment of SMRs.

Public safety concerns and regulatory hurdles remain significant barriers. However, with only three major nuclear accidents over decades of operation and improved safety designs, proponents argue that modern reactors are much safer than their predecessors. Addressing waste management and ensuring public trust will be crucial for the widespread adoption of SMRs.

As climate change accelerates, nuclear energy, particularly through the deployment of SMRs, could become an indispensable part of the global energy mix, offering a reliable and lowcarbon alternative to fossil fuels.

Interviewee: Bret Kugelmass, CEO Last Energy
Prof. Esam Hussein, University of Regina

Chapters:
00:00 Intro
00:51 What are SMR (Small Modular Reactors)
01:05 What's wrong with nuclear power plants
01:56 How do SMR's work
02:10 Modularity SMR's explained
03:35 Which companies are developing SMR's
03:57 Who are Last Energy?
06:01 The Akademik Lomonosov floating nuclear power plant
07:00 When will we see SMR in action?
07:50 Nuclear safety
08:32 What makes new nuclear plant safe
09:25 Nuclear waste
10:00 How nuclear waste can be recycled


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