Are There Still Many Opportunities for Small Modular Reactor (SMR) Development?
As of May 3, 2025, countries around the world are increasingly focused on addressing climate change through advancements in technology, including artificial intelligence (AI), as well as the urgent need to reduce carbon-based energy sources. Currently, the focus is on accelerating the development of small modular reactors (SMRs).
On April 27, 2025, during a conference hosted by China’s nuclear energy company, experts discussed national power development and the ongoing push for SMR technology. The topic of the conference was how SMRs have become a central point of innovation in China’s nuclear sector, particularly as the United States and other countries ramp up their development of SMR technology.
According to data from the International Atomic Energy Agency (IAEA), the power output of SMRs is generally under 300 megawatts, with many designs categorized as micro-reactors. These reactors have the potential for rapid deployment, aligning with the goal of creating a more sustainable energy landscape.
Currently, China has over 80 different designs and concepts for small reactors, most of which are based on third-generation nuclear technology. Some prototypes are also being developed under fourth-generation nuclear systems technology.
In the near term, around 70% of small modular reactor designs will incorporate integrated and advanced cooling systems. These reactors are being developed in a variety of forms and are expected to be deployed in various markets worldwide, including countries such as the United States, Canada, Japan, and several European nations.
The U.S. has been actively supporting SMR technology and its industrial development, aiming to create the largest market for small reactors. In March 2023, the U.S. Department of Energy announced a budget of $9 billion to support the development of light-water SMRs, which are expected to be among the first to gain approval for deployment.
By 2024, the U.S. Nuclear Regulatory Commission is set to approve the design of NuScale’s light-water SMR, marking a significant milestone for the country’s nuclear energy landscape. To enhance the availability of energy supply, various technologies and resources, such as advanced reactors and hybrid systems, are being integrated to meet the growing demand.
Looking ahead, China aims to establish a more robust nuclear energy framework, projecting substantial increases in its energy supply capabilities by 2030. The country plans to deploy over 400 gigawatts of nuclear power, significantly expanding its energy portfolio.
In conclusion, the development and deployment of small modular reactors (SMRs) represent crucial advancements in the nuclear energy sector. With ongoing support from governments and industries worldwide, the future of SMR technology looks promising, paving the way for a cleaner energy future.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-small-modular-reactor-development-current-trends-and-future-prospects/
