SMR stands for Small Modular Reactor, and the argument was that because all the parts can be built on an assembly line in a factory, SMRs should produce much cheaper electricity than the giants we have tended to build so far. Unfortunately, estimated costs have more than doubled in 5 years.
From a tweet by @NuclearEngnrng
Estimated cost of NuScale 12-pack SMR is $6.1B in 2020, was $3.6B in 2017.
Estimated cost of NuScale 6-pack is $5.3B in 2022.
HT for chart: @ecopolitain
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