The demise of the Small Modular Nuclear reactor (SMR) dream
mPower Pullback Stalls Small Nuclear, Forbes, 28 April 14 Richard Martin Nuclear technology supplier Babcock & Wilcox (B&W) has slashed funding for its Generation mPower program, an effort to develop a small modular reactor (SMR) for power generation and other applications. The pullback represents a major blow to the development of SMRs, which have been hailed as the next step forward for the nuclear power industry.
Dead End
All told, B&W, the DOE, and partners have spent around $400 million on the mPower program. Another $600 million was needed just to get the technology ready for application to the Nuclear Regulatory Commission for licensing…..B&W said last year it would seek a majority investor in the project but was unable to secure a buyer. ..
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