NEW REPORT: Small Modular Reactors – an Answer to South Carolina’s Energy Crisis?
We are excited to share our latest energy report, which looks at the possibility of Small Modular Reactors (SMRs) as a solution to what is undoubtedly an energy crisis in South Carolina.
What is the current state of energy in South Carolina?
South Carolina’s energy status is characterized by outrageous costs and diminishing capacity.
Rapid population growth and industrial expansion have strained South Carolina’s energy resources, resulting in some of the highest utility bills in the nation. The state is facing an urgent energy crisis, and an innovative solution is needed to meet growing energy demands.
The Promise of Nuclear Energy and Small Modular Reactors (SMRs)
Nuclear energy, a zero-emission clean source of electricity, is a heartening answer to South Carolina’s energy challenges. Small Modular Reactors (SMRs), in particular, represent an innovative approach to nuclear power generation. These compact reactors offer significant advantages over traditional nuclear reactors.
What can SMRs do for South Carolina?
SMRs can provide stability and dependability for our energy sector. Reliance on fossil fuels exposes the state to price volatility and supply disruptions. SMRs provide a stable and reliable source of energy, ensuring a consistent power supply regardless of external factors. See page 14.
SMRs can bring large-scale economic development to South Carolina. The construction and operation of SMRs will generate a substantial number of jobs, both in the short term and long term. Development of SMRs will attract investment and innovation to the state with the potential to turn South Carolina into a hub for advanced energy technology.
When can we get SMRs in South Carolina?
Countries around the world are actively developing SMRs, with operational systems already in place in Russia and China. In the United States, NuScale Power is leading the way with a project expected to be operational by the early 2030s. Virginia has plans to dive into SMRs in the near future. With continued advancements and regulatory support, South Carolina could see its first operational SMR within the next 10 to 15 years, providing a timely and strategic solution to the state’s energy crisis.
READ THE FULL REPORT:
Featured image: An example of a Small Modular Reactor (SMR), from the African Commission on Nuclear Energy.
