NEW REPORT: Small Modular Reactors – Concept Becoming Reality?
This new report explores the ongoing development of SMRs in the United States and abroad. This technology could be important for South Carolina’s future growth as the energy grid becomes increasingly pressured.
What is the current state of energy in South Carolina?
Due to increased growth, in-migration and aging power plants, energy in South Carolina is increasingly expensive and capacity is diminishing.
Sustained growth has resulted in South Carolina being home to some of the highest utility bills in the nation. The state is facing an urgent energy crisis. Innovative solutions are needed to not only meet current demand but to provide room for further growth in the future.
Nuclear energy is a reliable answer to South Carolina’s energy challenges, though the new technology of Small Modular Reactors (SMRs), present an additional venue for energy development. These compact reactors offer new opportunities for growth and can be used adjacent to conventional reactors to meet our energy demands.
What can SMRs do for South Carolina?
SMRs can provide stability and dependability for our energy sector. Fossil fuels are subject to significant price volatility and supply disruptions while SMRs provide a stable and reliable source of energy, ensuring a consistent power supply without the same exposure to externalities.
READ THE FULL REPORT:
Featured image: An example of a Small Modular Reactor (SMR), from the Rolls Royce webpage on SMRs.
