Several companies in the United States are developing small modular reactors (SMRs) as a new approach to nuclear energy, aimed at reducing capital costs and improving flexibility in deployment, according to a report by the U.S. Energy Information Administration (EIA).
The report noted that the US currently operates about 98 gigawatts (GW) of nuclear generating capacity, but very little new capacity has been added in recent decades due to high capital costs and long licensing processes.