A Realistic Look at the Path to SMR and Advanced Reactor Commercialization

Abstract

The professional, societal, and economic rewards for commercializing SMRs and advanced reactors can be significant. However, a good technical concept is not enough. Technology developers face many significant challenges. This paper is based on first-hand personal experience developing SMR and other new technologies. It will realistically address requirements for bringing SMR and advanced reactor technology to successful commercialization. The labyrinth of challenges addressed will include proof of concept, technical issues, markets & competition, brand recognition, fund raising, prototyping, licensing, personnel, partnerships, intellectual property, legal, accounting, deployment, and others. The commitment of time and money extends for years; and the end game is uncertain until a unit is successfully deployed and operating as planned. Not every idea will cross the finish line. Many will fail along the way. This paper will focus on the challenges technology developers must confront and will suggest plans to address.