Over the past few decades, the buzz surrounding nuclear energy has subsided significantly. One of the primary reasons for this downturn is the public memory of catastrophic incidents like Fukushima and Chernobyl which have only further entrenched the perception that nuclear energy is risky. Additionally, the escalating total costs and construction schedule delays associated with running nuclear power plants, which have made it an unattractive choice for many investors. However, a new technological breakthrough known as Small Modular Reactors (SMR) promises to revolutionize the field, promising safer, cleaner and cost-effective nuclear energy. SMRs offer a compact, safer, and more economically viable approach to nuclear energy, presenting the promise of sustainable, high-capacity power generation in a rapidly growing energy sector.
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