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Recently, Prime Minister Andrew Holness announced that Jamaica was looking to include small modular reactor or SMR nuclear power plants among Jamaica’s energy sources. This was repeated by Energy Minister Daryl Vaz in a sectoral debate....
More and more companies—in the U.S. and abroad—are investing in new commercial nuclear enterprises, chief among them, small modular reactors (SMRs). The SMR industry is growing, with many promising developments in the works—which is precisely why the government should not interfere, as subsidies and government programs have already resulted in an inefficient system for large reactors. Heritage Foundation nuclear policy experts explain how the future for small reactors can remain bright.
Like computers in the past five decades, nuclear power stations will become smaller and more affordable until, for example, a mine will be able to generate its own power with a reactor that can fit on a truck.