The End of DOE's Flagship SMR — A Cautionary Tale

The collapse of the US Department of Energy’s (DOE) flagship small modular reactor (SMR) project should serve as a cautionary tale to SMR developers everywhere. When the agency first announced funding for NuScale Power’s SMR project in 2013, then Energy Secretary Ernest Moniz said it represented “a new generation of safe, reliable, low-carbon nuclear energy technology” that would “provide a strong opportunity for America to lead this emerging global industry.”