Hogan Lovells 2024 Election Impact and Congressional Outlook Report
Highlighting how government support can positively benefit a transformative, nascent industry, Canada has again taken a lead role in support small modular reactor (SMR) development.
The country has already garnered significant attention through its pre-licensing vendor design review process, in which seven advanced reactor ventures are participating and many more have expressed interest. But in October, the Canadian Nuclear Laboratories (CNL) also released a report entitled “Perspectives on Canada’s SMR Opportunity,” which discusses the labs’ SMR strategy and responses to a request for information.
The report proves an interesting read and a useful resource for other countries or institutions looking to promote SMRs and advanced reactors. It analyses the 80 submissions provided from across the industry. Among other things, the report discusses the various benefits of SMRs, the types of reactors being developed, benefits to Canada, and comments related to how to efficiently regulate SMR innovation. It also builds on CNL’s efforts to promote SMRs and advanced reactors—in 2017 CNL released a long-term strategy for its Chalk River Site, including a $1.2 billion push to promote the development of next-generation reactors.
Authored by Amy Roma and Sachin Desai.