US climate change not-for-profit Terra Praxis has proposed repowering 5,000 to 7,000 coal plants globally with SMRs between 2030 and 2050. Whether replacing coal in power plants or supplying industrial processes, SMR reactors have the potential to be installed in a packaged fashion based on standardized designs and processes. This should mean they can be deployed more quickly and with greater certainty over the like of outcomes, costs and regulatory approvals than nuclear power has to date.
US climate change not-for-profit Terra Praxis has proposed repowering 5,000 to 7,000 coal plants globally with SMRs between 2030 and 2050. Whether replacing coal in power plants or supplying industrial processes, SMR reactors have the potential to be installed in a packaged fashion based on standardized designs and processes. This should mean they can be deployed more quickly and with greater certainty over the like of outcomes, costs and regulatory approvals than nuclear power has to date.
Terra Praxis' REPOWER Initiative, developed with a consortium including design and engineering consultancy Bryden Wood, software provider Microsoft, academic partners and KPMG professionals, is developing standardized, pre-licensed designs and automated project and design tools to support utilities wanting to switch from coal to SMR nuclear. In the US alone, a report for the Department of Energy recently estimated that 315 sites, making up around 80 percent of retired and currently operating coal plants the report evaluated, could be converted to nuclear power.
Terra Praxis' REPOWER Initiative, developed with a consortium including design and engineering consultancy Bryden Wood, software provider Microsoft, academic partners and KPMG professionals, is developing standardized, pre-licensed designs and automated project and design tools to support utilities wanting to switch from coal to SMR nuclear. In the US alone, a report for the Department of Energy recently estimated that 315 sites, making up around 80 percent of retired and currently operating coal plants the report evaluated, could be converted to nuclear power.