CNBC – An Oregon business has developed technology that could help to alter the way we think about nuclear power. NuScale Power's small modular reactors, or SMRs, measure 65 feet tall and 9 feet in diameter.
Jose N Reyes, co-founder and CTO of the business, told CNBC's Sustainable Energy that they were "commercializing a small, modular reactor. It's a nuclear power reactor, that's a pressurized water reactor that can produce 50 megawatts electric… enough power for about 50,000 homes."
For its part, the U.S. Department of Energy's (DOE) Office of Nuclear Energy has said that advanced small modular reactors are a key part of the department's "goal to develop safe, clean and affordable nuclear power options."
According to the DOE, the advantages of advanced SMRs include their relatively small size, lower capital investment and "provisions for incremental power additions."
Read more at CNBC.