IDTechEx Asks Where SMRs Will Fit in the Energy Ecosystem [Yahoo! Finance]
ROLLS ROYCE HLDGS S/ADR (RYCEY)
NASDAQ:AMEX Investor Relations:
rolls-royce.com/investors.aspx
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Source: Yahoo! Finance
construction time compared to the large reactors that form the bulk of today's nuclear fleet. Their smaller size and frequent use of advanced fourth generation reactor designs also make them more flexible than today's reactors, opening uses beyond supplying power to the grid directly. IDTechEx's market report, ' Nuclear Small Modular Reactors (SMRs) 2023-2043 ', outlines the level of potential here, with twenty-year forecasting outlining the expected rise of these powerful tools for decarbonization. It identifies additional business models to grid power supply as important motivators for uptake – in 2024, the ongoing AI boom is intensifying demand here. SMRs offer a solution to the data center energy crisis According to the International Energy Agency, annual energy consumption from data centers could double between 2024 and 2026 to exceed 1,000TWh. The widening rollout of advanced AI models is the major reason for this astounding increase. SMRs typically have electrical capacit
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