Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of global (a) demand and (b) supply of small modular nuclear reactors.

Global SMR Demand

In 2014, The National Nuclear Laboratory (NNL) estimated the size of the potential global Small Modular Reactor (SMR) market to be significant. This was calculated at approximately 65-85GW and valued at £250-£400bn by 2035. These findings were published as part of the NNL Feasibility Study on SMRs.

Global SMR Supply

The International Atomic Energy Agency (IAEA) monitors the global supply of advanced reactor systems. The IAEA’s Advanced Rector Information System identifies that there are more than 80 different advanced reactor designs under development in 18 countries.