Small Modular Reactors or SMRs may revive the nuclear fission reactor industry around the world. These nuclear power plants are a fraction of the size of existing facilities. They take less time to build and have safety features that make a Fukushima or Chornobyl-like event next to impossible.
As the world pivots from burning fossil fuels to generating electricity and heat, SMRs may have a role to play to get the global economy to carbon neutrality or what is referred to as the net zero 2050 target date.