The international community is committed to developing low-carbon energy for use across sectors such as electricity, heating, transportation, and industry. However, existing energy sources that emit low CO₂ levels are not yet sufficient to achieve carbon neutrality, representing only 13% of the global energy mix.

Against the backdrop of the energy transition and increasing electricity demand worldwide, SMR (Small Modular Reactors) provide a concrete solution:

• to replace fossil fuel plants which emit high levels of CO₂ and are still over-used,
• to compensate difficult access to low-carbon electricity in remote locations and off-grid facilities,
• to address the need for low-carbon energy production as close as possible to where it is needed (e.g., by replacing generators),
• to offset intermittent renewable energies,
• to promote nuclear as a source of electricity and heating, including hydrogen production
• to overcome the difficulties and constraints associated with large-scale nuclear projects (particularly financing),
• to help countries around the world achieve energy independence.

The development of a global SMR market is a cornerstone challenge for governments and operators seeking to develop and sell this new type of modular reactor.