- Advanced Small Modular Reactors (SMRs) present a major opportunity for U.S. industrial policy.
- SMR-powered vessels could drive the revival of U.S. shipbuilding.
- ABS Chairman Christopher J. Wiernicki calls for a marinized SMR demonstrator.
- SMRs could transform shipping economics, vessel operations, and design.
Advanced Small Modular Reactor (SMR) technology represents a once-in-a-generation opportunity to reshape U.S. industrial policy. According to ABS Chairman and CEO Christopher J. Wiernicki, vessels powered by SMRs could play a critical role in revitalizing the U.S. shipbuilding industry. He advocates for the development of a marinized SMR demonstrator as the next crucial step toward adoption.
Transforming Shipping Economics and Vessel Design
Wiernicki highlights SMRs as a transformational technology with the potential to redefine commercial shipping. These reactors could revolutionize vessel economics, operational efficiency, and design. While the shift to nuclear-powered ships is a global movement, he underscores its significance for the U.S., intertwining national energy security with economic growth and industrial revitalization.
Cost Competitiveness and Long-Term Viability
Despite the high initial investment, SMRs can be cost-competitive with fossil fuel alternatives over a vessel’s lifespan. Factoring in fuel costs, regulatory compliance, and residual vessel value, nuclear propulsion presents a financially viable option for the shipping industry.
Overcoming Adoption Challenges
While SMRs offer immense potential for U.S. shipbuilding, significant investment and strategic planning are required to support their integration. Wiernicki calls for a dedicated approach distinct from military and land-based nuclear applications. He stresses the need for a comprehensive “nuclear playbook” to guide commercial adoption and enhance public awareness and engagement.
The Need for Regulatory Reform and Global Standards
Regulatory and licensing frameworks will be key in unlocking SMRs’ potential. Existing regulations are primarily designed for large, land-based reactors and domestic use, creating gaps for marine applications. Wiernicki advocates for new regulatory frameworks and global collaboration to establish standardized international licensing for SMR technology in the maritime sector.
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Source: ABS
