Preparing for the nuclear resurgence
Capital requirements for nuclear startups
As energy demand rises, nuclear is reemerging as a reliable, scalable, carbon-free option—but it requires significant capital to deploy. This creates a timely opportunity for nuclear power startups to help shape the future of clean, abundant power, but first they need to navigate questions about feasibility and public support. Scroll down to learn more.
How SMRs are helping tackle the economical challenge
Small modular reactors may bring an efficient and flexible solution
New traditional nuclear power is very costly—capital alone is 60% or more of levelized cost of energy (LCOE), long timelines (10+ years for approval and construction) plus financing and development costs drive the required investment into the tens of billions of dollars.1
Small modular reactors (SMRs) could help overcome economic challenges and deployment hurdles by being smaller (less than 300 megawatts), factory built, and designed with enhanced safety, which can improve efficiency and speed. With dozens in development and US policy moving to fast-track licensing and fuel supply, SMRs could offer a more flexible path to power. Still, startups must marshal enough capital to bring this to reality.
Possible public and private pathways for raising capital
Our report outlines next steps for nuclear startups pursuing venture capital, private equity, hyperscaler investment, or initial public offering status:
Endnotes
1. World Nuclear Association, Nuclear power economics and project structuring – 2017 edition, January 2017.
Jeremy Hurwitch
Jay Cochran
Martin Stansbury
Sarah Goldberg
