Heritage Foundation nuclear policy experts, JACK SPENCER and NICHOLAS LORIS tout the potential of small, modular nuclear reactors (SMR) in the generation of abundant emissions-free power. They argue in their opinion piece, "Small Nuclear Reactors, Big Energy Pay-Offs", that this nascent technology could significantly transform the nuclear industry due to its numerous advantages such as lower up-front capital costs, mobility, scalability and multi-functionality. They state that the current U.S. regulatory environment was dominated by inefficient licensing and rule-making, failed nuclear waste management policy leading to barriers to new nuclear technologies and call for a market-based approach that provided a stable regulatory environment, promoted competition, relied on private investment and sustainable economics.
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