How small modular nuclear reactors can help decarbonize power grids

January 2023

Nuclear's new role

KPMG

Terra Praxis' REPOWER Initiative, developed with a consortium including design and engineering consultancy Bryden Wood, software provider Microsoft, academic partners and KPMG professionals, is developing standardized, pre-licensed designs and automated project and design tools to support utilities wanting to switch from coal to SMR nuclear. In the US alone, a report for the Department of Energy recently estimated that 315 sites, making up around 80 percent of retired and currently operating coal plants the report evaluated, could be converted to nuclear power.

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