COVER STORY | STANDARDISING REGULATORY FRAMEWORKS
countries can reduce the complexity and cost of SMR projects, promote economies of scale, create collaborative risk-sharing instruments, and accelerate the deployment of this promising technology. Furthermore, advancements in SMR technology, such
as the development of advanced reactor designs with enhanced safety features and passive cooling systems, can address some of the concerns related to safety and waste disposal.
Above:
A lack of collaboration can slow down innovation and hinder the development of a global SMR industry. In response the OECD Nuclear Energy Agency is working to promote cooperation and knowledge sharing between countries
other applications. This project explores the potential
of SMRs to provide clean and reliable heat and electricity to Finnish communities, particularly in remote areas with limited access to the electricity grid. The IAEA has developed a set of safety standards for
SMRs, which provide a common framework for regulatory assessment and licensing. The NEA is also facilitating dialogue and collaboration between regulators and industry stakeholders to address the challenges of SMR deployment. These efforts towards harmonisation are crucial for unlocking the full potential of SMRs. By creating a more standardised and predictable regulatory environment,
Overcoming the barriers While the lack of standardisation remains a significant hurdle, it is not the only factor hindering the broad use of SMRs. Addressing the challenges of FOAK risks, legacy legislation, economic competitiveness, public perception, and insurance costs will require a concerted effort from governments, industry, and research institutions. By fostering international collaboration, promoting
standardisation, investing in research and development, and engaging in transparent communication with the public, we can overcome these barriers and unlock the full potential of SMRs to contribute to a cleaner, more reliable, and sustainable energy future. The successful, scalable deployment of SMRs will require a multifaceted approach that addresses both technical and non-technical challenges, paving the way for a new era of nuclear energy that is safe, efficient, and accessible to a wider range of countries and communities. ■
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18 | April 2025 |
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