The US government and investors have made a $9bn gamble on small nuclear reactors to power the AI boom and lower emissions — but experts warn the technology could prove too costly to be viable.
Data compiled by the FT shows that since 2019, government agencies including the energy and defence departments have committed over $6bn to developers of small modular reactors (SMRs) through awards, loans and cost sharing agreements.
Private investment has also soared, with over $3bn raised in the same timeframe.
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