A control room for current nuclear reactor models
SMR nuclear could compete with green hydrogen – Wood Mackenzie
Small modular reactors could help meet climate targets by producing low-carbon hydrogen, consultancy says
Nuclear-produced hydrogen powered by small modular reactors (SMR) has the potential to compete on cost with green hydrogen and could play a crucial role in meeting Paris Agreement climate goals, according to consultancy Wood Mackenzie. “SMR may still be in its infancy, but its potential is endless,” says Prakash Sharma, Asia Pacific head of markets and transitions at Wood Mackenzie. “They can play a role in producing low-carbon hydrogen, which is a cornerstone of almost all deep decarbonisation scenarios.” The levelised cost of electricity generated by a new SMR is upwards of $120/MWh for a typical market in Europe, the US or Japan, Wood Mackenzie says. This compares well with other clean
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