Small Modular Nuclear Reactor for cheap electricity and zero carbon.
From "What laws would you like to see modernized, reformed or introduced for the benefit of Bermuda?"
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In order to reduce the price of electricity in Bermuda, we require a stable, reliable, long term, base load power generation capacity.
Renewables are intermittent and therefore cannot fill this role.
SMR technology is coming leaps and bounds. There are several companies looking for locations to site test plants. They need developed, modern economies with robust legal systems to facilitate this.
Most of the models work on power purchase agreements, so we would not own or manage the reactor. We would simply agree to buy the electricity. Models are suggesting that they will deliver electricity for $0.04 per KWH.
Many are the footprint of a 40foot container.
They last 20 - 35 years and at the end of the contract we can either sign a new contract, and they bring you a new one, or they will simply pack up the reactor and take it back with them. We would never be responsible for the fuel or waste.
Bermuda should embark aggressively on becoming a first mover on this.
look up Copenhagen Atomics, Terra Power, Moltex…
