New-wave reactor technology could kick-start a nuclear renaissance — and the US is banking on it

Off the Siberian coast, not far from Alaska, a Russian ship has been docked at port for four years. The Akademik Lomonosov, the world’s first floating nuclear power plant, sends energy to around 200,000 people on land using next-wave nuclear technology: small modular reactors.

This technology is also being used below sea level. Dozens of US submarines lurking in the depths of the world’s oceans are propelled by SMRs, as the compact reactors are known.

SMRs — which are smaller and less costly to build than traditional, large-scale reactors — are fast...