SMR · Small Modular Reactor
Factory-built nuclear reactor under ~300 MW, proposed as clean firm power for large AI campuses.
Compact, factory-fabricated nuclear unit pitched as scalable clean-firm power for data centers.
Also written as: Small Modular Reactor
Current numbers
~45 GWdata-center SMR offtake pipeline (up from ~25 GW end-2024); first corporate SMR-fleet deal Google-Kairos Oct 2024 (500 MW); first utility Gen-IV PPA Kairos-TVA Aug 2025 (50 MW, Google offtake)
~$6,000–13,000/kW (OCC)SMR first-of-a-kind capex; restarts ~2027–28, SMR scale 2032–2035; ~10% of DC demand growth by 2035