SMR · Small Modular Reactor
Factory-built nuclear reactor under ~300 MW, proposed as clean firm power for large AI campuses.
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)
~2030 / ~2035SMR first units / full build-out targets (Google-Kairos, Amazon-X-energy); 2030 dates widely judged optimistic
>10 GWnuclear contracted by hyperscalers: TMI/Crane 835 MW (~2028), Amazon-Talen ~2 GW, Kairos SMR ~500 MW (~2030-35)