"Nations Compete for Global Influence in New-Wave Nuclear Energy Race"

The US is investing heavily in small modular reactors (SMRs) as a potential solution to cut fossil fuels and compete with China and Russia in the nuclear energy market. SMRs are smaller, less costly, and can be built in more places than traditional reactors, making them a promising option for countries seeking to decarbonize their energy systems. However, the US is facing challenges in proving the economic viability of SMRs, as demonstrated by the recent setback of a major SMR project. Despite this, the US is pushing to sell SMR technology to countries around the world, aiming to establish long-term relationships and strengthen its influence in the global energy market.