Terrestrial Energy sees industrial heat and power as a major untapped market for SMR plants and expects its Integrated Molten Salt Reactor to be competitive with fossil fuel alternatives, Simon Irish, the company’s CEO, said in an interview.

US Small Modular Reactor developer NuScale aims to use advanced manufacturing techniques, savings on facility costs and economies of scale to lower the Levelized Cost of Electricity of its plants to $90/MWh (£59/MWh), Tom Mundy, NuScale's Executive Vice President, told Nuclear Energy Insider in an exclusive interview.