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flag US companies advance small modular reactor technology to reduce nuclear power costs.

flag Several U.S. companies are advancing small modular reactor (SMR) technology to lower costs and increase flexibility in nuclear power, according to a U.S. Energy Information Administration report. flag With existing capacity at about 98 gigawatts and limited new construction due to high expenses, SMRs—typically under 300 megawatts—offer a modular design that could reduce construction time and costs. flag Some variants use high-assay low-enriched uranium for efficiency, while microreactors (under 20 MW) can power remote sites and data centers. flag The Department of Energy has provided $900 million in funding and launched a pilot program to accelerate testing.

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