Senate Intelligence Committee Leaders Host Public-Private Roundtable on Small Modular Reactors

Statement

"As global electricity demand continues to grow at exponential rates, the world needs safe, resilient, secure, and affordable sources of power. Nuclear energy, including Small Modular Reactors, will be a critical component of meeting this demand. A recent Department of Energy report found that the U.S. alone will need 200 GW of new nuclear power by 2050 -- creating a global market that could be worth $250 to 400 billion by 2040, while spurring U.S. jobs.

China and Russia have recognized the potential of nuclear power and are investing heavily in their advanced reactors, while attempting to secure nuclear contracts all over the world. The United States must not let our adversaries monopolize the growing civil nuclear industry, set the safety standards around nuclear power, dominate the supply chains for such a critical source of energy, and/or attempt to use advanced reactor contracts to exert undue geopolitical and economic leverage.

We were pleased to co-host this bipartisan roundtable alongside Senators Manchin, Barasso, and Capito, amongst others, bringing together CEOs across the civil nuclear industry and national security officials from the U.S. government to discuss how the United States, alongside our allies, can outcompete our adversaries in deploying the next generation of civil nuclear power at home and abroad, and ensure that our own critical domestic facilities and capabilities are supported by secure, continuous, and clean power. We look forward to continuing this work with all relevant stakeholders."

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