Abstract: Science Set Journal of Economics Research

Abstract:
This article provides a comparative analysis of the economics of cost to design for two promising future nuclear energy technologies: Small Modular Reactors (SMRs) and Fusion power. Small Modular Reactors offer advantages such as lower initial capital costs, shorter construction times, enhanced safety features, and fuel efficiency. In contrast, fusion power, while holding great potential, faces significant challenges due to high research and development costs, complex engineering requirements, and stringent regulatory demands. The choice between SMRs and fusion power depends on regional energy demands, financial considerations, and sustainability goals. Ultimately, a blend of nuclear, renewable, and conventional energy sources may collectively address the global energy challenge and combat climate change effectively.