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EDF Sees Huge Market for Small Reactors to Replace Fossil Fuels

  • Utility bets countries will need nuclear to meet climate goals
  • EDF sees big demand for compact reactors from 2030-2040

Electricite de France SA, the world’s biggest operator of atomic plants, sees a huge global market for small reactors from the next decade to replace fossil-fuel generators as countries scramble to meet carbon-emission reduction goals.

Companies including NuScale Power LLC in the U.S., China National Nuclear Corp. and Russia’s Rosatom, are racing to develop so-called small modular reactors that would be easier and faster to build than large atomic plants. They’re betting on the appeal to developing nations that don’t need large reactors, but would still need carbon-free generators to supplement wind and solar power.