A control room for current nuclear reactor models
SMR nuclear could compete with green hydrogen – Wood Mackenzie
Small modular reactors could help meet climate targets by producing low-carbon hydrogen, consultancy says
Nuclear-produced hydrogen powered by small modular reactors (SMR) has the potential to compete on cost with green hydrogen and could play a crucial role in meeting Paris Agreement climate goals, according to consultancy Wood Mackenzie. “SMR may still be in its infancy, but its potential is endless,” says Prakash Sharma, Asia Pacific head of markets and transitions at Wood Mackenzie. “They can play a role in producing low-carbon hydrogen, which is a cornerstone of almost all deep decarbonisation scenarios.” The levelised cost of electricity generated by a new SMR is upwards of $120/MWh for a typical market in Europe, the US or Japan, Wood Mackenzie says. This compares well with other clean
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
