What's Happening?
Singapore has appointed UK-based consultancy Mott MacDonald Ltd. to study the commercial readiness of small modular reactors and other nuclear technologies. This initiative is part of Singapore's exploration of nuclear energy as a potential solution to meet emissions targets and power industries like artificial intelligence. The Energy Market Authority emphasized that any decision to deploy nuclear energy will be carefully considered against safety, reliability, affordability, and environmental sustainability.
Why It's Important?
The study reflects a growing global trend towards nuclear power as countries seek low-carbon energy sources to meet emissions targets. Singapore's move is significant as it explores nuclear energy to diversify its energy mix and reduce dependence on gas. The collaboration with Mott MacDonald highlights Singapore's commitment to evaluating advanced nuclear technologies, which could play a crucial role in its energy strategy.
