Small Modular Reactors

Small Modular Reactor Industry Must Focus On Developing ‘Best One Or Two Technologies’, Says World Bank Head

By Nigel Davies
18 November 2025

Ajay Banga highlights France as good example and urges sector to ‘standardise in order to thrive’

Small Modular Reactor Industry Must Focus On Developing ‘Best One Or Two Technologies’, Says World Bank Head
IAEA director-general Rafael Grossi and World Bank president Ajay Banga recently signed a memorandum of understanding in Paris. Courtesy IAEA/World Bank.
Manufacturers of small modular reactors (SMRs) must settle on the deployment of one or two technologies to allow them to develop at scale and bring costs down, according to the head of the World Bank.Speaking at the annual meeting of the US-based Bretton Woods Committee (BWC) to discuss solutions for economic stability for developing countries around the world, World Bank president Ajay Banga gave his timescale for SMRs to reach maturity.“Small modular nuclear reactors are somewhere between three and five years before you figure out how you coalesce around one or two technologies. Until you do that you can’t get to scale, until you get that scale, you won’t get the costs down,” Banga said.

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