Small modular reactor (SMR) economics have deteriorated dramatically: Bill Gates modeled SMRs at $6,000/kg for enriched uranium; that price is now $32,000/kg, causing SMR IRRs to fall from 14% to zero, creating urgency to secure cheap enrichment capacity.
factualpending
Speaker
Nick LawsonEvidence Quote
“when Bill Gates was modeling what a small modular reactor would look like, he was modeling a price for this enrichy radium of about $6,000 a kilogram. that price is now $32,000 a kilogram. So his IRRa has gone from 14 down to zero.”
Created: 8/11/2026, 6:58:12 AM
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