Demonstrating the viability of SMRs will require overcoming many technical, regulatory, financial and institutional challenges. The following pages provide a brief description of program activities that have been completed, or are underway to help resolve the generically-applicable licensing, economic, and commercialization challenges that may be faced by both the near-term licensable and advanced, next-generation SMR designs and concepts. The concepts were vetted with industry stakeholders to assure that there was general agreement on their intrinsic value, and the studies were commissioned using a small portion of the SMR LTS program budget.
