全球小型模块化反应堆进展及对中国的启示

Investment Rating - The industry investment rating is "Strongly Outperforming the Market" indicating an expected overall performance that surpasses the market in the next six months [51]. Core Insights - Small Modular Reactors (SMRs) are gaining attention due to their flexibility, diverse application scenarios, smaller investment scale, and high safety features. It is predicted that one-third of the global new nuclear power installations will come from SMRs in the future [6][9]. - The North American region is the most active in SMR research and project development, with 30 out of 74 active projects being developed by 25 companies in North America [13][16]. - The global nuclear power capacity is expected to grow from approximately 400 million kilowatts to nearly 1.2 billion kilowatts over the next thirty years, with a significant focus on nuclear energy as a zero/low-carbon solution [6][10]. Summary by Sections 1. Background of SMR Development - The increasing demand for electricity and the emphasis on energy security, especially due to geopolitical tensions, have highlighted the importance of nuclear power as a reliable and low-carbon energy source [6][10]. - A joint declaration signed by 22 countries during COP28 aims to triple nuclear power installations by 2050, marking a significant commitment to nuclear energy [6][10]. 2. Current Status of Global SMR Development - The OECD/NEA report evaluates 126 SMR projects, with 74 showing high activity levels. The majority of these projects are in North America, followed by Europe and Asia [11][13]. - The report indicates that water-cooled and gas-cooled reactors dominate the technology routes, with 43 out of 74 projects utilizing these methods [16][17]. - Financing for SMR development reached $15.4 billion in 2024, with government and public funds contributing $10 billion and private sector investments totaling $5.4 billion [31][35]. 3. Recommendations and Suggestions - The report suggests that the Chinese government should increase funding for SMR research and development to enhance competitiveness in the international market [39][40]. - Encouraging diverse market participants and funding sources is essential for the development of China's SMR industry, moving away from a monopolistic model [40]. - It is recommended to actively promote the development of SMR project sites in coastal and inland areas, aligning with energy and carbon reduction needs [40][41].