Top 10 Startups Revolutionizing Data Center Energy with Small Modular Reactors

Small Modular Reactors (SMRs) are emerging as a transformative solution for powering data centers with clean, reliable energy. According to BIS Research, the global market for small modular reactors (SMRs) in data centers is projected to grow from $38.26 million in 2028 to $278.35 million by 2033. The main driver behind this growth is the increasing need for reliable and secure energy sources in data centers, which demand uninterrupted power for continuous operations.

Here’s an overview of ten key startups and companies advancing SMR technology.

NuScale Power is at the forefront of SMR innovation, developing a scalable and modular reactor design that allows for easy expansion as energy needs grow. Their reactors are designed to be compact and safe, offering a reliable power source for data centers and other large-scale energy users.

TerraPower, founded by Bill Gates, is known for its next-generation nuclear technologies, including the Natrium reactor. TerraPower’s SMRs are designed to offer high efficiency and safety with minimal environmental impact. Their reactors use advanced materials and innovative designs to improve performance and reliability, making them a viable option for energy-intensive facilities like data centers.

Rolls-Royce, traditionally known for its aerospace engines, is applying its engineering expertise to develop small modular reactors. Their SMR design focuses on delivering a compact, efficient, and scalable energy solution. Rolls-Royce’s reactors are aimed at providing a stable power supply for data centers, leveraging their experience in precision engineering and safety.

X-Energy is developing high-temperature gas-cooled reactors (HTGRs) as part of their SMR offerings. These reactors are designed for high efficiency and low environmental impact, making them suitable for applications such as powering data centers. X-Energy’s focus on advanced fuel cycles and reactor designs aims to enhance performance and sustainability.

Oklo is innovating with compact nuclear reactors that are designed to be cost-effective and low-maintenance. Their reactors are smaller than traditional models and aim to provide a sustainable power source for various applications, including data centers. Oklo’s approach includes efficient fuel use and advanced reactor designs to reduce operational costs and environmental impact.

Explore BIS Research’s customized Go-to-Market Strategy, that assist businesses in exploring and penetrating emerging markets, offering expert guidance to uncover new opportunities

Moltex Energy focuses on developing modular reactors with a strong emphasis on safety and efficiency. Their designs include a variety of SMR concepts that aim to provide reliable and low-cost energy. Moltex’s reactors use advanced materials and technology to enhance performance and reduce waste, making them an attractive option for data centers.

Westinghouse Electric Company is a well-established name in nuclear energy, advancing SMR technology with a focus on flexibility and sustainability. Their small modular reactors are designed to meet diverse energy needs, including those of high-demand facilities like data centers

GE Hitachi Nuclear Energy’s BWRX-300 is a small modular reactor designed to provide compact and cost-effective energy solutions. This reactor uses a simplified design to reduce costs and increase reliability, making it suitable for various applications, including data centers. 

LEU Fuel focuses on advanced reactor designs and innovative fuel cycles that enhance the efficiency of small modular reactors. Their technology aims to provide a sustainable energy source by improving fuel use and reactor performance. LEU Fuel’s approach supports the deployment of SMRs in diverse settings, including data centers.

Fusion Fuel is exploring the integration of fusion and small modular reactors to create a highly efficient and sustainable energy solution. Access Insights on Data center Refrigent Market.

These startups and companies are leading the charge in SMR technology, offering innovative solutions to meet the growing energy demands of data centers while promoting sustainability and efficiency.

Interested to know more about the growing technologies in your industry vertical? Get the latest market studies and insights from BIS Research. Connect with us at [email protected] to learn more.