The Future of Microreactors: Technological Advantages, Economic Challenges, and Innovative Licensing Solutions with Blockchain

Abstract

This study details the unique advantages and challenges associated with microreactors. Microreactors offer rapid installation and flexible application capabilities, meeting energy needs in remote and inaccessible areas. Unlike large nuclear power plants, they can be set up and start generating energy within a few days, resulting in significant time and cost savings. Their small size and modular design reduce capital and operational costs while enhancing economic competitiveness. However, some technical and regulatory challenges persist for the widespread adoption of microreactors. Licensing processes designed for large nuclear power plants may delay the widespread adoption of microreactors. Blockchain technology can play a crucial role in overcoming these challenges by providing transparency and reliability in the licensing processes. The operational settings of microreactors should be carefully considered, and regulatory authorities must be effectively designated. Collaboration and coordination are vital in this process. Consequently, the flexibility and innovative solutions offered by microreactors highlight the importance of future research to examine the optimal conditions for their use.