Earlier quoted context omitted.
Every SMR startup is failing. The more they progress, the more they revise their costs upwards. SMR make as much sense as space datacenters. You can gaslight investors, you can gaslight HN, you can gaslight a national parliament full of lobbyists, but you can't gaslight thermodynamics.
Doesn’t China have SMRs?
Russia actually does have a smallish SMR but it wasn't terribly cheap to build nor operate. IIRC it is in the form of a ship and used to power a city somewhere in the north.
SMR has a place for sure but no one has demonstrated the unit costs savings of making a lot of them yet.
You can actually get some, if not most, of the economy of scale by doing a fleet build of one specific design. The US seems to be working on that and picked the Westinghouse AP-1000. I think that initiative has a decent chance of succeeding. The first few will be slow and expensive to build (even China has had delays with their nuclear roll out) but the subsequent ones will get cheaper and faster to build. This is how some countries did it during the first nuclear power expansion era.