Small modular reactors could be the answer to years of decline in the nuclear power industry.

An SMR is generally defined as an advanced reactor that produces up to 300 megawatts per module.

NuScale Power is the first company to receive design approval from the US Nuclear Regulatory Commission.

Its modules are 76 feet tall and 15 feet in diameter, and can generate 77 megawatts of electricity.

Power generation from fossil fuels such as coal and natural gas has contributed significantly to human-inducedclimate change.

The company is in conversations with other authorities and possible customers around the world.