Africa is pioneering nuclear innovation as it faces a dire electricity crisis

"Jobs need electricity. So do factories, hospitals, schools, and water systems. And as demand surges-with AI and development alike-we must help countries deliver reliable, affordable power. That's why we're embracing nuclear energy as part of the solution-and reembracing it as part of the mix the World Bank Group can offer developing countries to achieve their ambitions. Importantly, nuclear delivers baseload power, which is essential to building modern economies," said World Bank Group President Ajay Banga.

For developing economies, this represents a chance to leapfrog into high-technology manufacturing while building domestic expertise that can serve both local needs and global markets. The indoor manufacturing environment for SMR components means these facilities can be established anywhere with appropriate infrastructure and supply chains.

It is important to note that the developed world continues to enjoy the circa 6000+ products that oil and coal continue to contribute to their daily standard of living. Developing nations need to continue to benefit and optimize their oil and coal-based assets, while building nuclear energy simultaneously to secure the future of generations to come.

A critical moment for African innovation

The choice facing Africa and other developing regions is clear: support indigenous innovation now!

For those with the vision to ensure Africa's energy independence while contributing to technologies that could power sustainable development across the Global South, SMRs are positioned as a golden opportunity to invest in the future of young and developing nations.

In an era where electricity security and economic development are inextricably linked, backing small and micro nuclear technologies isn't just good business, it's an investment in a more equitable and sustainable global electricity future.