Small Modular Reactors have emerged as an attractive component of energy transition due to several attractive advantages. At the same time they face a lot of uncertainty: market forecasts vary considerably, dominant technology still unclear, previously declared FOAK costs are unattainable in the current challenging environment, etc. How will the future race unfold? What are the key success factors? Which strategy is the winning one? – these and other questions are critically important for investors, regulators and customers of “new nuclear” and will be covered in this presentation.