SMRs in Canada
There is an SMR currently under construction just east of Toronto, with 3 more planned to be built alongside. The first one will be on line and delivering power to the grid before X-Energy's most optimistic projections for their first one (which hasn't even got construction plans yet).
However, it uses conventional low fuel available from commercial suppliers, instead of the special medium enriched proprietary fuel such X-Energy is using. A single SMR of this type will also put out about as much power as 4 of X-Energy's. Or to put it another way, you would need 16 of X-Energy reactors to equal 4 of the ones being built in Canada. I doubt that X-Energy can deliver their reactor for a quarter of the capital investment, and I doubt that their proprietary fuel will prove to be cost competitive with conventional reactor fuel.
What is more, X-Energy claim their reactors don't need containment buildings. I would be surprised if they got approval to operate a reactor based just on their fuel needing no containment, especially as they only claim that their fuel pellets are only rated to contain 99.99% of fission products. I'm not sure that conventional fuel pellets are significantly worse.
The Germans built a pebble bed reactor (which is the generic name for these things) in the 1960s. It was tested with both BISO, and later TRISO (the type X-Energy intend to use) fuel, and also gas cooled with helium.
It was a failure to put it mildly. Temperature control was difficult, and the fuel pebbles emitted contamination and whole system was contaminated by fine radioactive dust from the fuel. Radioactive material leakages contaminated the site, and the whole thing ended up having to be filled with concrete to try to fixate the contamination in place. Decommissioning and dismantling are apparently expected to take until the end of the present century.
Not deterred by this, the Germans built a second, larger version. This suffered from even more problems. Dust and debris from the pebbles (they circulate through the system) plugged cooling channels, and the pebbles themselves would get stuck. The Germans finally gave up on the idea at the end of the 1980s. Several other countries have built systems since, none has been especially successful.
All reactors of this type use graphite in their outer layers as a moderator. This graphite coated fuel is one of the designs weaknesses, not a strength as they like to put it. It was graphite moderator fires which caused the Windscale and Chernobyl accidents, not fuel melt downs.
The pebble bed reactor is one of those things which sounds simple when sketched on the back of an envelope. However, they have all been complex and difficult to operate in practice once the real world intrudes into theory.
My opinion is that they offer no real advantages in terms of safety, cost, or simplicity, and are a technological dead end.
The main attraction that these and other unconventional SMRs offer is to the companies that will supply the highly specialized proprietary fuel for them. It will be a license to print money for the company that holds the rights to the fuel.
The point of Small Modular Reactors is the "modular" bit. It applies the same sort of modular construction techniques used in the latest shipyards to build ships in blocks which are then assembled ready to go rather than building piecemeal on site. Conventional reactor technologies can be adapted to modular construction without having to use totally new reactor designs or exotic fuels. I expect that these are what will be commercially successful.