This report presents the results of technoeconomic analysis that advances understanding of the potential of small modular reactors and microreactors, collectively referred to as small reactors (SRs) in this report, in microgrids. This analysis was conducted using a proxy model for SR in microgrids based on the datapoints that were identified and explored in a predecessor report "Small Reactors in Microgrids: Technical Studies Guidance." 1 These datapoints-specific to SRs-are representative of what is understood as of today about the expected characteristics of SRs (costs and operational). They are the starting point for the technoeconomic analysis in this report.This report recognizes that the development of technoeconomic analysis for SRs in microgrids must consider that:• Microgrids built with SRs have different configurations depending on their boundaries, the loads and resources within those boundaries, energy storage, and the connection and interaction with the distribution network. Primary technical design principles include power and energy adequacy, system economics, system reliability, and operational resilience.• Technical studies required to evaluate the feasibility of SR in microgrids include siting, generation optimization, operational framework and feasibility, economic optimization, and risk analysis. Technoeconomic models specific to SRs are necessary to conduct these feasibility studies.