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Westinghouse “committed” to developing Small Modular Nuclear Reactors (SMRs) BUT CAN THEY GET THE FUNDING?

SMR Supply Chains, Costs, are Focus of Key Developments, Neutron Bytes, Dan Yurman October 4, 2017  “…….Westinghouse Says It Remains Committed To UK SMR Development

(NucNet) Westinghouse Electric Company said last week it remains committed to developing a 225-MW small modular reactor (SMR) that the company believes will allow the UK to move from buyer to global provider of SMR technology.

The company said in a statement that more than 85% of its SMR’s design, license and procurement scope can be delivered by the UK. The fuel would be manufactured at its Springfields facility in northern England.

“This is a special offering that only Westinghouse, with UK partners, can deliver,” the statement said.

Media reports in the UK have suggested that ministers are ready to approve the development of a fleet of SMRs to help guard against electricity shortages as older nuclear power stations are decommissioned………

Westinghouse said it filed for bankruptcy protection in the US to protect its core businesses and give the company time to restructure for continuing operation.

It remains unclear where the company will get the capital to pay for development of the SMR, complete a Generic Design Review in the UK, and build a manufacturing center there to produce the reactors. https://neutronbytes.com/2017/10/04/smr-supply-chains-costs-are-focus-of-key-developments/

October 7, 2017 - Posted by Christina Macpherson | business and costs, technology, USA