nuclear-news

UK continues to pour tax-payers’ money into (non-existent) Small Modular Nuclear Reactors

Nuclear Energy Insider 11th Sept 2019 Rolls-Royce group wins funding as UK SMR race gathers pace. The UK SMR Consortium has received financial backing from the UK government to advance
its small modular reactor programme, as part of the Industrial Strategy
Challenge Fund.

The consortium, led by Rolls-Royce, comprises Assystem, SNC
Lavalin/Atkins, Wood, Arup, Laing O’Rourke, BAM Nuttall, Siemens,
National Nuclear Laboratory, and Nuclear AMRC. “The £18 million [US$22.3
million] government funding for phase 1 of the programme (from the ISCF
Wave 3 bid we were recommended from by government) is being matched by
industry funding in the consortium,” Ben Todd, Rolls-Royce Communications
Business Manager – Nuclear, told Nuclear Energy Insider.

“It’s a really big boost to the project, however we have a conservative outlook and
realise there remains a significant amount of work still to do and many
hurdles to overcome. Phase 2 will be a further circa £500 million [US$618
million] total (matched from government, industry and possibly equity
providers) to take through to the completion of the GDA process.”

https://analysis.nuclearenergyinsider.com/rolls-royce-group-wins-funding-uk-smr-race-gathers-pace

September 14, 2019 - Posted by Christina Macpherson | politics, UK