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British govt’s foolhardy plan to pay up for non existent Rolls Royce small nuclear reactors

Guardian 17th Nov 2020, Boris Johnson’s £12bn plan for a “green industrial revolution” spans renewable energy, nuclear power and countryside restoration. However, some of the objectives are likely to be difficult to reach, and the plan has been criticised for a lack of ambition in key areas.
Tom Burke, chair of the E3G thinktank, said: “The only way to build another big nuclear reactor is if the government puts electricity bills up twice to pay for it – first to buy the concrete and steel to build it and then again to buy its electricity at far higher price than renewable generators will be charging.
[And] the main problem with small modular reactors is that no one has one for sale – not even Rolls-Royce. They are actually offering to design one but only if the government will guarantee a £32bn order for 16 and pays half the £400m cost of the design. One word for deciding to go ahead on this basis is ‘brave’, a more appropriate word might be ‘foolhardy’.”

November 19, 2020 - Posted by | politics, Small Modular Nuclear Reactors, UK

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