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Rolls Royce asks to govt begin 5 year process to get regulatory approval for its small modular nuclear reactor.

 Rolls-Royce (RR.L) has asked Britain’s government for clearance to begin
the 4-5 year long process of seeking regulatory approval for its small
modular nuclear reactor, it said on Wednesday, the first step towards
commercializing the technology.

Britain earlier this month backed a $546
million funding round at the company to develop the country’s first small
modular nuclear reactor (SMR), in a drive to reach net zero carbon
emissions and promote new technology with export potential. “This is an
important moment for the nuclear industry, as a UK SMR reactor design
enters the initial process for regulatory approval for the first time,” Helena Perry, Regulatory and Safety Affairs Director at Rolls-Royce said ina statement.

All new nuclear power projects need approval from Britain’s
Office for Nuclear Regulation (ONR) through its Generic Design Assessment
which is expected to take 4-5 years to complete. Britain’s government must
first give companies clearance to submit their designs to the regulator, a
process that is expected to take up to four months before the formal review
process can begin.

 Reuters 17th Nov 2021

November 18, 2021 - Posted by | politics

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