Small Nuclear Power Plants Draw Support in U.K.’s Green Program
- Government pledged 500 million pounds to support design
- Little detail on how large-scale reactors might get funding
Rendering of a 12 module NuScale Power plant.
Source: NuScale Power
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The U.K. government is championing small nuclear reactors as a key part of its decarbonization strategy in a move that left developers of traditional large-scale plants in limbo.
Prime Minister Boris Johnson’s government’s 12 billion-pound ($15.9 billion) strategy to green the economy included 500 million pounds for reactors that are a fraction of the size and cost of traditional nuclear plants. The aim is to encourage private investors to bring more capital into developing the technology.