The U.K. government is providing £120 million (about $149.9 million) for a new fund designed to support the development of new nuclear energy projects, stimulate competition in the industry, and unlock investment.
The United Kingdom’s Department of Business, Energy and Industrial Strategy (BEIS) has asked regulators—including the U.K. Office for Nuclear Regulation (ONR), the Environment Agency, and Natural Resources Wales—to begin a generic design assessment (GDA) of Rolls-Royce SMR’s 470-MWe small modular reactor design.
The U.K. government and EDF have agreed to improved arrangements for the decommissioning of Britain’s seven advanced gas-cooled reactor nuclear power plants, which are due to reach the end of their operational lives this decade.