In the second instalment of the Nuclear Option series, Prime Minister Rishi Sunak’s government is suddenly ready to shower billions of pounds on getting modular nuclear reactors up and running by the early 2030s.
unlikely to ensure Britain has uninterrupted baseload power, the official goal is to get 24 gigawatts of nuclear energy onstream by 2050 – up to a quarter of British power demand, up from 15 per cent now.But hefty new gigawatt-scale nuclear power stations are struggling to get off the ground, so the government’s hopes are increasingly pinned on an early lift-off for small modular reactors .
“It is public policy that has driven it, basically because the infrastructure is so big and capital-intensive.” There would be up to £20 billion in subsidies, if needed, to get between five and eight SMRs up and running by early next decade, and about £160 million in grants to keep R“I look forward to seeing the world-class designs submitted from all around the world through the competitive selection process, as the UK takes its place front and centre in the global race to unleash a new generation of nuclear technology,” energy minister Andrew Bowie trumpeted.
GE Hitachi is Rolls-Royce’s main rival. Media reports say it already has a BWRX-300 under construction and regulatory review in Canada, a.nd its model is under consideration in the US. The company claims to be the only contender with a realistic shot of getting an SMR operational by 2030.The two are very likely to feature on Great British Nuclear’s short-list, which will be compiled by the end of the year. Other contenders could include Nuscale and Westinghouse.
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