Hi {subtag:name|part:first},
With the global Small Modular Reactor industry set to be worth up to £400 billion by 2035, there is considerable opportunity for the international supply chain to win contracts within the next generation of nuclear energy.
With the UK needing as much as 7GW of power from SMRs, U-Battery, NNL, University of Cambridge and ETI sat down to discuss the primary challenges to the commercial deployment of SMR’s within the UK market.
Here’s just a quick snapshot of what they discussed:
- “Development and manufacture of these technologies in the UK will deliver value in terms of intellectual property, highly-skilled jobs and supply chain opportunities.” – Paul Harding, U-Battery
- “A decision is required now whether to begin 10 years of enabling activities which would lead to a final investment decision for a first commercially operated UK SMR.” – Mike Middleton, ETI
- “The international market could be as high as 85GWe by 2035, with a potential value of up to £400 billion, including existing and new nuclear nations.” – Andrew Sherry, NNL
I would love to hear any comments or questions you have on the SMR industry within the UK.
Many thanks,
John
John Furness
Senior Industry Analyst| Nuclear Energy Insider
jfurness@nuclearenergyinsider.com
+44 (0)207 375 7528
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