A consortium led by British engineering company Rolls-Royce has secured a commitment from the government to invest in the development of small nuclear modular reactors (SMRs) for commercial use. The UK aero-engine maker said that the development of small nuclear reactors could boost British exports. The initial investment of £18m is expected to allow the consortium to develop and improve the design of the reactors. The move is subject to a final sign-off and will require substantial additional investment before the reactors can become commercially available. The consortium said that the design will bolster the UK’s ambitions to tackle climate change whilst creating an estimated 40,000 jobs. It said that the funding will reinvigorate the country’s advanced manufacturing base and generate export revenues.
Power Technology 24th July 2019 read more »
South Korea’s Doosan Heavy Industries & Construction (DHIC) yesterday signed the ‘business collaboration agreement’ with US small modular reactor developer NuScale Power for supply of NuScale Power Modules and other equipment. Doosan also signed the ‘unit purchase agreement’ through which it will make a cash equity investment in NuScale with Korean financial investors.
World Nuclear News 24th July 2019 read more »