John Wood Group has launched an investment fund to help small businesses to develop nuclear decommissioning technology. The FTSE 250 engineering and support services provider said it would back individual projects with up to £250,000 of investment. Wood outlined how it was particularly keen to find ways to minimise human intervention in the dismantling process. Other areas it was keen on included improving productivity and optimising ways of treating waste. The nuclear decommissioning market is worth £6 billion globally and spending is likely to increase as many facilities will reach the end of their active life over the next 20 years. Bob MacDonald, chief executive of specialist technical solutions at Wood, said: “The government and nuclear decommissioning authority wants industry to deliver safer, cheaper and fa ster decommissioning. To meet this challenge, it will be necessary to deploy new or existing technologies in ingenious and innovative ways.”
Times 22nd June 2018 read more »
Energy Voice 22nd June 2018 read more »
