Experts from the finance, nuclear, construction and manufacturing sectors assembled earlier this month at the Manufacturing Technology Centre (MTC) in Coventry “to explore taking smaller nuclear reactors from concept to construction”. Around 200 delegates from across the UK discussed the commercialisation of small modular reactors that could “radically reduce the costs associated with the nuclear sector”. The first such reactors could be built as soon as 2030, with potential for exports world-wide. To help commercialise these “revolutionary reactors”, Nuclear Energy Minister Richard Harrington announced a number of crucial steps, including: inviting developers to submit design proposals to identify potential risks; reducing investment risks for potential backers; setting out a how a £32 million Advanced Manufacturing and Construction Programme would allow companies to bid for funds to test new technologies; and ironing out potential flaws before production “starts at scale”.
Machinery Market 29th Nov 2018 read more »