The CBI has demanded progress on small nuclear reactors and a controversial new way for financing large-scale developments. At the launch of “The low-carbon 2020s: A decade of delivery” report, CBI director general Carolyn Fairbairn, said the business organisation believed a Regulated Asset Base (RAB) model “could be the answer” to replacing the UK’s ageing nuclear fleet. And she also called on the Government to identify sites for Small Modular Reactors (SMRs) and put in place regulatory processes to ensure the technology to be deployed by the 2030.
NW Evening Mail 5th Nov 2019 read more »
Carlisle News & Star 5th Nov 2019 read more »
Today UK Research and Innovation (UKRI) has confirmed it has provided initial match funding to the consortium of companies designing a new type of nuclear power station in the UK. The initial joint investment of £18million from UKRI will be matched by nuclear, civil engineering construction and manufacturing industry firms, who have been working on the preliminary design for four years. The power station is a compact design, the components for which are manufactured in sections in regional UK factories, before being transported to existing nuclear sites for rapid assembly inside a weatherproof canopy. This cuts costs by avoiding weather disruptions and secures gradual efficiency savings by using streamlined and standardised manufacturing processes for its components.
Rolls Royce 5th Nov 2019 read more »