Nuclear power looks to shrink its way to success. New mini reactor designs offer lower cost and risk than conventional technology. Everything about nuclear energy seems terrifically big: the cost, construction and decommissioning — and the fears of something going badly wrong are big. Dozens of companies are working on a new generation of reactors that, they promise, can deliver nuclear power at lower cost and reduced risk. These small plants will be on average between 50MW and 300MW. A nuclear sector deal, unveiled last month promised up to #56m in funding for R&D into Advanced Modular Reactors. 8 companies attended a meeting in Birmingham last week after securing funding from the UK government. Among them was U-battery, a UK-based consortium that includes Urenco. Others included britain’s Moltex Energy, and Tokamak Energy, Sweden’s Leadcold and the US Advanced Reactor Concepts, as well as a consortium involving China’s Institute of Nuclear Energy Technology.
FT 25th July 2018 read more »