The chief at the UK’s consortium behind SMR nuclear reactors says the Hitachi blow is not the “end of the road” for Wylfa – but warned the funding model had to change. Hitachi announced last September they were withdrawing as investors in Wylfa Newydd and this month pulled the plug on the planning application for the £16bn plant. Talks had been taking place with potential new investors but it is understood none of these have moved close to any concrete offer. But the Interim Chief Executive Officer at UK SMR Consortium Tom Samson spoke to Business Live and gave the message that the site itself remains very much on the agenda for SMR. UK SMR aims to accelerate deployment of a fleet of small modular reactor power stations across the UK and is led by Rolls-Royce. He said: “Nuclear can absolutely play a huge role on Anglesey – this is the end of the road for Hitachi but not the end of the road for Wylfa. This remains a good site for nuclear in the UK. Wylfa can be part of the nuclear future in the UK.” But he said this latest failure showed that the way schemes are funded had to change. He has first-hand experience as chief executive of NuGen – which saw its nuclear scheme at Moorside in Cumbria halted when Japanese multinational Toshiba withdrew support.
Daily Post 3rd Feb 2021 read more »