More jobs round the ring roadUK poised to confirm funding for mini nuclear reactors for carbon-free energy - Guardian
The government is poised to approve funding for a fleet of Rolls-Royce mini nuclear reactors that the prime minister hopes will help the UK reach his target of zero-carbon electricity by 2035.
A consortium led by the British engineering firm had already secured £210m in backing from private investors for the small modular reactor (SMR) project, a sum that the government is expected to match or better. Confirmation is expected before the spending review on 27 October, according to well-placed sources.
The consortium, known as UK SMR, will rebrand as Rolls-Royce SMR to coincide with Westminster’s blessing.
Tom Greatrex, the chief executive of the Nuclear Industry Association (NIA), said: “Match-funding for Rolls-Royce would be a huge signal to private investors that the government wants SMRs alongside new large-scale stations to hit net zero. It would also show investors that the government believes in nuclear as a green technology.”
Hat tip to @endure for the link.