The Rolls-Royce design of the Small Modular Reactor (SMR) will be approved by British regulators by mid-2024 and is likely to be able to produce grid power by 2029. Stein told Reuters.
The UK government has urged nuclear regulators to support Rolls-Royce’s $ 546 million funding round in November and begin the approval process in March to develop the country’s first SMR reactor. bottom.
Policy makers hope that SMRs will help reduce their reliance on fossil fuels and reduce carbon emissions.
“The regulatory process has begun and is likely to be completed by mid-2024,” Stein told Reuters in a de facto interview.
“We are working with the UK Government and other governments to open orders, which will allow us to power the grid by 2029.”
Meanwhile, Rolls-Royce will begin manufacturing parts with designs that are unlikely to change, Stein added.
Each 470 MW (MW) SMR unit costs £ 1.8 billion ($ 2.34 billion) and will be built on 10 acres of approximately 10 soccer field sizes.
Unlike traditional reactors, SMRs are cheap, fast to manufacture, and can be deployed on ships and aircraft. Their “modular” form means that they are shipped from the factory in containers and can be installed relatively quickly at the proposed site.
($ 1 = 0.7676 pounds)
Isabelle Kua
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