The power station’s compact size makes it suitable for a variety of applications, helping decarbonise entire energy systems. Each power station can supply enough reliable low carbon power for around one million* homes, or be used to power net zero hydrogen and synthetic aviation fuel manufacturing facilities, desalination plants or energy intensive industrial sites.
Tom Samson, Chief Executive Officer of the UK SMR consortium, said: “Nuclear power is central to tackling climate change, securing economic recovery and strengthening energy security. To do this it must be affordable, reliable and investable and the way we manufacture and assemble our power station brings down its cost to be comparable with offshore wind at around £50 per megawatt-hour.
“As we reach the end of our first phase, I’m proud that our team has designed a product that can be commoditised to provide the scale required to be a key part of the world’s decarbonisation efforts.
“We are ready to go and hope to be first in line to start the rigorous Generic Design Assessment process in the Autumn of this year.”
In the UK alone the power station programme is forecast to:
create 40,000 regional UK jobs by 2050
generate £52 billion of economic benefit
have 80% of the plant’s components sourced from the UK
target an additional £250 billion of exports – memoranda of understanding are already in place with Estonia, Turkey and the Czech Republic
cost initially c.£2.2bn per unit dropping to £1.8bn by the time five have been completed
operate for at least 60 years
The design, which will be finalised at the end of the regulatory assessment process, proposes that all used fuel will be stored on each site for the lifetime of the plant.
The power station’s design cuts costs by using standard nuclear energy technology used in 400 reactors around the world, so no prototyping is required. The components for the power station are manufactured in modules in factories, before being transported to existing nuclear sites for rapid assembly inside a weatherproof canopy. This replicates factory conditions for precision activities and further cuts costs by avoiding weather disruptions. The whole sequence secures efficiency savings by using streamlined and standardised processes for manufacturing and assembly, with 90% of activities carried out in factory conditions, helping maintain extremely high quality. In addition, all spoil excavated will be reused on site to build the earth embankment, removing the need for it to taken off site, reducing road journeys that are both financially and environmentally costly.
The consortium members feature the best of nuclear engineering, construction and infrastructure expertise in Assystem, Atkins, BAM Nuttall, Jacobs, Laing O’Rourke, National Nuclear Laboratory, Nuclear Advanced Manufacturing Research Centre, Rolls-Royce and TWI. Consortium colleagues have worked in integrated teams – remotely during Covid – across all aspects of the first phase of the programme to progress the design and ensure innovations were targeted only at elements of the power station that would drive down costs.
The power stations will be built by the new UK SMR business, before being handed over to be operated by power generation companies. In November 2020 the consortium signed a Memorandum of Understanding with US giant Exelon Generation to pursue the potential for Exelon Generation to operate compact nuclear power stations both in the UK and internationally.