With a defined path forward in the UK, the prospects for global exports are enormous and the unique features of UK SMRs make them attractive low cost, deliverable and investable solutions in many countries looking to decarbonize their economies.
The total export potential by 2050 for the UK is expected to be at least £250 billion and possibly leading to further UK jobs.
Two new agreements have been announced this week, highlighting the power station’s international appeal. US power giant, Exelon Generation, has agreed to pursue the potential for it to operate compact nuclear power stations both in the UK and internationally. Czech Republic power entity CEZ, has signed up to see how it could be used in its domestic programme. Turkey is also currently working through a feasibility study for domestic use, as well as possible joint power station production, to underpin clean economic growth.
The current phase of the programme has been jointly funded by all consortium members and UK Research and Innovation.