LONDON, November 17th (Reuters) – Rolls-Royce (RR.L) has sought approval from the UK government to begin the 4-5 year regulatory approval process for its small modular nuclear reactor, it said on Wednesday, the first step in commercializing the technology.
The UK backed a $ 546 million round of funding to the company earlier this month to develop the country’s first small modular nuclear reactor (SMR) to achieve net zero carbon emissions and promote new technologies with export potential . Continue reading
“This is an important moment for the nuclear industry as a UK SMR reactor design is entering the initial regulatory approval process for the first time,” said Helena Perry, director of regulation and safety at Rolls-Royce, in a statement.
All new nuclear power projects require approval from the UK Office for Nuclear Regulation (ONR) through its Generic Design Assessment, which is expected to take 4-5 years.
The UK government must first authorize companies to file their designs with the regulator, a process that is expected to take up to four months before the formal review process can begin.
Reporting by Susanna Twidale; Arrangement by Emelia Sithole-Matarise
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