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GE Hitachi Nuclear Energy has submitted a Generic Design Assessment entry application for its BWRX-300 small modular reactor to the UK Department for Business, Energy and Industrial Strategy. Meanwhile, Holtec International said it intends to soon submit an application for its SMR-160 design.
The Nuclear Act enables the Secretary of State to designate a ‘nuclear company’ to qualify it to potentially benefit from a RAB model with respect to…
As we discussed in our earlier Article, the Nuclear Energy (Financing) Act, 2022 (the “Nuclear Act”) enacted by the UK Government on 31 March 2022 aims to promote the regulated asset...
US and Canadian Nuclear Utilities Partner on SMRs
The chairman of Rolls-Royce SMR, Paul Stein, has told the Reuters news agency he hopes to get regulatory approval for its small modular reactor design by mid-2024, with grid power able to be produced by 2029.