LONDON, Jan 7 (Reuters) - Britain said it plans to spend 300 million pounds ($380 million) on a new programme to produce advanced nuclear fuel suitable for the next generation of power-generating reactors, seeking to dislodge Russia as the main international supplier.
Good. Europe (and the world) is too tied to natural gas an an energy source. Nuclear has the nice ability to scale out without us having to wait for energy storage tech that is still long off.
France is doing one better here though and actually building out the plants. They are a huge energy exporter to Europe, particularly Germany as they were forced to quickly get themselves off Russian natural gas.
Good. Europe (and the world) is too tied to natural gas an an energy source.
Exactly. The £ 300 mill. investment is only for the Fuel development ( HALEU) of Small Modular Reactors. If UK can supply the fuel, it will benefit Europe too. They can energise up to 500K households.
“Such reactors are intended to be easier and cheaper to produce, avoiding the high costs and construction delays that have led to a decades-long stagnation in the expansion of global nuclear power capacity.”