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.
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.”