Small Modular Reactors: Finance
(asked on 6th February 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what is the economic case for small modular nuclear reactors compared with alternative options for achieving net zero.
Answered by
Lord Hunt of Kings Heath
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 20th February 2025
The Government is clear that nuclear power is and will continue to be an essential part of our journey to net zero by 2050, in combination with other low carbon and renewable technologies. Great British Nuclear is pushing forward with its SMR competition for UK deployment with final decisions to be taken this spring. The economic case for SMRs would be factored into any investment decision into the technology.