Small Modular Reactors: Contracts
(asked on 6th February 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what contractual commitments they have made to the constructors of small modular nuclear reactors to date.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government has not made contractual commitments to the constructors of Small Modular Reactors (SMRs) and no SMR projects have yet reached Final Investment Decision (FID) or begun construction.
However, the Government has committed up to £385m for R&D through the Advanced Nuclear Fund, including up to £210m for Rolls Royce SMR Ltd, to develop further their design for one of the world’s first Small Modular Reactors.
In 2023, the Government intends to run a selection process to identify projects, including SMRs, that might reach FID in the next Parliament.