The country is looking into proposals for small modular nuclear reactor technologies.
"It will need multiple, complementary nuclear power plant designs based on proven pressurized water reactor technology already operating ... to assure carbon-free energy security in ten years, and we have to start now.", London-based Balfour Beatty said it had reached an agreement with Hyundai Engineering and Construction and the British division of Jupiter, Florida.-based nuclear energy company Holtec International.
"Our partnership will build on our long-standing experience and expertise in delivering nuclear projects and will ultimately support the U.K.'s transition towards a Net Zero future." Additionally, they will also "jointly develop a cost estimate for [the] deployment of the SMR-160 in the U.K. based on Holtec's standard design."
"This is part of the process to build the first of at least three factories that will manufacture components for a fleet of small modular reactors and will present an incredible opportunity for a region of the U.K.," said Tom Samson, SMR Chief Executive at Rolls-Royce.