Cyprus Mail
BritainBusinessEnergyInternational

Rolls-Royce asks to submit mini nuclear technology to Britain’s regulator

rolls royce nuclear

Rolls-Royce (RR.L) has asked Britain’s government for clearance to begin the 4-5 year long process of seeking regulatory approval for its small modular nuclear reactor, it said on Wednesday, the first step towards commercializing the technology.

Britain earlier this month backed a $546 million funding round at the company to develop the country’s first small modular nuclear reactor (SMR), in a drive to reach net zero carbon emissions and promote new technology with export potential.

“This is an important moment for the nuclear industry, as a UK SMR reactor design enters the initial process for regulatory approval for the first time,” Helena Perry, Regulatory and Safety Affairs Director at Rolls-Royce said in a statement.

All new nuclear power projects need approval from Britain’s Office for Nuclear Regulation (ONR) through its Generic Design Assessment which is expected to take 4-5 years to complete.

Britain’s government must first give companies clearance to submit their designs to the regulator, a process that is expected to take up to four months before the formal review process can begin.

Related Posts

Tesla hit by new lawsuit alleging racial abuse against Black workers

Reuters News Service

WikiLeaks’ Assange lodges appeal against U.S. extradition

Palace meeting on energy crisis looks to longer-term solutions

Nick Theodoulou

Keve honours Kuwait ambassador in diplomat of the year awards

Kyriacos Nicolaou

Political and banking deadlock may plunge Lebanon deeper into crisis

Reuters News Service

Safe-haven demand knocks risk-sensitive British sterling

Reuters News Service