News
U-Battery comment on Expert Finance Working Group report on financing small nuclear
08 August 2018
U-Battery read with interest yesterday’s report from the Expert Finance Working Group and will be reviewing the recommendations in detail.
In June, U-Battery successfully progressed to phase one of the UK Government’s Advanced Modular Reactor Programme.
During phase one of that programme we will produce a feasibility study which will make the commercial and technical case for U-Battery.
We are delighted at the Government’s show of support for advanced modular technologies and look forward to demonstrating how U-Battery can help to address energy and decarbonisation challenges in the UK and overseas.
About U-Battery
U-Battery is an advanced/small modular reactor, capable of providing a low-carbon, cost-effective, locally embedded and reliable source of power and heat for energy intensive industry and remote locations. It is being developed by Urenco in collaboration with a number of supporting organisations and has received funding from the UK Department of Business, Energy and Industrial Strategy's Energy Innovation Portfolio.
