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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.

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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 Jacobs, Kinectrics and Laing O’Rourke and has received funding from the UK Department of Business, Energy and Industrial Strategy's Energy Innovation Portfolio.

Jayne Hallett, Urenco

T: +44 (0)1753 660660
E: enquiries@u-battery.com

Evan Byrne, Madano (UK)

T: T: +44 (0)20 75934009
E: evan.byrne@madano.com

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