News
U-Battery supportive of federal government’s renewed commitment to climate action through clean energy funding
23 April 2021
This week, the Government of Canada tabled its first budget since the beginning of the COVID-19 pandemic, allocating considerable funding for various clean energy centric initiatives that align favourably with our objectives.
The budget includes an increase of $5 billion in funding over seven years for the Strategic Innovation Fund’s Net Zero Accelerator, and we are hopeful that SMRs like ours can benefit from this programme.
U-Battery will continue engaging the Canadian government to ensure that its commitment to the nuclear energy sector remains strong and that SMRs can play a key role in Canada’s economic recovery efforts as well as in the country’s fight to mitigate climate change.
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.
