Firms handed £18m for mini nuclear power stations

Aaron Morby 1 week ago
Share

A consortium including BAM Nuttall and Laing O’Rourke has netted Government match funding to develop the next generation of compact nuclear power stations.

The new small-scale power stations are being designed to be manufactured in sections in regional factories, before being transported to existing nuclear sites for rapid assembly inside a weatherproof canopy.

This would slash costs by avoiding weather disruptions and secures gradual efficiency savings by using streamlined and standardised manufacturing processes for its components.

The radical energy proposals are being worked up to help meet the Government’s 2050 net zero-carbon target.

The Government’s UK Research and Innovation will provide £18m of match funding to the consortium of companies designing the new nuclear reactors.

Firms involved include: Assystem, BAM Nuttall, Laing O’Rourke, National Nuclear Laboratory, Rolls-Royce, Atkins, Wood, The Welding Institute and Nuclear AMRC.

The consortium ultimately aims to generate a joint investment of £500m focused on designing a first-of-its-kind small modular reactor, which would form the core of the new compact plants.

The government hopes to have a working model of a compact nuclear plant up and running by the early 2030s

By 2050, a full programme of 16 power stations could create 40,000 jobs and add £52bn of value to the UK economy, the government added.

Each power station will be able to operate for 60 years and provide 440MW of electricity, which is enough to power a city the size of Leeds.

The shared initial investment will be used to prepare for the UK’s regulatory Generic Design Assessment process and make final decisions on which innovations to pursue.

Paul Stein, chief technology officer for Rolls-Royce, which leads the consortium, said: “Tackling climate change requires collaboration across industries and governments to find effective, affordable and sustainable ways of achieving net-zero by 2050.

“The consortium’s work with the Government shows that action is being taken to decarbonise our economy and meet our society’s vital and growing power needs. This is a very positive step forward to this next phase of the programme.”

Latest news

Interserve restructure paves way for possible break-up

Chief executive Debbie White to step down by end of December
7 hours ago

Kier Chief Operating Officer leaves as cost cuts continue

Claudio Veritiero joins 1,200 staff set to go by next June
7 hours ago

Eurovia trials robo-cars to ferry tools to highways sites

Driverless delivery vehicles will also survey road conditions as they go
8 hours ago

PDR Construction starts Arco HQ in Hull

£16m project marks major milestone in £80m waterfront regeneration
9 hours ago

Plan in for £365m Salford Cotton Quay scheme

Cotton Quays will include 37 and 48-storey buildings
16 hours ago

Crossrail traffic marshall threatens passer-by and kids

Bond Street station subcontractor sacked after confrontation with public
8 hours ago

Multiplex Europe chief Ashley Muldoon exits

Muldoon steps down after 22 years in top management shake-up
1 day ago

New-build housing completions top 200,000

Completions rise to the highest level since the 1980’s
1 day ago

Interserve chalks up 15th school project this year

Specialist needs school to be built in Oldham
1 day ago

Styles & Wood chiefs leave the business

CEO Tony Lenehan and finance boss Phil Lanigan depart
1 day ago

Commonwealth Games aquatic centre cost soars by 20%

Wates to start building work in January after £73m budget sign-off next week
1 day ago

New safety template in fight to prevent falls on site

New industry-standard guide launched: Download free now
1 day ago

Carillion liquidator to clawback £510m

Financial watchdog to consider whether to take action over conduct of directors in March
2 days ago

Graham wins £26m Poynton relief road

Main works on 3km Cheshire road to start next May
1 day ago

Interserve hires new construction commercial director

Ben Edwards takes up new role after seven years in Middle East
2 days ago

Developer fined £600,000 for white finger outbreak

Groundworkers suffer Hand Arm Vibration Syndrome on Places for People sites
1 day ago

Balfour tops October contracts league after road win

Morgan Sindall unseats Kier with the highest value of orders over last 12 months
3 days ago

British Land makes £200m profit on luxury Mayfair flats

Developer hails "highly successful" Clarges scheme
2 days ago

Network Rail plans Dragons’ Den to drive SME innovation

Rail infrastructure on track to deliver a third of spending via SMEs by 2022
2 days ago

Plans go in for 20-storey Bolton tower

Seddon lined-up as main contractor for major mixed-use scheme
2 days ago

Groundworker engulfed in flames after cable strike

Court hears how contractor failed to identify cables on car park site
2 days ago

Galliard to start luxury apartments above Crossrail station

Go-ahead for £140m residential scheme above delayed station
3 days ago

Co-op signs new maintenance deal for all stores

Trio of winners for five-year deal covering 3,500 food stores and funeral homes
3 days ago

Boost your online presence – join the Enquirer Directory

Site for suppliers and buyers showcases products, services and latest stories
2 years ago

Oakervee review backs full HS2 project

Leaked report floats idea of re-procuring contracts for best value
3 days ago

More than 200 hotels planned in London

Hotel building boom fuelled by Brexit-related fall in sterling
3 days ago

VolkerWessels to be taken private in buyout

Major shareholder makes offer for rest of business
3 days ago

Marcus Worthington went down owing £9m to subbies

Supply chain suffers again in latest administration fall-out
3 days ago

Kier Construction regional MD joins developer

Steve Creswell joins Sussex house builder Thakeham Group
3 days ago

Network Rail extends Ganymede labour supply deal

Derby-based labour supply agency has over 1,000 workers on the railways
3 days ago

Contractor services