A UK nuclear technology company says it has has teamed up with the Japanese Atomic Energy Agency to develop plans for advanced nuclear technology that could be operational in Britain by 2029 with 20 units following every year from early 2030s.
Candida Whitmill, managing director Newcastle-based Penultimate Power said the Generation IV high temperature gas-cooled reactor (EH HGTR) it is developing with the JAEA is aimed at industrial clusters. Penultimate Power claims the first unit will cost in the region of £100m, with reductions for future units.
The UK recently opened up its nuclear generic design assessment to advanced nuclear technologies. Penultimate Power is aiming to be the first to register with the new licencing regime with the EH HTGR.
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