Westinghouse Electric Company has signed an agreement with Community Nuclear Power (CNP) that could lead to the deployment of the UK’s first privately financed small modular reactor (SMR) fleet using Westinghouse’s AP300 reactor technology.
Commercial operation is expected by the early 2030s, the companies said.
Westinghouse said the agreement puts it on track to deploy the UK’s first privately-financed SMR fleet and is a significant step in making this new energy sector a reality.
The company said on social media it had d also “secured an agreement” for the site. “This means the component parts and agreements needed to make this ground-breaking proposition happen – land, capability, technology, private capital funding, and community demand – are in place,” it said.