SMR Mini-Nuclear Plants Could Produce Cheap Energy

This morning Policy Exchange hosted an event about small modular reactors (SMRs) – the technology is derived from nuclear-powered submarine systems. A consortium led by Rolls Royce is pushing the idea of using new nuclear technology scaled down to a fraction of the size of older plant designs. The mini-plants would be made in factories to be re-assembled on site much more quickly and cheaply than large-scale projects like HinkleyRolls-Royce reckons the global export market could be worth as much as £400 billion for the made-in-Britain technology.

The report claims that the mini-plants would produce power at £60/MWh, which is far more competitive than the £92/MWh strike price guaranteed to Hinkley by George Osborne. It is clear that as old power stations are decommissioned Britain is going to need to replace them – wind is too intermittent to make up for the loss of capacity – nuclear is going to have to be part of the energy supply mix. Hinkley type technology is just too expensive.

Download the report Small Modular Reactors.




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Quote of the Day

Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

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