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Britain Powers Up Future with Next-Gen Reactors
4 Feb
Summary
- UK government framework aims to speed up advanced nuclear reactor development.
- New reactors could power industries and the growing AI data center boom.
- Projects may seek investment from Britain's National Wealth Fund.
The UK government has unveiled a new framework designed to expedite the development of advanced nuclear reactors. This strategy aims to establish Britain as a global frontrunner in this cutting-edge technology. Nuclear power is seen as crucial for meeting climate targets and supplying clean energy to the expanding AI sector.
The framework will identify a pipeline of eligible projects, simplifying their progression through planning and regulatory processes. While private financing is essential, developers can explore government support and investment opportunities, including from the National Wealth Fund. This fund, established in 2024, is intended to stimulate economic growth and support the country's transition to net zero.
Advanced nuclear reactors utilize novel fuels and coolants, enabling higher operating temperatures. This capability makes them suitable for providing both electricity to AI data centers and industrial heat. Nuclear Minister Patrick Vallance highlighted the revolutionary potential of this technology for powering industries and supporting the AI data center boom.
