UK Government Selects and Cavendish Nuclear for First Advanced Modular Reactor Award from Future Nuclear Enabling Fund —
Summary
This funding supports the next step in the development of advanced modular reactors and shows our commitment to keeping the UK at the forefront of nuclear technology.We are delighted to receive this FNEF award from the Government. A fleet of Xe-100s can complement renewables by providing constant or flexible power and produce steam to decarbonise industry and manufacture hydrogen and synthetic transport fuels, said Mick Gornall, Managing Director of Cavendish Nuclear. Deployment in the UK will create thousands of high-quality, long-term jobs across the country.The FNEF is intended for potential nuclear projects with mature technologies that could be in a position to take a Final Investment Decision (FID) within the next parliament. It aims to help industry reduce project risks so they are better positioned for future investment decisions.X-energy and Cavendish Nuclear are proposing to develop a multi-billion pound 12-reactor plant at Hartlepool, to be ready by the early 2030s. The companies plan to build a fleet of up to 40 of the advanced small modular Xe-100 reactors in the UK, creating thousands of high-quality jobs in construction and operations.