Exclusive: Holtec seeks UK site for 600 mln pound small nuclear reactor factory [Reuters]
NuScale Power Corporation (SMR)
Company Research
Source: Reuters
million pound ($767.04 million) factory in Britain to build small modular reactors (SMR), its director told Reuters. As part of efforts to meet climate targets and boost energy security, Britain is seeking to increase its nuclear power capacity by 2050 to 24 gigawatts (GW), equivalent to about a quarter of projected electricity demand, from about 14% today. Large new nuclear projects with high upfront costs have struggled to attract financing and the government hopes some older plants could be replaced by a fleet of SMRs that can be made in factories with lower costs and faster construction. "Holtec will be investing approximately 600 million pounds in the construction, design and build of a new factory and production site over the next 15 years," Gareth Thomas, Director of Holtec Britain, said. Local authorities and businesses will be invited to submit expressions of interest to host the factory, outlining which sites could be available and how ready they would be for work to
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News
- Global Small Modular Reactor Market for Data Centers Industry Report 2024: A $278 Billion Market by 2028, Growing at a CAGR of 48.72% Driven by Burgeoning Demand for Energy Security and Sustainability [Yahoo! Finance]Yahoo! Finance
- NuScale Power to Hold First Quarter 2024 Earnings Conference Call on May 9, 2024Business Wire
- Seizing the New Nuclear Opportunity - Reuters Events: SMR & Advanced Reactor 2024 Returns to Atlanta in Just Three Weeks [Yahoo! Finance]Yahoo! Finance
- NuScale Power Shows Too Many Red Flags [Seeking Alpha]Seeking Alpha
- NuScale Power: Attractive, Yet High-Risk Nuclear Energy Business [Seeking Alpha]Seeking Alpha
SMR
Sec Filings
- 4/26/24 - Form DEFR14A
- 4/12/24 - Form DEF
- 4/11/24 - Form 8-K
- SMR's page on the SEC website