There is a possible lesson for the UK’s industrial policy to be garnered from its work to produce small modular reactors (SMRs), especially given the energy crisis prompted by Russia’s invasion of Ukraine. Rolls-Royce is hoping for big demand for the cheaper, factory-built reactors for smaller power stations to complement intermittent renewables. SMRs are a “niche, but it can be a fantastic niche”, East says. He sees the role of government as “the lubrication in the machine, the catalyst for … read more »
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