The European Commission launches the European Industrial Alliance on SMRs
February 08, 2024

The European Commission launches the European Industrial Alliance on SMRs

The European Commission has launched the European Industrial Alliance on Small Modular Reactors (SMRs) along with its press release "Communication on a recommended 2040 emissions reduction target". This Alliance, which paves the way for the deployment of SMRs in Europe, is possible thanks to the European SMR pre-Partnership Steering Committee and nucleareurope's Initiative Report on SMRs.

The goal of the European Industrial Alliance is to facilitate the development of SMRs in Europe by the early 2030s. It will also support concrete SMR projects in order to accelerate their deployment. According to the Commission, this Alliance will elaborate a Strategic Action Plan in order to identify, for example:

  • Technically mature and commercially viable SMR technologies that could be supported under the Alliance.
  • Potential gaps and solutions in the European supply chain for SMRs (including fuel and raw materials).
  • Investment barriers, funding opportunities and new financial blending options to support SMR development.
  • Future needs for research on SMRs and AMRs and identify existing skills gaps along the supply chain to be addressed under the Euratom Research and Training Programme, and at national level.
Advantages Small Modular Reactors

The goal of the Alliance is to facilitate the development of SMRs in Europe by the early 2030s

"The deployment of SMRs will bring significant benefits to Europe, including greater energy sovereignty, lower CO2 emissions, new jobs and economic growth", explains Yves Desbazeille, nucleareurope Director General.

According to the Commission’s press statement, the Industrial Alliance on Small Modular Reactors “is the latest initiative to enhance industrial competitiveness and ensure a strong EU supply chain and a skilled workforce”. Furthermore, the Communication indicates that the energy sector is expected to be fully decarbonised just after 2040 thanks to all zero and low-carbon energy solutions, including nuclear.

Sources: European Commission and nucleareurope 

 

 

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