The European Commission has formally announced the creation of an Industrial Alliance dedicated to Small Modular Reactors (SMRs). It will focus on accelerating the deployment of these technologies and ensuring a strong EU supply chain, including a skilled workforce, Nucleareurope explains in its press release.
The four areas of the Alliance
This Alliance dedicated to SMRs is expected to focus on four key areas:
- Incentivising the market: addressing the needs of energy-intensive industries and the solutions which SMRs can bring.
- Financing of SMRs: looking at cost-sharing options as well a financial support for individual projects.
- Ensuring that the nuclear industry is well-equipped: this includes strengthening education & training to ensure a skilled workforce and upscaling the involvement of the EU supply chain in the development of SMRs.
- Support for innovation, research & development (I,R&D): identify what the needs are in order to establish relevant I,R&D programmes and facilities.
The new Alliance dedicated to SMRs will focus on four key areas covering incentives, finance, equipment and support for innovation, research and development
Yves Desbaizelle, Director General of Nucleareurope, indicated that SMRs are expected to "bring many benefits to the EU as a whole in terms of helping to decarbonise hard-to-abate sectors, as well as creating jobs and generating economic growth in the EU."
Small Modular Reactors are expected to bring many benefits to the EU, including decarbonisation, job creation and economic growth