The Rolls-Royce can be built at £4250/kW, as opposed to £3150 for GE Hitachi. GE Hitachi is offering the UK its 300 megawatt BWRX-300 model, which could eventually be built for as little as $4,000 per kilowatt, or £3,150, according to Jay Wilman, CEO. GE-Hitachi, a joint venture between the Japanese company Hitachi and the American player General Electric.
Given General Electric's experience in nuclear power dating back to the 1950s, “We're not new to the industry,” he said in an interview.
Once the prototypes were built, the company could see ” the price is only in the region of 4000-5000 dollars per kilowatt.”
He added that the government should consider the project of his business, since it is based on existing technology that the company has been using for many years.
Small Modular Reactors or SMRs are considered by the government as a key new technology. for decarbonization of electricity because they can be produced on a factory production line, which is much cheaper than standard plants.
The next nuclear power plant to be commissioned in the UK, Hinkley Point C, will cost the same as how many pounds sterling. 32.7 billion for 3,200 megawatts, or £10,200 per kilowatt.
Is nuclear power green?
Earlier this year, GE Hitachi signed an agreement to build the first small modular reactor in North America, agreeing a deal with Ontario, Canada that outpaced many competitors.
Others in the US, however, are catching up. Recent regulatory approval from Washington has made NuScale, a startup with a new reactor design, the market leader.
Mr. Wilman is eager to get permission to build reactors at Wylfa on Anglesey, where he believes can accommodate 16 reactors. units.
The UK is an attractive market for GE Hitachi due to its long history of nuclear power and its goal of building new power plants, he said, adding that the UK's plans to get an additional 24 gigawatts from the power source by 2050 fit well with the company's own schedule. .
Mr Weilman said: “We look at the UK and see something that delights us.
“We need to have the right cost structure and we need to fit our schedules too . That is what we are doing now.”
Hinkley Point C is the next nuclear power plant to come online in the UK. Photo: Kin Cheung/AP. the official launch will take place on July 13.
Ministers have hired financial advisers to help draw up the final list of mini-nuclear projects as the government ramps up plans to green-light next-generation reactors.
Grant Shapps, Energy Secretary, has engaged consultants from Deloitte to advise GBN on the competition.
They will assess the viability of bidders' financial strategies, including their funding plans and credit ratings, and lead the development of a financial support package for successful applicants.
Potential bidders are expected to include Bill Gates' TerraPower, Mitsubishi Heavy Industries and Westinghouse Electric, as well as Rolls and GE-Hitachi.
The government has been approached for comment. Rolls declined to comment.
Recent Comments