\n The European Commission has approved a \u00c2pound 300 million French measure to support Electricit\u00c3\u00a9 de France’s (EDF) subsidiary Nuward in researching and developing small modular nuclear reactors (‘SMRs’), in accordance with EU State aid rules.<\/p>\n
This initiative aligns with the objectives of the European Industrial Strategy and the European Green Deal, as highlighted in the Commission’s statement on Friday.<\/p>\n
The project aims to develop simple and modular processes for designing and constructing small modular nuclear reactors (SMRs) with a power output of 300 MWe or less. This is the third phase of Nuward’s overall project, which has five phases. In December 2022, the Commission approved a \u00c2pound 50 million French measure to support the second phase of the project, focused on gaining new knowledge for SMR design and construction.<\/p>\n
The aid will be issued as a direct grant of up to \u00c2pound 300 million, funding the Research and Development project until early 2027.<\/p>\n
The Commission acknowledged the potential role of
\nSMRs in meeting the energy and climate goals outlined in the European Green Deal. In its February 2024 recommendation for a 2040 emission reduction target, it emphasized the necessity of zero and low-carbon solutions to achieve the EU’s climate neutrality objective by 2050.<\/p>\n
The Commission is creating a new European Industrial Alliance to speed up the development, testing, and use of SMRs in Europe by the early 2030s. They’ve just put out a call for members to join.<\/p>\n
Source: Kuwait News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Commission has approved a \u00c2pound 300 million French measure to support Electricit\u00c3\u00a9 de France’s (EDF) subsidiary Nuward in researching and developing small modular nuclear reactors (‘SMRs’), in accordance with EU State aid rules.<\/p>\n
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