Six companies have been selected to advance in the Small Modular Reactor (SMR) competition.
The SMR competition aligns with the government’s strategic plan to revitalise nuclear power.
The government’s ambition is to have up to a quarter of all UK electricity generated from nuclear power by 2050.
What sets SMRs apart from conventional nuclear reactors is their smaller size and factory-based production.
Experts say this technology has the potential to revolutionise power station construction by making it faster and more cost-effective.
The government and Great British Nuclear, a government-backed entity driving nuclear projects, believe that the designs chosen in this phase exhibit the highest capability to deliver operational SMRs by the mid-2030s.
The next stage of the competition will be launched promptly, enabling successful companies to bid for government contracts.
The goal is to announce government-supported companies in Spring 2024, with contracts awarded by Summer 2024.
Energy Security Secretary Claire Coutinho said: “Small Modular Reactors will help the UK rapidly expand nuclear power and deliver cheaper, cleaner and more secure energy for British families and businesses, create well-paid, high-skilled jobs and grow the economy.
“This competition has attracted designs from around the world and puts the UK at the front of the global race to develop this exciting, cutting-edge technology and cement our position as a world leader in nuclear innovation.”