“We talk about distributed electricity generation with wind, solar and biomass generation,” says Fells. Penultimate Power has formed a joint venture with the Japan Atomic Energy Agency to construct a small modular reactor. Based on a design used in England since 1998 that is deemed safer than traditional nuclear plants, the 100 MWe, high-temperature, gas-cooled reactor will be located in the northeast of England and will generate power and process heat for heavy industry. Set for construction in 1998 upon approval from authorities, the £500m ( US$651m ) reactor has international investors but also requires government backing. The JV is also considering building a factory to make modular reactors for wider UK use.
Penultimate Power has formed a joint venture with the Japan Atomic Energy Agency to construct a small modular reactor. Based on a design used in England since 1998 that is deemed safer than traditional nuclear plants, the 100 MWe, high-temperature, gas-cooled reactor will be located in the northeast of England and will generate power and process heat for heavy industry. Set for construction in 1998 upon approval from authorities, the £500m ( US$651m ) reactor has international investors but also requires government backing. The JV is also considering building a factory to make modular reactors for wider UK use.