The UK government has announced Rolls-Royce SMR as the preferred bidder for the country’s first small modular nuclear reactors through a £2.5bn investment. This funding raises concerns of confusion between it and the Great British Energy initiative, which is directed towards renewable projects. Notably, the entire budget for SMRs will come from Great British Energy's larger £8.3bn allocation, leading critics to claim that it signifies a deprioritization of renewables in favor of nuclear. The intertwining of these budgets complicates public perceptions and governmental transparency regarding energy funding.
This week's announcement that Rolls-Royce SMR will build the UK's first small modular nuclear reactors raises concerns about the confusing overlap between nuclear and renewable energy initiatives.
The allocation of £2.5bn for SMRs, constituting 30% of Great British Energy's £8.3bn budget, brings ambiguity over government's commitment to renewables versus nuclear.
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