ARC selected by U.K Department of Business, Energy and Industrial Strategy to receive contract and grant to demonstrate the feasibility of its ARC-100 advanced SMR
SOURCE: U.K. DEPARTMENT OF BUSINESS, ENERGY AND INDUSTRIAL STRATEGY (BEIS)
Announcement of New Deal with Industry to Secure UK Civil Nuclear Future and Drive Down Cost of Energy for Customers
London, United Kingdom – Advanced Reactor Concepts, LLC (ARC) is pleased to announce that the U.K. Department of Business, Energy and Industrial Strategy (BEIS) selected ARC to receive the award of a contract and grant. The grant will fund ARC’s proposal to provide documentation intended to demonstrate the technical and business feasibility of the ARC-100, a sodium cooled nuclear power plant, and its licensability under U.K. nuclear safety regulations.