Poland-based SGE plans to build a fleet of 14 small nuclear reactors at a total cost of £35 billion ($46.5 billion), it said on July 2, targeting power from the first project by 2034.
Britain has backed the development of small modular reactors (SMRs) to help to increase energy security and meet climate targets, launching an Advanced Nuclear Framework this year to support development of privately funded projects.
SGE plans to host six 300 megawatt reactors at its first site, with two further sites accommodating four units each, capable of producing a total of 4.2 gigawatts, enough electricity to power about eight million homes.
SGE is also planning to build a large fleet of SMRs in Poland.
