Billionaire to invest £35bn in small modular nuclear reactors rollout across UK

The Guardian2 jul 2026Innovatie
Automatisch samengesteld met AI uit de vermelde bronnen

A consortium named SGE SMR, led by Michał Sołowow’s SGE, plans to deploy 14 GE Vernova Hitachi BWRX-300 boiling water reactors, each sized at 300 MW, at a per-unit cost of £2.2–2.5bn. It aims to secure three UK sites by mid-2027 and a contracts-for-difference support contract, targeting first generation in 2034, with an application submitted for the Oldbury site in Gloucestershire. Google Cloud is named as a potential datacentre co-investor of up to £4.5bn, though this is separate from the current nuclear proposal.