The European nuclear industry has broadly welcomed the European Commission's first dedicated strategy for small modular reactors (SMRs) released earlier this week but said the financial commitments behind it are not enough to turn plans into projects.
The strategy, published on 10 March alongside a speech by Commission president Ursula von der Leyen at the Nuclear Energy Summit in Paris, sets out a nine-point plan to move SMRs from development to commercial deployment in Europe by the early 2030s.
It includes proposals for cross-border regulatory cooperation, supply chain development and a proposed €200m ($232m) InvestEU guarantee for first commercial units of innovative nuclear technologies.
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