The European Commission has cleared a €300m ($320m) support scheme by the French state for small modular reactor developer Nuward, a statement by the European Union executive said.
The commission said support will take the form of direct grant of up to €300m to cover the research and development for the front-end design related to the SMR project until 2027.
Nuward will be a Generation III pressurised water reactor plant combining two 170- MW reactor modules for a total output of 340 MW. One of the main characteristics of the plant will be the integration of proven pressurised water reactor technology into a compact modular configuration.
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