Generation IV nuclear power plant developer newcleo is aiming to commission a 30 MW demonstrator and pilot nuclear power plant for innovative fuels by 2030.

The company, which has facilities in London, England and Lyon, France, said it is planning a “major investment” of €3bn ($3.2bn) to build the plant in France.

According to Newcleo chairman and chief executive officer Stefano Buono, France is “on the cusp of a nuclear renaissance” thanks to the efforts of the French authorities and president Emmanuel Macron. He said: “The French government has demonstrated a strong commitment to the nuclear industry.”