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Urenco successful in bid for development of advanced fuels
18 July 2023 Global NewsUrenco has been awarded £9.56 million in funding from the UK Government that will support the production of advanced fuels for the nuclear reactors of tomorrow.
The company received the funding from The Nuclear Fuel Fund, as part of the British energy security strategy, which is supporting the nuclear fuel supply chain to develop new capabilities to meet current and future fuel demand in the UK and worldwide.
Advanced fuels are required for the next generation of reactors coming to market, such as small modular reactors (SMRs) and advanced modular reactors (AMRs). Urenco has plans to develop new capabilities in enrichment and chemistry services supporting these fuels at its UK and USA sites, and work is ongoing.
The funding from the UK Government of £9.56 million will be used for the concept design of plants and processes supporting the further development of advanced fuels.
CEO of Urenco, Boris Schucht, said:
“Urenco is proud to be supporting the evolution of the nuclear fuel cycle to supply the next generation of reactor technology and this award marks a milestone in our journey.
“We have the knowledge, expertise and experience to play a leading role in this area, which will provide an enhanced service for our customers and make a positive contribution to net zero targets.
“The importance of government support for this new, incoming market cannot be underestimated, and I’m pleased our application was successful.”
In support of Urenco’s application, the company submitted detailed plans to the Nuclear Fuel Fund, the success of which underscores the importance of a domestic fuel supply in the UK.
Urenco is committed to supporting the Government’s ambition to increase civil nuclear generation to 24GW by 2050, which is approximately 25% of the UK’s electricity demands.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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