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SMR challenges can be overcome together, conference hears
09 September 2025 Global NewsUrenco’s CEO Boris Schucht said that ‘as an industry, we have the momentum and it’s good to be agile, but we must not overpromise’.
Boris was speaking at an Executive Plenary panel on September 4 concerning nuclear entering new markets.
He highlighted the need for mass production of SMRs and better licensing processes to enable this new market but said the fuel cycle would be ready.
Additionally, he said collaboration in the industry was key and that the challenges ‘are too big for any country or company alone to overcome’.
You can watch Boris speaking to American network CNBC in the fringes of the conference through this link.
Earlier, during the Symposium’s new Energy Summit on September 3, Urenco jointly presented the initial findings of an independent LucidCatalyst report on how SMRs could help meet industrial energy demand.
Head of Advanced Fuels, Commercial, Magnus Mori, explained how the highest demand would come from industries such as data centres, synthetic fuels for maritime and aviation, coal plant replacements and chemicals.
He was joined on stage by LucidCatalyst Managing Partner Kirsty Gogan.
Magnus stressed that ‘to deliver the energy needed to meet growing demand, nuclear needs to work across six key areas including more efficient manufacturing and licensing processes.’
The WNA Symposium took place in London from September 3 to 5 and Urenco was a silver level sponsor.
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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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