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<p>Government recognises the potential long-term value of small modular reactor (SMR)
technology. To explore this potential Government commissioned a feasibility study
to assess the technical, economic and commercial case for SMRs. This study, led by
National Nuclear Laboratory, was published in December 2014.</p><p> </p><p>In order
to further assess the benefits and risks of SMR deployment a more detailed techno-economic
assessment of SMRs was commissioned in 2015. The techno-economic assessment of SMRs,
alongside engagement with industry, is being used to inform policy development.</p><p>
</p><p>In addition BEIS commissioned a study on micro reactors (2016) and a SMR cost
reduction study (2017).</p><p> </p><p>Government expects to make further announcements
on the next steps for SMRs, including publication of the techno-economic assessment,
in the coming months.</p>
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