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Read our latest reportThe modular flexibility of Urenco’s advanced fuels’ operations was emphasised at the Nuclear Industry Association’s (NIA) Nuclear 2024 conference last week.
Head of Advanced Fuels – Commercial, Magnus Mori, told a panel on allied fuel supply that both supportive Government policy and customer contracts were key to standing up the developing market.
With regard to increasing the supply of high-assay low-enriched uranium (HALEU) when momentum picks up from reactor developers or utilities, he said: ‘Everything we build is highly modular at Urenco. The first cascade to be built in the UK (at Urenco Capenhurst) can be easily replicated. If the market expands, we can expand very quickly.”
Urenco is building Europe’s first commercial scale HALEU facility at Capenhurst as part of a co-investment with the UK Government. This fuel will help power the smaller, advanced reactors of tomorrow.
Ministerial keynote speech
Elsewhere at the London conference, Energy Secretary Ed Miliband lauded the success of the nuclear energy industry, and said it had a vital part to play in the future of the UK’s energy landscape. He said new nuclear was a “part of the economy we are trying to build”, explaining it wasn’t just about the energy itself, but growing jobs and building communities, such as at Sizewell C.
He additionally said he was “constantly struck” by the excitement around advanced modular reactors (AMRs) and the promise to decarbonise heavy industry. Mr Miliband said his “door is open and his department is listening” when it comes to new nuclear projects in the UK.
SMR potential
Separately, CEO of X Energy, J.Clay Sell, referenced the company’s recent deal with Amazon to provide SMRs to help power the tech giant’s operations, including artificial intelligence.
He said X-Energy wanted to work with more countries including the UK Government but “the opportunities have to be seized and seized relatively quickly.” He said clarity and certainty was needed from the UK Government in the first instance.
Changing the way nuclear is delivered
Meanwhile, the CEO of Great British Nuclear (GBN) Gwen Parry Jones, said the industry should now “embrace disruption” and reinvent itself to find new ways of building nuclear energy provision. This could mean anything from building power stations in fleets, new locations to regulations and new sources of finance. She added: “We need to think about micro grids.”
UK nuclear landscape update
Managing Director of EDF, Mark Hartley, told the conference there was a good technical case for a possible 20-year life extension to Sizewell B, from 2035 to 2055.
The decision to extend the lives of four Advanced Gas Cooled Reactors (AGRs) in the UK, would help to keep the UK’s nuclear energy output at a consistent level in the coming years. He added that more than 8,000 people had been trained at Hinkley Point C’s centre of excellence so far, and there had been a 25% growth in young people coming into the Somerset area to work on the new-build power station.
Separately, Managing Director of Sizewell C, Nigel Cann, said 2025 was a key year for the newbuild project in Suffolk, with a final investment decision hoped for from the Government.
He added that the ambition was to deliver Sizewell C with 20% increased productivity and 20% more efficiency than Hinkley Point C.
Annual Dinner 2024
Urenco attended the Annual Dinner 2024 after the conference, hosting a number of clients and partners.
Urenco shared a stage with big-tech companies DOW, Google and Amazon, as the large energy users signed a pledge to support the tripling of nuclear capacity globally by 2050.
Read more Urenco welcomes nuclear pledge from major companiesUrenco shared a stage with big-tech companies DOW, Google and Amazon, as the large energy users signed a pledge to support the tripling of nuclear capacity globally by 2050.
Read more Urenco welcomes nuclear pledge from major companiesSignificant order book increase in a growing market.
Read more Full year 2024 audited financial resultsSignificant order book increase in a growing market.
Read more Full year 2024 audited financial resultsAbout Urenco
Urenco is an international supplier of enrichment services and fuel cycle products with sustainability at the core of its business. Operating in a pivotal area of the nuclear fuel supply chain for 50 years, Urenco facilitates zero carbon electricity generation for consumers around the world.
With its head office near 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. Using centrifuge technology designed and developed by Urenco, and through 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 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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