Rolls-Royce SMR has won the contract to build the reactors, which can be manufactured in a factory and transported to a site, making them easier and potentially cheaper to build than nuclear power stations.
Ministers are looking to minimise the reliance on Chinese financing for nuclear power stations and reports have claimed the effort to downscale the risk involved is aimed at attracting domestic backers.
A report by MP Chris Skidmore, to be launched on Tuesday and backed by former energy secretary Amber Rudd and Claire Perry, said the conference needs to"open its eyes to the combined value of nuclear and hydrogen as a complementary strategy alongside renewable energy". The Department for Business, Energy and Industrial Strategy said the investment into SMRs will go towards progressing phase two of its low-cost nuclear project to further develop reactor designs and see if they would be suitable for deployment in the UK.Rolls-Royce SMR estimates each SMR it builds could be capable of powering one million homes, equivalent to a city the size of Leeds.
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