Privately Financed Nuclear Project Advances in the UK

A US start-up has formally entered the running to build four micro-nuclear plants in South Wales without a dime from the taxpayer. Washington-based Last Energy on Monday announced confirmation from the Office for Nuclear Regulation (ONR) that it had entered the nuclear site licensing process for the plans.

The ONR’s notice follows seven months of engagement and is a critical milestone in the company’s bid to build the 20 MWe microreactors. Last Energy’s proposals are the first privately financed project to be admitted into site…