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UK and US to Sign Nuclear Pact to Fast-Track Reactors, Trigger Wave of SMR Deals

The partnership would let regulators use each other's safety assessments to cut licensing to about two years.

Overview

  • Centrica and X‑Energy plan up to 12 advanced modular reactors at Hartlepool, projected to power about 1.5 million homes and create as many as 2,500 jobs.
  • EDF, Holtec and Tritax outlined an approximately £11 billion project for SMR‑powered data centres at the former Cottam coal site in Nottinghamshire.
  • Last Energy and DP World intend to build a micro modular plant to supply clean power for the expansion of London Gateway, backed by £80 million in private investment.
  • Urenco and Radiant agreed a HALEU fuel supply deal for the U.S. market as both governments target ending reliance on Russian nuclear material by the end of 2028.
  • Officials and industry tout jobs, investment and energy security, while critics warn of high costs, slow delivery and nuclear waste capacity concerns.