The report said that it can be achieved through the development of policy framework aimed at lessening risks for SMR developers.
The study titled “Preparing For Deployment of A UK Small Modular Reactor By 2030” examined the actions to be taken to support the potential first operations of a SMR.
ETI’s nuclear strategy manager and report author Mike Middleton said: “Our analysis shows that it is possible to have a first of a kind SMR operating by 2030 if SMR developer(s), SMR vendor(s), Government and regulators work together in an integrated programme.
“Creating the right environment for increasing investor confidence is critical if this schedule is to be met; there will be a key role for Government in the first five years of any such programme to deliver an SMR policy framework which progressively reduces investor risk.”
It also re-examined the technical viability and cost impact of deploying SMRs as combined heat and power (CHP) plants.
According to the study, SMRs, with their smaller size, could supply low carbon heat into cities via hot water pipelines up to 30km in length.
ETI stresses that SMRs should be deployed as “CHP ready”, even if there is lack of demand for district heating systems.
The report said that the idea behind the consideration is because the additional costs are small and the potential future revenues large.
SMR technology also offers the benefit of reactors taking a standard design in factories before being assembled on site.
The report said that standardization helps in reducing costs significantly through the economy of multiples.
