Small Modular Nuclear Reactors - Question

Part of the debate – in the House of Lords at 3:29 pm on 22 January 2025.

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Photo of Lord Hunt of Kings Heath Lord Hunt of Kings Heath Minister of State (Department for Energy Security and Net Zero) 3:29, 22 January 2025

My Lords, there are two points to make. Our analysis is that, overall, a renewable-led system complemented by flexible technologies, alongside technologies such as nuclear, will form the cheapest foundation for our decarbonised power grid. The value for money for SMRs is a very good question. That is precisely why the work that Great British Nuclear is doing will be so important and why it then has to feed into more general discussions within government about the finance involved.